Regal Wealth Group Inc. (Seal Beach)

Name: Regal Wealth Group Inc.
Address: 12501 Seal Beach Blvd, Suite 280, Seal Beach, CA, 90740
Telephone: 562-799-1929

Regal Wealth Group Inc. is a large advisory firm based in Seal Beach. It manages $163.26 million of regulatory assets for 586 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, and Texas.

Regal Wealth Group provides financial planning services, portfolio management for individuals and small businesses, and advice on matters not involving securities.. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Regal Wealth Group: assets under management

The assets under management (AUM) of Regal Wealth Group Inc. is $163.26 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $163.26 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $278.6 thousand each.

Regal Wealth Group has custody of $34.58 million in cash and securities for 67 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Regal Wealth Group Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gary Peter Klein serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Gary Peter Klein is high net worth individuals with 51 clients and $94.17 million of assets under management. Among the 8 most similar advisory firms, Regal Wealth Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $163.26 million for 276 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Regal Wealth Group doesn't advise any private funds.

Careers at Regal Wealth Group Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Gary Peter Klein has been acting as President since 1 Nov 2005. William Malcolm Beeler joined the executive team most recently as the Vice President/Chief Compliance Officer/Iar.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Malcolm Beeler	Vice president/chief compliance officer/iar	1 Nov 2005	25% - 50%	2171363
Gary Peter Klein	President/iar	1 Nov 2005	50% - 75%	1021753

Based in Seal Beach

The principal office where Regal Wealth Group Inc. performs its advisory services is located at 12501 Seal Beach Blvd, Suite 280, Seal Beach, CA 90740, which is also the mailing address of the firm. An additional office of the firm is in Redlands, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 562-799-1929 or by fax 562-799-0878. The normal business hours are 9:00 am to 4:00 pm on Monday - Friday. You can find more information about the New York firm at regalwealthgroup.com and its LinkedIn profile.