Royal Alliance Associates, Inc

CRD#23131
Investment Advisor Firm

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Learn more about Royal Alliance Associates, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Royal Alliance Associates, Inc operates as a financial advisory company located in Jersey City, New Jersey. The firm controls $29.5 billion in assets across 149,233 customer accounts, making it one of the largest financial advisory firms in the United States by assets under management (AUM). It has a very large group, including 2,075 financial advisors. Royal Alliance Associates, Inc is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial assets like options, equities and bonds.

    Royal Alliance Associates, Inc oversees the majority of the company's accounts on a discretionary basis. Discretionary management is a structure in which an investment advisor makes buy and sell judgments for the client's account without needing the client's permission. The company also manages 18,573 non-discretionary accounts with a total of $5.0 billion in AUM. Royal Alliance Associates, Inc's average account size is $197,920. The average financial advisor at Royal Alliance Associates, Inc oversees about 72 client accounts, making it about average in terms of personalization.

    The company's central office is located at 10 Exchange Place, Jersey City, New Jersey 7302. Royal Alliance Associates, Inc is registered to serve investors throughout 51 U.S. states and territories.

    Assets Under Management

    $29.5 billion

    Number of Advisors

    2,075

    Disclosures

    No

    Office Location

    10 Exchange Place
    Jersey City, NJ 07302

    Royal Alliance Associates, Inc by the Numbers

    Total Assets Under Management

    $29.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    3,704

    National Average: 64
    Total Number of Accounts

    149,233

    National Average: 375,227
    Average Account Size

    $197.9 thousand

    National Average: $23.0 thousand
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    Products and Services

    Royal Alliance Associates, Inc offers multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers and educational seminars. In the last fiscal year, Royal Alliance Associates, Inc provided 4000 of its accounts with financial planning services. The firm does sell products or offer services apart from investment advice to its clients. It also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, trust company, insurance company or agency and pension consultant.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial management usually depend on which services the firm provides the client. However, fees billed by the company can be comprised of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company does business with a broad range of customers. The firm provides services to retail investors, high net worth investors, banking institutions, pension plans, charitable organizations, state or municipal government entities and corporations. Out of its 149,233 accounts, Royal Alliance Associates, Inc's biggest client group is retail investors, though it also serves 11,515 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its clients are non-U.S. persons.

    • High-Net-Worth Individuals* - 11.17%
    • Other Individuals - 87.78%
    • Corporations - 0.86%
    • Charitable Organizations - 0.19%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Royal Alliance Associates, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Royal Alliance Associates, Inc

    Nicholas Adams
    Southfield, MI
    Elijah Murray
    Plano, TX
    Austen Harvey
    Jersey City, NJ
    David Whitfield
    Mishawaka, IN
    Joshua Harper
    South Jordan, UT
    Joel Morales
    Wesley Chapel, FL
    Louis Sparacino
    Mineola, NY
    Phillip Wong
    Wayland, MA
    Pegge Barrier
    Saint Petersburg, FL

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