Another RIA gets off the runway, and is based in New York.

A new registered investment advisor firm in New York, Regal Wealth Management, has been launched with the support of Merchant, a private partnership that holds minority stakes in a number of RIAs.

Joining Regal is managing director Jason Bell, who began his career as an investment specialist at JP Morgan Private Bank and most recently was a financial advisor at UBS Financial Services. Regal has also added investment advisor Aron Wegner to Bell’s team. Wegner was previously an associate at Nomura Securities International. 

Regal also enjoys a strategic relationship with Monarch Business and Wealth Management, a multi-family office that serves many artists, entertainers and professional athletes. (Merchant is also an investor into the Monarch business, a spokesperson told this news service when asked to clarify details.)

“We’re proud to partner with Jason, Aron and the entire Regal Wealth Management team, and welcome the firm as a strategic partner of Merchant,” said Bryan Staff, managing partner of Merchant.

“We have several wealth advisory teams set to join Regal over the coming months and we are genuinely excited about the near-term growth trajectory and strategic relationship with Barry Klarberg and our partners at Monarch,” he said. 

(Klarburg, referred to above, is a professional business and wealth manager for athletes, entertainers and HNW individuals. He founded Monarch and is its chief executive.)

Regal has chosen to work with BNY Mellon | Pershing for clearing, settlement and custody services.