Regency Investment Advisors, Inc. is a SEC-registered investment adviser with its principal place of business located in California. Regency began conducting business in 1993.
Listed below is the firm’s principal shareholder (i.e., those individuals and/or entities controlling 25% or more of this company).
• Philip Daniel Ray, Trustee of the Philip and Karen Ray Declaration of Trust, dated 8/8/2012 The information contained in this brochure describes our investment advisory services, practices, and fees. Please refer to the below description of our services for information on how we tailor our investment advice to the needs of our clients. As used throughout this firm brochure, the words “we,” “our,” “firm,” “Regency” and “us” refer to Regency Investment Advisors, Inc., and the words “you,” “your,” and “client” refer to you, either as a client or prospective client of our firm.
Regency offers the following advisory services to our clients: INVESTMENT SUPERVISORY/INDIVIDUAL PORTFOLIO MANAGEMENT Our firm provides continuous advice to a client regarding the investment of client funds based on the in- dividual needs of the client. Through personal discussions in which goals and objectives based on a client’s particular circumstances are established, we create and manage a portfolio based on those goals and ob- jectives. During our data-gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs. We manage these advisory accounts on a discretionary or non-discretionary basis. Account supervision is guided by the client’s stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as well as tax considerations. Clients may impose reasonable restrictions involving liquidity needs, investing in certain securities, types of securities, or industry sectors.
Our investment recommendations are not limited to any specific product or service offered by a bro- ker-dealer or insurance company and will generally include advice and recommendations regarding mu- tual funds and exchange traded funds (ETF). We may also advise certain clients on individual securities and legacy positions in certain circumstances.
Because some types of investments involve certain additional degrees of risk, they will only be implement- ed/recommended when consistent with the client’s stated investment objectives, liquidity, suitability, and tolerance for risk. Regency may utilize a tactical approach to management when circumstances warrant and it is desired by the client.
Regency primarily invests in no-load mutual funds and ETFs through Charles Schwab & Co, or oth- er custodians as circumstances warrant. We may purchase other investments, including transac- tion fee funds and closed-end funds, when appropriate and approved by the Investment Committee. As part of advising retirement plan sponsors and trustees, we make plan sponsors aware of their option to include stable value funds as a low-risk money market alternative within their plans. Stable value funds are considered appropriate for qualified plan investors who desire a high degree of safety, stable principal value, and consistent returns on a component of their retirement savings. Part 2A of Form ADV 4 Stable value funds are only available to qualified retirement plans and are only offered as Collective Invest- ment Trusts (CIT). When plan sponsors elect to include stable value funds in a plan, they may be offered as standalone investment options and/or as part of model portfolios included within the plan’s investment menu. The use of CITs in plans is based upon a review of other comparable funds in the desired asset class, the costs associated with the CIT, as well as the plan’s desire to include CIT options. In limited instances, we may help plans select other types of CIT offerings.
‘OTHER’ PORTFOLIO MANAGEMENT Regency provides other continuous and non-continuous asset management of client funds based on the individual needs of the client. Through personal discussions in which goals and objectives based on the client’s particular circumstances are established, we manage a portfolio based on those goals and objec- tives. During our data-gathering process, we determine the client’s individual objectives, time horizons, risk tolerance, and liquidity needs. We generally manage these advisory accounts on a non-discretionary basis. Account supervision is guid- ed by the client’s stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income). An example of this type of service is a client with a balance in their company’s retirement plan where they cannot move the account to us for management but can hire us to periodically monitor the investments within their plan and make recommendations for purchases, sales, and rebalances. Our in- vestment recommendations in this instance are limited to the choices available in the account to be mon- itored. One example of other management includes the use of Pontera Solutions, Inc., a third-party platform that facilitates management of held-away assets, including retirement plan accounts. The platform allows us to avoid being considered to have custody of Client funds since we do not have direct access to login credentials. A link will be provided to the Client allowing them to connect any accounts to the platform. Once the Client is connected to the platform, Regency will review the current account allocations. When deemed necessary, we will rebalance the account considering client investment goals and risk tolerance, and any change in allocations will consider current economic and market trends. The goal is to improve ac- count performance over time, minimize loss during difficult markets, and manage internal fees that harm account performance. Client accounts will be reviewed at least quarterly, and allocation changes will be made as deemed necessary. This service may be offered on a discretionary or non-discretionary relation- ship, and is subject to the terms and conditions of the Pontera Solutions, Inc., license agreement. Our in- vestment recommendations in this instance are limited to the choices available in the underlying account. We also provide cash management services through the use of cash and cash equivalents. Typ- ically, Regency will advise clients regarding short- and long-term strategies with the goal of achieving higher returns than clients may otherwise obtain through traditional bank accounts. FINANCIAL PLANNING Regency will, on occasion, provide financial planning services and non-comprehensive financial plans en- compassing one or more aspects of a client’s overall financial situation. In general, the financial plan may address any or all of the following areas:
• Personal (budgeting, personal liability, estate information and financial goals)
• Tax & Cash Flow (general tax concepts, no tax advice)
• Investment Review Part 2A of Form ADV 5
• College Planning
• Retirement
• Consult with clients about Employee Benefits
• Estate Planning (general concepts, no legal advice) We gather the information, as required, to provide consulting services requested of us by the client. We carefully review documents supplied by the client. As appropriate, we will introduce clients to unaffiliated, outside professionals (attorneys, accountants, third party administrators, insurance agents, realtors, etc.), or coordinate with existing professionals, to help clients carry out their desired financial plan. Implementa- tion of financial plan recommendations is entirely at the client’s discretion.
Should you decide to use our money management services, there will be a separate agreement.
AMOUNT OF MANAGED ASSETS As of December 31, 2023, Regency was actively managing $868,897,395 of client assets on a discretionary basis, plus $8,434,469 of client assets

on a non-discretionary basis.
5. Fees & Compensation INVESTMENT SUPERVISORY/INDIVIDUAL PORTFOLIO MANAGEMENT AND ‘OTHER’ PORTFOLIO MAN- AGEMENT SERVICES FEES Regency’s annual fees for Investment Supervisory Services and “other” non-continuous portfolio man- agement services are based upon a percentage of assets under management and generally range from 0.60% to 1.20%. Regency’s fee schedule is identified in the contract between the advisor and each client. A minimum of $250,000 of assets under management is required for investment supervisory services. There is a minimum of $1,000,000 of assets under management for retirement plans. We reserve the right to waive this minimum and fees will be negotiated individually based on the work and services provided and disclosed in our contract. If a retirement plan requires more than our standard set of services, we may deviate from our normal fee schedule; the fee would be disclosed in our contract. There is generally a $50,000 minimum account balance for active management on College 529 Plans. However, Regency is willing to serve as Advisor on accounts with a smaller balance if the client has a min- imum account balance of $250,000 in investment supervisory assets. Regency doesn’t generally provide active management for College 529 Plan accounts with balances less than $15,000. In that case, the client can choose amongst Target Date Funds. Regency will not charge a management fee for accounts invest- ed in Target Date Funds. For both actively managed 529 accounts and accounts invested in Target Date Funds, Regency will not report performance, but rather, the account performance will be stated on the custodian’s quarterly statement. It is recommended that the client carefully review their quarterly state- ment from the custodian and notify Regency of any discrepancies.
A minimum of $250,000 of assets under management is required for “other” non-continuous portfolio management service. These account minimums may be negotiable under certain circumstances. Ongoing account manage- ment fees are generally payable quarterly, in advance, based on the market value of the assets on the last Part 2A of Form ADV 6 business day of the previous quarter. Account management fees may be directly deducted from your ac- count(s) on a quarterly basis. For retirement plans with a third-party recordkeeper, the recordkeeper may calculate and deduct Regency’s fee or instruct Regency to deduct said fee. This fee may be calculated on a monthly or quarterly basis, in arrears, based on the value of the managed assets as of the close of business on the last business day of the preceding month/quarter and number of days in the period. Please refer to the specific services agreement for further details. Limited Negotiability of Advisory Fees: Although Regency has established the fee schedule mentioned above, we retain the discretion to negotiate alternative fees on a client-by-client basis. The specific annual fee schedule is identified in the contract between the adviser and each client.
We may group certain related client accounts for the purposes of achieving the minimum account size re- quirements and determining the annualized fee. Discounts, not generally available to our advisory clients, may be offered to family members and friends of associated persons of our firm.
FINANCIAL PLANNING FEES Regency’s Financial Planning fee is determined based on the nature of the services being provided and the complexity of each client’s circumstances. All fees are agreed upon prior to entering into a contract with any client. The fee charged to the client is either hourly (generally $200 to $300 per hour) or fixed and may be nego- tiated. Our hourly fee varies based upon the nature of services and the individual performing the services, including their experience and training. There are no commissions received by Regency or by individuals working for Regency. Fees may be waived if approved by management. Although the length of time it will take to provide a Financial Plan will depend on each client’s personal situation, if an hourly fee will be charged, we will provide an estimate for the total hours at the start of the advisory relationship. Financial Planning Fee Offset: Regency reserves the discretion to reduce or waive the hourly fee and/or the fixed fee if a financial planning client chooses to engage us for our investment management services. The client is billed after the project is complete. GENERAL INFORMATION Termination of the Advisory Relationship: A client agreement may be canceled at any time, by either party, for any reason upon notice to any of our staff. As disclosed above, certain fees are paid in advance of services provided. Upon termination of any account, any prepaid, unearned fees will be promptly refunded. In calculating a client’s reimbursement of fees, we will prorate the reimbursement according to the num- ber of days remaining in the billing period. If you don’t automatically receive a refund upon termination, please call Marci Deck at 559-438-2640, immediately.
Mutual Fund Fees: All fees paid to Regency for investment advisory services are separate and distinct from the fees and expenses charged by mutual funds and/or ETFs to their shareholders. These fees and expens- es are described in each fund’s prospectus. These fees will generally include a management fee, other fund expenses, and a possible distribution fee. If the fund also imposes sales charges, a client may pay an initial or deferred sales charge. A client could invest in a mutual fund directly, without our services. In that case, the client would not receive the services provided by our firm which are designed, among other things, to assist the client in determining which mutual fund or funds are most appropriate to each client’s financial condition and objectives. Accordingly, the client should review both the fees charged by the funds and our fees to fully understand the total amount of fees to be paid by the client and to thereby evaluate the Part 2A of Form ADV 7 advisory services being provided.
Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible for the fees and expenses charged by custodians and imposed by broker dealers, including, but not limited to, any transaction charges imposed by a broker dealer with which an independent investment manager affects transactions for the client’s account(s). Please refer to the “Brokerage Practices” section (Item 12) of this Form ADV for additional information.
Grandfathering of Minimum Account Requirements: Pre-existing advisory clients are subject to Regen- cy’s minimum account requirements and advisory fees in effect at the time the client entered into the advisory relationship. Therefore, our firm’s minimum account requirements will differ among clients. ERISA Accounts: Regency is deemed to be a fiduciary to advisory clients that are employee benefit plans or individual retirement accounts (IRAs) pursuant to the Employee Retirement Income and Securities Act (“ERISA”), and regulations under the Internal Revenue Code of 1986 (the “Code”), respectively. As such, our firm is subject to specific duties and obligations under ERISA and the Internal Revenue Code that include, among other things, restrictions concerning certain forms of compensation. Regency only charges the money management fees and does not receive any commissions or 12b-1 fees.
Advisory Fees in General: Clients should note that similar advisory services may (or may not) be available from other registered (or unregistered) investment advisers for similar or lower fees.
Limited Prepayment of Fees: Under no circumstances do we require or solicit payment of fees in excess of $1,200 more than six months in advance of services rendered. 6. Performance-Based Fees Regency does not charge performance-based fees.