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Rating:Why a Michigan RIA Teamed Up With a Fund Firm Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 21, 2019

Why a Michigan RIA Teamed Up With a Fund Firm

Reported by Neil Anderson, Managing Editor

Thanks to a recent mutual fund merger, a midwestern broker-dealer and RIA is teaming up with a fund firm.

John Kailunas II
Regal Financial Group
Founder, CEO
Last month, Regal Investment Advisors' Regal Total Return Fund merged into North Star Investment Management's North Star Opportunity Fund [profile]. Grand Rapids, Michigan-based Regal, a full-service RIA with its own sister B-D, and Chicago, Illinois-based North Star, a fund firm, will have "a bright future together" thanks to the deal, Regal CEO John Kailunas tells MFWire.

"We decided we could get bigger quicker by teaming up with the professionals at North Star ... We're going to handle the distribution," Kailunas says. "North Star doesn't have a great deal of distribution, and we're hoping to change that."

"It was a perfect hand in glove opportunity for us to increase our size, increase our distribution, and lower costs for the retail," Kailunas adds. "We see a tremendous opportunity with the two firms aligned moving forward in the same direction."

Regal's Jim Tassoni now serves as a PM at North Star, and he continues to serve as chief investment officer for Regal Investment Advisors, too, Kailunas confirms. 

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