# Royal & Associates, Inc.

> Royal & Associates, Inc. is a state-registered investment advisory firm in Beverly Hills, CA, registered since 1989, with no regulatory assets under management reported in its Form ADV filing dated March 30, 2026.

- CRD: 135663
- Filed as: ROYAL & ASSOCIATES, INC.
- Legal name: David A. Royal & Associates, Inc.
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Beverly Hills, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/135663
- AdvisorCensus page: https://advisorcensus.com/firm/royal-and-associates-inc-beverly-hills-ca-135663

## Quick answers

**How is Royal & Associates, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Royal & Associates, Inc. reports these compensation arrangements: hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Royal & Associates, Inc. located?**
Royal & Associates, Inc.'s principal office is in Beverly Hills, CA, according to its Form ADV.

**Is Royal & Associates, Inc. registered with the SEC or a state?**
Royal & Associates, Inc. is a state-registered investment advisory firm, registered since 1989. Status as filed: APPROVED. CRD 135663.

**Does Royal & Associates, Inc. report any disciplinary disclosures?**
Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/135663

## From the Form ADV filing

### Compensation (Item 5.E)
- Hourly charges
- Fixed fees (other than subscription fees)

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $0 |
| High net worth individuals | Fewer than 5 | $0 |
| Charitable organizations | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $0 |

### Advisory services (Item 5.G)
- Security ratings or pricing services
- Other

### Firm details
- Registered since: 1989 (37 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports 2 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/135663

### Websites listed on Form ADV (Item 1.I)
- royal-associates.com

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Royal & Associates, Inc. (CRD 135663): Form ADV filing data as of October 2026.