DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Registered advisor

Herbert Robert Franco

Regal Investment Advisors LLCBD affiliatedKentwood, Mi dual registrantIAPD 5575090

Feed of 09/14/2026

Also filed as Hapaki Robert Franco

At current firm

0 y

since Jul 22, 2026

In the industry

11 y

since Apr 1, 2015 (earliest exam, job or registration)

Prior registered firms

IAPD previous registrations

State registrations

current, as an IAR

Firms today

current registrations

Exams

S66, S63

IA exams only

Book size

not public

not estimated here

Signals

dated events on this person

Registration history

IAPD current and previous registrations

Regal Investment Advisors LLC BD affiliated current
since Jul 22, 2026 · Kentwood, Mi
MML Investors Services, LLC BD affiliated
Mar 21, 2025 to Nov 28, 2025 · Eagle Mountain, Ut
Fidelity Personal And Workplace Advisors former
Jun 29, 2024 to Nov 6, 2024 · Salt Lake City, Ut

Moves

a registration end followed by a registration begin elsewhere

MML Investors Services, LLC to Regal Investment Advisors LLC
left Nov 28, 2025, registered Jul 22, 2026 (236 days) · Affiliated broker-dealer or bank to another
Fidelity Personal And Workplace Advisors to MML Investors Services, LLC
left Nov 6, 2024, registered Mar 21, 2025 (135 days) · Affiliated broker-dealer or bank to another

Signals

Herbert Robert Franco left Mml Investors Services, Llc for Regal Investment Advisors Llc (registered 2026-07-22)
Nov 28, 2025 · Advisor changed firm · fact
Herbert Robert Franco left Fidelity Personal And Workplace Advisors for Mml Investors Services, Llc (registered 2025-03-21)
Nov 6, 2024 · Advisor changed firm · fact

Transition signals

Mobility scoring is not published yet. The observable conditions this page will draw on once the historical validation is done: tenure, the firm’s own departures and ownership changes, new state registrations, a new adviser entity with this person on Schedule A, and colleagues’ moves. Until precision and lead time are measured on known moves, no label is printed. Read the methodology.

Provenance

Source: IAPD individual compilation feedreportedadviserinfo.sec.gov
Firm class: Broker-dealer affiliated wealth managerderived
Years in industry: 11derivedfrom the earliest dated exam, employment or registration
Not published: disclosure flags, outside business text, branch street address