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Aegis Capital Corp. Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Aegis Capital Corp. is a financial advisor firm headquartered in New York. It works mainly on a non-discretionary basis with individual clients, retirement plans, pooled investment vehicles and businesses. The firm also provides financial planning services. 

Aegis Capital Corp. is a fee-based advisory firm. It charges an annual fee based on a client’s AUM, but it also receives commissions from selling various financial products like annuities, insurance, stocks and bonds. As the firm's advisors may be incentivized to encourage clients to make such transactions, this represents a potential conflict of interest. Even still, the firm abides by fiduciary duty, which legally binds it to act in your best interests.

Aegis Capital Corp. Background

Aegis Capital Corp was founded in 1984 by Robert Eide, who now has around 40 years’ experience in financial services. The firm has since grown to house a large stable of financial advisors, but Eide remains as chairman, CEO and principal owner.

Aegis Capital Corp. Client Types and Minimum Account Sizes

Aegis Capital Corp. works primarily with non-high-net-worth individuals, as well as some high-net-worth individuals. Institutional clients include pooled investment vehicles, retirement plans, charitable organizations and businesses.

There are no minimum account size requirements of any kind at Aegis Capital Corp.

Services Offered by Aegis Capital Corp.

Aegis provides a number of financial planning and investment services to its clients, typically in the form of non-discretionary accounts. These offerings include:

  • Wealth management
  • Education cost planning
  • Estate planning
  • Annuity planning
  • Long-term care planning
  • Life insurance planning
  • Retirement planning
  • Retirement plan services
  • Investment services
  • Fixed-income investing
  • Alternative investments
  • Structured products
  • Special purpose vehicles
  • Private equity
  • Investment banking
  • Insurance

Aegis Capital Corp. Investment Philosophy

Aegis uses a wide range of methods and analysis in helping to manage and grow its clients’ assets. These methods include charting, fundamental, cyclical and technical analysis. The firm also gets its information from a wide range of sources, including newspapers and magazines, corporate inspections, third-party research and other reports.

Aegis tailors a particular investment strategy for each of its clients. They tend to utilise long- and short-term purchases, trading, short sale, option writing and other transactions to craft the ideal portfolio for each client. Ultimately, the firm’s goal for each client is to drive long-term growth while minimizing risk to a level that the client can stomach.

Fees Under Aegis Capital Corp.

Aegis charges an annual fee based upon each client’s AUM. The firm offers wrap fee accounts as well as non-wrap fee accounts. A wrap fee program is generally more expensive, but its purpose is to combine transactional costs and other charges within a single fee. On the other hand, a standard account will incur transactional costs in addition to the management fee.

Account Fee Schedule
AUM Wrap Fee Annual Rates Non-Wrap Fee Annual Rates
Up to $250K 3.00% 2.50%
$250K to $1MM 2.75% 2.25%
$1MM and up 2.50% 2.00%

What to Watch Out For

Aegis Capital Corp. has 29 disclosures reported on its Form ADV. These include violations like the submission of reports that contained inaccurate data, the selling of non-registered micro-cap stocks, the untimely reporting of municipal securities transactions and more. As a result of many of these disclosures, the firm was fined various amounts, among other sanctions.

As a fee-based firm, Aegis receives commissions for selling insurance and securities products. This creates the potential for a conflict of interest. However, the firm is still legally obligated to abide by fiduciary duty, meaning it must act in your best interest at all times.

Opening an Account With Aegis Capital Corp.

To become a client of Aegis Capital Corp., submit a contact form on its website or call (800) 920-2502.

All information was accurate as of the writing of this article.

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How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.