Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Tap on the profile icon to edit
your financial details.

Aegis Capital Corp. Review

Your Details Done
by Updated

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, 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 J. Eide. 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 and businesses.

There are no minimum account size requirements 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
  • Investment banking
  • Equity research
  • Retirement planning
  • Private equity
  • Fixed-income investing
  • Insurance
  • Alternative investments
  • Special purpose vehicles

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 sales, 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 tolerate.

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 30 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.

Tips for Your Investment Portfolio

  • Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • One of the most important things to remember about investing is that you’ll need to pay taxes on your returns. If you’re unsure of what your tax hit will look like, try SmartAsset’s capital gains tax calculator.

How Long $1mm 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.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then 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 the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. 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.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research