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Aegis Capital Corp Review

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Aegis Capital Corp

Aegis Capital Corp is a financial advisor firm headquartered in New York with just over half a million dollars in assets under management (AUM). It has a large team of 61 financial advisors that work on a mainly non-discretionary basis with individual clients 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.

The firm’s staff has a limited number of advisory certifications, with just a few of its advisors holding the chartered financial analyst (CFAs) certification.

What Types of Clients Does Aegis Capital Corp Accept?

Aegis Capital Corp works almost entirely with individual clients. More specifically, of its 1,542 clients, 1,511 are individuals beneath the high-net-worth threshold. Aegis does not work with any high-net-worth individuals.

Aegis Capital Corp Minimum Account Size

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 is a fee-based firm, meaning it 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.

Disclosures

According to its SEC-filed Form ADV, Aegis Capital Corp has dozens of disclosures on its regulatory record. 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.

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.

Where Is Aegis Capital Corp Located?

Aegis Capital Corp is headquartered in New York City, on 7th Aveneue just a few blocks south of Carnegie Hall. The firm has five other offices in the Empire State, along with locations in New Jersey, Florida, Connecticut, Texas and Oregon.

Tips for Your Investment Portfolio

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  • 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 Many Years $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 To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

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%. This reflects the typical return on a conservative investment portfolio. 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