Municipal Bonds – Consistent Performers in a Low-Interest Environment

Aegis Capital Corp pic

Aegis Capital Corp
Image: aegiscapcorp.com

Established in 1984, Aegis Capital Corp. is a respected provider of client-driven services that meet the needs of individual and institutional investors. In the retail sphere, Aegis Capital Corp. provides solutions that incorporate government securities and municipal bonds as part of a diversified allocation approach.

Despite widely reported issues in Puerto Rico and Detroit, municipal bonds have performed with consistent strength in recent years. Bolstered by record-low interest rates, they have provided investors with a tax-advantaged route toward growing wealth while mitigating risk. In addition to outperforming Treasury and corporate issues in the bond market, they were neck and neck with the major equity indexes through late 2015.

The risk posed by high-profile defaults, such as that which occurred in Puerto Rico, are mitigated in large part by risk assessments that already discount valuations in the muni bond market. While credit risk is an issue, perception that contagion could occur is of larger fundamental concern. A majority of investment advisors expect municipal bonds to continue to outperform many other investment areas. They should continue to be a vital part of a properly balanced allocation strategy so long as interest rates remain near historic lows.

Aegis Promotes Nxt-ID After March WorldVentures Deal

Nxt-ID Image: twitter.com

Nxt-ID
Image: twitter.com

Aegis Capital Corp., a New York-based financial advisory and brokerage services bank since 1984, recently issued an updated “buy” rating for rising technology company Nxt-ID. In March 2016, an Aegis Capital Corp. representative noted Nxt-ID’s 12-month target price of $3.00 after that company’s conclusion of a deal with WorldVentures, a leading global provider of curated travel experiences marketed through independent salespeople. In its deal with WorldVentures, Nxt-ID is set to provide up to $15 million in SmartCard orders for the client company.

Nxt-ID’s business model focuses on working with corporate, private, and government clients to build digital payment strategies, encryption technologies, and biometrically based security methodologies. Established half a decade ago, Nxt-ID has developed a growing spectrum of technology-based patents and biometric solutions designed to provide definitive identification of individuals. Among the company’s latest innovations are a mobile identity verification product and a 21st century standalone “smart” wallet that consolidates all the personal information connected to a user’s credit and membership cards into a single secure device.

The last few years have seen a rapid uptake of smartphone technology among American consumers, about three-quarters of whom now regularly use the devices. Working within this trend, Nxt-ID also continues to build a strong presence in the mobile payment niche. That market is anticipated to surpass $140 billion before the close of the current decade.

Aegis Capital Corp. Expands Its Professional Team

Aegis Capital Corp pic

Aegis Capital Corp
Image: aegiscapcorp.com

Aegis Capital Corp., based in New York, has worked with clients for more than 30 years as a boutique investment banking company, offering a range of broker-dealer and financial advisory services. In early 2016, Aegis Capital Corp. announced the addition of several new executive staff assigned to enhance its value to customers.

Jim Kaufman has joined the Aegis Capital team as a managing director responsible for institutional sales and trading. Mr. Kaufman brings to his new job a quarter-century of experience assisting institutional customers, including a variety of asset managers. Mr. Kaufman served in previous positions with Lehman Brothers and with Raymond James Financial.

Clinton Mayer is a new Aegis senior vice president serving the company’s Private Client Group, responsible for the management of well in excess of $230 million in client investments. Mr. Mayer’s previous positions include 15 years with Drexel Burnham, and he has additionally achieved recognition for his contributions to a variety of non-profit causes.

The company also recently hired Joseph Terranova as its managing director of the Melville, New York, operations dealing with sales and trading of fixed-income investments. Mr. Terranova’s track record includes service to Maxim Group as an institutional preferred trader.

Aegis Capital CEO Robert Eide led his executive team in welcoming the new professionals to his company.