Aegis Capital Corp
A New York City-based broker-dealer founded in 1984, Aegis Capital Corp. offers a comprehensive selection of services for individual and institutional investors. Retail services provided by Aegis Capital Corp. include mutual funds, the structures of which vary based on the needs of the investor.
Money market funds: Money market funds typically invest in low-risk assets such as treasury bills, government bonds, and certificates of deposit. Although the risk profile of money market funds is low, the potential returns are also relatively low.
Equity funds: As the name suggests, equity funds invest in stocks. Unlike money market funds, which provide consistent returns with low risk, equity funds involve fast growth and higher risk. Investors can choose from a variety of equity funds, including value stocks, growth stocks, income funds, and more.
Index funds: Index funds peg their value to the performance of indices such as the S&P/TSX Composite Index. Because index funds require fewer investment decisions from the fund manager, costs associated with index funds are relatively low.
Aegis Capital Corp
For more than three decades, Aegis Capital Corp. has provided investment banking services for clients in the mid-market space. Aegis Capital Corp. regularly assists clients with broad based private debt and equity financing as well as mezzanine financing.
Mezzanine financing refers to the segment of a company’s capital situated between common equity and senior debt. Typically appearing in the form of preferred equity or subordinated debt, mezzanine financing provides a number of benefits for companies.
For companies with relatively little in the way of collateral, mezzanine financing provides a means of securing funding for growth. Borrowers can also use mezzanine financing to diversify an owner’s holdings, often in response to reinvestment of personal dividends back into the business.
On the lender side, mezzanine capital arrangements often include provisions for a warrant, which enables investors to convert their holdings to common stock if the company begins performing well. Mezzanine debt also features higher yields than more senior debt or secured debt. Because mezzanine financing is usually subordinate to senior debt, however, the risk of default on mezzanine capital is also elevated.
Aegis Capital Corp. is a New York-based financial services firm that provides a host of institutional and family office clients with dedicated investment support. Capabilities range from retail sales to global equity syndicates, with transactions underpinned by RBC Correspondent Services’ multiple execution platforms. The Aegis Capital Corp. team maintains a strong focus on current market conditions and the macro-level events that influence them.
One such notable event in Europe was a popular referendum vote in June 2106 by UK citizens in favor of “Brexit,” or a departure from the European Union. A shock to the financial system, the vote had a tumultuous impact on major markets, with stock markets roiling. In a flight to safety, the pound fell to decade lows, while the Japanese yen and US Treasury notes gained strength.
Despite these immediate effects, economists predict that the most profound impact will be felt further down the road, as the UK unwinds its complex membership in an organization that encompasses all aspects of trade and worker flow among EU member countries. In particular, the UK, which relies on financial services for much of its trade surplus, will have a more difficult time providing essential banking services to clients across the continent. At the same time, the Eurozone will face large-scale structural challenges that may put the continued existence of the EU in question.
Aegis Capital Corp
Established more than three decades ago, Aegis Capital Corp. offers a host of retail and institutional broker-dealer solutions. In June 2016, the firm announced the creation of a dedicated Fixed Income Municipal Bond Division. The new Aegis Capital Corp. division has been created with a team that was previously with Hapoalim Securities, where its members achieved significant success with a blue-chip client base.
The new addition to Aegis’ Institutional Desk is guided by Anthony J. Lauriello, who directed Hapoalim’s Municipal Institutional Sales and Trading division for five years and who has two decades of experience with Oppenheimer/CIBC.
The team maintains coverage that extends to many of the nation’s leading insurance providers, fixed-income money managers, and mutual funds; a core focus is on tax-exempt securities spanning major Midwest issuers and Northeast region and California credits. Another area of activity is in zero coupon bonds, which do not pay interest and are traded at a significant discount on their full value at maturity.
IPO vs APO
Founded by Robert Eide in 1984, Aegis Capital Corp. has evolved from a real estate focused business to a full service wealth management firm to meet the changing needs of clients. Offering comprehensive financial and investment services, Aegis Capital Corp. offerings include including APO venture capital and bridge services to an IPO.
Often used by smaller companies and startups that need additional investment to expand, an Initial Public Offering (IPO) is the first public sale of stock by a private company. Generally in an IPO, an underwriting firm helps to determine the correct timing of an initial offering and will also determine what price to set. An alternative public offering (APO), is an alternative to an IPO that still allows a company to go public.
An APOs key difference from an IPO is that it allows a company to go public with no public raising of capital. The capital in an APO is instead obtained through a private agreement where an investor, usually institutional in nature, purchases shares. This is called a private investment of public equity. The other component of an APO is a reverse merger, where investors acquire a majority stake of a public shell company and merge it with the private firm going public. By using this process, an APO offers a simpler and faster means to go public compared to an IPO.
Aegis Capital Corp
With an East Coast regional investment presence spanning three decades, Aegis Capital Corp. provides corporate, institutional, and retail clients with a full range of financial solutions. Aegis Capital Corp. offers comprehensive debt market services that range from project financing and refinancing to discounted payoff (DPO).
Commonly employed in resolving commercial real estate problem-debt situations, the DPO is utilized when the real property asset has significantly declined to the point where the amount available for refinancing is less than the outstanding loan. DPOs also come into play when the lender experiences outside pressure to decrease its exposure to the commercial real estate market. As it involves a loss to the lender, it is typically used as a last resort after other debt recovery avenues have failed.
When DPO situations do occur, they must be moved on quickly, which can be problematic, as conventional lenders will be reluctant to step in and help finance this type of payoff. In most situations, a semi-hard or hard money bridge loan is the only viable option for accomplishing the payoff and working toward a footing in which conventional refinancing becomes possible. It makes sense to work with a specialized financial services provider in enabling DPOs to move forward smoothly.
Aegis Capital Corp
Full-service boutique investment bank and financial advisory services firm Aegis Capital Corp. has assisted clients since 1984. Led by chairman and CEO Robert Eide, the company offers wealth management services to high-net-worth individuals and families, as well as to a variety of institutional clients. In order to better serve the needs of its clients, Aegis Capital Corp. has established its own insurance division as well.
Known as Aegis General Agency, this division offers the kind of personalized service clients typically expect from a small, neighborhood insurance provider, but with the added effectiveness and innovativeness that distinguish large corporations. This structure enables the company’s financial planners to offer a truly full-service range of products within the same general office space, while still delivering a completely independent point of view.
This kind of independence is vital in that every client is in a unique financial situation, and has distinct life goals that can only be properly addressed by a company that puts clients’ interests first. Many other competing investment banks automatically direct clients to their own preferred partner insurance companies, whether or not these companies are the best equipped to meet clients’ needs.
Aegis Capital Corp
New York City-headquartered Aegis Capital Corp. offers clients a comprehensive range of institutional and retail financial management solutions. Having enabled capital market transactions totaling more than $55 billion, Aegis Capital Corp.’s transactional experience extends to initial public offerings (IPOs) and alternative public offerings (APOs).
APOs combine a private investment of public equity (PIPE) with reverse mergers. This allows companies to avoid the often cumbersome and time-consuming IPO process.
With the APO, a shell company with no real assets or liabilities beyond PIPE financing is set up. Restricted, unregistered stock is sold to accredited private investors, with the underwriting investment bank typically arranging financing through institutional partners. Once capital is raised and due diligence conducted, 8K documentation is filed with the SEC, along with a registration statement, at which point the PIPE is released from escrow and the stock can be traded.
Properly funded, APOs offer a number of advantages over IPOs, including cost savings and fewer required public disclosures prior to closing of the deal. This enables private companies to assess viability accurately among investors before an announcement is made. PIPE investors also receive a host of benefits, including the ability to sell the stock at a significant discount to valuation on the public market. The successful APO thus serves to spark general investor interest in the newly liquid company stock and fuels subsequent growth.
Aegis Capital Corp
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.