{
  "crd_number": 111587,
  "slug": "aegis-financial-corporation-mclean-va-111587",
  "primary_business_name": "AEGIS FINANCIAL CORPORATION",
  "legal_name": "AEGIS FINANCIAL CORPORATION",
  "dbas": [],
  "city": "McLean",
  "state": "VA",
  "country": "United States",
  "cbsa_code": "47900",
  "metro": {
    "cbsa_code": "47900",
    "common_name": "Washington",
    "msa_name": "Washington-Arlington-Alexandria, DC-VA-MD-WV",
    "path": "/advisors/dc/washington"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1994-07-08",
  "years_registered": 32,
  "period": "2026-10-01",
  "filing_date": "2026-07-28",
  "carried_forward": false,
  "raum_total": 1367476939.0,
  "raum_discretionary": 1367476939.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 6,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 9953314.0,
      "count": 19
    },
    "investment_companies": {
      "raum": 1310350746.0,
      "count": 1
    },
    "high_net_worth_individuals": {
      "raum": 34862305.0,
      "count": 9
    },
    "corporations_other_businesses": {
      "raum": 12310574.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "TX",
    "VA"
  ],
  "websites": [
    "https://aegisfinancialcorp.com",
    "https://aegisfunds.com",
    "https://aegisvalue.com",
    "https://aegisvaluefund.com",
    "https://linkedin.com/company/aegis-financial-corp"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111587",
  "city_as_filed": "MCLEAN",
  "url": "https://advisorcensus.com/firm/aegis-financial-corporation-mclean-va-111587",
  "display_name": "Aegis Financial Corporation",
  "summary": "Aegis Financial Corporation is an SEC-registered investment advisory firm in McLean, VA, registered since 1994, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 28, 2026.",
  "citation": "AdvisorCensus. Aegis Financial Corporation (CRD 111587): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Aegis Financial Corporation compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Aegis Financial Corporation reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Aegis Financial Corporation located?",
      "a": "Aegis Financial Corporation's principal office is in McLean, VA, according to its Form ADV."
    },
    {
      "q": "Is Aegis Financial Corporation registered with the SEC or a state?",
      "a": "Aegis Financial Corporation is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 111587."
    },
    {
      "q": "How much does Aegis Financial Corporation manage?",
      "a": "Aegis Financial Corporation reports $1,367,476,939 in regulatory assets under management in its Form ADV filing dated July 28, 2026 (100% discretionary)."
    },
    {
      "q": "How have Aegis Financial Corporation's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Aegis Financial Corporation: Regulatory assets under management: $142,131,283 in the October 2021 data and $1,367,476,939 in the October 2026 data, up 862%. Total employees: 4 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Aegis Financial Corporation serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (19); high net worth individuals (9); investment companies (1)."
    },
    {
      "q": "Which custodians does Aegis Financial Corporation use?",
      "a": "Aegis Financial Corporation's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC and Pershing Advisor Solutions LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Aegis Financial Corporation report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111587"
    },
    {
      "q": "Does Aegis Financial Corporation state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 says: \"The Adviser typically requires that a client invests a minimum of $100,000 to open an account and to maintain a minimum account size of $100,000 for separate accounts.\""
    },
    {
      "q": "What changed in Aegis Financial Corporation's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $380,976,522 to $1,367,476,939 (+259%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 142131283.0,
      "total_employees": 4,
      "filing_date": "2021-03-18"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 238153983.0,
      "total_employees": 4,
      "filing_date": "2022-04-06"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 352674585.0,
      "total_employees": 5,
      "filing_date": "2023-03-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 341413738.0,
      "total_employees": 5,
      "filing_date": "2024-03-21"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 380976522.0,
      "total_employees": 6,
      "filing_date": "2025-03-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1367476939.0,
      "total_employees": 6,
      "filing_date": "2026-07-28"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $380,976,522 to $1,367,476,939 (+259%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$100,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $100,000"
        ],
        "quotes": [
          "The Adviser typically requires that a client invests a minimum of $100,000 to open an account and to maintain a minimum account size of $100,000 for separate accounts."
        ]
      }
    ],
    "quotes": [
      "The Adviser typically requires that a client invests a minimum of $100,000 to open an account and to maintain a minimum account size of $100,000 for separate accounts."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "Pershing Advisor Solutions LLC",
      "name_as_filed": "PERSHING ADVISOR SOLUTIONS LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/aegis-financial-corporation-mclean-va-111587.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 19,
      "fewer_than_5": false,
      "raum": 9953314.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 9,
      "fewer_than_5": false,
      "raum": 34862305.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 1310350746.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 12310574.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/111587",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}