Investors Capital Advisory (ICA), the registered investment advisor (RIA) division of Investors Capital Corporation, a subsidiary of Investors Capital Holdings, Ltd. (NYSE Amex: ICH), has exceeded $1 billion in assets under management (AUM). ICA briefly reached the $1 billion mark in August 2008 before the stock market declined due to a worsening economy.
ICA’s F-MAP (Fund Managed Account Program) wrap account program, also celebrated a milestone, exceeding $100 million in AUM. The assets in the F-MAP program are managed by ICA’s home office, unlike those of the A-MAP (Advisor Managed Account Program) program, which are managed by the customer’s individual advisor.
The rise in assets under management in late-2009 and 2010 resulted from an increase in Investors Capital registered representatives interested in working with clients on an advisory basis as well as an increase in asset values from more favorable market conditions. For the quarter ended December 31, 2009, ICH saw a 24.5% profit margin increase from advisory services compared to the year ago quarter.
The increase in advisory assets and margins also reflected contributions from the in-house separate account program (S-MAP) as well as the newly created Fund Select program .“The two main factors responsible for the success of our advisory programs are cost and performance,” said Kenneth H. Aulbach, ICA Investment Committee Chairperson and Managing Director, Sales and Marketing for Investors Capital Corporation. “By lowering the fees on our existing programs, creating new low-cost and no-cost programs, and managing our assets well, we attract many existing and new Investors Capital representatives to ICA.” Incorporated in 1995, Investors Capital Corporation provides its investment advisor representatives with a wide array of customizable advisory programs that help them solve complex client problems and allow them to focus on the most important aspect of a successful practice—the client relationship. About Investors Capital Holdings, Ltd.: Investors Capital Holdings, Ltd. (NYSE Amex: ICH) of Lynnfield, Massachusetts is a diversified financial services holding company that operates primarily through its independent broker/dealer and registered investment advisor subsidiary, Investors Capital Corporation. Our mission is to provide five-star service and support to our valued registered representatives, including advisory programs, strategic practice management and marketing services, and technology, to help them grow their businesses and exceed their clients’ expectations. Business units include Investors Capital Corporation, ICC Insurance Agency, Inc., and Investors Capital Holdings Securities Corporation. For more information, please call (800) 949-1422 x4814 or visit www.investorscapital.com.