Investors Capital Advisory Reaches $1 Billion Milestone
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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV