Investors Capital Corporation (ICC), the premier independent broker/dealer of Investors Capital Holdings, Ltd. (NYSE MKT: ICH), is proud to announce that it has been voted Broker/Dealer of the Year for 2013, Division III, by Investment Advisor magazine. Investors Capital garnered the highest ratings in online surveys submitted by its financial advisors to win the honor in its division—broker/dealers between 500 to 999 producing advisors in size. This is Investors Capital’s fourth Broker/Dealer of the Year award, its previous wins having occurred in 2000, 2001, and 2011.
Advisors rated their broker/dealers on a scale of 1 (best) to 5 (worst) in 15 different categories, including an overall rating. The categories included compliance, due diligence, back-office support, training, marketing support, trading, clearing services, product list, management, payout, timely payment of commissions, technology support, communication with the home office, and fee programs. The broker/dealer that received the highest average rating from its voting financial advisors won Broker/Dealer of the Year in its division. Voting took place at thinkadvisor.com from June 1, 2013 through July 1, 2013. This is Investment Advisor magazine’s twenty-third year conducting the awards.
Investors Capital Corporation is the industry’s sole publicly traded independent broker/dealer beneficially owned predominantly by its advisors, clients, and home office staff. The firm has a strong, growing nationwide network of financial advisors with an average annual production of nearly $200,000 in gross dealer concessions (GDC) — the highest level since the firm was founded in 1992. Investors Capital recorded its highest first quarter revenue results in firm history in fiscal year 2013.
“Being voted broker/dealer of the year is very special to everyone here in our home office, and we’d like to thank our wonderful advisors for taking time out of their busy days to cast the votes that propelled us to victory,” said Tim Murphy, President and CEO of Investors Capital Corporation. “Winning this prestigious award is another example of what makes Investors Capital the ideal destination for financial advisors seeking to receive 5-Star Service every day, receive real practice management assistance proven to generate revenue, control their own destinies, and experience what true independence is really like.”