Investors Capital Holdings has announced that Timothy B. Murphy is its new president and chief executive office. He is also head of the firm’s independent broker-dealer and investment advisors – Investors Capital Corporation of Lynnfield, Mass., which has nearly 700 advisors. He was recently elected to these positions by the firm’s board of directors.
Theodore E. Charles, who had been serving as president and CEO, will remain chairman of the board. Mr. Murphy is also now president and CEO of the firm’s independent broker/dealer and investment advisor, Investors Capital Corporation of Lynnfield, Mass.