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Technology > Investment Platforms > Turnkey Asset Management

Investors Capital Advisory Hits $1 Billion in AUM; ICA to Host First Women's Confab

By Janet Levaux

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Investors Capital Advisory now has more than $1 billion in assets under management (AUM).

Investors Capital Advisory is the RIA division of Investors Capital Corp., a subsidiary of Investors Capital Holdings. It previously reached the $1 billion mark in August 2008.

ICA’s Fund Managed Account Program, a wrap account program, has just exceeded $100 million in AUM, the company also reports. (Funds in the F-MAP program are managed by ICA’s home office rather than by individual advisors.)

“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,” the company said in a statement.

For the quarter ended December 31, 2009, the firm – which includes some 550 independent advisors – had a 24.5% profit margin increase from advisory services vs. the year-ago quarter.

With $1 billion in assets, the firm’s 551 advisors now average about $1.8 million in AUM.

The increase in advisory assets and margins includes contributions from the in-house separate account program (S-MAP) as well as the newly created Fund Select program, according to Investors Cap.

“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 Corp., in a press release. “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.”

Next week, Investors Capital will host its first annual women’s conference at the Langham Hotel in Boston. The May 17-18 conference will incorporate seminars and networking opportunities designed to empower Investors Capital’s female advisors.

“Investors Capital believes in supporting and encouraging our women advisors,” said Allison Charles, director of practice management.

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