What you should know.
We profoundly appreciate our clients’ business. If you’re not currently with
us, we look forward to having the honor, pleasure, and privilege of serving you
as an Investors Capital client at some point in the near future.
As an existing, new or prospective client, you may have some questions regarding
Investors Capital. We hope the information below is helpful and that you will feel
free to contact us at 800-949-1422 any time for further information.
- What is Investors Capital Corporation?
Investors Capital Corporation (ICC) is the dually-registered independent Broker/Dealer
and Investment Advisory firm of Investors Capital Holdings, Ltd. (NYSE: Amex ICH).
Founded in 1992, and headquartered in Lynnfield, Mass., ICC is registered to conduct
business in all 50 states, Puerto Rico, and the District of Columbia through a network
of approximately 550 financial advisors.
- What is a Broker/Dealer?
A Broker/Dealer is a company/organization that trades securities for its own
account or on behalf of its customers. When executing trade orders on behalf of
a customer, the institution is said to be acting as a broker. When executing trades
for its own account, the institution is said to be acting as a dealer.
- How do Broker/Dealers benefit investment professionals
and their clients?
Broker/Dealers help its investment professionals with support services, technology,
and business resources. This saves your investment professional time and allows
him/her to focus on you and your financial objectives.
- Why do investment professionals choose Investors
With Investors Capital Corporation, your investment professional can provide
you with objective advice, free of bias. ICC does not impose sale quotas and conducts
valuable independent research to continually improve our technology, communications
and level of service.
- The economy is always changing. Will Investors
Capital be around tomorrow?
At Investors Capital, we’ve been delighting our advisors and their clients with
our 5-star service and our warm culture since 1992, and we hope to continue to do
so for many, many years to come. We love our work, we love the industry we’re in,
and we would never do anything to consciously jeopardize our success, our brand,
or the well-being of our advisors and their clients. We’ve been a part of the investment
landscape for the past 18 years and, with prudent leadership and long-term vision,
we hope to be around for many more.
- Who is Pershing LLC?
Pershing LLC is our clearing firm that handles our trades, settlement, and delivery
of stocks and securities (see next question). Founded in 1939, Pershing has over
$715.8 billion* in assets in custody and serves approximately 1,150* Broker/Dealers
and money managers worldwide. Pershing is the trusted choice of more financial organizations
than any other firm in the industry, with an unmatched track record of experience
and reliability. The firm is named for its founder, Warren “Jack” Pershing, the
only son of celebrated World War I General of the Armies, “Black Jack” Pershing.
Pershing LLC is a subsidiary of The Bank of New York Mellon Corporation.
*As of 8/4/2010
- What is a clearing firm?
Investors Capital clears through Pershing LLC, a division of Bank of New York
Mellon. A financial clearing firm, also called a clearing house, is a financial
organization that handles trades, settlement, and delivery of stocks and securities.
A clearing firm is usually a member of all the national stock exchanges, such as
New York Stock Exchange and NASDAQ, which allows it to place trades, settle accounts,
and match real-time buyers and sellers of securities. Many smaller investment firms
do not have the capability to execute stock trades on their own, so they go through
a clearing firm to conduct the business for their clients. Hence, the terminology:
"clear" through a clearing firm. Some firms have their own clearing operations and
can clear their own trades. They are called “self-clearing”.
- Who is The Bank of New York Mellon?
The Bank of New York Mellon Corporation is the parent company for Pershing LLC.
It is also the world’s leading provider of securities services and a top, global
asset management firm, with $19.5 trillion* in assets in custody and $881 billion*
in assets under management.
* As of 8/4/2010
- What is SIPC, and how does it protect my investments?
Through SIPC (Securities Investor Protection Corporation), your account at Investors
Capital Corporation will be protected up to $500,000 per customer, of which $250,000
may be cash claims. This protects your account if a SIPC firm fails financially
and is unable to meet its obligations; however, it does not protect against market
value losses. To obtain more specific information, please visit
For more information, please visit the following sites:
Disclaimer: The Investors Capital (ICC) Web Site contains
links to third party web sites which are not affiliated with ICC. ICC has not been
involved in the preparation of the content supplied on the unaffiliated site and
does not guarentee or assume any responsibility for its content.
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