Timothy B. Murphy

TIMOTHY B. MURPHY is Chief Financial Officer and Executive Vice
President of Investors Capital Holdings. Mr. Murphy is a Founder of
Investors Capital Holdings, and has served as President of Investors
Capital Corporation since August 1994 and President of Eastern Point
Advisors, Inc., since January 1995, both of which are subsidiaries of
Investors Capital Holdings. Mr. Murphy entered the securities industry
in May 1991 as an Operation Manager, assisting brokers in the Boston
regional office of Clayton Securities. From February through August
1994, he was a Compliance Officer of Baybanks Brokerage in Burlington,
Massachusetts, and a Vice President at G.R. Stuart & Company, a
brokerage firm located in Maynard, Massachusetts. Mr. Murphy earned a BS
in Finance from Babson College. He holds various securities licenses,
including Series 4, 7, 24, 27, 53, 63, and 65. Mr. Murphy is a member of
the New England Securities Compliance Group and a past member of the
National Society of Compliance Professionals.