Financial Services >> CEO Interviews >> February 16, 2004

T.MURPHY / F.SEARS JR. – INVESTORS CAPITAL HOLDINGS (ICH)

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. Profile
FREDERICK F. SEARS JR. is the Portfolio Manager for the Twenty Fund, a four-star mutual fund (as rated by Morningstar in December 2003) sponsored by Eastern Point Advisors, Inc., a wholly owned subsidiary of Investors Capital Holdings. Mr. Sears launched the Twenty Fund in October 1999, shortly after he joined Eastern Point Advisors. He invests in common stocks of companies of any size, with special emphasis placed on mid-cap and large-cap companies that he believes demonstrate financial stability, strong earnings growth potential, dominant or strong market position, and proven leadership. Prior to Eastern Point Advisors, Mr. Sears founded Clermont Capital and the Clermont Fund, a hedge fund based on the AW Jones model. Mr. Sears has previously researched and analyzed companies for Culverwell & Company of Boston, a broker-dealer and investment banking company that specializes in small and micro-cap securities, and for FinNet, a Boston-based financial services firm. Mr. Sears has received extensive media coverage, participating in The Wall Street Journal's Dart Board Contest as well as appearing on over 75 television programs seen worldwide, including CNNfn, CNBC, Bloomberg, Reuters and FOX News. Mr. Sears is known for his down-to-earth and direct commentary about the market. He earned a BA in English from Boston University, and has participated in Boston University's MBA program. Profile
TWST: Please describe your business operation for us.

Mr. Murphy: Investors Capital Holdings is an American Stock Exchange-

listed company, symbol ICH. We have two distinct subsidiaries;