DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Investors Capital Advisory

Former SEC-registered adviserLynnfield, MassachusettsCRD 30613SEC 801-62341IAPD
Legal name Investors Capital Corp.
Latest filing Oct 5, 2016
First filing on the tape Dec 5, 2011 · 27 filings
RAUM
$1.6B
reported, Item 5.F
Discretionary
86%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
325
313 advisory (5.B.1)
Offices
n/a
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$1.6B as of Mar 30, 2016
Mar 30, 2012$884M then
HNW client RAUM: no history
State-registered IARs (5.B.3)324 as of Mar 30, 2016
Mar 30, 20120 then
Employees (5.A)325 as of Mar 30, 2016
Jun 17, 2013530 then
Private funds: no history
RAUM +1.5% over the last fiscal year+21% a year over threeIARs 365 to 324
Practice profile
derived from the filing of Oct 5, 2016; every figure names its basis
RAUM per advisor
$4.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$197,401derivedRAUM over accounts (5.F.2.f)
Discretionary
86%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
54.0derived6 offices incl. principal (1.F.5)
RAUM growth, one year
+1.5%derivedbetween the last two annual amendments
Advisor growth, one year
-11%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
Ownership
controlled by a public reporting companyderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a broker-dealer (6.A.1)
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
7,960reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Adam Nicholas Antoniades · Directorcontrol
      since 07/2016 · owns less than 5%
    • Bernard Andre Breton · Bd Chief Compliance Officercontrol
      since 01/2016 · owns less than 5%
    • Brett Lamar Harrison · Directorcontrol
      since 07/2016 · owns less than 5%
    • Timothy Boyle Murphy · Presidentcontrol
      since 07/2016 · owns less than 5%
    • Gregory Alan Olson · Secretarycontrol
      since 07/2016 · owns less than 5%
    • Mark Paul Shelson · Treasurercontrol
      since 07/2016 · owns less than 5%
    • Stanley Robert Smiley · Vice Presidentcontrol
      since 07/2016 · owns less than 5%
    Entity owners
    • Aretec Group, Inc. · Sole Member
      indirect · owns 75% or more of Investors Capital Holdings, LLC
    • Investors Capital Holdings, LLC · Owner
      direct · owns 75% or more · public reporting company
    Related persons
    Schedule D 7.A
    Advisers that list Investors Capital Advisory as a related person
    Offices
    Schedule D 1.F, the 25 largest
    • Fall River, MA
    • Framingham, MA
    • Horsham, PA
    • Waterville, ME
    • Worcester, MA
    What changed
    consecutive filings, newest first
    • Accounts · 7,398 to 7,960
      Feb 9, 2016 to Mar 30, 2016
    • Advisory employees · 365 to 313
      Feb 9, 2016 to Mar 30, 2016
    • BD registered reps · 475 to 325
      Feb 9, 2016 to Mar 30, 2016
    • Employees · 590 to 325
      Feb 9, 2016 to Mar 30, 2016
    • Insurance-licensed employees · 40 to 135
      Feb 9, 2016 to Mar 30, 2016
    • State-registered IARs · 365 to 324
      Feb 9, 2016 to Mar 30, 2016
    • Discretionary RAUM · $1.3B to $1.3B
      Feb 9, 2016 to Mar 30, 2016
    • Non-discretionary RAUM · $235M to $225M
      Feb 9, 2016 to Mar 30, 2016
    • RAUM · $1.5B to $1.6B
      Feb 9, 2016 to Mar 30, 2016
    • Accounts · 6,710 to 7,398
      Mar 31, 2015 to Mar 31, 2015
    • Advisory employees · 350 to 365
      Mar 31, 2015 to Mar 31, 2015
    • Advisory activities · 5 to 6
      Mar 31, 2015 to Mar 31, 2015
    • BD registered reps · 540 to 475
      Mar 31, 2015 to Mar 31, 2015
    • Commission compensation · true to false
      Mar 31, 2015 to Mar 31, 2015
    • Employees · 540 to 590
      Mar 31, 2015 to Mar 31, 2015
    • State-registered IARs · 350 to 365
      Mar 31, 2015 to Mar 31, 2015
    • Discretionary RAUM · $1.2B to $1.3B
      Mar 31, 2015 to Mar 31, 2015
    • Non-discretionary RAUM · $217M to $235M
      Mar 31, 2015 to Mar 31, 2015
    • RAUM · $1.4B to $1.5B
      Mar 31, 2015 to Mar 31, 2015
    • Related adviser · false to true
      Jun 30, 2014 to Oct 3, 2014
    • Accounts · 5,843 to 6,710
      Mar 11, 2014 to Jun 30, 2014
    • Advisory employees · 340 to 350
      Mar 11, 2014 to Jun 30, 2014
    • BD registered reps · 530 to 540
      Mar 11, 2014 to Jun 30, 2014
    • Employees · 530 to 540
      Mar 11, 2014 to Jun 30, 2014
    • State-registered IARs · 340 to 350
      Mar 11, 2014 to Jun 30, 2014
    • Discretionary RAUM · $1.1B to $1.2B
      Mar 11, 2014 to Jun 30, 2014
    • Non-discretionary RAUM · $0 to $217M
      Mar 11, 2014 to Jun 30, 2014
    • RAUM · $1.1B to $1.4B
      Mar 11, 2014 to Jun 30, 2014
    • Related broker-dealer · false to true
      Mar 11, 2014 to Jun 30, 2014
    • Accounts · 5,630 to 5,843
      Feb 21, 2013 to Jun 17, 2013
    • Advisory employees · 330 to 340
      Feb 21, 2013 to Jun 17, 2013
    • Advisory activities · 7 to 5
      Feb 21, 2013 to Jun 17, 2013
    • BD registered reps · 546 to 530
      Feb 21, 2013 to Jun 17, 2013
    • Employees · 576 to 530
      Feb 21, 2013 to Jun 17, 2013
    • Insurance-licensed employees · 37 to 40
      Feb 21, 2013 to Jun 17, 2013
    • Financial planning clients · 101-250 to 251-500
      Feb 21, 2013 to Jun 17, 2013
    • State-registered IARs · 330 to 340
      Feb 21, 2013 to Jun 17, 2013
    • Discretionary RAUM · $884M to $1.1B
      Feb 21, 2013 to Jun 17, 2013
    • RAUM · $884M to $1.1B
      Feb 21, 2013 to Jun 17, 2013
    • Related adviser · true to false
      Feb 21, 2013 to Jun 17, 2013
    Signals
    No event on the tape.
    Across DFX
    shared identifiers only, never a name match
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026