Boston, MA 05/20/2013 (wallstreetpr) – Friday’s trading session saw Investors Capital Holdings Ltd (NYSEMKT:ICH) climbing up by 12.85%. It opened at a price of $3.18 which reached an intraday high of $3.60 before heading down to close at $2.96 per share. In excess of 0.235 million shares exchanged hands in the previous trading session. This figure stood below the average volume of 0.776 million that was measured over a 30-day period.
ICH is a financial-services holding company. It primarily operates via Investors Capital Corporation (ICC), its subsidiary. Investors Capital Holdings Ltd (NYSEMKT:ICH) provides investors with investment advisory and broker-dealer services. It is an investment advisor and broker-dealer. ICH provides broker-dealer services to support investment and trading in various securities such as corporate bonds and stocks, municipal bonds, alternative investments, variable annuities, United States Government securities, mutual funds and variable life insurance.
This includes providing internet trading, market information as well as records management and portfolio tracking facilities. It also offers investment advisory services. These include asset management and conducting business as ICA’s or Investors Capital Advisory Services. ICH provides multiple investment products. It also provides technology, support and back-office services to a wide network of around 455 independently-registered representatives. Investment advisory fees and broker-dealer commissions represented the major part of the total revenues of the company in the financial year that ended 31 March 2012. It makes use of Pershing LLC’s services which is a Bank of New York Mellon subsidiary. These services are used on a fee-for-service basis. They provide clearing and processing of its brokerage securities transactions.
