Investors Capital Holdings

www.investorscapital.com
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Investors Capital Holdings Reviews

Updated March 25, 2015
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Investors Capital Holdings President, CEO, and Director Tim Murphy
Tim Murphy
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Employee Reviews

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  1. Financial advisor and an indepent contractor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Freelancer - Financial Advisor in New York, NY
    Current Freelancer - Financial Advisor in New York, NY
    Recommends
    Positive Outlook

    I have been working at Investors Capital Holdings (More than 8 years)

    Pros

    Great home office support, technology platforms and no proprietary product pressure. High payouts for individual branches that pay their own expenses. Part of the second largest independent broker channel under the RSC Capital (RCAP) family of companies which includes a nationwide independent financial advice network, a wholesale distribution division and investment research, technology, investment banking and capital markets businesses.

    Cons

    No affordable healthcare benefits and very high ($3,700/year) required E & O insurance.


  2. boiler room/ low pay/stockbroker dying profession

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Broker Trainee in New York, NY
    Current Employee - Broker Trainee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Investors Capital Holdings full-time (More than a year)

    Pros

    Sponser you for your series 7

    Cons

    you will be cold calling for 9-10 hrs a day with maybe a 30-60 min break, prospecting for clients who dont need more financial advice, reading off a shitty script that rarely works anymore, get your lisence and jumpy ship asap to a wirehouse

    Advice to Management

    teach trainees financial side of being a broker, not just being a telemarketer reading off a script

    Investors Capital Holdings Response

    Nov 4, 2014 – CEO

    This review is not of Investors Capital, it is of an independent office that utilizes the services of Investors Capital that was terminated by ICC.


  3. Cold calling all day

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Stockbroker Intern in New York, NY
    Current Intern - Stockbroker Intern in New York, NY
    Doesn't Recommend
    No opinion of CEO

    I have been working at Investors Capital Holdings as an intern (Less than a year)

    Pros

    Looks good on resume, stipend for expenses

    Cons

    Sitting in a noisy room with a phone and millions of numbers and calling prospects with a pre-written pitch to sell stocks

    Advice to Management

    Teach interns something more than cold calling

    Investors Capital Holdings Response

    Aug 14, 2013 – CEO

    This review is not of Investors Capital, it is of an independent office that utilizes the services of Investors Capital that was terminated by ICC.


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  5. Helpful (1)

    Very stressful overall and poor help from upper management.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in New York, NY
    Current Employee - Financial Consultant in New York, NY
    Doesn't Recommend

    Pros

    Ability to work independently as well as on a team. Ability to conduct own research on various types of investments.

    Cons

    This company provides little to no benefits at all (Health, dental...) and the office in the new york firm is a miserable place to conduct business. 100% cold-calling for bringing in new business!

    Advice to Management

    I would suggest getting an office upgrade/make-over and try to expand business by other means than cold-calling. I would also consider increasing salary to recruit/maintain more talent.

    Investors Capital Holdings Response

    Aug 14, 2013 – CEO

    This review is not of Investors Capital, it is of an independent office that utilizes the services of Investors Capital that was terminated by ICC.



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