Investors Capital Advisory Services Adds Berkeley Capital Management CIO David Ruff to Investment Committee

Business Wire, March 12, 2008

LYNNFIELD, Mass. -- Investors Capital Advisory Services (ICAS), the Registered Investment Advisor of Investors Capital Holdings (AMEX: ICH), is pleased to announce the addition of Berkeley Capital Management Chief Investment Officer and Portfolio Manager David Ruff to its Investment Policy Committee.

Mr. Ruff, a magna cum laude Finance graduate from Iowa State University and a specialist in international dividend investing, brings over 19 years of investment management and securities analysis experience to the committee. He serves as the lead portfolio manager and investment analyst for Berkeley's Global Dividend, International Dividend and U.S. Dividend strategies. Mr. Ruff also acts as Berkeley Capital Management's Chief Investment Officer, directing investment policy for the firm. As of September 30, 2007, Berkeley Capital has over $4.1 billion in assets under management.

Prior to joining Berkeley, Mr. Ruff served as Chief Investment Officer for London Pacific Advisors where he designed the investment approach focusing on Global Dividends and chaired the LPA Investment Policy Committee.

"We see this as a great opportunity for our advisors to work with one of the brightest minds in our business, especially those advisors whose clients who would prefer international investing exposure and prefer to own individual securities rather than a cookie-cutter portfolio of mutual funds or ETFs," said Kenneth Aulbach, Investment Strategist and SVP of Advisory Product Distribution for ICAS.

About Investors Capital Advisory Services:

Investors Capital Advisory Services (ICAS) is the Registered Investment Advisor and fee-based platform of Investors Capital Holdings (AMEX: ICH), located in Lynnfield, Massachusetts. ICAS partners with more than 700 nationwide registered representatives of independent broker/dealer Investors Capital Corporation to provide them with the top-quality fee-based advisory services, support, products, and technology they need to meet their clients' needs and exceed their expectations.