News Details

Gifted Investment Strategist Joins Eastern Point Advisors Mutual..

2004/12/22 13:10:33

Fund Board  LYNNFIELD, Mass., Dec 22, 2004 (BUSINESS WIRE) -- Eastern Point Advisors, Inc., the investment advisory subsidiary of Investors Capital Holdings (AMEX: ICH), today announced that Marshall Acuff was recently welcomed as the newest member of Eastern Point Advisors Funds Trust board of trustees. Eastern Point Advisors will be able to leverage Mr. Acuff's extensive experience as a financial strategist and analyst to set direction for the Advisors' two mutual funds, the Eastern Point Advisors Rising Dividend Growth Fund (ICRDX) and the Eastern Point Advisors Twenty Fund (ICTWX).  Mr. Acuff, who presently serves as the head of the AMA Investment Counsel, built his prestigious career with Salomon Smith Barney from 1966-2001. While at Salomon Smith Barney, Mr. Acuff became the first individual on Wall Street to be designated portfolio strategist and established himself as a key contributor rising to the position of senior vice president and managing director during his tenure with the company.  A fellow of the Association for Investment Management & Research, Mr. Acuff is a member of the CFA Institute and the New York Society of Security Analysts.  Mr. Acuff is thirteen-time appointee to Institutional Investor Magazine's All-American Team and a regular participant in advanced investment seminars at Harvard and Princeton. He is frequently quoted by the media and has appeared on CNN, NBC, ABC, NKK, BBC and CNBC. He has also served as a columnist for Barron's, Forbes, Nikkei-Japan Economic Journal and the Handelsblatt (Germany's premiere business and financial daily newspaper).  A graduate of College of William & Mary with a graduate degree in business from the University of Michigan, Mr. Acuff maintains relationships with several foundations.  "We are very pleased by the addition of Marshall Acuff to the Eastern Point Advisors Funds Trust," said L. Gregory Gloeckner, president of Eastern Point Advisors. "Marshall is an impressive investment strategist who continuously lectures on the value of dividends. His depth of experience will be welcomed as we continue to grow our Rising Dividend Growth Fund and our Twenty Fund."  About Eastern Point Advisors  Eastern Point Advisors offers fee-based customizable money management programs, and is the advisor to Eastern Point Advisors Twenty Fund (ICTWX) and Eastern Point Advisors Rising Dividend Growth Fund (ICRDX). The Twenty Fund is comprised of 20-30 mid- to large-cap companies primarily of U.S. origin. The Rising Dividend Growth Fund only invests in publicly traded securities, with a focus on common stocks that have increased their dividends annually for a minimum of 10 percent per year for at least 10 years. For more information, please call (800) 462-4610, or visit www.easternpoint.com.  About Investors Capital Holdings  Investors Capital Holdings (AMEX: ICH), of Lynnfield, Mass., is a diversified financial services company founded to meet the consumers' needs in today's financial markets. The company owns and operates Investors Capital Corporation, Eastern Point Advisors, Inc., and ICC Insurance Agency, Inc.. Investors Capital Corporation is a nationally recognized, independent broker-dealer comprised of approximately 900 experienced financial professionals located throughout the United States.  Eastern Point Advisors, is a registered investment advisory firm managing portfolios for individual and institutional clients, as well as the advisor to Eastern Point Advisors Twenty Fund and Eastern Point Advisors Rising Dividend Growth Fund. ICC Insurance Agency, Inc. is geared toward helping independent brokers develop their life, disability, long-term care, and health insurance businesses, and provides brokers with access to multiple insurance carriers and products.  For more information, please call (800) 949-1422 or visit www.investorscapital.com.  Certain statements contained in this press release, which are not historical fact, may be deemed to be forward-looking statements under federal securities laws. There are many important factors that could cause Investors Capital Holdings and its subsidiaries' actual results to differ materially from those indicated in the forward-looking statements. Such factors include, but are not limited to, general economic conditions, including interest rate risk, regulatory changes (legislative or otherwise) affecting the financial services industry, competition, demand for Investors Capital Holdings and its subsidiaries' services, availability of funding, and other risks identified in Investors Capital Holdings' Securities and Exchange Commission filings.  For a prospectus containing more complete information, including charges, expenses, risks, and investment objective, or for updated performance call (800) 949-1422. Please read the prospectus carefully before investing or sending money.  Investors Capital Corporation, Lynnfield, Massachusetts, Distributor.  SOURCE: Investors Capital Holdings  CONTACT: Investors Capital Holdings  Darren Horwitz  Manager, Corporate Communications  781-593-8565 ext. 261  E-mail: dhorwitz@investorscapital.com  Copyright (C) 2004 Business Wire. All rights reserved.  -0-  KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: BANKING  MANAGEMENT  CHANGES  Copyright  Business  Wire  2004  22-Dec-2004 13:10