Investment Committee

Over 22 years of successful sales and marketing a variety of investment products including mutual funds, separately managed accounts and annuities through multiple distribution channels.

As Investment Strategist and the Investment Committee Chairperson, Ken evaluates and reviews the current macro economic data, geo-political events and investment committee notes, ultimately implementing our managed mutual fund and ETF models as well as directing both the Strategic and Tactical asset allocations for our advisors. Currently ICAS has $855 million Assets Under Management.

Additional responsibilities include marketing & selling all of Investors Capital Advisory programs, the Biondo Growth Fund, The Rising Dividend Growth Fund and overseeing all of the firms Outside Third Party Advisory programs.

Ken recently has been featured in Investment News and Investment Advisor magazine and asked to be a panelist at the 10^th annual Financial Advisor Symposium in Chicago.

Mr. Calvo directs all investment strategies for Calvo Funds, LLC and was previously the Director of Global Fixed Income at Franklin Templeton Investments. At Franklin Mr. Calvo directed all global macroeconomic and fixed income research and investments.

While at Franklin Alex also served as a member of Franklin Templeton’s Global Economic Committee and Global Asset Allocation Committee and was responsible for global macroeconomic analysis, with a focus on currencies, interest rates and sovereign credit analysis of developed and emerging market countries.

Flagship funds managed by Mr. Calvo included the Templeton Global Bond Fund, Templeton Global Income Fund, and Templeton Emerging Market Income Fund. Alex"s funds received 5-Star ratings from Morningstar and S&P, and consistently ranked in the top quartile by Lipper and Micropal.

Mr. Calvo received The World Bank’s/University of Sao Paulo Macroeconomic Policymaking Certificate, as well as Standard & Poors Credit Analysis Certification. He also holds the Investment Management Certificate from the Investment Management Authority (IMRO) in the U.K.

As a former NY Federal Reserve Economist and Chief Economist/Head of Research for Chase Bank, Dr. Lieberman brings a unique macroeconomic approach to investing, specializing in All Cap investing, designed to grow income substantially over time. Dr. Lieberman’s contrarian approach of buying growth at a deep discount adds a new element to the committee as it seeks to broaden its view of micro and macro economic policy. Dr. Lieberman will provide tremendous insight on fixed income, distressed stocks / markets and alternative investing.

Dr. Lieberman is frequently quoted in the media. He has appeared often on Bloomberg and is frequently quoted by Barron’s and The Wall Street Journal.

As an MBA from Harvard and a Large Cap Growth & Income specialist, Tom provides the Investment Committee with economic and geo-political analysis and their effects on large cap value and growth companies.

Tom is currently the lead portfolio manager for The Rising Dividend Growth Fund as well as for the Dividend Growth Advisors Separate Accounts. Tom manages in excess $400 million in Assets Under Management.

Prior to creating Dividend Growth Advisors, Tom managed the Sovereign Investors Fund, receiving numerous accolades and was recognized by Morningstar, Lipper and other financial analytical evaluators for his simple investment strategy that produced consistent performance.

Tom was also recognized by Forbes as the grandfather of dividend investing for being the first to focus on dividends as a strategy to evaluate companies.

Chairman of the Trustees Investment Fund of the Philadelphia Stock Exchange.

Prior to founding ValueWorks, Charles was a partner and CIO at M&R Capital, an independent Investment Advisory Firm. Responsible for the investment process there, Charles brought his asset-based value approach to the firm when he joined in 1999. This was a discipline originally developed at Sterling Advisors, an investment advisory unit of Gruntal & Co., where Charles was Managing Director from 1995. Charles began his career at Gruntal in the research department in 1986. In nearly a decade of research coverage, he followed Risk Arbitrage transactions, the banking industry, Special Situations, and spearheaded the addition of High Yield Bonds and Distressed Securities to the department’s coverage area.

Charles received his CFA designation in 1989 and is a member of the New York Society of Security Analysts. Charles is a regular contributor to the financial media and makes frequent television appearances on CNBC, Bloomberg Television and CNNfn.

David has over 19 years of investment management and securities analysis experience. David is the Chief Investment Officer of Forward Management and serves as the lead portfolio manager and investment analyst for Forward Management’s Global Dividend, International Dividend and U.S. Dividend Strategies. Forward Management assets under management currently total over $3 Billion.

Prior to joining Forward Management, David served as Chief Investment Officer for London Pacific Advisors where he designed the investment approach for Global Dividend and chaired the LPA Investment Policy Committee.

David graduated magnum cum laude from Iowa State University and earned a Chartered Financial Analyst in 1994 and is currently a member of the CFA Institute and the Security Analysts of San Francisco. David served as President and director for the Security Analysts of Sacramento from 1998 through 2001.

Greg has over 30 years of investment and financial experience. Greg is a nationally recognized provider of investment advisory services specializing in convertible bonds and principal protected products. He has directed the limited Risk Investing philosophy of Wellesley Investment Advisors for over 15 years with the primary goal of principal protection combined with investment growth.

Greg began his career with PricewaterhouseCoopers, an international accounting and consulting firm. Subsequently, he formed his own CPA firm, and for 25 years provided a broad range of financial and consulting services to established businesses, professionals, and executives. In 1991, he formed Wellesley Investment Advisors in response to increased demand for investment advice from clients.

Greg graduated from Boston University with a B.S. degree in Business Administration, and holds a Master’s of Business Administration in Finance with High Distinction from Babson College. Greg lectures frequently and has written several articles for financial publications including Institutional Investor, The Wall Street Transcript, Investment Advisor Magazine, the National Association of Active Investment Managers, and Forbes.com and BusinessWeek.

Richard has over 23 years of securities industry experience. He began his career at Putnam Investments in 1984, and then continued in Keyport Life Insurance in sales. He has since been a financial advisor for Smith Barney where he honed his skills in market analysis, economic theory, and asset allocation strategy. He has also worked for American Skandia, Travelers, and MetLife.

As a Senior Research Analyst, Richard applies his knowledge and experience to assisting Ken in reviewing current map models, researching potential new funds, and advising on asset allocation mixes. In addition, he interviews and writes the quarterly Investment Committee report, and works closely with the separate account managers who provide valuable insight to Investors Capital investment decisions.