Theodore Charles has been chairman of the board of Investors Capital Holdings since its inception in 1995. Investors Capital Holdings is traded on the American Stock Exchange (AMEX:ICH). Mr. Charles served on the board of directors of Revere Federal Savings Bank and was head of the compensation committee from 1997 to 2001. He also served on the Advisory Board of The Danvers Bank from 2001 to 2003. Mr. Charles was the president of the Shareholders Advisory Board of Life USA Insurance Company. He has served on the boards of numerous non-profit organizations and currently serves on the audit committee and the board of directors of Easter Seals of Massachusetts. A graduate of Ithaca College, Mr. Charles is a member of several professional associations, including the Securities Industry and Financial Markets Association and the National Association of Independent Broker Dealers. Mr. Charles holds various securities licenses, including the Series 7, 24, and 63 licenses, and is a licensed life insurance broker.