<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM INVESTORS
CAPITAL HOLDINGS, LTD AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C> <C>
<PERIOD-TYPE> YEAR 3-MOS
<FISCAL-YEAR-END> MAR-31-2001 MAR-31-2001
<PERIOD-START> APR-01-1999 APR-01-2000
<PERIOD-END> MAR-31-2000 JUN-30-2000
<CASH> 844,603 669,672
<SECURITIES> 253,087 241,048
<RECEIVABLES> 1,845,254 1,992,515
<ALLOWANCES> 0 0
<INVENTORY> 0 0
<CURRENT-ASSETS> 3,308,333 3,180,304
<PP&E> 494,845 499,999
<DEPRECIATION> 97,094 114,765
<TOTAL-ASSETS> 3,869,276 3,774,511
<CURRENT-LIABILITIES> 1,833,036 1,593,521
<BONDS> 0 0
0 0
0 0
<COMMON> 31,628 31,628
<OTHER-SE> 1,988,612 2,109,362
<TOTAL-LIABILITY-AND-EQUITY> 3,869,276 3,774,511
<SALES> 0 0
<TOTAL-REVENUES> 22,888,022 7,591,920
<CGS> 0 0
<TOTAL-COSTS> 18,605,882 6,306,548
<OTHER-EXPENSES> 4,106,852 1,068,540
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 13,130 4,921
<INCOME-PRETAX> 243,230 235,373
<INCOME-TAX> 108,550 101,000
<INCOME-CONTINUING> 134,680 134,373
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 166,628 120,750
<EPS-BASIC> .04 .03
<EPS-DILUTED> .04 .03
</TABLE>