Income & Asset Advisory provides portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Income & Asset Advisory reports 287 clients. They include 226 individual clients, 53 high-net-worth individuals, and 4 pension and profit-sharing plans. Of its assets, 78.8% ($138M across 509 accounts) are managed with discretion; $37M across 32 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 35% |
| High-net-worth individuals | 18% | 64% |
| Pension and profit-sharing plans | 1% | <1% |
| Corporations and other businesses | 1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 226 | $61.4M | 35.1% | $271K |
| High-net-worth individuals | 53 | $111M | 63.6% | $2.1M |
| Pension and profit-sharing plans | Fewer than 5 | $1.46M | 0.8% | $366K |
| Corporations and other businesses | Fewer than 5 | $803K | 0.5% | $201K |
| Total | 287 | $175M | 100% | — |
- Clients
- 226
- Regulatory AUM
- $61.4M
- AUM share
- 35.1%
- Avg. per client
- $271K
- Clients
- 53
- Regulatory AUM
- $111M
- AUM share
- 63.6%
- Avg. per client
- $2.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.46M
- AUM share
- 0.8%
- Avg. per client
- $366K
- Clients
- Fewer than 5
- Regulatory AUM
- $803K
- AUM share
- 0.5%
- Avg. per client
- $201K
Total
- Clients
- 287
- Regulatory AUM
- $175M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Income & Asset Advisory charges 0.45%–1.25% a year for its Individualized Portfolio Management Fees. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Consulting Services
- Flat or hourly fee set by the nature and complexity of the engagement; hourly work is billed at $250 per hour, and fees typically range from $250 to $2,000.
- Pension Consulting Services
- Fixed fee of 0.25% to 1.50% of plan assets, depending on the services requested and the size of the plan, payable in arrears monthly.
Jason Waxler owns 50% to 75% of Income & Asset Advisory. The leadership team of Income & Asset Advisory includes Chief Compliance Officer Jason Waxler. It has 5 employees, 4 of them in advisory roles.
Staff
- 5 employees
- 4 in advisory functions
- 5 state-registered reps
- 2 broker-dealer reps
- 2 insurance agents
- Owns 50% to 75% of Income & Asset Advisory, Inc.
Jason Waxler
Control person · since December 2024
- Owns 50% to 75% of Income & Asset Advisory, Inc.
Derek Ralston
Control person · since December 2024
Income & Asset Advisory’s regulatory assets grew 1.6× from $113M (March 2021) to $175M (August 2026); clients rose from 258 to 287 and employees fell from 8 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $175M | 287 | 5 | 2 |
| Jul 2025July 2025 | $136M | 298 | 4 | 2 |
| Mar 2024March 2024 | $116M | 303 | 4 | 2 |
| May 2023May 2023 | $109M | 293 | 4 | 2 |
| Mar 2022March 2022 | $124M | 258 | 8 | 2 |
| Mar 2021March 2021 | $113M | 258 | 8 | 2 |
Besides its headquarters, Income & Asset Advisory has 1 office, with 2 listed addresses across 2 states.
New Jersey · 1 listed address
- 161 North Franklin Turnpike Ste. 201, Ramsey
New York · 1 listed address
- 80 Business Park Drive, Suite 108, ArmonkHQ
Other business names
Income & Asset Advisory has reported 1 other business name to the SEC.
- Katonah Capital Group
Contact and registration details
- Legal name
- Income & Asset Advisory, Inc.
- Headquarters
- 80 Business Park Drive, Suite 108, Armonk, NY 10504
- Website
- Not reported
- Phone
- 914-273-6800
- SEC file
- 801-69801
- Structure
- New York corporation
- Fiscal year end
- December
Income & Asset Advisory’s named custodians for separately managed accounts are Fidelity ($132M, 81%) and Ascensus Broker Dealer Services ($31.2M, 19%). Income & Asset Advisory does not have custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $132M81%
- Ascensus Broker Dealer ServicesAscensus Broker Dealer Services, LLC · Newton, MA · $31.2M19%
At year end, Income & Asset Advisory’s separately managed accounts were mostly in funds (67%) and stocks (22%).
What the accounts hold
- Stocks22%
- Funds67%
- Bonds3%
- U.S. government and agency bonds2%
- State and local bonds1%
- Cash8%
How many clients does Income & Asset Advisory have?
Income & Asset Advisory has 287 clients and manages $175 million for them, as of August 2026. They include 226 individual clients, 53 high-net-worth individuals, and 4 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 August 2026
What services does Income & Asset Advisory offer?
Income & Asset Advisory provides portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Income & Asset Advisory charge?
Income & Asset Advisory charges 0.45%–1.25% a year for its Individualized Portfolio Management Fees. The fee is billed in arrears and is negotiable.
Which custodians does Income & Asset Advisory use?
Income & Asset Advisory’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $132M and Ascensus Broker Dealer Services, LLC (Newton, MA), with $31.2M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 August 2026
How many financial advisors does Income & Asset Advisory have?
Income & Asset Advisory has 5 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Income & Asset Advisory invest in?
At the end of its last fiscal year, Income & Asset Advisory’s separately managed accounts held 67% registered funds (mutual funds, ETFs, BDCs), 22% exchange-traded equities, 8% cash and equivalents, 2% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Income & Asset Advisory?
Income & Asset Advisory’s direct owners are Jason Waxler (50% to 75%) and Derek Ralston (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 19 August 2026
How does Income & Asset Advisory get paid?
Income & Asset Advisory is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Income & Asset Advisory?
Income & Asset Advisory’s main office is at 80 Business Park Drive, Suite 108, Armonk, NY 10504. Its phone number is 914-273-6800.
