{"url":"https://nivawealth.com/firms/income-and-asset-advisory-124955","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/124955","regulatoryAum":174837705,"crd":"124955","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5858371","suffix":null,"lastName":"NAIDORF","firstName":"MATTHEW","middleName":"SCOTT"},{"crd":"5631129","suffix":null,"lastName":"NEWMAN","firstName":"CATHERINE","middleName":"MARIE"},{"crd":"8220623","suffix":null,"lastName":"ORTIZ","firstName":"MICHAEL","middleName":"JOHN"},{"crd":"4130801","suffix":null,"lastName":"Ralston","firstName":"Derek","middleName":"Anthony"},{"crd":"1756279","suffix":null,"lastName":"WAXLER","firstName":"JASON","middleName":"DAVID"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-26","regulatoryAum":112696161,"clients":258,"employees":8,"offices":2},{"filedOn":"2022-03-28","regulatoryAum":124197330,"clients":258,"employees":8,"offices":2},{"filedOn":"2023-05-24","regulatoryAum":108872547,"clients":293,"employees":4,"offices":2},{"filedOn":"2024-03-15","regulatoryAum":116003615,"clients":303,"employees":4,"offices":2},{"filedOn":"2025-07-16","regulatoryAum":136061350,"clients":298,"employees":4,"offices":2},{"filedOn":"2026-08-19","regulatoryAum":174837705,"clients":287,"employees":5,"offices":2}],"secFileNumber":"801-69801","legalName":"Income & Asset Advisory, Inc.","displayName":"Income & Asset Advisory","slug":"income-and-asset-advisory-124955","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"New York corporation","fiscalYearEnd":"December","headquarters":{"street":"80 Business Park Drive, Suite 108","city":"Armonk","state":"NY","stateName":"New York","country":"United States","postalCode":"10504"},"tradeNames":["Katonah Capital Group"],"registration":{"secApproved":"2 January 2009","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":618533.9641577061,"staff":{"employees":5,"advisory":4,"brokerDealerReps":2,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":174837705,"discretionary":137833859,"discretionaryAccounts":509,"nonDiscretionary":37003846,"nonDiscretionaryAccounts":32,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":226,"regulatoryAum":61354433},{"label":"High-net-worth individuals","clients":53,"regulatoryAum":111216543},{"label":"Pension and profit-sharing plans","clients":4,"fewerThan5":true,"regulatoryAum":1463330},{"label":"Corporations and other businesses","clients":4,"fewerThan5":true,"regulatoryAum":803399}],"feePrograms":[{"role":"main","program":"Individualized Portfolio Management Fees","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1017332","versionId":1017332,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-11","documentName":"IAA FIRM BROCHURE","fee_rate_low":0.45,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Consulting Services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1017332","versionId":1017332,"submittedOn":"2026-03-11","documentName":"IAA FIRM BROCHURE"},{"role":"other","program":"Pension Consulting Services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1017332","versionId":1017332,"submittedOn":"2026-03-11","documentName":"IAA FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:45:01.22775+00:00","documents":[{"name":"IAA FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1017332","versionId":1017332,"submittedOn":"2026-03-11"}]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":132456479},{"name":"Ascensus Broker Dealer Services, LLC","shortName":"Ascensus Broker Dealer Services","location":"Newton, MA","smaAssets":31222604}],"custodyNote":"Income & Asset Advisory does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Jason Waxler","title":"Chief Compliance Officer","crd":"1756279"},{"name":"Derek Ralston","title":"Prinicpal","crd":"4130801"}],"ownership":[{"label":"Jason Waxler","detail":"Chief compliance officer in the 50% to 75% ownership band and a control person, since December 2024."},{"label":"Derek Ralston","detail":"Prinicpal in the 50% to 75% ownership band and a control person, since December 2024."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"New Jersey","offices":1,"addresses":[{"street":"161 North Franklin Turnpike Ste. 201","city":"Ramsey"}]},{"state":"New York","offices":1,"addresses":[{"street":"80 Business Park Drive, Suite 108","city":"Armonk","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"914-273-6800","stateRegisteredReps":5,"otherAdviserReps":2,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":22},{"label":"U.S. government/agency bonds","percent":2},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":67},{"label":"Cash and cash equivalents","percent":8}],"privateFunds":0},"sources":{"adv1FilingDate":"19 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/124955/PDF/124955.pdf","brochureDate":"11 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1017332","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Income & Asset Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Income & Asset Advisory offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Income & Asset Advisory charge?","answer":"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.","source":"IAA FIRM BROCHURE, filed 11 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Income & Asset Advisory use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Income & Asset Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Income & Asset Advisory invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Income & Asset Advisory?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Income & Asset Advisory get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Income & Asset Advisory?","answer":"Income & Asset Advisory’s main office is at 80 Business Park Drive, Suite 108, Armonk, NY 10504. Its phone number is 914-273-6800.","source":"Form ADV Part 1A, Item 1.F, filed 19 August 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}