{"url":"https://nivawealth.com/firms/income-focus-portfolio-management-165477","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/165477","regulatoryAum":362464641,"crd":"165477","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"3107755","suffix":null,"lastName":"ELAN","firstName":"DAVID","middleName":"N"},{"crd":"7162737","suffix":null,"lastName":"Griffin","firstName":"Arik","middleName":"B."},{"crd":"2458321","suffix":null,"lastName":"MILLET","firstName":"ELIZABETH","middleName":"WATSON"}],"total":3,"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":"2021-02-04","regulatoryAum":184290973,"clients":193,"employees":3,"offices":1},{"filedOn":"2022-07-12","regulatoryAum":224586776,"clients":216,"employees":3,"offices":1},{"filedOn":"2023-02-08","regulatoryAum":245027247,"clients":259,"employees":3,"offices":1},{"filedOn":"2024-04-10","regulatoryAum":293505826,"clients":281,"employees":3,"offices":1},{"filedOn":"2025-01-29","regulatoryAum":334115686,"clients":272,"employees":3,"offices":1},{"filedOn":"2026-02-12","regulatoryAum":362464641,"clients":306,"employees":3,"offices":1}],"secFileNumber":"801-77168","legalName":"Income 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Portfolios","feeBasis":"whole_balance","fee_tiers":[{"to":null,"pct":0.36,"from":0}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1008433","versionId":1008433,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-02-12","documentName":"INCOME FOCUS ADV BROCHURE","fee_rate_low":0.36,"fee_rate_high":0.36,"fee_negotiable":null,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T09:46:44.198038+00:00","documents":[{"name":"INCOME FOCUS ADV BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1008433","versionId":1008433,"submittedOn":"2026-02-12"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":180235476},{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":178921671}],"custodyNote":"Income Focus Portfolio Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"David Elan","title":"Chief Compliance Officer / Managing Member","crd":"3107755"}],"ownership":[{"label":"David Elan","detail":"Chief compliance officer / managing member in the 75% or more ownership band and a control person, since September 2012."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Wyoming","offices":1,"addresses":[{"street":"1110 Maple Way","city":"Jackson","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"307-733-5100","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":48},{"label":"U.S. government/agency bonds","percent":5},{"label":"U.S. state and local bonds","percent":18},{"label":"Non-investment grade corporate bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":16},{"label":"Cash and cash equivalents","percent":10}],"privateFunds":0},"sources":{"adv1FilingDate":"12 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/165477/PDF/165477.pdf","brochureDate":"12 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1008433","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 Focus Portfolio Management have?","answer":"Income Focus Portfolio Management has 306 clients and manages $362 million for them, as of February 2026. They include 213 individual clients, 83 high-net-worth individuals, and 7 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 12 February 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Income Focus Portfolio Management offer?","answer":"Income Focus Portfolio Management provides portfolio management for individuals and small businesses and portfolio management for institutions.","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 Focus Portfolio Management charge?","answer":"Income Focus Portfolio Management charges 0.36% a year for its Managed Portfolios. The whole portfolio is charged at the rate of its band. The fee is billed in arrears.","source":"INCOME FOCUS ADV BROCHURE, filed 12 February 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Income Focus Portfolio Management use?","answer":"Income Focus Portfolio Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $180M and Fidelity Brokerage Services LLC (Boston, MA), with $179M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 February 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Income Focus Portfolio Management have?","answer":"Income Focus Portfolio Management has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Focus Portfolio Management invest in?","answer":"At the end of its last fiscal year, Income Focus Portfolio Management’s separately managed accounts held 48% exchange-traded equities, 18% state and local bonds, 16% registered funds (mutual funds, ETFs, BDCs), 10% cash and equivalents, 5% U.S. government and agency bonds and 3% high-yield corporate 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 Focus Portfolio Management?","answer":"Income Focus Portfolio Management’s direct owner is David Elan (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 12 February 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Income Focus Portfolio Management get paid?","answer":"Income Focus Portfolio Management is paid through a percentage of assets under management. 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 Focus Portfolio Management?","answer":"Income Focus Portfolio Management’s main office is at 1110 Maple Way, Jackson, WY 83001. Its phone number is 307-733-5100. Its website is incomefocus.com.","source":"Form ADV Part 1A, Item 1.F, filed 12 February 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."}