Income & Asset Advisory, Inc. (Armonk)

Name: Income & Asset Advisory, Inc.
Address: 80 Business Park Drive, Suite 304, Armonk, NY, 10504
Telephone: 914-273-6800

Income & Asset Advisory, Inc. is a large advisory firm based in Armonk. It manages $97.31 million of regulatory assets for 461 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and 7 other states.

Income & Asset Advisory provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Income & Asset Advisory: assets under management

The assets under management (AUM) of Income & Asset Advisory, Inc. is $97.31 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $97.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $211.08 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in state and local bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Income & Asset Advisory, Inc. for their services and products based on a percentage of assets under management, hourly charges, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Income & Asset Advisory serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Income & Asset Advisory is individuals with 190 clients and $67.99 million of assets under management. Among the 8 most similar advisory firms, Income & Asset Advisory has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $97.08 million for 208 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Income & Asset Advisory doesn't advise any private funds.

Careers at Income & Asset Advisory, Inc.

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Patrick Mccauley	President, ceo, and chief compliance officer	1 Mar 2006	75% - 100%	325350
Eileen Mary Hawe	Vice president, chief investment officer	1 May 2006	Other	1468845
Kathryn Payne Beller	Chief compliance officer	1 Oct 2008	Other	5072413
Bryna Lynn Ortiz	Chief operations officer	1 Mar 2010	Other	5121502

Based in Armonk

The principal office where Income & Asset Advisory, Inc. performs its advisory services is located at 80 Business Park Drive, Suite 304, Armonk, NY 10504, which is also the mailing address of the firm. An additional office of the firm is in Ramsey, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-273-6800 or by fax 914-273-6806. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at theadvisory.com.