# Income & Asset Advisory, Inc.

> Income & Asset Advisory, Inc. is an SEC-registered investment advisory firm in Armonk, NY, registered since 2009, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 19, 2026.

- CRD: 124955
- Filed as: INCOME & ASSET ADVISORY, INC.
- Also doing business as: KATONAH CAPITAL GROUP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Armonk, NY
- Filing period: October 2026
- Form ADV filing dated: August 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/124955
- AdvisorCensus page: https://advisorcensus.com/firm/income-and-asset-advisory-inc-armonk-ny-124955

## Quick answers

**How is Income & Asset Advisory, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Income & Asset Advisory, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Income & Asset Advisory, Inc. located?**
Income & Asset Advisory, Inc.'s principal office is in Armonk, NY, according to its Form ADV; the September 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Income & Asset Advisory, Inc. registered with the SEC or a state?**
Income & Asset Advisory, Inc. is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 124955.

**How much does Income & Asset Advisory, Inc. manage?**
Income & Asset Advisory, Inc. reports $174,837,705 in regulatory assets under management in its Form ADV filing dated August 19, 2026 (79% discretionary).

**How have Income & Asset Advisory, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Income & Asset Advisory, Inc.: Regulatory assets under management: $112,696,161 in the October 2021 data and $174,837,705 in the October 2026 data, up 55%. Total employees: 8 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Income & Asset Advisory, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (226); high net worth individuals (53); pension and profit sharing plans (but not the plan participants or government pension plans) (4).

**Which custodians does Income & Asset Advisory, Inc. use?**
Income & Asset Advisory, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Ascensus Broker Dealer Services, LLC and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Income & Asset Advisory, Inc. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/124955

**What changed in Income & Asset Advisory, Inc.'s recent Form ADV filings?**
In the September 2026 filing data: Employees performing advisory functions went from 3 to 4.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### Custodians (Schedule D, Section 5.K(3))
- Ascensus Broker Dealer Services, LLC
- National Financial Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $174,837,705
- Discretionary: $137,833,859
- Non-discretionary: $37,003,846

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 226 | $61,354,433 |
| High net worth individuals | 53 | $111,216,543 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 4 | $1,463,330 |
| Corporations or other businesses not listed above | 4 | $803,399 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Other

### Firm details
- Registered since: 2009 (17 years)
- Employees: 5 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, MA, NC, NJ, NY, RI, SC, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Ramsey, NJ

### Websites listed on Form ADV (Item 1.I)
- [theadvisory.com](https://theadvisory.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $112,696,161 | 8 | March 26, 2021 |
| October 2022 | $124,197,330 | 8 | March 28, 2022 |
| October 2023 | $108,872,547 | 4 | May 24, 2023 |
| October 2024 | $116,003,615 | 5 | August 30, 2024 |
| October 2025 | $136,061,350 | 4 | July 16, 2025 |
| October 2026 | $174,837,705 | 5 | August 19, 2026 |

Regulatory assets under management: $112,696,161 in the October 2021 data and $174,837,705 in the October 2026 data, up 55%.
Total employees: 8 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Employees performing advisory functions went from 3 to 4.

### April 2026
- Regulatory assets under management went from $136,061,350 to $174,837,705 (+28%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Income & Asset Advisory, Inc. (CRD 124955): Form ADV filing data as of October 2026.