Income Research & Management (Boston)

Income Research & Management is a large advisory firm based in Boston. It manages $71.88 billion of regulatory assets for 825 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Connecticut, Delaware, and 23 other states.

Income Research & Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. 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 Research & Management: assets under management

The assets under management (AUM) of Income Research & Management is $71.88 billion. The firm's AUM has grown by 1768% since the beginning of its operation, and $1.5 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $68.05 billion in discretionary accounts and $3.83 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $83.09 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $638.89 million.

Income Research & Management has custody of $6.2 billion in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 29% of the total AUM. The second-largest asset type is state and local bonds, which make up 11% of the firm’s portfolio. Investments in other assets form 8% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Income Research & Management for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Income Research & Management serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Income Research & Management is pension and profit sharing plans with 103 clients and $18.37 billion of assets under management. Among the 8 most similar advisory firms, Income Research & Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $71.86 billion for 690 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Income Research & Management also advises several private funds. Namely, eleven other private funds. The minimum investment commitment required of non-related persons ranges from $2,000,000 to $5,000,000.

Careers at Income Research & Management

The company employs 170 people that are either part- or full-time employees. 32 percent of the employees work as investment advisers or researchers. No 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

Indirect Owners

The SEC currently registers 33 indirect owners.

Based in Boston

The principal office where Income Research & Management performs its advisory services is located at 100 Federal Street, Boston, MA 02110 1884, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-330-9333 or by fax 617-330-9222. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at incomeresearch.com/ and its LinkedIn profile.

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