DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Income Research + Management
Latest filing Aug 24, 2026
First filing on the tape Nov 16, 2011 · 45 filings
SEC status approved since May 1, 1987
RAUM
$131B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
3.9%
$5.1B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
218
63 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
15
reported on Schedule D
History
45 filings and snapshots on the tape
RAUM$131B as of Aug 24, 2026
Mar 29, 2012$31B then
HNW client RAUM$5.1B as of Aug 24, 2026
Mar 29, 2018$4.3B then
State-registered IARs (5.B.3)0 as of Aug 24, 2026
Mar 29, 20120 then
Employees (5.A)218 as of Aug 24, 2026
Mar 28, 201374 then
Private funds15 as of Aug 24, 2026
Mar 29, 20124 then
RAUM +20% over the last fiscal year+14% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 24, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $11.2MderivedHNW RAUM over HNW clients
- Average account
- $83.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 69%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +20%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Custody
- $14B, 15 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Charitable organizations$26B20%
- Pooled investment vehicles$25B19%
- Pension and profit-sharing plans$24B19%
- Insurance companies$22B17%
- State and municipal entities$18B14%
- Investment companies$6.0B4.6%
- High-net-worth individuals$5.1B3.9%
- Corporations and businesses$4.8B3.7%
- Banks and thrifts$118M0.1%
- Individual clients
- n/areported
- HNW clients
- 454reported
- Pension plan clients
- 118reported
- Charitable clients
- 165reported
- Accounts
- 1,559reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $14B for 15 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.04 fund_share=0.23 institutional_share=0.69 related_bd=false related_bank=false bd_reps=5.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
16 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Ir&M Core Bond Fund II LLC | Other Private Fund | $3.6B | 124 | Mar 29, 2012 |
| Ir&M Intermediate Fund LLC | Other Private Fund | $1.4B | 47 | Mar 29, 2012 |
| Ir&M Short Fund LLC | Other Private Fund | $1.2B | 45 | Mar 29, 2012 |
| Ir&M Core Bond Fund LLC | Other Private Fund | $719M | 46 | Mar 29, 2012 |
| Ir&M Long Government/Credit Fund LLC | Other Private Fund | $494M | 17 | Mar 31, 2015 |
| Ir&M Core Plus Bond Fund LLC | Other Private Fund | $477M | 6 | Mar 27, 2020 |
| Ir&M Intermediate Credit Fund LLC | Other Private Fund | $407M | 20 | Mar 30, 2016 |
| Ir&M Tax-Efficient Crossover Bond Fund LLC | Other Private Fund | $324M | 107 | Mar 28, 2013 |
| Ir&M Long Credit Fund LLC | Other Private Fund | $254M | 12 | Mar 31, 2015 |
| Ir&M Socially Responsible Core Bond Fund LLC | Other Private Fund | $162M | 10 | Mar 30, 2016 |
| Ir&M Tax-Efficient Crossover (California) Bond Fund LLC | Other Private Fund | $146M | 78 | Mar 29, 2021 |
| Ir&M Short Esg Bond Fund LLC | Other Private Fund | $111M | 7 | Mar 27, 2020 |
| Ir&M Core Esg Bond Fund LLC | Other Private Fund | $95.8M | 8 | Mar 28, 2022 |
| Ir&M Short Diversified Income Fund LLC | Other Private Fund | $78.9M | 11 | Mar 27, 2020 |
| Ir&M Short Credit Fund LLCno longer reported | Other Private Fund | $77.9M | 9 | Mar 30, 2016 |
| Ir&M Intermediate Treasury Inflation-Protected Securities (Tips) Fund LLC | Other Private Fund | $54.7M | 4 | Mar 31, 2015 |
Owners and control persons
Schedule A and B, latest filing
- Heiduk Brooke Anderson · Director Of Product Managementcontrolsince 01/2020 · owns less than 5%
- John Matthew Cannata · General Counsel, Secretarycontrolsince 01/2019 · owns less than 5%
- Antonio Massimo Desantis · Chief Operating Officercontrolsince 03/2021 · owns less than 5%
- Kelly Meghan Driscoll · Chief Financial Officer, Co-Head Of Client Teamcontrolsince 01/2020 · owns less than 5%
- Heller Deborah Goldstein · Directorcontrolsince 01/2024 · owns less than 5%
- Edward James Gubitosi · Co-Chief Investment Officercontrolsince 07/2015 · owns less than 5%
- Muller Sarah Kilpatrick · Chief Of Staffcontrolsince 07/2015 · owns less than 5%
- Rachelle Erinn King · Chief Strategy Officer; Co-Head Of Client Teamcontrolsince 04/2023 · owns less than 5%
- Mark Richard Kizik · Chief Compliance Officercontrolsince 03/2005 · owns less than 5%
- Theodore William Lawrence · Directorcontrolsince 01/2024 · owns less than 5%
- Anthony Michael Miles · Directorcontrolsince 01/2024 · owns less than 5%
- Austin William Omalley · Chief Executive Officer, Co-Chief Investment Officer, Directorcontrolsince 02/2012 · owns 10% to 25%
- Anthony John Sommers Jr. · Executive Chairperson, Directorcontrolsince 04/2006 · owns less than 5%
- Genung Elizabeth Taylor · Directorcontrolsince 01/2024 · owns less than 5%
- Delafield Dune Thorne · Directorcontrolsince 01/2024 · owns less than 5%
- Anthony John Sommers Jr. · Trusteecontrolsince 08/2011 · owns F of John A. Sommers, Jr. Family Trust Dtd 07/31/2006
- Anthony John Sommers Jr. · Trusteecontrolsince 06/1995 · owns F of John A. Sommers, Jr. Revocable Trust Of 1995
- Anthony John Sommers · Trusteecontrolsince 12/2016 · owns F of J.Sommers Management Trust
- Thomas Kenneth Sommers · Trusteecontrolsince 08/2011 · owns F of Kenneth T. Sommers Family Trust Dtd 07/31/2006
- Thomas Kenneth Sommers · Trusteecontrolsince 12/2006 · owns F of Kenneth T. Sommers Revocable Trust Of 1995
- Franklyn Robert Sommers · Trusteecontrolsince 12/2006 · owns F of Robert F. Sommers Revocable Trust Of 1995
- Franklyn Robert Sommers · Trusteecontrolsince 08/2011 · owns F of Robert F. Sommers Family Trust Dtd 07/31/2006
Entity owners
- John A. Sommers, Jr. Family Trust Dtd 07/31/2006 · Ownerdirect · owns 5% to 10%
- John A. Sommers, Jr. Revocable Trust Of 1995 · Ownerdirect · owns 25% to 50%
- J.Sommers Management Trust · Ownerdirect · owns 5% to 10%
- Kenneth T. Sommers Family Trust Dtd 07/31/2006 · Ownerdirect · owns less than 5%
- Kenneth T. Sommers Revocable Trust Of 1995 · Ownerdirect · owns less than 5%
- Robert F. Sommers Family Trust Dtd 07/31/2006 · Ownerdirect · owns less than 5%
- Robert F. Sommers Revocable Trust Of 1995 · Ownerdirect · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count surgeChange between filings · filing Mar 31, 2026accounts (Item 5.F.2.f) moved from 949.0 to 1,559.0 (+64.0%) between the annual amendments of 2025-03-24 and 2026-03-31; the peer median change was +2.0% (61 comparable advisers, 97.0th percentile of changes)peers: other advisers, $20B and over (61) · 97% percentile
What changed
consecutive filings, newest first
- BD registered reps · 6 to 5Jul 1, 2026 to Aug 24, 2026
- Accounts · 949 to 1,559Jul 30, 2025 to Mar 31, 2026
- Advisory employees · 61 to 63Jul 30, 2025 to Mar 31, 2026
- BD registered reps · 4 to 6Jul 30, 2025 to Mar 31, 2026
- Charity clients · 149 to 165Jul 30, 2025 to Mar 31, 2026
- Corporate clients · 36 to 20Jul 30, 2025 to Mar 31, 2026
- HNW clients · 414 to 454Jul 30, 2025 to Mar 31, 2026
- Pension plan clients · 103 to 118Jul 30, 2025 to Mar 31, 2026
- Assets in custody · $9.9B to $14BJul 30, 2025 to Mar 31, 2026
- Employees · 204 to 218Jul 30, 2025 to Mar 31, 2026
- Discretionary RAUM · $108B to $130BJul 30, 2025 to Mar 31, 2026
- HNW RAUM · $4.3B to $5.1BJul 30, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $675M to $539MJul 30, 2025 to Mar 31, 2026
- Pension RAUM · $22B to $24BJul 30, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $19B to $25BJul 30, 2025 to Mar 31, 2026
- RAUM · $109B to $131BJul 30, 2025 to Mar 31, 2026
- Financial planning clients · 0 to 0May 22, 2025 to Jul 30, 2025
- Accounts · 922 to 949Nov 27, 2024 to Mar 24, 2025
- Advisory employees · 63 to 61Nov 27, 2024 to Mar 24, 2025
- Charity clients · 151 to 149Nov 27, 2024 to Mar 24, 2025
- Corporate clients · 35 to 36Nov 27, 2024 to Mar 24, 2025
- HNW clients · 391 to 414Nov 27, 2024 to Mar 24, 2025
- Pension plan clients · 102 to 103Nov 27, 2024 to Mar 24, 2025
- Pooled vehicle clients · 23 to 32Nov 27, 2024 to Mar 24, 2025
- Assets in custody · $9.5B to $9.9BNov 27, 2024 to Mar 24, 2025
- Employees · 201 to 204Nov 27, 2024 to Mar 24, 2025
- Legal name · INCOME RESEARCH & MANAGEMENT to INCOME RESEARCH + MANAGEMENTNov 27, 2024 to Mar 24, 2025
- Discretionary RAUM · $95B to $108BNov 27, 2024 to Mar 24, 2025
- HNW RAUM · $4.0B to $4.3BNov 27, 2024 to Mar 24, 2025
- Non-discretionary RAUM · $1.6B to $675MNov 27, 2024 to Mar 24, 2025
- Pension RAUM · $21B to $22BNov 27, 2024 to Mar 24, 2025
- Pooled vehicle RAUM · $15B to $19BNov 27, 2024 to Mar 24, 2025
- RAUM · $97B to $109BNov 27, 2024 to Mar 24, 2025
- BD registered reps · 0 to 4Mar 28, 2024 to Jul 15, 2024
- Organization form · Other (specify) to CorporationMar 28, 2024 to Jul 15, 2024
- Accounts · 913 to 922Mar 8, 2024 to Mar 28, 2024
- Advisory employees · 60 to 63Mar 8, 2024 to Mar 28, 2024
- Charity clients · 157 to 151Mar 8, 2024 to Mar 28, 2024
- HNW clients · 376 to 391Mar 8, 2024 to Mar 28, 2024
- Pension plan clients · 92 to 102Mar 8, 2024 to Mar 28, 2024
Signals
16 dated events
- Austin William Omalley (Chief Executive Officer; Co-Chief Investment Officer; Trustee) no longer on Schedule A of Income Research + Management (listed 2024-03-08, absent 2024-03-28)Mar 28, 2024 · Control person left · inference
- Thomas Kenneth Sommers (Trustee) no longer on Schedule A of Income Research + Management (listed 2024-03-08, absent 2024-03-28)Mar 28, 2024 · Control person left · inference
- Charles Matthew Conroy (Director Of Corporate Initiatives) no longer on Schedule A of Income Research + Management (listed 2024-03-08, absent 2024-03-28)Mar 28, 2024 · Control person left · inference
- Mcgrath Susan Brengle (Head Of Client Relationships And Business Development) no longer on Schedule A of Income Research + Management (listed 2024-03-08, absent 2024-03-28)Mar 28, 2024 · Control person left · inference
- Rachelle Erinn King (Chief Strategy Officer) appeared on Schedule A of Income Research + ManagementMar 28, 2024 · Control person joined · fact
- Anthony Michael Miles (Director) appeared on Schedule A of Income Research + ManagementMar 28, 2024 · Control person joined · fact
- Income Research + Management reported succeeding to the business of Another Adviser (Form ADV Item 4)Jan 25, 2024 · Succession (Item 4) · fact
- Mcgrath Susan Brengle (Head Of Client Relationships And Business Development) appeared on Schedule A of Income Research + ManagementMar 30, 2023 · Control person joined · fact
- Auth Mary Manning (Director Of Client Service) no longer on Schedule A of Income Research + Management (listed 2022-03-28, absent 2023-03-30)Mar 30, 2023 · Control person left · inference
- Merriman Susan Synodis (Chief Human Capital Officer) no longer on Schedule A of Income Research + Management (listed 2021-03-30, absent 2022-03-28)Mar 28, 2022 · Control person left · inference
- Massimo Desantis (Director Of Enterprise Solution) appeared on Schedule A of Income Research + ManagementMar 29, 2021 · Control person joined · fact
- Kelly Meghan Driscoll (Director Of Finance And Human Capital Management) appeared on Schedule A of Income Research + ManagementMar 29, 2021 · Control person joined · fact
- H Brooke Anderson (Director Of Product Management) appeared on Schedule A of Income Research + ManagementMar 27, 2020 · Control person joined · fact
- Francis Edmund Ingalls (Member) no longer on Schedule A of Income Research + Management (listed 2018-03-29, absent 2019-03-28)Mar 28, 2019 · Control person left · inference
- John Paul Clifford (Member) no longer on Schedule A of Income Research + Management (listed 2018-03-29, absent 2019-03-28)Mar 28, 2019 · Control person left · inference
- Auth Mary Manning (Vice President) appeared on Schedule A of Income Research + ManagementMar 28, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- Income Research + Management · Independent Sponsorsshared crd · capital_provider
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/income-research-&-managementreportedpublic record, Form ADV, Sep 17, 2026
- Website
- INCOMERESEARCH.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 617-330-9333reportedpublic record, Form ADV, Aug 24, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Other adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026