Income & Asset Advisory

Income & Asset Advisory

Income & Asset Advisory began operations in 1986 and has anchored itself in Armonk, New York, ever since. Co-principals Jason Waxler and Derek Ralston brought trading-floor and institutional risk backgrounds into their advisory practice—Waxler from NYU Stern and the New York Board of Trade, Ralston from structured-credit work at Aon Risk Services alongside private-equity sponsors Apollo, Bain Capital, and Clayton, Dubilier & Rice. The firm serves individuals, estates, trusts, charitable organizations, corporations, and business entities, managing assets across equities, fixed income, futures and options, annuities, and cash-alternative instruments. Its advisory menu covers wealth accumulation and capital preservation; tax-loss harvesting; retirement accounts including traditional and Roth IRAs, 401(k)s, and 403(b)s; 529 education-savings plans; and entity-level tax and cash-flow planning for small businesses. Portfolio construction centers on a proprietary risk-numbering tool used to align each client’s allocation with their stated goals and loss tolerance, a process the firm highlights as the entry point for every new relationship. A six-person team supports operations from a single office on Business Park Drive. In addition to the two named principals, the roster includes a financial advisor, two client-relationship managers, and an operations manager. Recent firm messaging has emphasized passive-income generation and life-event-driven planning—marital changes, business sales, and retirement transitions—though no specific new fund launch, spin-out, or major personnel addition has been publicly disclosed in the last 24 months. The firm does not publicize aggregate assets under management or a total deployment figure. Structurally, Income & Asset Advisory distinguishes itself through a flat, practitioner-led model: every client portfolio is built and monitored by the two principals who own the firm, rather than delegated through a multi-tiered investment committee. This configuration keeps the investment conversation tied directly to the people who previously traded institutional risk, making the firm a boutique alternative to the regional bank trust department or large-scale RIA aggregator.