Income Research + Management
SEC-registered
Investment Adviser · Mega ($100B+)
CRD 104863
· SEC file 801-29482
· Boston, MA
· www.linkedin.com
☆ Save with Pro
ADV data as of Jul 01, 2026
- Regulatory AUM
- $131B
- Discretionary
- $130B
- Clients
- 937
- Avg AUM / client
- $139M
- Accounts
- 1,559
- Employees
- 218
AUM over time
$26.6B
$131B
Nov 2011
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 01, 2026
Asset allocation (SMA assets by investment type)
as of Jul 01, 2026
Investment-grade corporate bonds
$54.9B
42%
US government & agency bonds
$45.7B
35%
Other
$17.0B
13%
State & local bonds
$9.1B
7%
Cash & equivalents
$1.3B
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 454 | $5.1B | 3.89% |
| Banking or thrift institutions | Fewer than 5 clients | $118M | 0.09% |
| Investment companies | 12 | $6.0B | 4.57% |
| Pooled investment vehicles (non-investment companies) | 32 | $24.7B | 18.9% |
| Pension and profit sharing plans | 118 | $24.4B | 18.7% |
| Charitable organizations | 165 | $25.8B | 19.8% |
| State or municipal government entities | 44 | $17.8B | 13.6% |
| Insurance companies | 92 | $21.9B | 16.8% |
| Corporations and other businesses | 20 | $4.8B | 3.68% |
Private funds (15)
Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $9.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Ir&M Core Bond Fund Ii Llc | Other Private Fund | Delaware | $3.6B | 124 |
| Ir&M Intermediate Fund Llc | Other Private Fund | Delaware | $1.4B | 47 |
| Ir&M Short Fund Llc | Other Private Fund | Delaware | $1.2B | 45 |
| Ir&M Core Bond Fund Llc | Other Private Fund | Delaware | $719M | 46 |
| Ir&M Long Government/Credit Fund Llc | Other Private Fund | Delaware | $494M | 17 |
| Ir&M Core Plus Bond Fund Llc | Other Private Fund | Delaware | $477M | 6 |
| Ir&M Intermediate Credit Fund Llc | Other Private Fund | Delaware | $407M | 20 |
| Ir&M Tax Efficient Crossover Bond Fund Llc | Other Private Fund | Delaware | $324M | 107 |
| Ir&M Long Credit Fund Llc | Other Private Fund | Delaware | $254M | 12 |
| Ir&M Socially Responsible Core Bond Fund Llc | Other Private Fund | Delaware | $162M | 10 |
| Ir&M Tax Efficient Crossover (California) Bond Fund Llc | Other Private Fund | Delaware | $146M | 78 |
| Ir&M Short Esg Bond Fund Llc | Other Private Fund | Delaware | $111M | 7 |
| Ir&M Core Esg Bond Fund Llc | Other Private Fund | Delaware | $95.8M | 8 |
| Ir&M Short Diversified Income Fund Llc | Other Private Fund | Delaware | $78.9M | 11 |
| Ir&M Intermediate Treasury Inflation Protected Securities (Tips) Fund Llc | Other Private Fund | Delaware | $54.7M | 4 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Sandler Foundation EIN 943147856 | San Francisco, CA | 06/30/2024 |
| Common Fund For Non Profit Organizations EIN 237037968 | Norwalk, CT | 06/30/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (18)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Kizik, Richard, Mark | Chief Compliance Officer | Mar 2005 (21y) | Less than 5% | |
| Sommers Jr., John, Anthony | Executive Chairperson, Director | Apr 2006 (20y) | Less than 5% | |
| Sommers, Robert, Franklyn | Trustee | Dec 2006 (20y) | GP / trustee / elected manager of Robert F. Sommers Revocable Trust Of 1995 (indirect) | |
| Sommers, Kenneth, Thomas | Trustee | Aug 2011 (15y) | GP / trustee / elected manager of Kenneth T. Sommers Family Trust Dtd 07/31/2006 (indirect) | |
| Omalley, William, Austin | Chief Executive Officer, Co Chief Investment Officer, Director | Feb 2012 (15y) | 10% – 25% | |
| Gubitosi, James, Edward | Co Chief Investment Officer | Jul 2015 (11y) | Less than 5% | |
| Kilpatrick, Sarah, Muller | Chief Of Staff | Jul 2015 (11y) | Less than 5% | |
| Sommers, John, Anthony | Trustee | Dec 2016 (10y) | GP / trustee / elected manager of J.Sommers Management Trust (indirect) | |
| Cannata, Matthew, John | General Counsel, Secretary | Jan 2019 (8y) | Less than 5% | |
| Anderson, Brooke, Heiduk | Director Of Product Management | Jan 2020 (7y) | Less than 5% | |
| Driscoll, Meghan, Kelly | Chief Financial Officer, Co Head Of Client Team | Jan 2020 (7y) | Less than 5% | |
| Desantis, Massimo, Antonio | Chief Operating Officer | Mar 2021 (5y) | Less than 5% | |
| King, Erinn, Rachelle | Chief Strategy Officer; Co Head Of Client Team | Apr 2023 (3y) | Less than 5% | |
| Goldstein, Deborah, Heller | Director | Jan 2024 (3y) | Less than 5% | |
| Lawrence, William, Theodore | Director | Jan 2024 (3y) | Less than 5% | |
| Miles, Michael, Anthony | Director | Jan 2024 (3y) | Less than 5% | |
| Taylor, Elizabeth, Genung | Director | Jan 2024 (3y) | Less than 5% | |
| Thorne, Dune, Delafield | Director | Jan 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| John A. Sommers, Jr. Revocable Trust Of 1995 | Owner | Jun 1995 | A | 25% – 50% |
| J.Sommers Management Trust | Owner | Dec 2016 | A | 5% – 10% |
| John A. Sommers, Jr. Family Trust Dtd 07/31/2006 | Owner | Aug 2011 | A | 5% – 10% |
| Robert F. Sommers Family Trust Dtd 07/31/2006 | Owner | Aug 2011 | A | Less than 5% |
| Kenneth T. Sommers Family Trust Dtd 07/31/2006 | Owner | Aug 2011 | A | Less than 5% |
| Robert F. Sommers Revocable Trust Of 1995 | Owner | Jun 2006 | A | Less than 5% |
| Kenneth T. Sommers Revocable Trust Of 1995 | Owner | Jun 2006 | A | Less than 5% |
Undisclosed: 0% – 55% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (15, $9.5B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Ir&M Core Bond Fund Ii Llc | Other Private Fund | $3.6B | $5.0M | 124 |
| Ir&M Intermediate Fund Llc | Other Private Fund | $1.4B | $5.0M | 47 |
| Ir&M Short Fund Llc | Other Private Fund | $1.2B | $5.0M | 45 |
| Ir&M Core Bond Fund Llc | Other Private Fund | $719M | $5.0M | 46 |
| Ir&M Long Government/Credit Fund Llc | Other Private Fund | $494M | $5.0M | 17 |
| Ir&M Core Plus Bond Fund Llc | Other Private Fund | $477M | $5.0M | 6 |
| Ir&M Intermediate Credit Fund Llc | Other Private Fund | $407M | $5.0M | 20 |
| Ir&M Tax Efficient Crossover Bond Fund Llc | Other Private Fund | $324M | $2.0M | 107 |
| Ir&M Long Credit Fund Llc | Other Private Fund | $254M | $5.0M | 12 |
| Ir&M Socially Responsible Core Bond Fund Llc | Other Private Fund | $162M | $5.0M | 10 |
| Ir&M Tax Efficient Crossover (California) Bond Fund Llc | Other Private Fund | $146M | $2.0M | 78 |
| Ir&M Short Esg Bond Fund Llc | Other Private Fund | $111M | $5.0M | 7 |
| Ir&M Core Esg Bond Fund Llc | Other Private Fund | $95.8M | $5.0M | 8 |
| Ir&M Short Diversified Income Fund Llc | Other Private Fund | $78.9M | $2.0M | 11 |
| Ir&M Intermediate Treasury Inflation Protected Securities (Tips) Fund Llc | Other Private Fund | $54.7M | $5.0M | 4 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (76)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Mea Messa Mea Financial Services Staff Retirement Plan & Trust | Michigan Education Association | 545 | $700M | 09/01/2024 |
| Christian School Pension Plan And Trust Fund | Christian Schools International | 2,287 | $919M | 09/01/2024 |
| Temple University Health System, Inc. Consolidated Pension Plan | Temple University Health System Inc | 0 | $0 | 07/01/2024 |
| Do It Best Corp. Restated Retirement Plan | Do It Best Corp. | 496 | $78.4M | 07/01/2024 |
| Building Service 32 Bj Pension Fund | Board Of Trustees Of The Building Service 32 Bj Pension Fund | 53,782 | $4.6B | 07/01/2024 |
| The Museum Of Modern Art Pension Plan | The Museum Of Modern Art | 140 | $121M | 07/01/2024 |
| National Elevator Industry Pension Plan | National Elevator Industry Pension Plan Plan Board Of Trustees | 28,678 | $12.2B | 07/01/2024 |
| Ufcw International Union Industry Variable Annuity Pension Plan | Trustees Of The Ufcw International Union Industry Variable Annuity P | 33,689 | $300M | 07/01/2024 |
| National Hockey League Retirement Plan United States | National Hockey League | 284 | $156M | 07/01/2024 |
| Sheet Metal Workers' Local No. 33 Cleveland District Pension Plan | Trustees Of Sheet Metal Workers Local 33 Pension Plan | 457 | $200M | 05/01/2024 |
| Actors' Equity Association Staff Pension Plan | Actors' Equity Association | 137 | $48.8M | 04/01/2024 |
| Massachusetts Bricklayers & Masons Pension Plan | Massachusetts Bricklayers & Masons Pension Fund | 1,966 | $547M | 04/01/2024 |
| Sheet Metal Workers Local 17 Annuity Income Fund | Sheet Metal Workers Local No. 17 Annuity Income Fund | 3,288 | $656M | 04/01/2024 |
| John Maneely Company Pension Plan | Wheatland Tube, Llc | 240 | $154M | 03/01/2024 |
| Pension Plan For Employees Of Southern New Hampshire Medical Center | Southern New Hampshire Medical Center | 297 | $59.2M | 02/01/2024 |
| The Ohiohealth Cash Balance Retirement Plan | Ohiohealth Corporation | 6,188 | $743M | 01/01/2024 |
| Loyola University Employees' Retirement Plan | Loyola University Of Chicago Attn Benefits Department | 797 | $154M | 01/01/2024 |
| Cottage Health Pension Plan | Cottage Health | 3,796 | $890M | 01/01/2024 |
| Williams Pension Plan | The Williams Companies, Inc. | 3,178 | $1.4B | 01/01/2024 |
| The Retirement Income Plan For Employees Of Ul Llc | Ul Llc | 679 | $262M | 01/01/2024 |
| Contran Corporation Pension Plan | Contran Corporation | 64 | $110M | 01/01/2024 |
| Retirement Plan For Employees Of Highland Hospital Of Rochester, Ny | Highland Hospital Of Rochester | 338 | $139M | 01/01/2024 |
| Maine Medical Center Pension Plan | Mainehealth | 2,332 | $795M | 01/01/2024 |
| Ikon Office Solutions, Inc. Pension Plan | Ricoh Usa, Inc. | 2,452 | $385M | 01/01/2024 |
| Southern Ohio Medical Center Cash Balance Pension Plan | Southern Ohio Medical Center | 3,176 | $74.7M | 01/01/2024 |
Top 25 of 76 plans by assets.
From Form 5500 service-provider disclosures.
Foundations & charities (2)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Sandler Foundation | Public charity | $573M | 06/30/2024 |
| Common Fund For Non Profit Organizations | Public charity | $3.6B | 06/30/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/01/2026 | 3.76 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $30.6B (23% of AUM) Jul 2026
- Northern Trust $27.6B (21% of AUM) Jul 2026
- State Street $15.9B (12% of AUM) Jul 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 01, 2026.
View current Form ADV (SEC/IAPD) ↗