If asset protection and reliable income are what you're after, there's no better expert to help than Richard Lehmann.

- Steve Forbes

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ISI Newsletter

Over the last 10 years, the ISI Model Portfolios have delivered high current income while outperforming the stock market. A dollar invested in our Medium Risk Portfolio would be worth $2.22 at year-end 2017. A dollar invested in the S&P 500 over the same period would be worth only $2.20.

Portfolio Management

We limit our consulting to what we know best: bonds, convertibles, preferreds, ETFs and Closed end Funds. We seek investors whose goals are principal protection, steady monthly income and high yield.

About ISI Newsletter

The ONLY Newsletter providing ADVICE on BONDS, PREFERRED STOCKS, CONVERTIBLES, and other income securities.

The newsletter addresses the various fixed-income markets, not only with specific recommendations but also with specific guidance.

We will keep you up to date on a large universe of securities of past recommendations, giving you specific action-oriented advice.

We are proud to present our model portfolios' performance for the last 10 years.

Why Should I Subscribe?

Use the newsletter as the best source for self-directed investing and for building your own income securities portfolio.

With your subscription, you'll receive:

Monthly issues of the Forbes/Lehmann Income Securities Investor, Click here for a sample..

Monthly Recommendations: Richard's best corporate bonds, preferred stocks, convertible securities, master ltd. partnerships, and closed-end funds. All with very attractive yields.

Richard Lehmann's "Pick of the Month"

Richard Lehmann's recognized timely market commentary

Call-in access to any of our analysts which will discuss with you any of our recommendations and investment strategies. Speak directly with the creators of the newsletter.

Newsletter content

Pick of the month

Each month our favorite security, for a variety of reasons, is featured on the front page.


Up to nine recommendations for bonds, preferreds and convertibles each month.

Featured articles

Reports on new developments in the fixed income market and educational pieces.

Corporate updates

Changes and developments for any company in which a recommendation was made.

Rating changes

Recent credit rating changes by Moody's and Standard & Poor's.

Interest rates

Updates on interest rate trends and where opportunities appear.

Build your own income securities portfolio.

Act now!


Portfolio Management

Portfolio Management Services

Income Securities provides portfolio management services through a referral arrangement with an independent SEC Registered Investment Adviser, Lehmann Livian Fridson Advisors LLC, on fixed income securities on a non-custodial basis. ISA and RLA have no affiliations with any underwriting, brokerage, trust or money management firms and are not a dealer or broker in securities. Portfolio Management services are on a fee only basis.

We limit our consulting to what we know best, bonds, convertibles, preferreds, ETFs and Closed end Funds. We seek investors whose goals are principal protection, steady monthly income and high yield. We invite you to call or visit us in our Miami Lakes, FL, office.

You can learn more about investment strategy by reading Richard Lehmann's book, "Income Investing Today-Safety and High Income Through Diversification."

Meet the Editor

Richard Lehmann, founder and President of Income Securities Advisor, Inc.

Mr. Lehman founded the Bond Investors Association (BIA) in 1983 as an information organization for individual bondholders. ISA is the successor to BIA.

He has authored numerous articles on bonds and fixed income investing both in financial column and book form. He is currently a regular columnist on fixed income investing with Forbes Magazine. He has taught finance and accounting in the MBA program at Barry University in Miami and has spoken at numerous investment seminars.

Mr. Lehmann holds an MBA from Columbia University, is a CPA and a registered investment advisor.