The Main Street Group, Ltd is a large advisory firm based in Glen Allen. It manages $116 million of regulatory assets for 855 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of North Carolina, Texas, and Virginia.
The Main Street Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of The Main Street Group, Ltd is $116 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay The Main Street Group, Ltd for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Carol B Buchanan is high net worth individuals with 55 clients and $70 million of assets under management. Among the 8 most similar advisory firms, The Main Street Group has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $116 million for 288 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
The Main Street Group doesn't advise any private funds.
The company employs 13 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 9 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.
Carol B Buchanan has been acting as President since 1 Jun 2015. Thomas Andrew Love joined the executive team most recently as the Partner / Senior Vice President.
The principal office where The Main Street Group, Ltd performs its advisory services is located at 4510 Cox Road, Glen Allen, VA 23060, which is also the mailing address of the firm. An additional office of the firm is in Fairfax, VA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 804-270-4470 or by fax 804-270-4490. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at themainstreetgroup.com and its LinkedIn profile.