Mainstreet Investment Advisors LLC is a large advisory firm based in Chicago. It manages $1.1 billion of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arkansas, California, Colorado, and 22 other states.
Mainstreet Investment Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Mainstreet Investment Advisors LLC is $1.1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 24% 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 Mainstreet Investment Advisors LLC for their services and products based on a percentage of assets under management 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 company employs 24 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 13 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.
Alessandro Urbani has been acting as President since 1 Nov 2018. Thomas S Mckinstry has served as the Chief Investment Officer since 1 Nov 2018. Gerald Brady Coogan joined the executive team most recently as the Director.
The principal office where Mainstreet Investment Advisors LLC performs its advisory services is located at 120 N. Lasalle Street, Chicago, IL 60602, which is also the mailing address of the firm. An additional office of the firm is in Shelton, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-223-0270 or by fax 312-223-0276. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at mainstreetadv.com and its LinkedIn profile.