The MAIN STREET ADVISORS is a privately held investment adviser that advises $10.35Bn in regulatory assets under management held in 3 SEC fund types across 2 investment strategies. MAIN STREET ADVISORS is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 50.44% over the last 5-years.
The Group has been registered with the SEC for 28.59 years and is comprised of 1 filing and 2 relying advisers. They operate out of 1 office location with their Headquarters at 3110 MAIN STREET SUITE 310, SANTA MONICA, CA. The Group has not been subject to regulatory enforcement actions. They are regulated by 2 US and Non-US bodies.
They have 28 employees comprised of 15 investment and 13 non-investment staff. The total number of Employees increased by 75% over the last 5-years.
Their $10.35Bn in assets advised are owned by 6 private funds, 0 public funds and BDCs and 0 other accounts. Assets of High Net Worth Individuals clients own $6.5Bn or 62.81% of Total Assets and Pooled Investment Vehicles (Not IC or BDC) own $3.22Bn or 31.14% of Total Assets.
The Group's top investment strategies include Traditional LBO and Multi Strat, representing 96.61% and 3.39% of total assets, respectively.
They advise 2 types of clients, top clients are High Net Worth Individuals and Pooled Investment Vehicles (Not IC or BDC).
The Group uses 1 Fund Administrators, 3 Fund Auditors, 3 Prime Brokers, 3 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 2 private funds with $165.51mn in assets.
The Group discloses management fees and performance-based fees.
MAIN STREET ADVISORS names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a MEDIUM-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In MAIN STREET ADVISORS's case, they have 15 business conditions that require high process maturity and 1 Watch Factors.