The Main Street Group, Ltd (Glen Allen)

Name: The Main Street Group, Ltd
Address: 4510 Cox Road, Glen Allen, VA, 23060
Telephone: 804-270-4470

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 Main Street Group: assets under management

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 firm manages $116 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $135.67 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

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. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Carol B Buchanan serves?

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.

Careers at The Main Street Group, Ltd

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Glenn Crawford	Ceo / cco	1 Jun 2015	75% - 100%	1147573
Carol B Buchanan	President	1 Jun 2015	Other	5850507
Carolbeth Cook	President / cco	1 Jun 2015	Other	5850507
Thomas Andrew Love	Partner / senior vice president	1 Sep 2019	Other	5339914

Based in Glen Allen

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.