Mainstreet Investment Advisors LLC (Chicago)

Name: Mainstreet Investment Advisors LLC
Address: 120 N. Lasalle Street, Chicago, IL, 60602
Telephone: 312-223-0270

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.

Mainstreet Investment Advisors: assets under management

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 firm manages $1.1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $549.85 million each.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 18% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

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. 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.

Careers at Mainstreet Investment Advisors LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Francis Crosson	Ceo managing director	1 Jun 2004	Other	2992720
Richard Jason Milton	Managing director,	1 Jun 2004	Other	2632784
Tara Colleen Zientek	Cfo managing director	1 Jun 2006	Other	2008143
Tara C Zientek	Managing director	1 Jun 2006	Other	2008143
Brian Mccormick Mcnamara	Managing director	1 Dec 2007	Other	1944146
John Francis Crosson	Managing director, chief compliance officer, member	1 Feb 2008	50% - 75%	2992720
Paul Joseph Marnell	Chief compliance officer	1 May 2008	Other	832828
Alessandro Urbani	Managing director	1 Dec 2009	Other	2714609
Edward Hayes Keiley	Cco - aml officer	1 Jun 2012	Other	2187781
Llc Msa Holdings	Sole owner	1 Jan 2014	75% - 100%	46-4447980
John Francis Crosson	Ceo - managing director - cco	1 Dec 2015	Other	2992720
Richard Jason Milton	Managing director,	1 Dec 2015	Other	2632784
Alessandro Urbani	Managing director	1 Dec 2015	Other	2714609
Tara Colleen Zientek	Cfo managing director	1 Dec 2015	Other	2008143
Robert James Hrabak	Cio & coo	1 Jan 2017	Other	6744924
Jeremy Mark Wilson	Chief compliance officer	1 Jul 2018	Other	4657352
John Francis Crosson	Ceo	1 Nov 2018	Other	2992720
Richard Jason Milton	Managing director, director of business management	1 Nov 2018	Other	2632784
Alessandro Urbani	President	1 Nov 2018	Other	2714609
Michael A Steele	Chief operating officer	1 Nov 2018	Other	4956948
Thomas S Mckinstry	Chief investment officer	1 Nov 2018	Other	6747258
Bruce Joseph Simpson	Chief client officer	1 Nov 2018	Other	2968407
Gerald Brady Coogan	Director	1 Mar 2019	Other	6889762
Eric Benjamin Housman	Director	1 Mar 2019	Other	2328040
Michael Francis Kennedy	Director	1 Mar 2019	Other	2980069
Brian Daryl Lamb	Director	1 Mar 2019	Other	6918171
Jonathan William Reynolds	Director	1 Mar 2019	Other	6782750
Llc (Dba Fifth Third Bank) Fifth Third Acquisition Holdings	Shareholder	1 Mar 2019	75% - 100%	31-0676865

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Mb Financial	Shareholder	1 Nov 2001	75% - 100%	36-4460265
John Francis Crosson	President managing member	1 Jan 2014	50% - 75%	2992720
Richard Jason Milton	Managing director	1 Jan 2014	25% - 50%	2632784
Alessandro Urbani	Managing director	1 Jan 2014	Other	2714609
Tara Colleen Zientek	Cfo managing director	1 Jan 2014	Other	2008143
Edward Hayes Keiley	Cco-amlofficer	1 Jan 2014	Other	2187781
Tara C Zientek	Cfo managing director	1 Jan 2014	Other	2008143
N.A. Mb Financial Bank	Shareholder	1 Dec 2015	75% - 100%	36-1474915
Llc (Dba Fifth Third Bank) Walnut & Vine Holdings	Shareholder	1 Mar 2019	75% - 100%	31-0676865
Fifth Third Bank	Shareholder	1 Mar 2019	75% - 100%	31-0676865
Fifth Third Financial Corporation	Shareholder	1 Mar 2019	75% - 100%	31-1755886
Fifth Third Bancorp	Shareholder	1 Mar 2019	75% - 100%	31-0854434

Based in Chicago

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.