Main Street Financial
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Overview
Main Street Financial is an advisory company that has its headquarters in Mount Kisco, New York. Main Street Financial controls $58.4 million in assets under management across 253 accounts. It has a small team, including 3 financial advisors. Main Street Financial does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial investments like bonds, stocks and options.
Main Street Financial manages all of its client assets on a discretionary basis. Discretionary management is a structure in which buy and sell choices are made by a portfolio manager without requiring the client's authorization. The advisory firm's typical account size is $230,733. The average financial advisor at Main Street Financial administers around 84 client accounts.
Main Street Financial's main office is located at 359 E. Main Street, Mount Kisco, New York 10549. Main Street Financial is permitted to serve investors throughout 4 states, including Connecticut, Florida, New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Main Street Financial by the Numbers
$58.4 million
4
253
$230.7 thousand
Products and Services
Financial services offered by Main Street Financial can include financial planning services and portfolio management for individuals and small businesses. In the past financial year, the company provided financial planning services to 1-10 of its clients. Main Street Financial does not sell products or offer services apart from investment advice to its investment advisory accounts. Main Street Financial is also affiliated with a number of other companies in the financial services industry, including with an accountant or accounting firm.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees usually depend on the services provided. However, fee types billed by Main Street Financial likely consist of the following fee structures: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Main Street Financial works with retail investors and high net worth investors. Out of its 253 customers, Main Street Financial's biggest client type is retail investors, although it also serves 14 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are from outside of the U.S.
- High-Net-Worth Individuals* - 14.74%
- Other Individuals - 85.26%
- Corporations - 0%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Main Street Financial does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Main Street Financial
Mount Kisco, NY
Mount Kisco, NY
Mount Kisco, NY
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