Main Line Retirement Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 1–10 clients last fiscal year.
Main Line Retirement Advisors reports 181 clients. They include 98 individual clients, 60 high-net-worth individuals, and 23 pension and profit-sharing plans. Of its assets, 100.0% ($449M across 679 accounts) are managed with discretion. It advised 179 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 54% | 7% |
| High-net-worth individuals | 33% | 50% |
| Pension and profit-sharing plans | 13% | 43% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 98 | $30.1M | 6.7% | $307K |
| High-net-worth individuals | 60 | $225M | 50.1% | $3.74M |
| Pension and profit-sharing plans | 23 | $194M | 43.2% | $8.43M |
| Total | 181 | $449M | 100% | $2.48M |
- Clients
- 98
- Regulatory AUM
- $30.1M
- AUM share
- 6.7%
- Avg. per client
- $307K
- Clients
- 60
- Regulatory AUM
- $225M
- AUM share
- 50.1%
- Avg. per client
- $3.74M
- Clients
- 23
- Regulatory AUM
- $194M
- AUM share
- 43.2%
- Avg. per client
- $8.43M
Total
- Clients
- 181
- Regulatory AUM
- $449M
- AUM share
- 100%
- Avg. per client
- $2.48M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 179
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Main Line Retirement Advisors is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Corporate Retirement Consulting
- Plan consulting fees range from 15 to 65 basis points (0.15% to 0.65%) of plan assets annually, charged quarterly in advance on a blended tiered basis and negotiable.
Alfred Matarazzo owns 75% or more of Main Line Retirement Advisors. The leadership team of Main Line Retirement Advisors includes Chief Compliance Officer Alfred Matarazzo. It has 3 employees, 2 of them in advisory roles.
Leadership
- Alfred MatarazzoManaging Partner, Chief Compliance Officer
- Zachary MatarazzoPartner
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Main Line Retirement Advisors, LLC
Alfred Matarazzo
Control person · since July 2016
- Owns 10% to 25% of Main Line Retirement Advisors, LLC
Zachary Matarazzo
Control person · since August 2018
Main Line Retirement Advisors’ regulatory assets grew 1.6× from $280M (July 2021) to $449M (March 2026); clients rose from 116 to 181 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $449M | 181 | 3 | 3 |
| March 2025 | $394M | 167 | 3 | 3 |
| March 2024 | $357M | 160 | 3 | 3 |
| July 2023 | $304M | 150 | 3 | 3 |
| March 2022 | $332M | 142 | 3 | 2 |
| July 2021 | $280M | 116 | 3 | 2 |
Besides its headquarters, Main Line Retirement Advisors has 2 offices, with 3 listed addresses in Montana and Pennsylvania.
Montana · 2 listed addresses
- 2 O'Brien Ave, WhitefishHQ
- 2 O'Brien Ave, Whitefish
Pennsylvania · 1 listed address
- 150 N Radnor Chester Road, Radnor
Other business names
Main Line Retirement Advisors has reported 1 other business name to the SEC.
- Heartstone Advisors
Contact and registration details
- Legal name
- Main Line Retirement Advisors, LLC
- Headquarters
- 2 O'Brien Ave, Whitefish, MT 59937
- Website
- mlra401k.com
- Phone
- 800-480-8681
- SEC file
- 801-108390
- Structure
- Pennsylvania LLC
- Fiscal year end
- December
Main Line Retirement Advisors uses Charles Schwab ($9.19M) as custodian for its separately managed accounts. Main Line Retirement Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · West Lakes, TX · $9.19M100%
At year end, Main Line Retirement Advisors’ separately managed accounts were mostly in stocks (100%). Its reported 13F holdings for the quarter ended 30 June 2026 total $218M across 49 positions; the largest are Capital Group Dividend Value (11.5%), Vanguard Whitehall Fds (11.1%) and Capital Group Intl Focus EQT (10.3%).
What the accounts hold
- Stocks100%
Reported 13F holdings
- $218M
- Reported 13F value
- 49
- Positions
- 80.5%
- In the 10 largest
- +8.9%
- Value vs. prior quarter
- Capital Group Dividend Value · Shs Creat Unit11.5%
- Vanguard Whitehall Fds · Intl High ETF11.1%
- Capital Group Intl Focus EQT · Shs Creat Unit10.3%
- Capital Grp Fixed Incm ETF T · Core Plus Incm8.8%
- Capital Group Growth ETF · Shs Creat Unit8.4%
- Vanguard Index Fds · Value ETF7.8%
- Capital Group Equity ETF TR · US SM MI CA ETF7.7%
- Vanguard BD Index Fds · Total Bnd Mrkt5.4%
- Vanguard Malvern Fds · Core BD ETF5.1%
- Vanguard Index Fds · Growth ETF4.4%
Together, the ten largest are 80.5% of reported value.
How many clients does Main Line Retirement Advisors have?
Main Line Retirement Advisors has 181 clients and manages $449 million for them, as of March 2026. They include 98 individual clients, 60 high-net-worth individuals, and 23 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026
What services does Main Line Retirement Advisors offer?
Main Line Retirement Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Main Line Retirement Advisors use?
Main Line Retirement Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (West Lakes, TX), with $9.19M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026
How many financial advisors does Main Line Retirement Advisors have?
Main Line Retirement Advisors has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Main Line Retirement Advisors invest in?
At the end of its last fiscal year, Main Line Retirement Advisors’ separately managed accounts held 100% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Main Line Retirement Advisors?
Main Line Retirement Advisors’ direct owners are Alfred Matarazzo (75% or more) and Zachary Matarazzo (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 23 March 2026
How does Main Line Retirement Advisors get paid?
Main Line Retirement Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Main Line Retirement Advisors?
Main Line Retirement Advisors’ main office is at 2 O'Brien Ave, Whitefish, MT 59937. Its phone number is 800-480-8681. Its website is mlra401k.com.