Main Street Investment Advisors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 26–50 clients last fiscal year.
Main Street Investment Advisors reports 144 clients. They include 128 high-net-worth individuals, 14 individual clients and 2 charitable organizations. Of its assets, 100.0% ($250M across 144 accounts) are managed with discretion. Of its clients, 1% are outside the U.S. It advised 29 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 10% | 1% |
| High-net-worth individuals | 89% | 97% |
| Charitable organizations | 1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 14 | $3.28M | 1.3% | $234K |
| High-net-worth individuals | 128 | $243M | 97.2% | $1.9M |
| Charitable organizations | 2 | $3.74M | 1.5% | $1.87M |
| Total | 144 | $250M | 100% | $1.74M |
- Clients
- 14
- Regulatory AUM
- $3.28M
- AUM share
- 1.3%
- Avg. per client
- $234K
- Clients
- 128
- Regulatory AUM
- $243M
- AUM share
- 97.2%
- Avg. per client
- $1.9M
- Clients
- 2
- Regulatory AUM
- $3.74M
- AUM share
- 1.5%
- Avg. per client
- $1.87M
Total
- Clients
- 144
- Regulatory AUM
- $250M
- AUM share
- 100%
- Avg. per client
- $1.74M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 29
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Main Street Investment Advisors charges 0.50%–1.00% a year for its Assets under management fee. The fee is billed in advance, is negotiable and requires an account of at least $250,000.
Fee details and sources
Wayne Carr owns 50% to 75% of Main Street Investment Advisors. The leadership team of Main Street Investment Advisors includes Chief Operating Officer Wayne Carr and Chief Compliance Officer Alexander Ross. It has 3 employees.
Leadership
- Wayne CarrManaging Principal, Chief Operating Officer
- Alexander RossManaging Principal, Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Wayne Francis Carr
- Alexander Laurence Ross
- Jeffrey Stephen Ross
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Main Street Investment Advisors, LLC
Wayne Carr
Control person · since November 2007
- Owns 50% to 75% of Main Street Investment Advisors, LLC
Alexander Ross
Control person · since January 2026
Main Street Investment Advisors’ regulatory assets grew 1.6× from $160M (March 2021) to $250M (January 2026); clients rose from 75 to 144 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| January 2026 | $250M | 144 | 3 | 1 |
| February 2025 | $215M | 100 | 3 | 1 |
| July 2024 | $175M | 100 | 3 | 1 |
| March 2023 | $160M | 83 | 3 | 1 |
| March 2022 | $180M | 83 | 3 | 1 |
| March 2021 | $160M | 75 | 3 | 1 |
Besides its headquarters, Main Street Investment Advisors has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 707 Skokie BLVD, Suite 190, NorthbrookHQ
Contact and registration details
- Legal name
- Main Street Investment Advisors, LLC
- Headquarters
- 707 Skokie BLVD, Suite 190, Northbrook, IL 60062
- Website
- mainstinvest.com
- Phone
- 847-480-7055
- SEC file
- 801-113819
- Founded
- 2007
- Structure
- Illinois LLC
- Fiscal year end
- December
Main Street Investment Advisors uses Fidelity ($250M) as custodian for its separately managed accounts. Main Street Investment Advisors does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Boston, MA · $250M100%
At year end, Main Street Investment Advisors’ separately managed accounts were mostly in stocks (84%) and cash (11%).
What the accounts hold
- Stocks84%
- Bonds5%
- U.S. government and agency bonds4%
- State and local bonds1%
- Cash11%
How many clients does Main Street Investment Advisors have?
Main Street Investment Advisors has 144 clients and manages $250 million for them, as of January 2026. They include 128 high-net-worth individuals, 14 individual clients and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 January 2026
What services does Main Street Investment Advisors offer?
Main Street Investment Advisors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Main Street Investment Advisors charge?
Main Street Investment Advisors charges 0.50%–1.00% a year for its Assets under management fee. The fee is billed in advance, is negotiable and requires an account of at least $250,000.
Source: MAIN STREET INVESTMENT ADVISORS, LLC ADV PART 2A, filed 20 January 2026
Which custodians does Main Street Investment Advisors use?
Main Street Investment Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $250M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 January 2026
How many financial advisors does Main Street Investment Advisors have?
Main Street Investment Advisors has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 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 Street Investment Advisors invest in?
At the end of its last fiscal year, Main Street Investment Advisors’ separately managed accounts held 84% exchange-traded equities, 11% cash and equivalents, 4% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Main Street Investment Advisors have a minimum investment?
Yes, Main Street Investment Advisors’ minimum account size for its Assets under management fee is $250K.
Source: MAIN STREET INVESTMENT ADVISORS, LLC ADV PART 2A, filed 20 January 2026
Who owns Main Street Investment Advisors?
Main Street Investment Advisors’ direct owners are Wayne Carr (50% to 75%) and Alexander Ross (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 20 January 2026
How does Main Street Investment Advisors get paid?
Main Street Investment Advisors is paid through a percentage of assets under management 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 Street Investment Advisors?
Main Street Investment Advisors’ main office is at 707 Skokie BLVD, Suite 190, Northbrook, IL 60062. Its phone number is 847-480-7055. Its website is mainstinvest.com.