{"url":"https://nivawealth.com/firms/main-street-investment-advisors-146036","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/146036","regulatoryAum":250312643,"crd":"146036","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"41516","suffix":null,"lastName":"CARR","firstName":"WAYNE","middleName":"FRANCIS"},{"crd":"5327760","suffix":null,"lastName":"ROSS","firstName":"ALEXANDER","middleName":"LAURENCE"},{"crd":"405086","suffix":null,"lastName":"ROSS","firstName":"JEFFREY","middleName":"STEPHEN"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-29","regulatoryAum":160000000,"clients":75,"employees":3,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":180000000,"clients":83,"employees":3,"offices":1},{"filedOn":"2023-03-24","regulatoryAum":160000000,"clients":83,"employees":3,"offices":1},{"filedOn":"2024-07-01","regulatoryAum":175000000,"clients":100,"employees":3,"offices":1},{"filedOn":"2025-02-12","regulatoryAum":214653300,"clients":100,"employees":3,"offices":1},{"filedOn":"2026-01-20","regulatoryAum":250312643,"clients":144,"employees":3,"offices":1}],"secFileNumber":"801-113819","legalName":"Main Street Investment Advisors, LLC","displayName":"Main Street Investment Advisors","slug":"main-street-investment-advisors-146036","website":"https://mainstinvest.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"2007","organization":"Illinois limited liability company","fiscalYearEnd":"December","headquarters":{"street":"707 Skokie BLVD, Suite 190","city":"Northbrook","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60062"},"tradeNames":[],"registration":{"secApproved":"10 August 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principal, chief operating officer in the 50% to 75% ownership band and a control person, since November 2007."},{"label":"Alexander Ross","detail":"Managing principal, chief compliance officer in the 50% to 75% ownership band and a control person, since January 2026."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":1,"addresses":[{"street":"707 Skokie BLVD, Suite 190","city":"Northbrook","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"847-480-7055","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":84},{"label":"U.S. government/agency bonds","percent":4},{"label":"U.S. state and local bonds","percent":1},{"label":"Cash and cash equivalents","percent":11}],"privateFunds":0},"sources":{"adv1FilingDate":"20 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/146036/PDF/146036.pdf","brochureDate":"20 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1002846","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Main Street Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Main Street Investment Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Main Street Investment Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Main Street Investment Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Main Street Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Main Street Investment Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Main Street Investment Advisors have a minimum investment?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Main Street Investment Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Main Street Investment Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Main Street Investment Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 20 January 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}