Main Street Research LLC (Sausalito)

Name: Main Street Research LLC
Address: 30 Liberty Ship Way, Sausalito, CA, 94965
Telephone: 415-289-1010

Main Street Research LLC is a large advisory firm based in Sausalito. It manages $1 billion of regulatory assets for 594 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Main Street Research provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and consulting. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Main Street Research: assets under management

The assets under management (AUM) of Main Street Research LLC is $1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 616% since the beginning of its operation, and $1.26 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.69 million each.

Main Street Research has custody of $189.07 million in cash and securities for 214 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 50% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in investment grade corporate bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Main Street Research LLC for their services and products based on a percentage of assets under management, hourly charges, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Main Street Research serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Main Street Research is high net worth individuals with 353 clients and $835.58 million of assets under management. Among the 10 most similar advisory firms, Main Street Research has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1 billion for 594 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Main Street Research doesn't advise any private funds.

Careers at Main Street Research LLC

The company employs 12 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Edmund Demmert	Managing partner	1 Apr 2000	75% - 100%	1576146
Tamra Ann Stern	Partner, director - wealth management	1 Mar 2004	Other	4449509
Charito Arroyo Mittelman	Chief compliance officer, general counsel	1 Feb 2011	Other	5900018

Based in Sausalito

The principal office where Main Street Research LLC performs its advisory services is located at 30 Liberty Ship Way, Sausalito, CA 94965, which is also the mailing address of the firm. An additional office of the firm is in Salisbury, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-289-1010 or by fax 415-289-0105. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at ms-research.com.