# Main Management, LLC

> Main Management, LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2002, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 12, 2026.

- CRD: 120361
- Filed as: MAIN MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: August 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/120361
- AdvisorCensus page: https://advisorcensus.com/firm/main-management-llc-san-francisco-ca-120361

## Quick answers

**How is Main Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Main Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Main Management, LLC located?**
Main Management, LLC's principal office is in San Francisco, CA, according to its Form ADV.

**Is Main Management, LLC registered with the SEC or a state?**
Main Management, LLC is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 120361.

**How much does Main Management, LLC manage?**
Main Management, LLC reports $1,904,324,653 in regulatory assets under management in its Form ADV filing dated August 12, 2026 (83% discretionary).

**How have Main Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Main Management, LLC: Regulatory assets under management: $881,402,269 in the October 2021 data and $1,904,324,653 in the October 2026 data, up 116%. Total employees: 15 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Main Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (134); individuals (other than high net worth individuals) (79); corporations or other businesses not listed above (24).

**Which custodians does Main Management, LLC use?**
Main Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Main Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/120361

**What changed in Main Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 22 to 25. Regulatory assets under management went from $1,649,126,692 to $1,904,324,653 (+15%). Registered or notice-filed in FL, VA. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,904,324,653
- Discretionary: $1,572,153,628
- Non-discretionary: $332,171,025

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 79 | $73,256,237 |
| High net worth individuals | 134 | $1,228,322,402 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $241,019,163 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 2 | $7,373,701 |
| Charitable organizations | 10 | $112,573,983 |
| Corporations or other businesses not listed above | 24 | $241,779,167 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2002 (24 years)
- Employees: 27 total, 25 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, FL, KY, MI, NJ, TX, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- mainmgt.com
- LinkedIn @main-management-llc
- X @MAINMANAGEMENT
- YouTube @mainmanagement5143

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $881,402,269 | 15 | September 7, 2021 |
| October 2022 | $1,216,955,908 | 18 | March 31, 2022 |
| October 2023 | $1,175,772,484 | 18 | March 31, 2023 |
| October 2024 | $1,387,819,141 | 19 | September 25, 2024 |
| October 2025 | $1,649,126,692 | 22 | March 28, 2025 |
| October 2026 | $1,904,324,653 | 27 | August 12, 2026 |

Regulatory assets under management: $881,402,269 in the October 2021 data and $1,904,324,653 in the October 2026 data, up 116%.
Total employees: 15 in October 2021 and 27 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 22 to 25.
- Regulatory assets under management went from $1,649,126,692 to $1,904,324,653 (+15%).
- Registered or notice-filed in FL, VA.
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in GA, NY.

### December 2025
- Employees performing advisory functions went from 20 to 22.
- Registered or notice-filed in MI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Main Management, LLC (CRD 120361): Form ADV filing data as of October 2026.