AdvisorCensus / Financial advisors / New York / New York / Main Street Financial
Main Street Financial
Filed as MAIN STREET FINANCIAL · Legal name Main Street Financial LLC
Main Street Financial is an SEC-registered investment advisory firm in Purchase, NY, registered since 2012, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated February 10, 2026.
Quick answers
From the filingHow is Main Street Financial compensated?
On its Form ADV (Item 5.E, October 2026), Main Street Financial reports these compensation arrangements: a percentage of assets under its management; hourly charges.
How much does Main Street Financial charge?
Its Form ADV Part 2A brochure dated February 10, 2026 states: Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it); Hourly rate: $300 an hour (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Main Street Financial located?
Main Street Financial's principal office is in Purchase, NY, according to its Form ADV.
Is Main Street Financial registered with the SEC or a state?
Main Street Financial is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 118130.
How much does Main Street Financial manage?
Main Street Financial reports $71,108,570 in regulatory assets under management in its Form ADV filing dated February 10, 2026 (100% discretionary).
How have Main Street Financial's assets and staff changed since 2021?
In the Form ADV data for Main Street Financial: Regulatory assets under management: $56,689,363 in the October 2021 data and $71,108,570 in the October 2026 data, up 25%. Total employees: 3 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Main Street Financial serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (76); high net worth individuals (22).
Which custodians does Main Street Financial use?
Main Street Financial's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.
Does Main Street Financial 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/118130
Does Main Street Financial state an account minimum?
Its Form ADV Part 2A brochure dated February 10, 2026 says: "Main Street generally does not impose a minimum relationship size."
What changed in Main Street Financial's recent Form ADV filings?
In the March 2026 filing data: Regulatory assets under management went from $61,328,487 to $71,108,570 (+16%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)
The brochure's wording
Investment advisory fees range from 0.50% to 1.50% based on the following schedule:
Account minimum: None
The brochure's wording
Main Street generally does not impose a minimum relationship size.
Hourly rate: $300 an hour (financial planning services)
The brochure's wording
Main Street offers financial planning services at an hourly rate of $300 per hour.
As stated in the firm's Form ADV Part 2A brochure dated February 10, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$71,108,570 as of October 2026, filing dated February 10, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Legal name
- Main Street Financial LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2012 (14 years)
- Employees
- Total: 4. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
4 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $71,108,570 | 4 | February 10, 2026 |
| October 2025 | $61,328,487 | 4 | February 11, 2025 |
| October 2024 | $58,652,599 | 4 | August 14, 2024 |
| October 2023 | $58,375,477 | 4 | March 2, 2023 |
| October 2022 | $59,544,789 | 4 | March 25, 2022 |
| October 2021 | $56,689,363 | 3 | March 16, 2021 |
Regulatory assets under management: $56,689,363 in the October 2021 data and $71,108,570 in the October 2026 data, up 25%.
Total employees: 3 in October 2021 and 4 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- March 2026
- Regulatory assets under management went from $61,328,487 to $71,108,570 (+16%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Main Street Financial (CRD 118130): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/main-street-financial-purchase-ny-118130