Main Management, LLC (San Francisco)

Name: Main Management, LLC
Address: 601 California Street, San Francisco, CA, 94108
Telephone: 415-217-5800

Main Management, LLC is a large advisory firm based in San Francisco. It manages $715.39 million of regulatory assets for 215 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Kentucky, New Jersey, Texas, and Washington.

Main Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Main Management: assets under management

The assets under management (AUM) of Main Management, LLC is $715.39 million. The firm's AUM has grown by 2455% since the beginning of its operation, and $12.31 million of the total AUM is attributable to clients outside of the United States.

The firm manages $610.75 million in discretionary accounts and $104.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.79 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.94 million.

Main Management has custody of $227.46 million in cash and securities for 46 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Main Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Main Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Main Management is high net worth individuals with 119 clients and $456.53 million of assets under management. Among the 10 most similar advisory firms, Main Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $715.39 million for 197 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 Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Main Management, LLC

The company employs 12 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
Mary Miner	Member	1 Apr 2002	Other	4575982
David Allyn Haynes	Member	1 Apr 2002	Other	1257186
R Stephen Doyle	Managing member	1 Apr 2002	75% - 100%	71540
Llc Innisfree Investments	Managing member	1 Apr 2002	25% - 50%	94-3371063
Jane Kircher Mauer	Member	1 Apr 2002	Other	4575992
James Wesley Concidine	Managing member, chief financial officer	1 Jul 2002	25% - 50%	51869
Lp Fredericks Investments	Member	1 Jul 2002	Other	94-3292803
Janes Elizabeth Linsmayer	Member	1 Jul 2002	Other	2664040
Jane Elizabeth Linsmayer	Member, vice president	1 Jul 2002	Other	2664040
Jane Elizabeth Linsmayer Husband	Member, vice president	1 Jul 2002	Other	2664040
Kim David Arthur	Managing member, ceo and president	1 Aug 2002	25% - 50%	1754934
Blaine Docker	Chief operations officer	1 Feb 2007	Other	5309509
Hafeez Akber Esmail	Chief compliance officer	1 Mar 2013	Other	2567325
Luke William King	Managing director	1 Feb 2017	Other	5731142

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
R Stephen Doyle	Member	1 Jul 2002	75% - 100%	71540
John Richard Fredericks	Member	1 Jul 2002	75% - 100%	809855

Based in San Francisco

The principal office where Main Management, LLC performs its advisory services is located at 601 California Street, San Francisco, CA 94108, which is also the mailing address of the firm. An additional office of the firm is in Rutherford, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-217-5800 or by fax 415-217-5809. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at mainmgt.com.