Mainstay Capital Management, LLC (Grand Blanc)

Name: Mainstay Capital Management, LLC
Address: 10775 South Saginaw, Grand Blanc, MI, 48439
Telephone: 866-444-6246

Mainstay Capital Management, LLC is a large advisory firm based in Grand Blanc. It manages $2.57 billion of regulatory assets for 3,641 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.

Mainstay Capital Management provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It prepares financial plans for approximately 2,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Mainstay Capital Management: assets under management

The assets under management (AUM) of Mainstay Capital Management, LLC is $2.57 billion. The firm's AUM has grown by 1829% since the beginning of its operation, and $3.67 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.37 billion in discretionary accounts and $192.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $652.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $192.62 million.

Mainstay Capital Management has custody of $1.57 billion in cash and securities for 3,000 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 67% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mainstay Capital Management, LLC for their services and products based on a percentage of assets under management and fixed 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 Mainstay Capital Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Mainstay Capital Management is high net worth individuals with 876 clients and $1.34 billion of assets under management. Among the 8 most similar advisory firms, Mainstay Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.37 billion for 3,636 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.

Mainstay Capital Management doesn't advise any private funds.

Careers at Mainstay Capital Management, LLC

The company employs 26 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. 16 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Shannon Mary Peterson	Member/chief compliance officer	1 Oct 2000	Other	4374510
Curtis Anthony Huston	Member	1 Oct 2000	50% - 75%	4374525
Brian Patrick Murphy	Investment strategist	1 Dec 2000	Other	4374527
David Kudla	Ceo/portfolio executive	1 Mar 2002	Other	4431292
David Paul Kudla	Member/ceo/chief investment strategist	1 Oct 2002	75% - 100%	4431292
David Kudla	Member/ceo/investment strategist	1 Oct 2002	25% - 50%	4431292
Keith Allen Kudla	Chief economic consultant	1 Oct 2002	Other	4609172
Keith Kudla	Chief economist	1 Oct 2002	Other	4609172
Scott John Laduke	Member/portfolio executive/chief compliance officer	1 Jan 2007	Other	3005737

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brian Murphy	Elected manager	1 Dec 2000	Other	4374527
David Kudla	Elected manager	1 Jul 2001	Other	4431292

Based in Grand Blanc

The principal office where Mainstay Capital Management, LLC performs its advisory services is located at 10775 South Saginaw, Grand Blanc, MI 48439 The mailing address of the firm is P.O. Box 487, Grand Blanc, MI 48480. An additional office of the firm is in Naples, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-444-6246 or by fax 810-953-5514. The normal business hours are 9:00am to 5:00pm est on Monday - Friday. You can find more information about the New York firm at mainstaycapital.com and its LinkedIn profile.