Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Educational Seminars & Workshops
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Banking Institutions
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
Mainstay Capital Management, LLC Overview
Mainstay Capital Management, LLC is a fee-only registered investment advisory firm that has been in business since 2000. The firm is headquartered in Grand Blanc, MI and specializes in investment advice only. Mainstay Capital Management's fee arrangement ensures that clients only pay a one-time fee for their services, ensuring that there are no hidden or recurring fees. The firm offers a wide range of services, including financial planning, portfolio management for individuals and small businesses, and educational seminars and workshops. Their financial planning services aim to help clients navigate the complex world of personal finance and investing, providing them with a personalized plan to achieve their financial goals. Mainstay Capital Management's portfolio management services are designed to help clients build and manage a diversified portfolio of investments that align with their risk tolerance and investment objectives. They analyze market trends and investment opportunities to ensure that clients are well-positioned to take advantage of emerging opportunities. Finally, Mainstay Capital Management offers educational seminars and workshops to help clients better understand the investment process and develop sound financial habits. Whether clients are looking to learn more about investing in stocks, bonds, or other assets, or simply want to learn more about financial planning, Mainstay Capital Management has the expertise and resources to help.
MAINSTAY CAPITAL MANAGEMENT, LLC, a distinguished financial firm that specializes in investment management, caters to a wide range of clients. Their portfolio includes individuals who require assistance with their financial planning, high net worth individuals who are seeking wealth management solutions, banking institutions that need expert advice, and a variety of other corporate entities that require the expertise of seasoned investment professionals. The team at MAINSTAY CAPITAL MANAGEMENT, LLC possesses exceptional knowledge and expertise to provide tailored investment solutions to each client, irrespective of their unique financial needs. The firm offers flexible and customizable fee structures to clients based on the services they require. Depending on the type of services provided, clients may opt for either a percentage of assets under management (AUM) as a fee or a fixed fee model. The AUM model involves charging a percentage of the total assets under management, which means that the fee varies based on the value of the assets. On the other hand, the fixed-fee model involves charging a predetermined fee based on the scope of services rendered. Both the fee structures offer excellent value for money, and the choice entirely depends on the client's needs and preferences. MAINSTAY CAPITAL MANAGEMENT, LLC has a transparent billing process and provides regular reports to ensure that clients are aware of the charges levied and the value they are receiving.
Typical Clients, Fee Structures & Investment Minimum
According to the note in Mainstay Capital Management, LLC's Part 2 Brochure, the minimum account size for their Mainstay Wealth Management service is $200,000. It is important to note that in certain circumstances, all fees and account minimums may be negotiable, but there is no mention of any possible lower investment minimums. Therefore, it can be concluded that Mainstay Capital Management, LLC requires a minimum investment of $200,000 for their Mainstay Wealth Management service.
How This Office Can Help Grand Blanc, MI Residents
Edward Jones - Financial Advisor George A Stoutin, CFP®|AAMS®|ADPA® assists clients in Allegan County, MI with a comprehensive range of financial planning services. Whether you're just starting your career or nearing retirement, George Stoutin and his team can offer advice and support to help you achieve your financial goals. Specific financial situations that someone living in Allegan County, MI might be facing could include planning for retirement, saving for college tuition, or looking to purchase a home or investment property. George Stoutin can offer guidance on budgeting, creating a savings plan, and managing debt, as well as investment advice to help clients build and preserve their wealth over the long-term. By taking a personalized approach to financial planning, George and his team work to understand each client's unique needs and priorities, helping them to make informed choices and achieve financial security for themselves and their families.
Services Offered by Mainstay Capital Management, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Mainstay Capital Management, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8 AM–5:30 PM
- Tue 8 AM–5:30 PM
- Wed 8 AM–5:30 PM
- Thu 8 AM–5:30 PM
- Fri 8 AM–5:30 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Mainstay Capital Management, LLC is registered to service clients in the following states:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Virgin Islands
Disciplinary History
Mainstay Capital Management, LLC does not have any disclosures. Please visit it's Form ADV for more details.