Main Street Financial Advisory

The firm operates as a fee-only registered investment adviser, charging clients a percentage of assets under management. This structure removes commission-based conflicts and aligns the firm's incentives with portfolio performance. The specific fee schedule is disclosed in the firm's Form ADV Part 2A, available upon request or through the SEC's public disclosure database.

All investment decisions are made by Terry D. Davis, the founder and sole principal of the firm. There is no investment committee or team of analysts supporting portfolio construction. Davis designs and implements each client's allocation based on a proprietary risk-assessment process developed over two decades of practice.

The firm focuses on corporate professionals, small-business owners and families within the Chicago area who are approaching retirement or already in the distribution phase of their financial lives. The typical client arrives with accumulated 401(k) or IRA assets and needs a strategy for converting those savings into reliable retirement income. The firm does not target ultra-high-net-worth families or institutional investors.

No. The firm constructs portfolios entirely from third-party mutual funds, ETFs and individual fixed-income securities. Davis has not launched any proprietary funds, separately managed account strategies or pooled investment vehicles. This open-architecture approach allows the firm to remain product-neutral when selecting holdings for client accounts.

The firm does not allocate client capital to private equity, venture capital, hedge funds or direct real estate investments. Davis has maintained a public stance favoring liquid, transparent and low-cost vehicles, consistent with the firm's focus on capital preservation and retirement-income reliability. Clients seeking exposure to alternatives would need to pursue those outside the firm's managed accounts.

No succession plan has been publicly disclosed. Davis remains the sole investment professional and owner, and the firm's Form ADV filings do not indicate any continuity agreement or junior adviser being groomed for a transition. This presents a key-person risk that clients should evaluate as part of their own due diligence on the firm.

The firm is registered with the U.S. Securities and Exchange Commission as a Registered Investment Adviser and is subject to the Investment Advisers Act of 1940. It is also registered or notice-filed in Illinois. As an RIA, the firm carries a fiduciary duty to act in its clients' best interests, a stronger legal standard than the suitability standard applied to broker-dealers.