Our Mission

In 1950, retail investors directly owned more than 90 percent of the stocks issued by U.S. companies. Today, that number is closer to 30 percent, with securities markets these days increasingly being dominated by big, institutional and often passive holders.

Of course, on balance, the rise of passive investing, which is designed to track the performance of an index as opposed to trying to beat it, has been great for the retail investing community, generating steady, low-fee returns for millions of Americans.

But as the size and influence of these massive institutional holders has grown, so too has their power, influence and share of voice – drowning out the voices and interests of Main Street investors who, despite controlling the single largest pool of equity capital in the world, have almost no ability today to influence the decisions these funds make on their behalf, with their money.

The Main Street Investors Coalition was created to help change that. By doing so, it will help mitigate the agency costs created by U.S. stock markets that have come to be dominated by institutional investors. Stand with us as we seek to bring much-needed reform to a badly broken, costly and inherently unfair system.

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Main Street investors hold more than $16.9 trillion in stocks. That means we control the single largest pool of equity capital in the world. It’s time for our voices to be heard, and our agenda to be adopted.

Sign up to add your voice to the campaign.

A COMMONSENSE AGENDA

  • Demanding that fund managers focus on maximizing performance – not playing politics with other people’s money

  • Providing retail investors with more visibility into how the funds they own vote on their behalf

  • Forcing third-party, “black-box” proxy-advisory firms to be more transparent about potential conflicts of interest

  • Insisting that public pension funds meet the same basic regulatory and reporting standards as private pension funds

Main Street Investors’ Manifesto

The Latest

February 18, 2019 | Main Street Coalition

New Retail Investors Page Highlights Voices of Main Street

Since the launch of the Main Street Investor Coalition, we have been dedicated to ensuring the views of retail investors are heard as fundamental changes in the investment landscape have empowered institutional investors and proxy advisory firms on matters of corporate governance. Today, we are launching a new page dedicated to sharing the perspectives of ...

February 13, 2019 | Main Street Coalition

Retail Investor and Bipartisan Coalition Call for Proxy Process Reforms to Take Politics Out of the Boardroom

Two opinion pieces published this week highlight continued momentum on the need for reform of the proxy process, as impacted stakeholders continue to submit comments to the U.S. Securities and Exchange Commission (SEC) following the roundtable on the issue last fall and as the SEC considers a proposal for specific reforms. In a recent issue ...

February 11, 2019 | Main Street Coalition

SEC Should Address Retail Investor Concern Over Proxy Advisors

Like many retail investors I have found low-fee passive investments such as index funds highly attractive. Pioneered by the late Jack Bogle, these products give investors the ability to own a diverse portfolio of stocks at an affordable cost, in the process delivering financial prosperity for millions of Americans. However, the benefits conferred by index funds are increasingly ...

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