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

The Latest

December 6, 2018 | Main Street Coalition

Senate Banking Committee Hearing Highlights Growing Consensus of Need to Reform Proxy System

These statements of support from Senators and witnesses add to the growing array of people across the board calling for additional scrutiny of proxy advisory firms. The Main Street Investors Coalition is optimistic that this growing consensus will add to continued momentum and additional oversight over proxy advisory firms by the SEC.

November 30, 2018 | Main Street Coalition

Economics Organization Adds to Growing List of Groups Calling for Proxy Reform

Two weeks after the Securities and Exchange Commission (SEC) hosted a roundtable on the proxy process, the American Action Forum (AAF) joined the growing number of organizations calling out how proxy advisory firms are harming Main Street investors. The group is led by former Director of the Congressional Budget Office Douglas Holtz-Eakin, and focuses on economic ...

November 27, 2018 | Main Street Coalition

BlackRock Calls for Transparency at Proxy Advisory Firms Following SEC Roundtable

Shortly after participating in the Securities and Exchange Commission (SEC) roundtable on the proxy process, BlackRock, the world’s largest money manager, called for the SEC to promote “a principle of transparency throughout the proxy ecosystem.” According to BlackRock, this principle of transparency extends to proxy advisory firms. Proxy Firm Methodologies and Conflicts of Interest Specifically, ...

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