Our History

Kevin McKenna,  President and CIO of Main Line Capital Management,  traces his roots   in the equity  markets  back to the formative  years of the modern 'Hedge Fund' industry. During the early 1980's, the  U.S. economy was quickly recovering from  a severe recession that dated back to the late 1970's.  Wall Street quickly responded  by  expanding  the services offered to their institutional level  clients.  But, it was the demands from the  burgeoning  retail investor that then prompted  many institutional level firms to offer their services to  the retail market.  To gain greater efficiency,  service offerings were brought in  under one roof and Wall Street quickly found success in managing both their  institutional and retail  clients  -  simultaneously.  Taking advantage of the revolution in computer technology, Wall Street could now offer individual investors a direct  link to the financial  markets on a Global scale.  The astonishing growth of  World Wide Web had the direct effect of turning the financial services industry on its head. And, as the United States economy  soared,  the stock market boomed and the Bull Market era of the 1980's had begun.

1983

After leaving The University of North Carolina, Mr. McKenna joined the Institutional and Retail Markets  division of Jefferies & Company  at their  New York City headquarters. He was recruited to join  their  Corporate Cash Management Group,  a new service offering from  the  legendary 3rd Market trading firm. This new division  was focused  on providing cash management  and retail investment solutions for corporate clients, their employees   and their senior managers.

1985

Mr. McKenna and a team of 5 were  recruited by   Prudential Equity Group ( Known then  as Prudential Bache Securities) to expand Prudential's  presence in corporate cash management. As a founding partner of the group that was  based in the Melville, New York  - his  team raises over $100 million of new capital from corporate clients in 1985. The Prudential Insurance Company found this  business model to be  exceptionally successful and  uses it  as a blueprint for a nationwide roll-out of individualized account management offerings  for their  retail investors. The model becomes an offering called MACS : Managed Assets Consulting Services.

1992

Mr. McKenna was the first executive recruited for the establishment of a new Suburban Buffalo office of  Merrill Lynch & Company. This office would serve both  corporate and High Net Worth clients with investment and business financing solutions. In 1996, Mr. McKenna assisted senior  executives  in the post-IPO Non-Taxable exchange program for  the corporate spin-out of   Westinghouse Air Brake Corporation (now called Wabtec and listed on the NYSE: WAB). In 2003, his Buffalo  office ranked first in the North East market in Syndicated & Structured Loans. This ranking was directly  due to Mr. McKenna and his team's work on  a  restructuring and refinancing package for a chain of grocery stores located in upstate Pennsylvania.

2004

After spending 21 years as an executive and corporate manager for three of the largest and most successful Wall Street corporations, Mr. McKenna branched out and  started  his own firm. With the financial commitment and encouragement of several corporate and individual clients -  Main Line Capital Management was opened as a 'Family Office' management firm in  downtown Buffalo,  New York.  The firm was designed to serve  a  select group of corporate clients, high net worth individuals and their immediate families.

2008

MLCM, LLC  establishes their Schwab Institutional platform with new and expanded  services offerings for Pension Plans and  retail clients.