Ballast Advisors, LLC

RIASEC RegisteredEst. 2017

Total AUM

$674M

Discretionary

$653M

97% of AUM

Avg account

$261K

Accounts

2,582

Employees

Advisory reps

Firm details

Headquarters: Woodbury, Minnesota
CRD number: 285991
Registered since: January 19, 2017
Website: www.ballastadvisors.com
Custodians: CHARLES SCHWAB & CO., INC.
Fee structure: Percentage of AUM, Fixed Fees, Commissions
Client types: HNWI54.77%
Individuals42.53%
Corporations / Businesses2.29%
Pension & Profit Sharing Plans0.34%
Charitable Organizations0.07%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension Consulting

Firm profile

FINTRX

Overview

Ballast Advisors, LLC is an independent, SEC-registered registered investment adviser organized as an LLC and established in 2017. The firm serves both individual/family and institutional clients and combines advisory work with insurance brokerage services. Its advisory offerings include comprehensive financial planning, discretionary portfolio management for individuals and small businesses, portfolio management for business or institutional accounts, and pension consulting services. Fee arrangements are a mix of asset-based fees, fixed fees and commissions. Ballast does not position itself as an ESG-focused allocator and is not identified as a multi-state adviser. Ballast lists an accounting affiliation and operates with an owner structure that includes domestic entities and individuals. The firm is not described as a capital allocator to third-party managers in the available data.