Ballast Rock Private Wealth

RIASEC RegisteredEst. 2024
Total AUM
$406M
Discretionary
$362M
89% of AUM
Avg account
$632K
Accounts
642
Employees
9
Advisory reps
11

Firm details

Headquarters
Charleston, South Carolina
CRD number
322064
Registered since
March 8, 2024
Website
www.ballastrockpw.com
Custodians
FIDELITY DISTRIBUTORS COMPANY LLC, CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Commissions
Client types
  • HNWI74.62%
  • Individuals20.15%
  • Corporations / Businesses4.16%
  • Pension & Profit Sharing Plans1.06%
Services
Financial PlanningPortfolio Management for IndividualsPension Consulting

Firm profile

FINTRX

Overview

Ballast Rock Private Wealth is an independent Registered Investment Adviser organized as an LLC and SEC-registered in 2024. The firm serves both individual & family clients and institutional investors, offering fee arrangements that include a percentage of assets under management alongside commission-based products. Its advisory services emphasize financial planning, portfolio management for individuals and small businesses, and pension consulting, and the firm also operates as an insurance broker. The firm is not positioned as an ESG-focused manager and is classified as a domestic, independent RIA rather than a multi-state or related adviser.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

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Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 34%, Private Funds 33%, Cash & Cash Equivalents 18%, Public Funds/Mutual Funds 8%, Other 5%, US Government Bonds 1%, State & Local Bonds 1%, Investment Grade Corp Bonds 1%34%
  • Exchange Traded Equities34%
  • Private Funds33%
  • Cash & Cash Equivalents18%
  • Public Funds/Mutual Funds8%
  • Other5%

Owners & executives

3 of 4
  • Andrew Mescon

    Andrew Mescon

    Chief Executive OfficerCRD 4396288

  • Thomas Carroll-connell

    Thomas Carroll-connell

    Founder & CEOCRD 4992661

  • Christian Salomone

    Christian Salomone

    Chief Investment OfficerCRD 3110535

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Contacts

3 of 7
  • Scott Mcclatchey

    Scott Mcclatchey

    Senior Wealth AdvisorCRD 5116709

  • Jason Thonssen

    Jason Thonssen

    Director of Client ServicesCRD 6920088

  • Troy Davidson

    Troy Davidson

    Wealth AdvisorCRD 5633234

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Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 242

Active vs passive

$671M in ETFs

Passive

83%

$555M

Active

14%

$116M

ETFProviderStyleCategoryValueShares% of portfolio
VANGUARD GROWTH INDEX FUND (VUG)VanguardPassiveLarge Growth$74.4M863,78511.08%
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Location

Primary office

Charleston, SC

Charleston

Location

Charleston, SC

Headquartered in Charleston, SC, in the South of the United States.

Region
South
County
Charleston
Address
460 King St
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth