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 registered investment adviser that has been SEC-registered since 2017. The firm serves both individual and family clients as well as institutional relationships and combines portfolio management, financial planning, pension consulting and insurance brokerage activities. Its business model includes fee-based services (percentage of AUM and fixed fees) alongside commission business. Ballast reports that it is not an active ESG investor, is not a multi-state adviser, and does not position itself as a capital allocator. Advisory services listed on the firm’s filings include financial planning, discretionary portfolio management for individuals, small businesses and institutions, and certain pension consulting work. The firm also notes an industry affiliation with accounting professionals, which may reflect collaborative relationships for client tax or reporting needs.