# Ballast Advisors, LLC

> Ballast Advisors, LLC is an SEC-registered investment advisory firm in Woodbury, MN, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 285991
- Filed as: BALLAST ADVISORS, LLC
- Also doing business as: BALLAST INSURANCE SERVICES
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Woodbury, MN
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/285991
- AdvisorCensus page: https://advisorcensus.com/firm/ballast-advisors-llc-woodbury-mn-285991

## Quick answers

**How is Ballast Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Ballast Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions.

**Where is Ballast Advisors, LLC located?**
Ballast Advisors, LLC's principal office is in Woodbury, MN, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Ballast Advisors, LLC registered with the SEC or a state?**
Ballast Advisors, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 285991.

**How much does Ballast Advisors, LLC manage?**
Ballast Advisors, LLC reports $674,476,752 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (97% discretionary).

**How have Ballast Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Ballast Advisors, LLC: Regulatory assets under management: $450,157,406 in the October 2021 data and $674,476,752 in the October 2026 data, up 50%. Total employees: 13 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ballast Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (645); high net worth individuals (169); corporations or other businesses not listed above (15).

**Which custodians does Ballast Advisors, LLC use?**
Ballast Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Ballast Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/285991

**Does Ballast Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 26, 2026 says: "Ballast Advisors does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an investment management relationship."

**What changed in Ballast Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 4 to 6. Regulatory assets under management went from $587,590,759 to $674,476,752 (+15%). Registered or notice-filed in CO, OR.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Commissions

### Fees and minimums (Form ADV Part 2A brochure dated March 26, 2026)

- Account minimum: None

> Ballast Advisors does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an investment management relationship.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $674,476,752
- Discretionary: $652,587,703
- Non-discretionary: $21,889,049

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 645 | $286,868,370 |
| High net worth individuals | 169 | $369,406,139 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $2,273,287 |
| Charitable organizations | 1 | $475,651 |
| Corporations or other businesses not listed above | 15 | $15,453,305 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services

### Firm details
- Registered since: 2017 (9 years)
- Employees: 15 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, GA, IL, LA, MA, MI, MN, NC, NE, NJ, OR, PA, TX, VA, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Punta Gorda, FL
- St. Paul, MN

### Websites listed on Form ADV (Item 1.I)
- ballastadvisors.com
- Facebook @BALLASTADVISORS
- Instagram @BALLASTADVISORS
- LinkedIn @ballast-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $450,157,406 | 13 | February 14, 2021 |
| October 2022 | $528,925,545 | 13 | March 23, 2022 |
| October 2023 | $473,462,064 | 14 | August 17, 2023 |
| October 2024 | $512,459,314 | 16 | February 29, 2024 |
| October 2025 | $587,590,759 | 15 | March 27, 2025 |
| October 2026 | $674,476,752 | 15 | March 26, 2026 |

Regulatory assets under management: $450,157,406 in the October 2021 data and $674,476,752 in the October 2026 data, up 50%.
Total employees: 13 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 4 to 6.
- Regulatory assets under management went from $587,590,759 to $674,476,752 (+15%).
- Registered or notice-filed in CO, OR.

### January 2026
- No longer registered or notice-filed in IA, NH, NY, OR, TN.

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ballast Advisors, LLC (CRD 285991): Form ADV filing data as of October 2026.