{
  "crd_number": 311116,
  "slug": "ballast-asset-management-dallas-tx-311116",
  "primary_business_name": "BALLAST ASSET MANAGEMENT",
  "legal_name": "BALLAST ASSET MANAGEMENT, LP",
  "dbas": [],
  "city": "Dallas",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "19100",
  "metro": {
    "cbsa_code": "19100",
    "common_name": "Dallas",
    "msa_name": "Dallas-Fort Worth-Arlington, TX",
    "path": "/advisors/tx/dallas"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-11-09",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-07-09",
  "carried_forward": false,
  "raum_total": 220658717.0,
  "raum_discretionary": 220658717.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 5,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "investment_companies": {
      "raum": 152872423.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 67786294.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "TX"
  ],
  "websites": [
    "https://ballastam.com",
    "https://linkedin.com/company/ballast-asset-management",
    "https://mgmtetf.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/311116",
  "city_as_filed": "DALLAS",
  "url": "https://advisorcensus.com/firm/ballast-asset-management-dallas-tx-311116",
  "display_name": "Ballast Asset Management",
  "summary": "Ballast Asset Management is an SEC-registered investment advisory firm in Dallas, TX, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 9, 2026.",
  "citation": "AdvisorCensus. Ballast Asset Management (CRD 311116): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Ballast Asset Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Ballast Asset Management reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Ballast Asset Management located?",
      "a": "Ballast Asset Management's principal office is in Dallas, TX, according to its Form ADV."
    },
    {
      "q": "Is Ballast Asset Management registered with the SEC or a state?",
      "a": "Ballast Asset Management is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 311116."
    },
    {
      "q": "How much does Ballast Asset Management manage?",
      "a": "Ballast Asset Management reports $220,658,717 in regulatory assets under management in its Form ADV filing dated July 9, 2026 (100% discretionary)."
    },
    {
      "q": "How have Ballast Asset Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Ballast Asset Management: Regulatory assets under management: $11,278,564 in the October 2021 data and $220,658,717 in the October 2026 data, up 1856%. Total employees: 7 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Ballast Asset Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (1)."
    },
    {
      "q": "Which custodians does Ballast Asset Management use?",
      "a": "Ballast Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists The Bank of New York Mellon as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Ballast Asset Management report any disciplinary disclosures?",
      "a": "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/311116"
    },
    {
      "q": "Does Ballast Asset Management state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated July 9, 2026 says: \"The Firm mai ntains sole discretion when establishing a specific account minimum with respect to any particular account , but generally, a $1,000,000 minimum is required in order to open an SMA account. The minimum can be waived at the discretion of the Adviser.\""
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 11278564.0,
      "total_employees": 7,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 49178721.0,
      "total_employees": 3,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 66876193.0,
      "total_employees": 5,
      "filing_date": "2023-09-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 168469249.0,
      "total_employees": 5,
      "filing_date": "2024-03-22"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 206340260.0,
      "total_employees": 5,
      "filing_date": "2025-02-12"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 220658717.0,
      "total_employees": 5,
      "filing_date": "2026-07-09"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 9, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The Firm mai ntains sole discretion when establishing a specific account minimum with respect to any particular account , but generally, a $1,000,000 minimum is required in order to open an SMA account. The minimum can be waived at the discretion of the Adviser."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The Firm mai ntains sole discretion when establishing a specific account minimum with respect to any particular account , but generally, a $1,000,000 minimum is required in order to open an SMA account. The minimum can be waived at the discretion of the Adviser."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "The Bank of New York Mellon",
      "name_as_filed": "THE BANK OF NEW YORK MELLON",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/ballast-asset-management-dallas-tx-311116.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 152872423.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 67786294.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/311116",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}