{ "crd_number": 282369, "slug": "ballast-capital-advisors-llc-west-des-moines-ia-282369", "primary_business_name": "BALLAST CAPITAL ADVISORS, LLC", "legal_name": "BALLAST CAPITAL ADVISORS LLC", "dbas": [], "city": "West des Moines", "state": "IA", "country": "United States", "cbsa_code": "19780", "metro": { "cbsa_code": "19780", "common_name": "Des Moines", "msa_name": "Des Moines-West Des Moines, IA", "path": "/advisors/ia/des-moines" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2021-04-16", "years_registered": 5, "period": "2026-10-01", "filing_date": "2026-03-02", "carried_forward": false, "raum_total": 328737630.0, "raum_discretionary": 328737630.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 7, "advisory_employees": 3, "client_count_bucket": null, "clients_by_type": { "high_net_worth_individuals": { "raum": 328737630.0, "count": 42 } }, "compensation_types": [ "fixed", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "IA", "TX" ], "websites": [ "https://ballast-advisors.com", "https://facebook.com/BALLASTCAPITALADVISORS", "https://linkedin.com/company/ballast-capital-advisors-llc", "https://twitter.com/BALLAST_CAPITAL" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/282369", "city_as_filed": "WEST DES MOINES", "url": "https://advisorcensus.com/firm/ballast-capital-advisors-llc-west-des-moines-ia-282369", "display_name": "Ballast Capital Advisors, LLC", "summary": "Ballast Capital Advisors, LLC is an SEC-registered investment advisory firm in West des Moines, IA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 2, 2026.", "citation": "AdvisorCensus. Ballast Capital Advisors, LLC (CRD 282369): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses" ], "quick_answers": [ { "q": "How is Ballast Capital Advisors, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Ballast Capital Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Ballast Capital Advisors, LLC located?", "a": "Ballast Capital Advisors, LLC's principal office is in West des Moines, IA, according to its Form ADV." }, { "q": "Is Ballast Capital Advisors, LLC registered with the SEC or a state?", "a": "Ballast Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 282369." }, { "q": "How much does Ballast Capital Advisors, LLC manage?", "a": "Ballast Capital Advisors, LLC reports $328,737,630 in regulatory assets under management in its Form ADV filing dated March 2, 2026 (100% discretionary)." }, { "q": "How have Ballast Capital Advisors, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Ballast Capital Advisors, LLC: Regulatory assets under management: $220,366,374 in the October 2021 data and $328,737,630 in the October 2026 data, up 49%. Total employees: 5 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Ballast Capital Advisors, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (42)." }, { "q": "Which custodians does Ballast Capital Advisors, LLC use?", "a": "Ballast Capital Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists RBC Capital Markets, LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Ballast Capital Advisors, LLC 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/282369" } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 220366374.0, "total_employees": 5, "filing_date": "2021-03-17" }, { "period": "2022-10-01", "regulatory_assets_under_management": 261402490.0, "total_employees": 5, "filing_date": "2022-05-26" }, { "period": "2023-10-01", "regulatory_assets_under_management": 273916175.0, "total_employees": 7, "filing_date": "2023-03-23" }, { "period": "2024-10-01", "regulatory_assets_under_management": 297272625.0, "total_employees": 8, "filing_date": "2024-01-18" }, { "period": "2025-10-01", "regulatory_assets_under_management": 318443752.0, "total_employees": 7, "filing_date": "2025-03-07" }, { "period": "2026-10-01", "regulatory_assets_under_management": 328737630.0, "total_employees": 7, "filing_date": "2026-03-02" } ], "recent_changes": [], "fees_from_brochure": null, "custodians": [ { "name": "RBC Capital Markets, LLC", "name_as_filed": "RBC CAPITAL MARKETS, LLC", "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-capital-advisors-llc-west-des-moines-ia-282369.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 42, "fewer_than_5": false, "raum": 328737630.0 } ], "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/282369", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }