# Ballast Financial Advisors, LLC

> Ballast Financial Advisors, LLC is an SEC-registered investment advisory firm in West Chester, PA, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 17, 2026.

- CRD: 304430
- Filed as: BALLAST FINANCIAL ADVISORS, LLC
- Also doing business as: ANCHOR CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: West Chester, PA
- Filing period: October 2026
- Form ADV filing dated: March 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/304430
- AdvisorCensus page: https://advisorcensus.com/firm/ballast-financial-advisors-llc-west-chester-pa-304430

## Quick answers

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

**How much does Ballast Financial Advisors, LLC charge?**
Its Form ADV Part 2A brochure dated March 17, 2026 states: Flat fee: $10,000 (financial planning and consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

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

**Is Ballast Financial Advisors, LLC registered with the SEC or a state?**
Ballast Financial Advisors, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 304430.

**How much does Ballast Financial Advisors, LLC manage?**
Ballast Financial Advisors, LLC reports $342,648,784 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (38% discretionary).

**How have Ballast Financial Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Ballast Financial Advisors, LLC: Regulatory assets under management: $121,091,702 in the October 2021 data and $342,648,784 in the October 2026 data, up 183%. Total employees: 6 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ballast Financial Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (482); high net worth individuals (120); corporations or other businesses not listed above (5).

**Which custodians does Ballast Financial Advisors, LLC use?**
Ballast Financial 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 Financial Advisors, LLC report any disciplinary disclosures?**
Reports 6 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(3) (SEC or CFTC finding of causing a business's authorization to be denied, suspended, revoked, or restricted), 11.C(4) (SEC or CFTC order), 11.D(2) (another regulator's finding of a violation), 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction), and 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/304430

**What changed in Ballast Financial Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 6 to 5. Regulatory assets under management went from $276,381,883 to $342,648,784 (+24%). Registered or notice-filed in NY.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 17, 2026)

- Flat fee: $10,000 (financial planning and consulting services)

> Our Retirement Plan Consulting services are billed on a flat fee basis or a fee based on the percentage of Plan assets under management. The total estimated fee, as well as the ultimate fee charged, is based on the scope and complexity of our engagement with the client . Flat fees will not exceed $10,000.

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: $342,648,784
- Discretionary: $129,103,542
- Non-discretionary: $213,545,242

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 482 | $117,006,433 |
| High net worth individuals | 120 | $207,626,330 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $17,885,143 |
| Corporations or other businesses not listed above | 5 | $130,878 |

### 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
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2019 (7 years)
- Employees: 5 total, 5 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CA, DE, FL, GA, LA, MD, NC, NJ, NY, PA, SC, TX, VA
- Disclosures (Item 11): Reports 6 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(3): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/304430

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Annapolis, MD
- Georgetown, DE

### Websites listed on Form ADV (Item 1.I)
- anchorcap.net
- ballastfa.com
- Facebook @BallastFAWestChesterPA
- LinkedIn @DANIEL-MCHUGH-98719730
- LinkedIn @JAKEBURNHAM05
- LinkedIn @JOSEPH-BAKER-CPA-CFP
- LinkedIn @anchor-capital-management-llc
- LinkedIn @ballast-financial-advisors
- LinkedIn @daniel-e-70036014a
- LinkedIn @markallenmay

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $121,091,702 | 6 | September 27, 2021 |
| October 2022 | $233,890,130 | 5 | August 9, 2022 |
| October 2023 | $200,761,596 | 7 | March 17, 2023 |
| October 2024 | $247,372,928 | 6 | February 28, 2024 |
| October 2025 | $276,381,883 | 6 | March 14, 2025 |
| October 2026 | $342,648,784 | 5 | March 17, 2026 |

Regulatory assets under management: $121,091,702 in the October 2021 data and $342,648,784 in the October 2026 data, up 183%.
Total employees: 6 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 6 to 5.
- Regulatory assets under management went from $276,381,883 to $342,648,784 (+24%).
- Registered or notice-filed in NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ballast Financial Advisors, LLC (CRD 304430): Form ADV filing data as of October 2026.