AdvisorCensus / Financial advisors / Kentucky / Lexington / Ballast, Inc.
Ballast, Inc. is an SEC-registered investment advisory firm in Lexington, KY, registered since 2014, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 14, 2026.
Quick answers
From the filingHow is Ballast, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Ballast, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.
Where is Ballast, Inc. located?
Ballast, Inc.'s principal office is in Lexington, KY, according to its Form ADV.
Is Ballast, Inc. registered with the SEC or a state?
Ballast, Inc. is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 152695.
How much does Ballast, Inc. manage?
Ballast, Inc. reports $751,516,845 in regulatory assets under management in its Form ADV filing dated July 14, 2026 (93% discretionary).
How have Ballast, Inc.'s assets and staff changed since 2021?
In the Form ADV data for Ballast, Inc.: Regulatory assets under management: $358,398,083 in the October 2021 data and $751,516,845 in the October 2026 data, up 110%. Total employees: 9 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Ballast, Inc. serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (237); high net worth individuals (217); pension and profit sharing plans (but not the plan participants or government pension plans) (17).
Which custodians does Ballast, Inc. use?
Ballast, Inc.'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, Inc. 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/152695
Does Ballast, Inc. state an account minimum?
Its Form ADV Part 2A brochure dated February 27, 2026 says: "Ballast generally does not impose a minimum account size for establishing a relationship."
What changed in Ballast, Inc.'s recent Form ADV filings?
In the August 2026 filing data: Registered or notice-filed in VA.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies; see the brochure for them.
Account minimum: None
The brochure's wording
Ballast generally does not impose a minimum account size for establishing a relationship.
As stated in the firm's Form ADV Part 2A brochure dated February 27, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$751,516,845 as of October 2026, filing dated July 14, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2014 (12 years)
- Employees
- Total: 12. Performing investment advisory functions: 8.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
10 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $751,516,845 | 12 | July 14, 2026 |
| October 2025 | $625,203,027 | 12 | February 28, 2025 |
| October 2024 | $543,897,082 | 12 | February 21, 2024 |
| October 2023 | $423,413,984 | 12 | October 3, 2023 |
| October 2022 | $462,991,449 | 6 | March 4, 2022 |
| October 2021 | $358,398,083 | 9 | September 7, 2021 |
Regulatory assets under management: $358,398,083 in the October 2021 data and $751,516,845 in the October 2026 data, up 110%.
Total employees: 9 in October 2021 and 12 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- August 2026
- Registered or notice-filed in VA.
- March 2026
- Employees performing advisory functions went from 6 to 8.
- Regulatory assets under management went from $625,203,027 to $751,516,845 (+20%).
- December 2025
- Registered or notice-filed in CO.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Ballast, Inc. (CRD 152695): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/ballast-inc-lexington-ky-152695