Ballast Asset Management

CRD#311116
Investment Advisor Firm

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Learn more about Ballast Asset Management

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Ballast Asset Management is a financial advisory firm located in Dallas, Texas. It manages $66.9 million in total assets over three client accounts. The company has a small group, including 3 financial advisors. Ballast Asset Management does not act as a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments like options, equities and bonds.

    Ballast Asset Management oversees all of its client assets in a discretionary manner. Discretionary management is a structure in which a portfolio manager makes transaction choices without needing the client's authorization. Ballast Asset Management administers about $22.3 million in assets for each customer account. The average financial advisor at Ballast Asset Management administers around one client account, placing it among the most individualized advisor firms in the country.

    Ballast Asset Management's headquarters is at 2911 Turtle Creek Blvd, Dallas, Texas 75219. Ballast Asset Management is legally allowed to provide services to investors in the state of Texas.

    Assets Under Management

    $66.9 million

    Number of Advisors

    3

    Disclosures

    No

    Office Location

    2911 Turtle Creek Blvd
    Dallas, TX 75219

    Ballast Asset Management by the Numbers

    Total Assets Under Management

    $66.9 million

    National Average: $8.6 billion
    Total Number of Employees

    5

    National Average: 64
    Total Number of Accounts

    3

    National Average: 375,227
    Average Account Size

    $22.3 million

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees depend on which services the firm provides the client. However, fees billed by the firm typically consist of the following fee type: asset-based. The firm does not provide a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    It works with high net worth investors and investment companies. Out of its three customers, Ballast Asset Management's biggest client group is high net worth investors, though it also caters to two high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts reside abroad.

    • High-Net-Worth Individuals* - 66.67%
    • Other Individuals - 0%
    • Corporations - 33.33%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Ballast Asset Management does not have any disclosures.

    Please visit its Form ADV for more details.

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