Ballast Asset Management
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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
Number of Advisors
Disclosures
Office Location
Ballast Asset Management by the Numbers

$66.9 million

5

3

$22.3 million
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
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
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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