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BALLAST CAPITAL ADVISORS LLC

C42
CRD 282369·SEC 801-120829·WEST DES MOINES, IA
AUM
$328.7M
$100M-$500M
Est. Revenue
$3.3M
@ 1% on AUM
Est. EBITDA
$986K
@ 30% margin
Est. Deal Value
$7.9M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
BALLAST CAPITAL ADVISORS LLC
CRD
282369
SEC file #
801-120829
EIN
—
DBA names
Ballast Capital Advisors, Llc

Economics

AUM
$328.7M
AUM band
$100M-$500M
AUM trajectory
'22'26
$220.4M → $328.7M▲ +49%
Client mix
Individuals High Net Worth42

Operations

Employees (total)
7
Advisory staff (per ADV)
3
Advisory staff (5-yr trend)
'22'26
3 advisors → 3 advisors▬ 0%
Primary office
WEST DES MOINES IA
Branches
—

Custodian & Brokerage

Primary custodian
E*Tradelow confidence
Services offered
Financial planningPortfolio mgmt — individuals
Fee basis
% of AUMFixed fees

Filings

Latest ADV filing
03/02/2026
ADV-W filed at
—
Website
ballast-advisors.com

Compliance

Disclosures (firm)
0
Trademark
—
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
CARSTENSEN, GREGORY, GEORGE
Top Owner Pct
87.5
Top Owner Entity Kind
I
Owner Count
2
Control Persons
CARSTENSEN, GREGORY, GEORGE
HARMS, STEVEN, PAUL
Solo Advisor Indicator
No
Succession Risk Solo Owner
Yes
Is Parent Owned Subsidiary
No

Availability / M&A ★

Already-acquired = skip; deal comps

Adv W Filed
No

Web presence ★

Stale website = winding down

Web Signal Quality
ok
Rdap Domain
BALLAST-ADVISORS.COM
Rdap Domain Creation Date
2015-12-01T00:17:53Z
Rdap Firm Age Years
11
Rdap Firm Age Band
10-20y
Rdap Registrar
GoDaddy.com, LLC

Retirement-plan book (Form 5500) ★

401(k)/plan business — cross-sell value

Retirement Plan Book
No

SEC EDGAR

Edgar Registered
No

Compliance & brand

Firm Registration Status
active

All other collected signals (14)

Everything else we've pulled for this record, not yet curated into a section.

Adv W Recently Filed
No
Bc Firm Active Bc Count
0
Bc Firm Active IA Count
3
Bc Firm IAR Count
3
Custodian Candidates
Full
E*trade4
Firm Has Custody
No
Mailing Office Differs
No
Rdap Domain Expiration Date
2026-12-01T00:17:53Z
Rdap Domain Last Changed
2025-12-01T18:32:02Z
Rdap Nameservers
Ns1.mediatemple.netNs2.mediatemple.net
Rdap Secure Dns Enabled
No
Rdap Status
Client Delete ProhibitedClient Renew ProhibitedClient Transfer ProhibitedClient Update Prohibited
Top Owner CRD
5901323
Trust Company Affiliate
No

People (4)

4
CARSTENSEN, GREGORY, GEORGE
IAR · Direct Owner · 87.5%
5901323
HARMS, STEVEN, PAUL
Executive Officer · 2.5%
5729413
CHAD CARSTENSEN
IAR
5884674
Patrick Joseph Freund
IAR
6780980