BALLAST ADVISORS, LLC

C32
CRD 285991·SEC 801-108984·WOODBURY, MN
AUM
$674.5M
$500M-$1B
Est. Revenue
$6.7M
@ 1% on AUM
Est. EBITDA
$2.0M
@ 30% margin
Est. Deal Value
$16.2M
@ 8× EBITDA

Identity

Registrations & legal identity

Legal name
BALLAST ADVISORS, LLC
CRD
285991
SEC file #
801-108984
EIN
815217330
DBA names

Economics

AUM
$674.5M
AUM band
$500M-$1B
AUM trajectory
'20'26
$341.0M → $674.5M▲ +98%
Client mix
Individuals Other645
Individuals High Net Worth169
Corporations15
Pension Profit Sharing Plans1
Charitable Organizations1

Operations

Employees (total)
15
Advisory staff (per ADV)
6
Advisory staff (5-yr trend)
'20'26
6 advisors → 6 advisors▬ 0%
Primary office
WOODBURY MN
Branches

Custodian & Brokerage

Primary custodian
Charles Schwabmedium confidence
Services offered
Financial planningPortfolio mgmt — individualsPortfolio mgmt — businessesPension consulting
Fee basis
% of AUMFixed feesCommissions

Filings

Latest ADV filing
03/26/2026
ADV-W filed at

Compliance

Disclosures (firm)
0
Trademark
Additional signalsExpand ▾

Ownership & succession ★

Who controls the firm + pre-computed succession flags

Top Owner Name
PARNELL & ASSOCIATES, INC.
Top Owner Pct
62.5
Top Owner Entity Kind
DE
Owner Count
5
Control Persons
PARNELL & ASSOCIATES, INC.
S SCHMIDT & ASSOCIATES LLC
Solo Advisor Indicator
No
Succession Risk Solo Owner
No
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
fallback_guess:ballast.com

Retirement-plan book (Form 5500) ★

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

Retirement Plan Book
No

SEC EDGAR

Edgar Cik
0001803415
Edgar Registered
Yes
Edgar Filing Count
29
Edgar First Filing Date
2020-02-14
Edgar Last Filing Date
2026-05-13
Edgar 13f Count
27
Edgar 13f Latest AUM Estimate
Filing Date2026-05-13
Accession0001803415-26-000002

Compliance & brand

Firm Registration Status
active

All other collected signals (11)

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
6
Bc Firm IAR Count
6
Custodian Candidates
Window
Charles Schwab1
Full
Charles Schwab7
E*trade4
Edgar Addresses
Mailing
683 BIELENBERG DRIVESUITE 208WOODBURY, MN 55125-1705
Business
683 BIELENBERG DRIVESUITE 208WOODBURY, MN 55125-1705
Edgar EIN
815217330
Edgar Recent Filings
13F-HR2026-05-13 · 0001803415-26-000002
13F-HR2026-02-03 · 0001398344-26-001934
Firm Has Custody
Yes
Mailing Office Differs
No
Trust Company Affiliate
No