This is a profile preview from the AdvizorPro Platform.
Request a Free TrialFirm Details
- Custodian
- Broadridge ยท Charles Schwab & Company
- Clients
- Retail and Institutional
- Platforms
- Available in AdvizorPro
- Established Date
- 01-19-2017
- Office Locations
- 2
Office Locations
About Ballast Advisors, LLC
Ballast Advisors is a Minnesota-based fiduciary wealth manager providing strategic financial planning and investment management with ongoing monitoring and risk management. The team works with individuals and families, executives, and small business owners on tax, retirement, estate, protection, and executive benefits planning. Investment focus includes active management and asset allocation using ETFs, mutual funds, and fixed income. Emphasis on cybersecurity; custodies with Charles Schwab.
Reported data analysis
What the numbers show
Between November 7, 2025 and March 26, 2026, reported AUM increased 14.8%, from $587.6M to $674.5M.
Across 5 reported observations, AUM increased 27.5% between March 23, 2022 and March 26, 2026, from $528.9M to $674.5M.
Of the latest reported AUM, 96.8% is discretionary and 3.2% is non-discretionary.
The firm reports 6 advisory representatives and 834 clients, or 139 clients per representative. That equates to $808.7K in reported AUM per client.
The profile lists 2 reported office locations and 9 years in operation. The source data was last updated on March 26, 2026. Figures reflect reported regulatory data and may not include subsequent changes.
Team overview
Additional firm insights
Explore the complete firm intelligence record
AdvizorPro subscribers can review Ballast Advisors, LLC's detailed market signals, platform relationships, investment themes, and prospecting intelligence in one place.
Available data coverage
- Asset Classes
- Client Personas
- Custodian
- Investment Themes
- Investment Vehicles
- Platform
- Services
- Technology
Unlock the underlying categories and values
The full Ballast Advisors, LLC record includes the detailed values behind these data categories, along with filters and export-ready prospecting fields.
Owner & Executives
PAUL LOUIS PARNELL
Financial Advisor, Managing Partner, PRINCIPAL, WEALTH ADVISOR
- CRD
- #2704387
- Ownership
- Less than 5%
STEVEN ANDREW SCHMIDT
PRINCIPAL, WEALTH ADVISOR
- CRD
- #2269458
- Ownership
- Less than 5%
Showing 2 of 3 owners & executives
Unlock allContacts
RICHARD GERARD GERCZAK
Private Wealth Advisor
- CRD
- #2489405
James Stephen Heimler
Wealth Advisor
- CRD
- #6791745
Showing 2 of 7 contacts
Unlock allAssets Under Management
| Category | Assets | AVG. Account size |
|---|---|---|
| Discretionary | $652,587,703 | $258,451 |
| Non-Discretionary | $21,889,049 | $384,018 |
| Total | $674,476,752 | $261,223 |
Want deeper insight
into 45,000+ RIAs?
What you're seeing here is just the starting point.
Separately Managed Accounts
SMA allocation detail is available
Ballast Advisors, LLC has reported separately managed account data across 5 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.
13F Holdings | Q2 2026
Review the latest reported holdings
Ballast Advisors, LLC's 13F holdings detail is available for Q2 2026, including issuer, security class, CUSIP, ticker, portfolio weight, and reported value.