DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Ballast Advisors, LLC
Latest filing Mar 26, 2026
First filing on the tape Jan 13, 2017 · 21 filings
SEC status approved since Jan 19, 2017
RAUM
$674M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
97%
$656M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$112M
derived; firm RAUM over IAPD count
Employees
15
6 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
21 filings and snapshots on the tape
RAUM$674M as of Mar 26, 2026
Mar 7, 2018$351M then
HNW client RAUM$369M as of Mar 26, 2026
Mar 7, 2018$54.1M then
State-registered IARs (5.B.3)6 as of Mar 26, 2026
Mar 7, 20187 then
Employees (5.A)15 as of Mar 26, 2026
Mar 7, 201816 then
Private funds: no history
RAUM +15% over the last fiscal year+13% a year over threeIARs 4 to 6
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- RAUM per advisor
- $112MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 136derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.2MderivedHNW RAUM over HNW clients
- Average account
- $261,223derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 97%derivedof RAUM
- Institutional
- 0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.5derivedItem 5.A over advisors
- Advisors per office
- 2.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- +50%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +1.9%derived
- Compensation
- percentage of assets, fixed fees, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- Custody
- $268M, 441 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$369M55%
- Individuals$287M43%
- Corporations and businesses$15.5M2.3%
- Pension and profit-sharing plans$2.3M0.3%
- Charitable organizations$475,6510.1%
- Individual clients
- 645reported
- HNW clients
- 169reported
- Pension plan clients
- 1reported
- Charitable clients
- 1reported
- Accounts
- 2,582reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- noreported
- Custody of client assets
- $268M for 441 clientsreported
- Compensation
- % of AUM, fixed, commissionsreported
- Class basis
- private_client_share=0.97 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Richard Matthias JuckelCertified Financial Planner | Woodbury, Mn | Feb 2, 2017 | 20 y | 2 |
| Steven Andrew SchmidtCertified Financial Planner, Chartered Financial Consultant | St. Paul, Mn | Feb 2, 2017 | 33 y | 1 |
| Richard Gerard GerczakCertified Financial Planner | Woodbury, Mn | Feb 2, 2017 | 32 y | 1 |
| Paul Louis Parnell | Woodbury, Mn | Feb 2, 2017 | 30 y | 1 |
| James Stephen HeimlerCertified Financial Planner | Woodbury, Mn | Feb 7, 2025 | 9 y | 1 |
| Noah Johnson | Saint Paul, Mn | Nov 11, 2025 | 12 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Scott Andrew Peterson to Advisory Services NetworkFeb 22, 2023 · RIA to RIA
- Michael James Nesheim to Bluespring Wealth Management, LLCApr 1, 2019 · RIA to RIA
- Luke Thomas Johnson to Boreal Advisors LLCMar 7, 2019 · RIA to a state-registered adviser
Joined, latest
- James Stephen Heimler from Gradient Advisors, LLCFeb 7, 2025 · RIA to RIA
- Richard Gerard Gerczak from Ameriprise Financial Services, LLCFeb 2, 2017 · Affiliated broker-dealer or bank to a newly registered adviser
- Luke Thomas Johnson from Ameriprise Financial Services, LLCFeb 2, 2017 · Affiliated broker-dealer or bank to a newly registered adviser
- Paul Louis Parnell from Ameriprise Financial Services, LLCFeb 2, 2017 · Affiliated broker-dealer or bank to a newly registered adviser
- Scott Andrew Peterson from Ameriprise Financial Services, LLCFeb 2, 2017 · Affiliated broker-dealer or bank to a newly registered adviser
- Steven Andrew Schmidt from Ameriprise Financial Services, LLCFeb 2, 2017 · Affiliated broker-dealer or bank to a newly registered adviser
- Michael James Nesheim from Ameriprise Financial Services, LLCFeb 2, 2017 · Affiliated broker-dealer or bank to a newly registered adviser
- Richard Matthias Juckel from Ameriprise Financial Services, LLCFeb 2, 2017 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Ameriprise Financial Services, LLCFeb 7, 2017 · Punta Gorda, Fl
- 4 joined from Ameriprise Financial Services, LLCFeb 3, 2017 · Arden Hills, Mn
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Gerard Richard Gerczak · Principal, Wealth Advisor, & Chief Compliance Officercontrolsince 02/2017 · owns less than 5%
- Louis Paul Parnell · Principal And Wealth Advisorcontrolsince 02/2017 · owns less than 5%
- Andrew Steven Schmidt · Principal And Wealth Advisorcontrolsince 02/2017 · owns less than 5%
- Gerard Richard Gerczak · Principal And Chief Compliance Officercontrolsince 01/2018 · owns 75% or more of Gerczak & Associates LLC
- Louis Paul Parnell · Managing Principal And Wealth Advisorcontrolsince 02/2017 · owns 75% or more of Parnell & Associates, Inc.
- Andrew Steven Schmidt · Principal And Wealth Advisorcontrolsince 01/2018 · owns 75% or more of S Schmidt & Associates LLC
Entity owners
- Gerczak & Associates LLC · Managing Memberdirect · owns 25% to 50%
- Parnell & Associates, Inc. · Managing Memberdirect · owns 50% to 75%
- S Schmidt & Associates LLC · Managing Memberdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- Ballast Tax & Business Services, LLCinsurancen
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Woodbury, Mn · principal | 5 | 0 | 0 | ||
| St Paul, Mn | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- St. Paul, MN2 employees
- Punta Gorda, FL1 employees
What changed
consecutive filings, newest first
- Accounts · 2,449 to 2,582Nov 7, 2025 to Mar 26, 2026
- Advisory employees · 4 to 6Nov 7, 2025 to Mar 26, 2026
- Corporate clients · 2 to 15Nov 7, 2025 to Mar 26, 2026
- HNW clients · 119 to 169Nov 7, 2025 to Mar 26, 2026
- Individual clients · 680 to 645Nov 7, 2025 to Mar 26, 2026
- State-registered IARs · 4 to 6Nov 7, 2025 to Mar 26, 2026
- Discretionary RAUM · $569M to $653MNov 7, 2025 to Mar 26, 2026
- HNW RAUM · $252M to $369MNov 7, 2025 to Mar 26, 2026
- Individual RAUM · $333M to $287MNov 7, 2025 to Mar 26, 2026
- Non-discretionary RAUM · $19.0M to $21.9MNov 7, 2025 to Mar 26, 2026
- Pension RAUM · $1.9M to $2.3MNov 7, 2025 to Mar 26, 2026
- RAUM · $588M to $674MNov 7, 2025 to Mar 26, 2026
- Accounts · 2,466 to 2,449Feb 29, 2024 to Mar 27, 2025
- Advisory employees · 5 to 4Feb 29, 2024 to Mar 27, 2025
- Charity clients · unset to 1.0Feb 29, 2024 to Mar 27, 2025
- Corporate clients · unset to 2.0Feb 29, 2024 to Mar 27, 2025
- HNW clients · 131 to 119Feb 29, 2024 to Mar 27, 2025
- Individual clients · 679 to 680Feb 29, 2024 to Mar 27, 2025
- Pension plan clients · unset to 1.0Feb 29, 2024 to Mar 27, 2025
- Assets in custody · $240M to $268MFeb 29, 2024 to Mar 27, 2025
- Employees · 16 to 15Feb 29, 2024 to Mar 27, 2025
- Financial planning clients · 251-500 to 251-500Feb 29, 2024 to Mar 27, 2025
- Discretionary RAUM · $496M to $569MFeb 29, 2024 to Mar 27, 2025
- HNW RAUM · $251M to $252MFeb 29, 2024 to Mar 27, 2025
- Individual RAUM · $260M to $333MFeb 29, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $16.7M to $19.0MFeb 29, 2024 to Mar 27, 2025
- Pension RAUM · $1.3M to $1.9MFeb 29, 2024 to Mar 27, 2025
- Pooled vehicle RAUM · 0.0 to unsetFeb 29, 2024 to Mar 27, 2025
- RAUM · $512M to $588MFeb 29, 2024 to Mar 27, 2025
- Accounts · 2,704 to 2,466Aug 17, 2023 to Feb 29, 2024
- Corporate clients · 5.0 to unsetAug 17, 2023 to Feb 29, 2024
- HNW clients · 129 to 131Aug 17, 2023 to Feb 29, 2024
- Individual clients · 743 to 679Aug 17, 2023 to Feb 29, 2024
- Pension plan clients · 5.0 to unsetAug 17, 2023 to Feb 29, 2024
- Assets in custody · unset to 239615802.0Aug 17, 2023 to Feb 29, 2024
- Custody of client assets · false to trueAug 17, 2023 to Feb 29, 2024
- Employees · 14 to 16Aug 17, 2023 to Feb 29, 2024
- Financial planning clients · More than 500 to 251-500Aug 17, 2023 to Feb 29, 2024
- Discretionary RAUM · $455M to $496MAug 17, 2023 to Feb 29, 2024
- HNW RAUM · $215M to $251MAug 17, 2023 to Feb 29, 2024
Signals
2 dated events
- Scott Andrew Peterson left Ballast Advisors, Llc for Advisory Services Network (registered 2023-06-12)Feb 22, 2023 · Advisor changed firm · fact
- Asher Advisors, Llc filed its initial SEC registration (Form ADV)Jan 13, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- info@ballastadvisors.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 651-200-3100reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 651-200-3119reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 651-478-4644reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/ballast-advisorsreportedpublic record, Form ADV, Sep 17, 2026
- Website
- BALLASTADVISORS.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (651) 478-4644reportedpublic record, Form ADV, Mar 26, 2026
- Team page
- ballastadvisors.com/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $112Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026