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.

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SEC-registered adviser

B•••••• A•••• M•••••••••

Asset manager (funds and pooled vehicles)Dallas, TexasCRD 311116SEC 801-119749websiteIAPD
Legal name B•••••• A•••• M••••••••• L•
Latest filing Jul 9, 2026
First filing on the tape Oct 7, 2020 · 16 filings
SEC status approved since Nov 9, 2020
RAUM
$221M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$221M
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$221M as of Jul 9, 2026
Mar 30, 2021$11.3M then
HNW client RAUM$1.0M as of Mar 16, 2023
Mar 30, 2021$7.9M then
State-registered IARs (5.B.3)1 as of Jul 9, 2026
Mar 30, 20210 then
Employees (5.A)5 as of Jul 9, 2026
Mar 30, 20217 then
Private funds: no history
RAUM +6.9% over the last fiscal year+49% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Jul 9, 2026; every figure names its basis
Archetypes, each a printed rule
RAUM per advisor
$221MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$110MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
31%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
5.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+6.9%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companiesreportedItem 5.G
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
  • 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$153M69%
  • Pension and profit-sharing plans$67.8M31%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
2reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=0.69 institutional_share=0.31 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
R•••• R• S••••••Chartered Financial AnalystDallas, TxOct 10, 202426 y1
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
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • F••••••• T•••••• W• · Co-Portfolio Managercontrol
    since 05/2023 · owns 10% to 25%
  • K••••••• S••••••• · Ccocontrol
    since 03/2022 · owns less than 5%
  • S••••••••• J••• K•••••• · Co-Portfolio Managercontrol
    since 05/2023 · owns 10% to 25%
  • S••••••• R••••• R• · Managing Partnercontrol
    since 09/2020 · owns 75% or more
  • H••••• W••••••• G•••••• · Chief Financial Officer And Ccocontrol
    since 01/2017 · owns 25% to 50% of I•••••••• C•••••• M••••••••• L••
  • S••••• R•••• M••••• · Manager And Membercontrol
    since 10/2012 · owns 50% to 75% of I•••••••• C•••••• M••••••••• L••
Entity owners
  • I•••••••• C•••••• M••••••••• L•• · General Partner
    direct · owns less than 5%
Related persons
Schedule D 7.A
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • high institutional concentrationStatic outlier · filing Jul 9, 2026
    institutional share of RAUM of 31% against a peer median of 0% (1568 comparable advisers, 100.0th percentile, 10.4 robust deviations)
    peers: asset managers, $100M to $500M (1,568) · 100% percentile
What changed
consecutive filings, newest first
  • Discretionary RAUM · $206M to $221M
    Nov 11, 2025 to Mar 18, 2026
  • Pension RAUM · $47.5M to $67.8M
    Nov 11, 2025 to Mar 18, 2026
  • RAUM · $206M to $221M
    Nov 11, 2025 to Mar 18, 2026
  • Advisory activities · 2 to 3
    Jan 21, 2025 to Feb 12, 2025
  • Financial planning clients · unset to
    Jan 21, 2025 to Feb 12, 2025
  • Discretionary RAUM · $168M to $206M
    Jan 21, 2025 to Feb 12, 2025
  • Pension RAUM · $43.7M to $47.5M
    Jan 21, 2025 to Feb 12, 2025
  • RAUM · $168M to $206M
    Jan 21, 2025 to Feb 12, 2025
  • Accounts · 3 to 2
    Sep 29, 2023 to Mar 22, 2024
  • HNW clients · 2.0 to unset
    Sep 29, 2023 to Mar 22, 2024
  • State-registered IARs · 0 to 1
    Sep 29, 2023 to Mar 22, 2024
  • Discretionary RAUM · $66.9M to $168M
    Sep 29, 2023 to Mar 22, 2024
  • HNW RAUM · 1014864.0 to unset
    Sep 29, 2023 to Mar 22, 2024
  • Pension RAUM · unset to 43703465.0
    Sep 29, 2023 to Mar 22, 2024
  • RAUM · $66.9M to $168M
    Sep 29, 2023 to Mar 22, 2024
  • Accounts · 4 to 3
    Mar 31, 2022 to Mar 16, 2023
  • Advisory employees · 2 to 3
    Mar 31, 2022 to Mar 16, 2023
  • HNW clients · 3 to 2
    Mar 31, 2022 to Mar 16, 2023
  • Employees · 3 to 5
    Mar 31, 2022 to Mar 16, 2023
  • Discretionary RAUM · $49.2M to $66.9M
    Mar 31, 2022 to Mar 16, 2023
  • HNW RAUM · $1.4M to $1.0M
    Mar 31, 2022 to Mar 16, 2023
  • RAUM · $49.2M to $66.9M
    Mar 31, 2022 to Mar 16, 2023
  • Accounts · 14 to 4
    Jan 28, 2022 to Mar 31, 2022
  • Advisory employees · 3 to 2
    Jan 28, 2022 to Mar 31, 2022
  • BD registered reps · 1 to 0
    Jan 28, 2022 to Mar 31, 2022
  • HNW clients · 12 to 3
    Jan 28, 2022 to Mar 31, 2022
  • Employees · 7 to 3
    Jan 28, 2022 to Mar 31, 2022
  • Discretionary RAUM · $11.3M to $49.2M
    Jan 28, 2022 to Mar 31, 2022
  • HNW RAUM · $7.9M to $1.4M
    Jan 28, 2022 to Mar 31, 2022
  • Individual RAUM · 120251.0 to unset
    Jan 28, 2022 to Mar 31, 2022
  • RAUM · $11.3M to $49.2M
    Jan 28, 2022 to Mar 31, 2022
  • Accounts · 0 to 14
    Dec 23, 2020 to Mar 30, 2021
  • BD registered reps · 0 to 1
    Dec 23, 2020 to Mar 30, 2021
  • HNW clients · unset to 12.0
    Dec 23, 2020 to Mar 30, 2021
  • Financial planning clients · 0 to unset
    Dec 23, 2020 to Mar 30, 2021
  • Discretionary RAUM · $0 to $11.3M
    Dec 23, 2020 to Mar 30, 2021
  • HNW RAUM · unset to 7856898.0
    Dec 23, 2020 to Mar 30, 2021
  • Individual RAUM · unset to 120251.0
    Dec 23, 2020 to Mar 30, 2021
  • RAUM · $0 to $11.3M
    Dec 23, 2020 to Mar 30, 2021
  • Advisory activities · 1 to 2
    Oct 13, 2020 to Dec 23, 2020
Signals
6 dated events
  • B•••••• A•••• M••••••••• reported RAUM $168.5M, up 152% from $66.9M (2023-09-29 to 2024-03-22)
    Mar 22, 2024 · RAUM change · derived
  • Krishna Jai Singhania (Co-Portfolio Manager) appeared on Schedule A of B•••••• A•••• M•••••••••
    Sep 29, 2023 · Control person joined · fact
  • W Thomas Fogarty (Co-Portfolio Manager) appeared on Schedule A of B•••••• A•••• M•••••••••
    Sep 29, 2023 · Control person joined · fact
  • Stefanie Kennedy (Cco) appeared on Schedule A of B•••••• A•••• M•••••••••
    Mar 31, 2022 · Control person joined · fact
  • Martin Ryan Small (Manager And Member) appeared on Schedule A of B•••••• A•••• M•••••••••
    Mar 30, 2021 · Control person joined · fact
  • B•••••• A•••• M••••••••• filed its initial SEC registration (Form ADV)
    Oct 7, 2020 · 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
Website
ballastam.comreportedpublic record, Form ADV, Sep 19, 2026
Principal office phone
469-502-3652reportedpublic record, Form ADV, Jul 9, 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
Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor
$221Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026