Ballast Rock Group forms Ballast Rock Private Wealth to provide financial advice to high net worth individuals with a focus on alternative investments

Ballast Rock Group forms Ballast Rock Private Wealth to provide financial advice to high net worth individuals with a focus on alternative investments

Ballast Rock Group will reorganize internally to create separate asset management and brokerage divisions to support its private equity, real estate and venture capital offerings.

Charleston, South Carolina

–News Direct–

Ballast Rock Group, the diversified investment management firm, today announced the formation of Ballast Rock Private Wealth, an independently managed registered investment adviser, to provide holistic financial advice to high net worth individuals of record.

Ballast Rock Private Wealth will target individuals, families, business owners, entrepreneurs and family offices seeking objective and unbiased guidance, with a particular focus on alternative investments. This builds on the growth of Ballast Rock Asset Management, which has extensive experience in private equity, real estate and venture capital investments.

“We formed Ballast Rock Private Wealth because we felt that individuals and families would benefit from financial advisors who better understand how alternative investments fit into clients’ portfolios,” said Thomas Carroll, founder and CEO of Ballast Rock Group. “Given the performance of the broader markets, we know there is a demand for advice that takes into account all the suitable and appropriate choices for a portfolio. Through this new offering, our RIA will be better equipped to provide clients with more choice. investment”.

Andrew Mescon has joined Ballast Rock Private Wealth as Chief Executive Officer, while Christian Salomone will serve as the company’s Chief Investment Officer. Mr. Mescon joined Ballast Rock Private Wealth from Integrity Financial Corp., where he was Vice President of Wealth Management. Mr. Salomone joins after serving as a Managing Director at Bank of America and Goldman Sachs. Jason Thonssen joined as Director of Compliance and Director of Client Service, after previously working at Coldstream Wealth Management and Integrity Financial.

Ballast Rock Group is being restructured into three separate operating entities, including Ballast Rock Private Wealth. Ballast Rock Asset Management comprises Ballast Rock Ventures, which includes the company’s private equity and venture capital holdings, and Ballast Rock Real Estate, which includes the company’s Sunbelt multi-family real estate funds. Mr. Carroll will continue to lead Ballast Rock Group and Ballast Rock Asset Management. Simon O’Shea remains the Chief Investment Officer at Ballast Rock Asset Management.

Ballast Rock Group is seeking regulatory approval for Ballast Rock Capital, a FINRA-regulated broker-dealer.

In addition, Ballast Rock Group has appointed Dirk Hall as COO. Mr. Hall was most recently COO of Impact Health and a former CEO of medical technology company KKT International.

Ballast Rock Group also appointed Jana Ritt as Director of the Ballast Rock Foundation, the company’s charitable arm, which is committed to alleviating housing insecurity in all its forms.

“With the formation of our wealth management group and the restructuring of our business, Ballast Rock Group is ideally positioned to ensure clients’ financial needs are met reliably, creatively and discreetly so they can take control of their own financial future,” said Mr. Carroll. “The parallel strategies of our solutions and our guidance enable us to deliver on our mission of providing risk-adjusted returns, accurate and timely advice, frequent, high-quality reporting, and direct access to management.”

About Ballast Rock Group

Ballast Rock Group is an integrated investment management company specializing in delivering risk-adjusted returns, accurate and timely advice, frequent high-quality reporting and direct access to management. Ballast Rock Group operates Ballast Rock Asset Management, Ballast Rock Private Wealth and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multi-family real estate funds, and Ballast Rock Ventures, which comprises private equity and venture capital teams. Ballast Rock Private Wealth is a registered investment adviser, with a focus on alternative strategies. Ballast Rock Capital is awaiting approval to become a FINRA registered broker-dealer. Ballast Rock is committed to being an engine of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our shareholders and the community at large.

Contact details

for ballast rock

press@ballastrock.com

Company website

https://www.ballastrock.com/

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