Ballast Financial Advisors, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$324,632,763
Clients
602
Advisors
6
across 3 offices
About
Ballast Financial Advisors serves a mix of individual and high‑net‑worth clients as well as trusts, employer plans and other business entities, providing asset management, standalone financial planning, and retirement plan consulting. The firm also assists clients by selecting and monitoring third‑party money managers as part of its asset management services.
Portfolios are tailored and monitored on an ongoing basis with a mix of strategic, dynamic, tactical and core‑satellite asset allocation approaches, and the firm employs a range of analytical methods (fundamental, technical, quantitative and sector analysis) and instruments (fixed income, equities, options, margin and short/long‑term trading). Notably, Ballast reports managing the majority of its regulatory assets on a non‑discretionary basis — approximately $213.5 million non‑discretionary versus $129.1 million discretionary of $342.6 million total AUM — and continues to provide individualized oversight even when not granted full trading discretion.
Distinctive features disclosed in the firm brochure include an affiliation with a CPA practice owned by a firm principal, which the firm acknowledges as a potential conflict and says it will recommend only when in a client’s best interest, and its role as a wrap fee program sponsor on a legacy basis (no new wrap accounts will be accepted). The firm also combines investment management with broader consulting services — from tax and corporate structure advisory to cost segregation and participant education for retirement plans — reflecting a multi‑disciplinary service model that the firm highlights in its disclosures.
Client services
Expertise
Fee options
Flat fees up to $10,000 for financial planning, consulting, and retirement plan consulting services
Hourly fees up to $500/hour for financial planning and consulting services
Fee-only: Hourly fees up to $500/hour; flat fees up to $10,000 for financial planning and consulting services
Main office
See office535 N. Church St., Suite 205
West Chester PA 19380
Advisors at this office
3
Offices (3)
Most active in
California · Delaware · Florida · Georgia · Louisiana · Maryland · New Jersey · New York · North Carolina · Pennsylvania · South Carolina · Texas · Virginia
Also doing business as
Anchor Capital Management · Anchor Capital Management LLC · Ballast Financial Advisors · Ballast Financial Advisors, LLC · Bfacfp, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Kevin W
CFP®, Series 65
Annapolis, MD
Ballast Financial Advisors, LLC
Kevin Wrenn is a CFP® with 10 years of industry experience, currently serving as an advisor at Ballast Financial Advisors, LLC. Prior to joining Ballast in 2020, he worked at Anchor Capital Management LLC from 2015 to 2021. Outside of his advisory role, he is an assistant high school basketball coach with Anne Arundel County Public Schools. Ballast Financial Advisors, LLC serves individual and high-net-worth clients, trusts, pension plans, and corporate clients, offering asset management, financial planning, and retirement plan consulting. The firm employs a variety of analytical methods and may use third-party money managers, managing portfolios on both discretionary and non-discretionary bases.
Daniel M
CFP®, Series 63, Series 66
West Chester, PA
Ballast Financial Advisors, LLC
Daniel Mchugh is a CFP® with 30 years of industry experience, currently serving at Ballast Financial Advisors, LLC. His prior roles include positions at Ameriprise Financial Services, Inc., Purshe Kaplan Sterling Investments, and Origin Financial. Outside of his advisory work, he serves as a director on the board of the Media Rugby Football Club. Ballast Financial Advisors, LLC provides asset management, financial planning, and retirement plan consulting to individual and high-net-worth clients, trusts, pension/profit-sharing plans, and corporate clients. The firm employs a variety of analytical methods and may use third-party money managers, offering both discretionary and non-discretionary portfolio management.
Jake B
Series 65
West Chester, PA
Ballast Financial Advisors, LLC
Jake Burnham is a financial advisor at Ballast Financial Advisors, LLC in West Chester, PA. He holds a Series 65 designation and has one year of industry experience. His background includes teaching positions at West Chester University and Montgomery County Community College, as well as roles at Robert W. Burnham Inc. Ballast Financial Advisors serves individual and high-net-worth clients, trusts, employer plans, and business entities by providing asset management, financial planning, and retirement plan consulting. The firm employs a variety of asset allocation strategies and analytical methods, managing both discretionary and non-discretionary portfolios while offering integrated services that include tax and corporate structure advisory.
Daniel E
CFP®, Series 65
West Chester, PA
Ballast Financial Advisors, LLC
Daniel Elser is a CFP® and holds a Series 65 license with six years of industry experience. He has worked at Ballast Financial Advisors, LLC since 2019 and previously held roles at Ameriprise Financial and Keystone State Insurance. Outside of his advisory role, he is involved in personal home and auto insurance sales. Ballast Financial Advisors, LLC serves individual and high-net-worth clients, trusts, pension and profit-sharing plans, and corporate clients. The firm provides asset management, financial planning, and retirement plan consulting using a range of investment strategies and analytical methods tailored to each client.
Joseph B
CFP®, Series 66
Georgetown, DE
Ballast Financial Advisors, LLC
Joseph Baker is a CFP® and holds a Series 66 license with 16 years of industry experience. He is currently with Ballast Financial Advisors, LLC, where he has worked since 2019 and serves as Managing Member and Chief Compliance Officer. His prior experience includes roles at Ameriprise Financial Services, Inc., Purshe Kaplan Sterling Investments, and Origin Financial. Baker is also the owner of a CPA firm, Ballast & Associates, LLC, which provides tax advisory services. Ballast Financial Advisors, LLC serves individual and high-net-worth clients, as well as trusts, pension/profit-sharing plans, and corporate clients. The firm offers asset management, financial planning, and retirement plan consulting, employing a range of analytical methods and occasionally third-party managers to implement individualized portfolios.
Mark M
CFP®, Series 65
Georgetown, DE
Ballast Financial Advisors, LLC
Mark May is a CFP® with two years of industry experience, currently serving as a financial advisor at Ballast Financial Advisors, LLC. His prior experience includes roles at JP Morgan Chase & Co. and various positions outside finance. He serves on the board of directors for People's Place, a nonprofit addressing social and mental health needs in Delaware. Ballast Financial Advisors, LLC serves individual and high-net-worth clients as well as trusts, pension/profit-sharing plans, and corporate clients. The firm offers asset management, standalone financial planning, and retirement plan consulting, employing a mix of analytical methods and occasionally using third-party money managers to implement client strategies.
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