TrueAdvisor
TrueAdvisor
SS
CFP · ChFC
SS
CFP · ChFC

Steven Schmidt

Ballast Advisors, LLC
33 Years of Experience
St. Paul, MN
1 DisclosureMay Earn CommissionSells Insurance
View SEC Summary
View SEC Summary

Steven Schmidt is a CFP, ChFC-designated registered investment advisor at Ballast Advisors, LLC, based in St. Paul, MN, with 33 years of industry experience. Their practice areas include Business Owners, Charitable Giving, Education Planning, Estate Planning, and 6 more. Their firm serves 831 clients with $670M in assets under management.

Ballast Advisors, LLC
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
6 advisors
Number of Clients
831 clients
Average Client Portfolio
$812K average
Assets Under Management
$674.5M

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

Annual management fee generally ranges from 50 to 200 basis points (0.50% to 2.00%), varying based on portfolio size, composition, investment strategy, and services rendered. Fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

2550 University Ave. W., Suite 314N, St. Paul, MN, 55114

Get directions

History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
December 2002
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Steven owns commercial real estate. He is also an independent insurance agent with various insurance companies.

Employment History
Current Registrations
Ballast Advisors, LLC
February 2017 - Present · 9 yrs 8 mos
Previous Registrations
Ameriprise Financial Services, INC.
October 2012 - February 2017 · 4 yrs 4 mos
Ameriprise Financial Services, INC.
July 2009 - December 2010 · 1 yr 5 mos
Ameriprise Financial Services, INC.Broker
January 1993 - February 2017 · 24 yrs 1 mo
Ids Life Insurance CompanyBroker
January 1993 - July 2006 · 13 yrs 6 mos
State Registrations2 states
MNTX
Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
More Advisors
More financial advisors in St. Paul, MN →All financial advisors in Minnesota →