SS
CFP · ChFC

Steven Andrew Schmidt

32 Years of Experience

Firm Information

Compensation
Commission-BasedFee-Only (AUM)Fixed/Hourly
Number of Advisors
5 advisors
Number of Clients
803 clients
Average Client Portfolio
$732K average
Assets Under Management
$587.6M

Fee Structure

Minimum Investment:None
Financial Plan Fee:$750 - $25,000

Fees for investment management and wealth management services vary between 0.50% and 2.00% annually, based on assets under management and service complexity. Financial planning and consulting fees range from $750 to $25,000, depending on the scope and complexity of the services. Ballast Advisors does not impose a stated minimum fee or minimum portfolio value for starting and maintaining an investment management relationship.

Areas of Practice
Financial Planning & CoachingRetirement PlanningTax PlanningEstate PlanningInsurance PlanningCharitable GivingInvestment Management
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Advisor Information

Office location

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

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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
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 · 8 yrs 11 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
Exams
No exam information available for this advisor.