Ballast Rock Named to Inc. 5000’s List of Fastest-Growing Companies The firm’s inaugural appearance on the list follows a year of significant growth and diversification.
CHARLESTON, S.C.
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August 17, 2023 10:15 AM Eastern Daylight Time
Ballast Rock, the diversified investment management firm, today announced that the company has been named to the Inc. 5000 list of fastest-growing companies in the United States, marking its inaugural appearance. The firm is ranked No. 1,145 nationally, No. 11 of companies based in South Carolina, and No. 70 in the financial services category.
Over the past year, Ballast Rock has focused on sustainable growth. In November, the company launched Ballast Rock Private Wealth, an independently run, registered investment advisor (RIA) that provides holistic financial advice to accredited high-net-worth investors. Earlier this year, Ballast Rock also established Ballast Rock Capital, its broker-dealer.
“Our appearance on this year’s Inc. 5000 list is a testament to the success of our long-term strategy, which focuses on hiring the right team to broaden the services we provide to best serve our clients in all aspects of their financial lives,” said Thomas Carroll, Founder and Chief Executive Office of Ballast Rock “We are honored to be recognized alongside such distinguished companies and look forward to achieving further noteworthy milestones in the years ahead.”
Between 2021 and 2022, Ballast Rock grew more than seven-fold, adding headcount across all divisions of the business. The firm also more than doubled its assets under management (AUM) during the same period.
Companies on the 2023 Inc. 5000 are ranked according to percentage of revenue growth from 2019 to 2022. To qualify, companies must be generating revenue by March 31, 2019. Additionally, they must be U.S.-based, privately held, for-profit and independent companies—not subsidiaries or divisions of other companies—as of December 31, 2019.
Visit Inc. 50000’s full list of fastest-growing companies: Inc. 5000 2023: First Look at the Companies Building the Future
About Ballast Rock
Ballast Rock is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent 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 multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a registered investment advisor, with a focus on alternative strategies. Ballast Rock Capital (member FINRA/SIPC) is an SEC-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community.
Investment Disclosure
The information contained in this press release has been prepared by Ballast Rock Holdings LLC (“Ballast Rock”) without reference to any particular reader’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please consider carefully the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (“BRC”), MEMBER: FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS.
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