Wealth Management Executive Jim Carroll Joins Ballast Rock Private Wealth as Senior Wealth Advisor and Portfolio Manager Mr. Carroll, who will be based out of Ballast Rock’s Charleston office, will manage portfolios for high-net-worth families and individuals.
CHARLESTON, S.C.
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September 05, 2023 10:00 AM Eastern Daylight Time
Ballast Rock Private Wealth (“BRPW”), an independently run Registered Investment Advisor that provides holistic financial advice to accredited high-net-worth individuals, today announced that Jim Carroll has joined the firm as Senior Wealth Advisor and Portfolio Manager.
Mr. Carroll was most recently Senior Vice President and Portfolio Manager at Toroso Advisors, which he joined in June 2019. Previously, he founded Long Run Capital Management in 2003 to manage investments for high-net-worth families and related trusts and charitable vehicles.
“Jim is the perfect fit as we continue to grow and scale Ballast Rock Private Wealth,” said Andrew Mescon, Chief Executive Officer of BRPW. “His decades of experience in dealing with the complexities of a high-net-worth client base complement our team’s experience in broad portfolio management and financial planning. We are excited for what he will bring to our clients and our culture.”
Mr. Carroll, who will be based in BRPW’s Charleston offices, specializes in systematic ETF strategies designed to achieve specific objectives. He is also the author of the popular X (formerly Twitter) financial account Vixologist, which discusses volatility trends in public markets.
“I am thrilled to be joining the experienced team at Ballast Rock Private Wealth,” Mr. Carroll said. “The team’s commitment to taking a holistic approach to wealth management and bringing more in-depth and sophisticated thinking to clients is precisely what many affluent and high-net-worth families expect now. It is an honor to be a part of this firm’s growth.”
In addition to working in wealth management, Mr. Carroll's previous experience includes four years as Chief Financial Officer of a NASDAQ-listed company and 16 years as an investment banker with Smith Barney, Kidder Peabody, and Bear Stearns.
He also served four years of active duty as an officer in the U.S. Army. Mr. Carroll earned a Bachelor of Arts in Psychology from Claremont McKenna College and an MBA from Harvard Business School.
BRPW was formed last year by investment management firm Ballast Rock to help individuals, families, business owners, entrepreneurs, and family offices seeking objective, unbiased guidance, with an enhanced focus on alternative investments.
About Ballast Rock Group
Ballast Rock Group 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 is awaiting approval to become a FINRA-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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