Ballew Advisors Inc (Jackson)

Name: Ballew Advisors Inc
Address: 4800 I 55 North, Jackson, MS, 39211
Telephone: 601-368-3500

Ballew Advisors Inc is a large advisory firm based in Jackson. It manages $571.23 million of regulatory assets for 1,086 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Georgia, Louisiana, and 6 other states.

Ballew Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and publication of newsletters. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ballew Advisors: assets under management

The assets under management (AUM) of Ballew Advisors Inc is $571.23 million. The firm's AUM has grown by 21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $546.96 million in discretionary accounts and $24.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $505.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.07 million.

Investments

The firm invests in investment and business development companies the most. They account for 75% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Ballew Advisors Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Albert Hurt serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of James Albert Hurt is individuals with 996 clients and $399.31 million of assets under management. Among the 10 most similar advisory firms, Ballew Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $571.23 million for 1,082 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Ballew Advisors also advises several private funds. Namely, one other private fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Ballew Advisors Inc

The company employs 10 people that are either part- or full-time employees. 90 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

James Albert Hurt has been acting as President since 1 Jan 2006. Mary Patricia Martin joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Security Ballew	Parent company/sole shareholder	1 Jun 1988	75% - 100%	36-4300994
Karl Edgar Byrd	Vice president/director	1 Mar 1991	Other	874943
Patrick W Mcnulty	Chief operations officer/director	1 Jan 2000	Other	4369070
Maston Leland Ballew	Chairman of the board	1 Dec 2004	Other	1031543
Thomas Douglas Dale	Corporate secretary	1 Aug 2005	Other	2586868
James Albert Hurt	Vice president/director	1 Jan 2006	Other	718099
Clyde Brooks Mosley	Chief executive officer/chief compliance officer/president/director	1 Jan 2006	Other	1517941
Mary Patricia Martin	Chief compliance officer	1 Oct 2006	Other	2840275

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. S B Holding Company	Sole shareholder of security ballew, inc.	1 Jan 2005	75% - 100%	20-2099253

Based in Jackson

The principal office where Ballew Advisors Inc performs its advisory services is located at 4800 I 55 North, Jackson, MS 39211 The mailing address of the firm is P.O. Box 14888, Jackson, MS 39236 4888. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 601-368-3500 or by fax 601-368-3555. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at ballewwealth.com/.