Ballast Rock Group has announced the formation of Ballast Rock Capital (BRC), a SEC-registered broker-dealer. The broker-dealer initially will handle transactions for Ballast Rock Asset Management.
Ballast Rock Group launched in 2018, with a focus on the workforce multifamily housing market throughout the Southeast, creating income-generating, tax-shielded, diversified real estate funds with a positive social impact. The company later expanded into direct investment in clean energy, as well as venture capital.
“The creation of our broker-dealer is yet another step in the growth and development of Ballast Rock,” said Thomas Carroll, founder and CEO of Ballast Rock Group. “Our evolution compelled us to seek approval for our own broker-dealer to best support our clients.”
Last year, Ballast Rock Group also launched Ballast Rock Private Wealth, an independent registered investment adviser with a focus on private-market investments.
“We have seen tre