Paul Parnell has been Principal and Wealth Advisor of Ballast Advisors since February 2017, is a control person of the firm and directly owns under 5% of it.
Ballast Advisors, LLC is a Woodbury, MN firm with $674M under management, 831 clients and 6 advisers across 3 offices, as of its March 2026 filing.
Paul L. Parnell is CEO and Wealth Advisor of Ballast Advisors. He is a Founding Partner of the firm and oversees its general business and strategic direction. He specializes in financial planning, including wealth management solutions and risk reduction strategies for families, professionals, business owners and retirees, and serves on the firm's Executive and Investment Policy Committees.
Paul Parnell’s longest registration was 13 years at Ameriprise Financial Services, Inc. (2003–2017). Before joining Ballast Advisors in 2017, Paul Parnell was registered through Ameriprise Financial Services, Inc.
- Ballast Advisors, LLCCurrent– present · 9 yearsWoodbury, MN · Adviser representative · Firm CRD 285991
- Ameriprise Financial Services, Inc.– · 13 yearsWoodbury, MN · Adviser representative · Firm CRD 6363
Professional designations
Listed by Ballast Advisors
- Accredited Portfolio Management Advisor (APMA®)
- Chartered Retirement Planning Counselor (CRPC®)
Investment adviser representative registrations
Paul Parnell is registered as an investment adviser representative in 3 states. The first approvals date from February 2017; the most recent is Florida, in June 2023.
- FloridaSince 22 June 2023
- MinnesotaSince 2 February 2017
- TexasSince 2 February 2017
Examinations
| Exam | Name | Passed |
|---|---|---|
| SIE | Securities Industry Essentials Examination | Credited |
| Series 66 | Uniform Combined State Law Examination | 9 July 2003 |
| Series 63 | Uniform Securities Agent State Law Examination | 22 April 1996 |
| Series 7 | General Securities Representative Examination | 19 April 1996 |
- Name
- Securities Industry Essentials Examination
- Name
- Uniform Combined State Law Examination
- Name
- Uniform Securities Agent State Law Examination
- Name
- General Securities Representative Examination
- Full name
- Paul Louis Parnell
- CRD
- 2704387
- Firm
- Ballast Advisors · CRD 285991
- Role
- Principal and Wealth Advisor
- Office
- 683 BIELENBERG DRIVE, SUITE 208, Woodbury, MN 55125
- Registration
- Investment adviser registration
- In the industry since
- April 1996
- Disciplinary history
- Not yet shown here · SEC record
- Firm bio
- ballastadvisors.com
Where does Paul Parnell work?
Paul Parnell has been Principal and Wealth Advisor of Ballast Advisors, LLC since February 2017, and is a control person of the firm.
Is Paul Parnell a financial advisor?
Yes. Paul Parnell has a current investment-adviser registration in Florida, Minnesota and Texas, through Ballast Advisors since February 2017.
How many years of experience does Paul Parnell have?
Paul Parnell has 30 years in the financial industry, since April 1996, across 2 adviser firms.
What exams has Paul Parnell passed?
Paul Parnell has passed 3 licensing exams: the Series 7, Series 63 and Series 66. The earliest, the Series 7, was passed in April 1996. FINRA credited Paul Parnell with the SIE, which began in October 2018.
Where is Paul Parnell based?
Paul Parnell’s registered office is in Woodbury, MN.
Is Paul Parnell registered with FINRA?
No. Paul Parnell has no current broker registration.
How can I verify Paul Parnell’s record?
Search CRD 2704387 on the SEC’s adviser search (adviserinfo.sec.gov), which publishes Paul Parnell’s full registration record.
- William SpeachtChief Compliance Officer
Steven SchmidtPrincipal, Wealth Advisor