Steven Schmidt has been Principal, Wealth Advisor of Ballast Advisors since February 2017, is a control person of the firm and directly owns under 5% of it. Steven Schmidt holds a Bachelor of Arts from Saint Olaf College.
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.
Steven Schmidt is President and Wealth Advisor of Ballast Advisors. He is a Founding Partner of the firm and has advised small business owners and professionals with wealth management in St. Paul, MN since 1993. He serves on the firm's Executive and Investment Policy Committees.
Steven Schmidt’s longest registration is the current one, 9 years at Ballast Advisors since 2017. Before joining Ballast Advisors in 2017, Steven Schmidt was registered through Ameriprise Financial Services, Inc.
- Ballast Advisors, LLCCurrent– present · 9 yearsSt. Paul, MN · Adviser representative · Firm CRD 285991
- Ameriprise Financial Services, Inc.– · 4 yearsArden Hills, MN · Adviser representative · Firm CRD 6363
- Ameriprise Financial Services, Inc.– · 1 yearArden Hills, MN · Adviser representative · Firm CRD 6363
Professional designations
Listed by Ballast Advisors
- Certified Financial Planner (CFP®)
- Accredited Portfolio Management Advisor (APMA®)
- Chartered Financial Consultant (ChFC®)
- Chartered Life Underwriter (CLU®)
Investment adviser representative registrations
Steven Schmidt is registered as an investment adviser representative in 2 states. The first approvals date from February 2017; the most recent is Texas, in March 2023.
- MinnesotaSince 2 February 2017
- TexasSince 31 March 2023
Examinations
| Exam | Name | Passed |
|---|---|---|
| SIE | Securities Industry Essentials Examination | Credited |
| Series 7 | General Securities Representative Examination | 21 January 1993 |
| Series 63 | Uniform Securities Agent State Law Examination | 14 December 1992 |
- Name
- Securities Industry Essentials Examination
- Name
- General Securities Representative Examination
- Name
- Uniform Securities Agent State Law Examination
- Full name
- Steven Andrew Schmidt
- CRD
- 2269458
- Firm
- Ballast Advisors · CRD 285991
- Role
- Principal, Wealth Advisor
- Office
- 2550 University Ave. W., Suite 314N, St. Paul, MN 55114
- Registration
- Investment adviser registration
- In the industry since
- January 1993
- Disciplinary history
- Not yet shown here · SEC record
- Firm bio
- ballastadvisors.com
Where does Steven Schmidt work?
Steven Schmidt has been Principal, Wealth Advisor of Ballast Advisors, LLC since February 2017, and is a control person of the firm.
Is Steven Schmidt a financial advisor?
Yes. Steven Schmidt has a current investment-adviser registration in Minnesota and Texas, through Ballast Advisors since February 2017.
How many years of experience does Steven Schmidt have?
Steven Schmidt has 33 years in the financial industry, since January 1993, across 2 adviser firms.
What exams has Steven Schmidt passed?
Steven Schmidt has passed 2 licensing exams: the Series 63 and Series 7. The earliest, the Series 63, was passed in December 1992. FINRA credited Steven Schmidt with the SIE, which began in October 2018.
Where did Steven Schmidt work before Ballast Advisors?
Before Ballast Advisors, Steven Schmidt was registered through Ameriprise Financial Services, Inc., July 2009 to December 2010.
Where is Steven Schmidt based?
Steven Schmidt’s registered office is in St. Paul, MN.
Is Steven Schmidt registered with FINRA?
No. Steven Schmidt has no current broker registration.
Is Steven Schmidt a CFP?
Ballast Advisors lists Steven Schmidt with the CFP credential (“Certified Financial Planner (CFP®)”) on its website. CFP Board confirms certification status.
How can I verify Steven Schmidt’s record?
Search CRD 2269458 on the SEC’s adviser search (adviserinfo.sec.gov), which publishes Steven Schmidt’s full registration record.
- William SpeachtChief Compliance Officer
Paul ParnellPrincipal and Wealth Advisor