DB
Donald A. Ballai
SOUTH LANE WEALTH MANAGEMENT LLC
Ringoes, NJ
Some features on this profile are disabled
CRD#: 4420362
DB
Professional summary
Donald Alan Ballai, who also goes by Donald A Ballai, is a registered financial advisor currently at SOUTH LANE WEALTH MANAGEMENT LLC located in Ringoes, New Jersey.
Donald is registered as an IAR (Investment Advisor Representative) and started their career in finance in 2001. Donald has worked at 5 firms and has passed the Series 66, Series 63, Series 7 and Series 6 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Donald A Ballai
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
Donald Alan Ballai is licensed to sell insurance in NJ, PA, and Florida where he offers Term, Whole Life, UL, VUL, Long Term Care as well as Fixed and Variable Annuities. From time to time, he will offer clients advice or products from those activities. Clients should be aware that these services pay a commission and involve a conflict of interest, as commissionable products conflict with the fiduciary duties of a registered investment adviser. South Lane Wealth Management LLC always acts in the best interest of the client; including the sale of commissionable products to advisory clients. Clients are in no way required to implement the plan through any representative of South Lane Wealth Management LLC in such individual's capacity as an insurance agent. Donald Alan Ballai is also the principal owner of South Lane Advisors LLC which is also a fee based advisory firm focused on advising and assisting medical groups in developing their practices. We work with accountants and attorneys to help develop their business plan, advise on the purchase, financial and leasing of real estate as well as developing the company's benefits packages including 401k, retirement planning and insurance. 2 hours a month are spent on this activity during trading hours. 3 hours a month are spent on this activity outside of trading hours. 10% of his yearly compensation is derived from this activity.
Donald Alan Ballai is the managing member of South Lane Advisors, consultation business that was set up to help medical practices streamline and improve their business operations. The business charges a 1% fee on collected revenue. The business also helps clients negotiate loans and lines of credit with their banks. His duties include reviewing and advising on medical billing, bank negotiations and other financial matters as they arise. 2 hours a month are spent on this activity during and outside trading hours. No yearly compensation is received from these duties.
Donald Alan Ballai is a consultant for Life's Essential Documents LLC, a company that that helps individuals and families set up wills, advanced directives, their hospital letter and other necessary medical forms. He is currently helping the new owner grow the business and if successful will take on a small percentage of the ownership. 0 hours a month are spent on this activity during trading hours. 5 hours a month are spent on this activity outside of trading hours. No yearly compensation is received from these duties.
Donald Alan Ballai is the managing member of Apptitude LLC, a company that helps design and bring to market applications for your phone/computer. The company focuses on medical apps and has a current application approved called Pediapptrix. His duties are to help market applicatiocns get to hospitals and consumers and handle any financial needs of the company. 0 hours a month are spent on this activity during trading hours. 2 hours a month are spent on this activity outside of trading hours. No yearly compensation is received from these duties. This company is a 10% owner of Pediapptrix, a phone-based application for pediatric patients / families to track their medical records. It is currently generating less than $50/ year in revenue split between 6 partners
CRS (Client Relationship Summary) - RIA
Click below to view Donald Alan Ballai's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
NoneExperience
Current
May 21, 2013 - Present
SOUTH LANE WEALTH MANAGEMENT LLC
RIA
CRD#: 167439
Ringoes, NJ
Past
January 10, 2011 - May 20, 2013
LEGACY INVESTMENT ADVISORS, LLC
RIA
CRD#: 144477
MT. LAUREL, NJ
Past
October 13, 2009 - May 20, 2013
STURDIVANT & CO. INC
BD
CRD#: 24583
VOORHEES, NJ
Past
April 23, 2009 - June 15, 2009
RAYMOND JAMES FINANCIAL SERVICES, INC.
BD
CRD#: 6694
NEW YORK, NY
Past
September 26, 2001 - December 10, 2008
WELLS FARGO CLEARING SERVICES, LLC
BD
CRD#: 19616
TRENTON, NJ
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.Highlighted states indicate IAR registrations
IAR
New Jersey(5/21/2013)
IAR
Pennsylvania(6/4/2013)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
Current Firm
SL
SOUTH LANE WEALTH MANAGEMENT LLC
SOUTH LANE ADVISORS LLC | SOUTH LANE WEALTH MANAGEMENT LLC
CRD#: 167439 / SEC#:
New Jersey
Registered Investment Advisory firm - (5/21/2013 Approved)Pennsylvania
Registered Investment Advisory firm - (6/4/2013 Approved)Texas
Registered Investment Advisory firm - (10/31/2025 Termination Requested)Upgrade to AdvisorCheck Premium
Get A Biweekly Pulse, AutomaticallyReceive biweekly alerts automatically. Stay informed and proactive.
Catch Firm-Level Red Flags SoonerCatch leadership changes and disclosures early, before issues escalate.
See Trends. Not Just SnapshotsMonitor firm stability metrics like AUM and advisor ratios over time.
Contact information
Main Address
Ringoes, NJ
Mailing Address
Phone number
(609) 468-9010
Established
Firm type
Fiscal year end
# of Employees
1
Regulatory assets under management
| Total Number of Accounts | 104 |
| AUM (Assets Under Management) | $ 47,825,694 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
