Investors Unnerved as Israel-Iran Conflict Escalates

CHARLESTON, S.C., May 29, 2025 - Jim Carroll, Senior Wealth Advisor and Portfolio Manager for Ballast Rock Private Wealth spoke with Reuters about the market impacts of the escalating conflict between Israel and Iran:

"“It’s more of an oil story than an equity story at this point,” said Jim Carroll, senior wealth adviser and portfolio manager at Ballast Rock Private Wealth. “Stocks right now seem to be hanging on."

The CBOE Volatility Index (.VIX), often called the Wall Street "fear index," finished at 20.82 on Friday, its highest close in three weeks."

About Ballast Rock Private Wealth:

Ballast Rock Private Wealth is an independent Registered Investment Advisor that provides holistic financial advice to accredited high-net-worth individuals. The firm, formed in 2022 by investment management firm Ballast Rock, focuses on offering objective, unbiased guidance with an enhanced focus on alternative investments.

About Ballast Rock

Ballast Rock is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a registered investment advisor, with a focus on alternative strategies. Ballast Rock Capital (member FINRA/SIPC) is an SEC-registered broker-dealer.

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