Tessara Wealth

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.

Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
MARYLAND SECURITIES COMMISSIONER
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
11/05/2020
 Exact
 Explanation
If not exact, provide explanation:
DATE OF LETTER FROM DIVISION REQUESTING INFORMATION.
4.
Docket/Case Number:
IA FILE NO. 2019-3517; DOCKET NO. 2020-0157
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ALLEGED VIOLATION OF SECTION 11-401 AND 11-402 OF THE MARYLAND SECURITIES ACT BY TRANSACTING BUSINESS IN MARYLAND WITHOUT BEING
REGISTERED, AND EMPLOYING AN INVESTMENT ADVISOR REPRESENTATIVE IN MARYLAND WITHOUT BEING REGISTERED.

8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
01/16/2021
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 2,500.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
PAYMENT OF REGISTRATION FEES FOR 2020 AND 2021.
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
THERE WAS A CIVIL MONETARY PENALTY OF $2,500 AND A PAYMENT OF $750 FOR REGISTRATION FEES FOR 2020 AND 2021. COMPLIANCE
CONTROLS HAVE BEEN IMPROVED AND WE ARE NOW REGISTERED AND IN GOOD STANDING WITH MARYLAND.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
BPFP WAS THE SUBJECT OF A DISCIPLINARY ACTION BROUGHT BY THE MARYLAND DIVISION OF SECURITIES ("DIVISION") IN JANUARY 2021. BALLAST
POINT FINANCIAL PLANNING LLC ("BPFP") FILED AN APPLICATION FOR REGISTRATION WITH THE MARYLAND DIVISION OF SECURITIES ("DIVISION") ON
AUGUST 23, 2019. THE DIVISION SENT DEFICIENCY LETTERS TO BPFP ON AUGUST 27, 2019 AND SEPTEMBER 12, 2019, REQUESTING ADDITIONAL
INFORMATION (COPY OF ADVISORY CONTRACT AND FORM OF UNDERTAKING) TO COMPLETE THE APPLICATION. BPFP DID NOT RECEIVE THE
DEFICIENCY LETTERS AND ERRONEOUSLY PRESUMED THE REGISTRATION WAS COMPLETE. ON NOVEMBER 5, 2020, THE DIVISION SENT A THIRD
DEFICIENCY LETTER, TO WHICH BPFP PROMPTLY RESPONDED. BPFP EMPLOYED AN INVESTMENT ADVISER REPRESENTATIVE ("IAR") WHO RELOCATED
TO MARYLAND IN JULY 2019. THE IAR WAS THE LEAD ADVISER FOR APPROXIMATELY 36 CLIENTS, THREE OF WHOM RESIDED IN THE STATE OF
MARYLAND. WITHOUT HOLDING A HEARING IN THE MATTER, WITHOUT TRIAL OR ADJUDICATION, BPFP AND THE DIVISION AGREED TO SETTLE THE
MATTER BY THE EXECUTION OF A CONSENT ORDER ON JANUARY 6, 2021. IN ACCORDANCE WITH THE CONSENT ORDER, BPFP PAID A CIVIL MONETARY
PENALTY OF $2,500, AND PAID UNPAID REGISTRATION FEES FOR 2020 AND 2021 IN THE AMOUNT OF $750. UPON THE EXECUTION OF THE CONSENT
ORDER AND PAYMENT OF THESE AMOUNTS, BPFP'S REGISTRATION WAS APPROVED AND IS CURRENTLY IN GOOD STANDING. TO SUMMARIZE, THE
PRIMARY ISSUE WAS BPFP EMPLOYED AN IAR IN MARYLAND WHO PERFORMED ADVISORY SERVICES BEFORE BPFP WAS OFFICIALLY REGISTERED WITH
THE STATE. THE DIVISION DID NOT INDICATE THAT ANY CLIENTS WERE HARMED DUE TO THIS DEFICIENCY.