Breakwater Financial, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$127,853,636
Clients
62
63% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
62
Very HighAverage account size
$2,062,155
About
Breakwater Financial provides investment management and financial planning to individuals, families, trusts, estates, small businesses, and certain retirement plan clients, offering both discretionary and non-discretionary portfolio management and retirement‑account rollover advice. The firm also makes available third‑party strategies, including an intermediate municipal fixed‑income sleeve sub‑advised by Appleton Partners.
The firm’s investment process is long‑term and fundamentals‑oriented, primarily implementing diversified model portfolios composed of ETFs and mutual funds with periodic rebalancing and tactical adjustments as market conditions warrant. Breakwater uses third‑party tools (Nitrogen) to quantify client risk tolerances and align portfolios to an explicit risk score as part of its suitability and portfolio construction work.
Breakwater manages roughly $128 million across about 60 client relationships, yielding a comparatively large asset base per client for a small independent advisor and reflecting an emphasis on ongoing, personalized wealth management. The firm operates on an institutional custodian platform (including access to Fidelity’s institutional services) and discloses it receives related platform benefits and operational support, plus access to the Appleton sub‑advised municipal strategy, factors clients may consider when evaluating custodial and strategy recommendations.
Client services
Financial planning
Portfolio management
Selection of other advisers
Expertise
Wealth management
Cash flow / budgeting
Fee options
Monthly fixed fee financial planning engagements range from $300 to $1,500 per month depending on complexity; one-time financial planning fees may be negotiated
0.50% to 1.5% annually, based on market value of assets under management at prior quarter end; fees are negotiable and based on aggregate assets
$400 per hour for financial planning services only engagements
Account minimum: No minimum account value to initiate advisory services; however, there is a $250,000 portfolio minimum to receive Financial Planning Services as part of Portfolio Management Services with no additional fees, and a $5,000 annual minimum advisory fee for combined Portfolio Management and Financial Planning Service clients. Minimum fee: $5,000 annual minimum for combined Portfolio Management and Financial Planning Service clients Fee-only: Financial planning services only clients can be charged hourly or monthly fixed fees
Main office location
Breakwater Financial, LLC
117 Kendrick Street, Suite 300
Needham MA 02494-2724, United States
Number of offices
2
Most active in
Breakwater Financial, LLC has reported serving >5 clients in these states in the last 12 months.
Massachusetts · New Hampshire
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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