AdvisorCensus / Financial advisors / California / San Diego / Breakaway Independent Advisors, LLC
Breakaway Independent Advisors, LLC is an SEC-registered investment advisory firm in San Diego, CA, registered since 2026, reporting under $25 million in regulatory assets under management in its Form ADV filing dated September 3, 2026.
Quick answers
From the filingHow is Breakaway Independent Advisors, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Breakaway Independent Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
How much does Breakaway Independent Advisors, LLC charge?
Its Form ADV Part 2A brochure dated July 30, 2026 states: Flat fee: up to $10,000 (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Breakaway Independent Advisors, LLC located?
Breakaway Independent Advisors, LLC's principal office is in San Diego, CA, according to its Form ADV.
Is Breakaway Independent Advisors, LLC registered with the SEC or a state?
Breakaway Independent Advisors, LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: 120-Day Approval. CRD 340675.
How much does Breakaway Independent Advisors, LLC manage?
Breakaway Independent Advisors, LLC reports $3,296,154 in regulatory assets under management in its Form ADV filing dated September 3, 2026 (100% discretionary).
What types of clients does Breakaway Independent Advisors, LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (5).
Which custodians does Breakaway Independent Advisors, LLC use?
Breakaway Independent Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Altruist Financial LLC as a custodian holding 10% or more of its separately managed account assets.
Does Breakaway Independent Advisors, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/340675
What changed in Breakaway Independent Advisors, LLC's recent Form ADV filings?
In the August 2026 filing data: Regulatory assets under management went from $0 to $3,296,154.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AFlat fee: up to $10,000 (financial planning services)
The brochure's wording
Our Firm provides financial planning services under a fixed fee arrangement. This arrangement charges a mutually agreed-upon fee for financial planning services, not to exceed $10,000 per plan based on the scope and complexity.
As stated in the firm's Form ADV Part 2A brochure dated July 30, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$3,296,154 as of October 2026, filing dated September 3, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: 120-Day Approval.
- Registered since
- 2026 (0 years)
- Employees
- Total: 1. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Changes in the filing
Last 12 months- August 2026
- Regulatory assets under management went from $0 to $3,296,154.
- April 2026
- Newly registered with the SEC.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Breakaway Independent Advisors, LLC (CRD 340675): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/breakaway-independent-advisors-llc-san-diego-ca-340675