# 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.

- CRD: 340675
- Filed as: BREAKAWAY INDEPENDENT ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: 120-Day Approval)
- Location: San Diego, CA
- Filing period: October 2026
- Form ADV filing dated: September 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/340675
- AdvisorCensus page: https://advisorcensus.com/firm/breakaway-independent-advisors-llc-san-diego-ca-340675

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated July 30, 2026)

- Flat fee: up to $10,000 (financial planning services)

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Altruist Financial LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $3,296,154
- Discretionary: $3,296,154
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 5 | $3,296,154 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2026 (0 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [breakawayindependentadvisors.com](https://breakawayindependentadvisors.com)
- LinkedIn @breakaway-independent-advisors-llc

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Breakaway Independent Advisors, LLC (CRD 340675): Form ADV filing data as of October 2026.