# Breakwater Financial, LLC

> Breakwater Financial, LLC is an SEC-registered investment advisory firm in Needham, MA, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 13, 2026.

- CRD: 282401
- Filed as: BREAKWATER FINANCIAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Needham, MA
- Filing period: October 2026
- Form ADV filing dated: July 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/282401
- AdvisorCensus page: https://advisorcensus.com/firm/breakwater-financial-llc-needham-ma-282401

## Quick answers

**How is Breakwater Financial, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Breakwater Financial, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does Breakwater Financial, LLC charge?**
Its Form ADV Part 2A brochure dated July 13, 2026 states: Hourly rate: $400 an hour (financial planning services only). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Breakwater Financial, LLC located?**
Breakwater Financial, LLC's principal office is in Needham, MA, according to its Form ADV.

**Is Breakwater Financial, LLC registered with the SEC or a state?**
Breakwater Financial, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 282401.

**How much does Breakwater Financial, LLC manage?**
Breakwater Financial, LLC reports $127,853,636 in regulatory assets under management in its Form ADV filing dated July 13, 2026 (100% discretionary).

**How have Breakwater Financial, LLC's assets and staff changed since 2025?**
In the Form ADV data for Breakwater Financial, LLC: Regulatory assets under management: $109,789,362 in the October 2025 data and $127,853,636 in the October 2026 data, up 16%. Total employees: 1 in October 2025 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Breakwater Financial, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (39); individuals (other than high net worth individuals) (23).

**Which custodians does Breakwater Financial, LLC use?**
Breakwater Financial, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Breakwater Financial, 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/282401

**What changed in Breakwater Financial, LLC's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $109,789,362 to $127,853,636 (+16%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated July 13, 2026)

- Hourly rate: $400 an hour (financial planning services only)

> Hourly engagements bill at a rate of $400 per hour. While monthly engagements are billed at a rate between $300 and $1,500 per month depending on the level of complexity of the planning as well as the Client's needs.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services 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: $127,853,636
- Discretionary: $127,853,636
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 23 | $12,042,526 |
| High net worth individuals | 39 | $115,811,110 |

### 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: 2024 (1 year)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA, NH
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- breakwaterfinancial.com
- LinkedIn @breakwaterfinancial

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $109,789,362 | 1 | May 20, 2025 |
| October 2026 | $127,853,636 | 1 | July 13, 2026 |

Regulatory assets under management: $109,789,362 in the October 2025 data and $127,853,636 in the October 2026 data, up 16%.
Total employees: 1 in October 2025 and 1 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $109,789,362 to $127,853,636 (+16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Breakwater Financial, LLC (CRD 282401): Form ADV filing data as of October 2026.