{
  "crd_number": 150841,
  "slug": "breakwater-investment-management-seattle-wa-150841",
  "primary_business_name": "BREAKWATER INVESTMENT MANAGEMENT",
  "legal_name": "BREAKWATER INVESTMENT MANAGEMENT, LLC",
  "dbas": [
    "BREAKWATER INVESTMENT"
  ],
  "city": "Seattle",
  "state": "WA",
  "country": "United States",
  "cbsa_code": "42660",
  "metro": {
    "cbsa_code": "42660",
    "common_name": "Seattle",
    "msa_name": "Seattle-Tacoma-Bellevue, WA",
    "path": "/advisors/wa/seattle"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-01-09",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-04-15",
  "carried_forward": false,
  "raum_total": 302726806.0,
  "raum_discretionary": 302726806.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 2,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 554534.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 49760717.0,
      "count": 96
    },
    "high_net_worth_individuals": {
      "raum": 252411555.0,
      "count": 56
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "OR",
    "VA",
    "WA"
  ],
  "websites": [
    "https://breakwater.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/150841",
  "city_as_filed": "SEATTLE",
  "url": "https://advisorcensus.com/firm/breakwater-investment-management-seattle-wa-150841",
  "display_name": "Breakwater Investment Management",
  "summary": "Breakwater Investment Management is an SEC-registered investment advisory firm in Seattle, WA, registered since 2014, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 15, 2026.",
  "citation": "AdvisorCensus. Breakwater Investment Management (CRD 150841): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Breakwater Investment Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Breakwater Investment Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Breakwater Investment Management charge?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 states: Up to $500,000: 1.25% a year; $500,001 to $1,000,000: 1% a year; $1,000,001 to $5,000,000: 0.85% a year; Above $5,000,000: see the brochure; Hourly rate: $350 an hour (planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Breakwater Investment Management located?",
      "a": "Breakwater Investment Management's principal office is in Seattle, WA, according to its Form ADV."
    },
    {
      "q": "Is Breakwater Investment Management registered with the SEC or a state?",
      "a": "Breakwater Investment Management is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 150841."
    },
    {
      "q": "How much does Breakwater Investment Management manage?",
      "a": "Breakwater Investment Management reports $302,726,806 in regulatory assets under management in its Form ADV filing dated April 15, 2026 (100% discretionary)."
    },
    {
      "q": "How have Breakwater Investment Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Breakwater Investment Management: Regulatory assets under management: $221,389,698 in the October 2021 data and $302,726,806 in the October 2026 data, up 37%. Total employees: 3 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Breakwater Investment Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (96); high net worth individuals (56)."
    },
    {
      "q": "Which custodians does Breakwater Investment Management use?",
      "a": "Breakwater Investment Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Breakwater Investment Management report any disciplinary disclosures?",
      "a": "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/150841"
    },
    {
      "q": "What changed in Breakwater Investment Management's recent Form ADV filings?",
      "a": "In the May 2026 filing data: Employees performing advisory functions went from 1 to 2."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 221389698.0,
      "total_employees": 3,
      "filing_date": "2021-09-13"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 227080444.0,
      "total_employees": 2,
      "filing_date": "2022-08-05"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 206372198.0,
      "total_employees": 3,
      "filing_date": "2023-02-17"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 234193863.0,
      "total_employees": 3,
      "filing_date": "2024-07-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 250791556.0,
      "total_employees": 3,
      "filing_date": "2025-03-24"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 302726806.0,
      "total_employees": 4,
      "filing_date": "2026-04-15"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Employees performing advisory functions went from 1 to 2."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $250,791,556 to $302,726,806 (+21%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $500,000",
        "rate": "1.25%"
      },
      {
        "band": "$500,001 to $1,000,000",
        "rate": "1%"
      },
      {
        "band": "$1,000,001 to $5,000,000",
        "rate": "0.85%"
      },
      {
        "band": "Above $5,000,000",
        "rate": null,
        "note": "Not stated in this schedule; see the brochure."
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "$5,000",
    "planning_fees": [
      "Hourly rate: $350 an hour (planning services)"
    ],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $500,000: 1.25% a year",
          "$500,001 to $1,000,000: 1% a year",
          "$1,000,001 to $5,000,000: 0.85% a year",
          "Above $5,000,000: see the brochure"
        ],
        "quotes": [
          "Our standard fee schedule for Investment Advisory Services is as follows:  \n  \n• 1.25% on entire balance for assets up to $500,000;  \n• 1.00% on entire balance for assets between $500,001 and $1,000,000; and  \n• 0.85% on entire balance for assets between $1,000,001 and $5,000,000"
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: $5,000"
        ],
        "quotes": [
          "For all new client relationships, we require a minimum annual fee of $5,000 to commence or continue an advisory relationship, though we may waive this requirement for certain clients at our discretion."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $350 an hour (planning services)"
        ],
        "quotes": [
          "For noninvestment advisory clients, fees for planning services are based on an hourly rate of $350.00 per hour or a flat fee of $2,500.00 to $20,000.00, based on the complexity of the engagement."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 500000.0,
          "rate_pct": 1.25
        },
        {
          "min": 500001.0,
          "max": 1000000.0,
          "rate_pct": 1.0
        },
        {
          "min": 1000001.0,
          "max": 5000000.0,
          "rate_pct": 0.85
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": 5000.0,
      "planning": [
        {
          "kind": "hourly",
          "amount": 350.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "planning services"
        }
      ]
    },
    "quotes": [
      "Our standard fee schedule for Investment Advisory Services is as follows:  \n  \n• 1.25% on entire balance for assets up to $500,000;  \n• 1.00% on entire balance for assets between $500,001 and $1,000,000; and  \n• 0.85% on entire balance for assets between $1,000,001 and $5,000,000",
      "For all new client relationships, we require a minimum annual fee of $5,000 to commence or continue an advisory relationship, though we may waive this requirement for certain clients at our discretion.",
      "For noninvestment advisory clients, fees for planning services are based on an hourly rate of $350.00 per hour or a flat fee of $2,500.00 to $20,000.00, based on the complexity of the engagement."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/breakwater-investment-management-seattle-wa-150841.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 96,
      "fewer_than_5": false,
      "raum": 49760717.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 56,
      "fewer_than_5": false,
      "raum": 252411555.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 554534.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/150841",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}