{
  "crd_number": 170036,
  "slug": "breakwater-management-lp-century-city-ca-170036",
  "primary_business_name": "BREAKWATER MANAGEMENT, LP",
  "legal_name": "BREAKWATER MANAGEMENT, LP",
  "dbas": [],
  "city": "Century City",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "31080",
  "metro": {
    "cbsa_code": "31080",
    "common_name": "Los Angeles",
    "msa_name": "Los Angeles-Long Beach-Anaheim, CA",
    "path": "/advisors/ca/los-angeles"
  },
  "registration_type": "exempt",
  "registration_status": "ERA - Active",
  "registration_date": "2024-03-05",
  "years_registered": 2,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": null,
  "raum_discretionary": null,
  "raum_non_discretionary": null,
  "raum_band": "not_reported",
  "raum_band_label": "Not reported",
  "total_employees": null,
  "advisory_employees": null,
  "client_count_bucket": null,
  "clients_by_type": null,
  "compensation_types": [],
  "advisory_activities": [],
  "wrap_fee_participant": null,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://breakwatermgmt.com",
    "https://linkedin.com/company/breakwater-management-lp"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/170036",
  "city_as_filed": "CENTURY CITY",
  "url": "https://advisorcensus.com/firm/breakwater-management-lp-century-city-ca-170036",
  "display_name": "Breakwater Management, LP",
  "summary": "Breakwater Management, LP is an exempt reporting adviser in Century City, CA, filing reports since 2024. Exempt reporting advisers do not report regulatory assets under management on Form ADV.",
  "citation": "AdvisorCensus. Breakwater Management, LP (CRD 170036): Form ADV filing data as of October 2026.",
  "registration_type_label": "Exempt reporting adviser",
  "compensation_labels": [],
  "advisory_activity_labels": [],
  "quick_answers": [
    {
      "q": "Where is Breakwater Management, LP located?",
      "a": "Breakwater Management, LP's principal office is in Century City, CA, according to its Form ADV."
    },
    {
      "q": "How does Breakwater Management, LP report to regulators?",
      "a": "Breakwater Management, LP is an exempt reporting adviser, filing reports since 2024. Exempt reporting advisers file a shorter Form ADV. Status as filed: ERA - Active. CRD 170036."
    },
    {
      "q": "How have Breakwater Management, LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Breakwater Management, LP: Regulatory assets under management: $210,000,000 in the October 2021 data and $169,200,000 in the October 2023 data, down 19%. Total employees: 10 in October 2021 and 8 in October 2023. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "Does Breakwater Management, LP report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/170036"
    },
    {
      "q": "What changed in Breakwater Management, LP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 210000000.0,
      "total_employees": 10,
      "filing_date": "2021-04-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 279400000.0,
      "total_employees": 8,
      "filing_date": "2022-04-06"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 169200000.0,
      "total_employees": 8,
      "filing_date": "2023-04-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2024-03-05"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2025-03-10"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/breakwater-management-lp-century-city-ca-170036.md",
  "clients": [],
  "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/170036",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}