{"url":"https://nivawealth.com/firms/breakwater-capital-172498","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/172498","regulatoryAum":156644142,"crd":"172498","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7623920","suffix":null,"lastName":"Mansberger","firstName":"Lucas","middleName":"William"},{"crd":"4487748","suffix":null,"lastName":"POLLARD","firstName":"ROSS","middleName":"MICHAEL"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-27","regulatoryAum":125500000,"clients":100,"employees":1,"offices":1},{"filedOn":"2022-03-15","regulatoryAum":131413439,"clients":129,"employees":1,"offices":1},{"filedOn":"2023-04-03","regulatoryAum":114501925,"clients":111,"employees":2,"offices":1},{"filedOn":"2024-03-18","regulatoryAum":128294481,"clients":130,"employees":2,"offices":1},{"filedOn":"2025-03-29","regulatoryAum":142589929,"clients":134,"employees":2,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":156644142,"clients":143,"employees":2,"offices":1}],"secFileNumber":"801-118620","legalName":"Breakwater Capital, LLC","displayName":"Breakwater Capital","slug":"breakwater-capital-172498","website":"https://breakwater.capital/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/172498/27f7f25897a71914-r1.webp","tone":"light","width":374,"height":200,"sourceUrl":"https://breakwater.capital/","sourceLabel":"Breakwater Capital, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Michigan limited liability company","fiscalYearEnd":"December","headquarters":{"street":"251 N Rose Street Suite 200","city":"Kalamazoo","state":"MI","stateName":"Michigan","country":"United States","postalCode":"49007"},"tradeNames":["Integrated Financial Planning"],"registration":{"secApproved":"30 April 2020","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1076404.3576642335,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":156644142,"discretionary":156644142,"discretionaryAccounts":466,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":90,"regulatoryAum":28735387},{"label":"High-net-worth individuals","clients":47,"regulatoryAum":118732010},{"label":"Charitable organizations","clients":6,"regulatoryAum":9176745}],"feePrograms":[{"role":"main","program":"Investment Management Fees","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034401","versionId":1034401,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"BREAKWATER OTHER THAN ANNUAL","fee_rate_low":0.6,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":250000,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Services","summary":"Financial planning is included in the management fee where that fee exceeds $5,000 a year; otherwise it is billed hourly, generally $100 to $250, negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034401","versionId":1034401,"submittedOn":"2026-03-31","documentName":"BREAKWATER OTHER THAN ANNUAL"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:00:40.683495+00:00","documents":[{"name":"BREAKWATER OTHER THAN ANNUAL","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034401","versionId":1034401,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":35906673},{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":87357748},{"name":"Tiaa-Cref Investment Management LLC","shortName":"Tiaa-Cref Investment Management","location":"New York, NY","smaAssets":18767129}],"custodyNote":"Breakwater Capital does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Ross Pollard","title":"President & CCO","crd":"4487748"}],"ownership":[{"label":"Ross Pollard","detail":"President & cco in the 75% or more ownership band and a control person, since July 2014."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Michigan","offices":1,"addresses":[{"street":"251 N Rose Street Suite 200","city":"Kalamazoo","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"269-903-2360","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":7},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Derivatives","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":84},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":4,"detail":"Bitcoin Etp and Managed Futures ETF"}],"privateFunds":0},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/172498/PDF/172498.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1034401","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Breakwater Capital have?","answer":"Breakwater Capital has 143 clients and manages $157 million for them, as of March 2026. They include 90 individual clients, 47 high-net-worth individuals and 6 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Breakwater Capital offer?","answer":"Breakwater Capital provides financial planning and portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Breakwater Capital charge?","answer":"Breakwater Capital charges 0.60%–1.00% a year for its Investment Management Fees. The fee is billed in advance, is negotiable and requires an account of at least $250,000.","source":"BREAKWATER OTHER THAN ANNUAL, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Breakwater Capital use?","answer":"Breakwater Capital’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $87.4M, Charles Schwab & Co., Inc. (Westlake, TX), with $35.9M and Tiaa-Cref Investment Management LLC (New York, NY), with $18.8M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Breakwater Capital have?","answer":"Breakwater Capital has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Breakwater Capital invest in?","answer":"At the end of its last fiscal year, Breakwater Capital’s separately managed accounts held 84% registered funds (mutual funds, ETFs, BDCs), 7% exchange-traded equities, 4% cash and equivalents, 4% other, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% investment grade corporate bonds and 1% derivatives. The 4% other category is described as: Bitcoin Etp and Managed Futures ETF.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Breakwater Capital have a minimum investment?","answer":"Yes, Breakwater Capital’s minimum account size for its Investment Management Fees is $250K.","source":"BREAKWATER OTHER THAN ANNUAL, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Breakwater Capital?","answer":"Breakwater Capital’s direct owner is Ross Pollard (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Breakwater Capital get paid?","answer":"Breakwater Capital is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Breakwater Capital?","answer":"Breakwater Capital’s main office is at 251 N Rose Street Suite 200, Kalamazoo, MI 49007. Its phone number is 269-903-2360. Its website is breakwater.capital.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}