Breakwater Financial provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year.
Breakwater Financial reports 62 clients. They include 39 high-net-worth individuals and 23 individual clients. Of its assets, 100.0% ($128M across 281 accounts) are managed with discretion. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 37% | 9% |
| High-net-worth individuals | 63% | 91% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 23 | $12M | 9.4% | $524K |
| High-net-worth individuals | 39 | $116M | 90.6% | $2.97M |
| Total | 62 | $128M | 100% | $2.06M |
- Clients
- 23
- Regulatory AUM
- $12M
- AUM share
- 9.4%
- Avg. per client
- $524K
- Clients
- 39
- Regulatory AUM
- $116M
- AUM share
- 90.6%
- Avg. per client
- $2.97M
Total
- Clients
- 62
- Regulatory AUM
- $128M
- AUM share
- 100%
- Avg. per client
- $2.06M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Breakwater Financial charges 0.50%–1.50% a year for its Investment Advisory Services. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is billed hourly at $400 an hour, or as a monthly fixed fee of $300 to $1,500 per month.
Daniel Ringer owns 75% or more of Breakwater Financial. The leadership team of Breakwater Financial includes Chief Compliance Officer Daniel Ringer. It has 1 employee.
Leadership
Daniel RingerMember, Founder, Principal and Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 1 employee
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Breakwater Financial, LLC
Daniel Ringer
Control person · since February 2016
Breakwater Financial’s regulatory assets grew from $110M (May 2025) to $128M (July 2026); clients were 62 in both filings and employees were 1 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $128M | 62 | 1 | 2 |
| May 2025 | $110M | 62 | 1 | 2 |
Besides its headquarters, Breakwater Financial has 1 office (1 private residence, listed without an address), with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 117 Kendrick Street, Suite 300, NeedhamHQ
Contact and registration details
- Legal name
- Breakwater Financial, LLC
- Headquarters
- 117 Kendrick Street, Suite 300, Needham, MA 02494-2724
- Website
- breakwaterfinancial.com
- Phone
- 617-849-8019
- @breakwaterfinancial
- SEC file
- 801-131321
- Structure
- Massachusetts LLC
- Fiscal year end
- December
Breakwater Financial uses Fidelity ($128M) as custodian for its separately managed accounts. Breakwater Financial has custody of $88.8M in client assets for 45 clients.
- FidelityFidelity Brokerage Services LLC · Boston, MA · $128M100%
At year end, Breakwater Financial’s separately managed accounts were mostly in funds (87%).
What the accounts hold
- Stocks4%
- Funds87%
- Bonds1%
- Cash8%
How many clients does Breakwater Financial have?
Breakwater Financial has 62 clients and manages $128 million for them, as of July 2026. They include 39 high-net-worth individuals and 23 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 July 2026
What services does Breakwater Financial offer?
Breakwater Financial provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Breakwater Financial charge?
Breakwater Financial charges 0.50%–1.50% a year for its Investment Advisory Services. The fee is billed in advance and is negotiable.
Which custodians does Breakwater Financial use?
Breakwater Financial’s separately managed account assets are held at Fidelity Brokerage Services LLC (Boston, MA), with $128M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 July 2026
How many financial advisors does Breakwater Financial have?
Breakwater Financial has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 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
What does Breakwater Financial invest in?
At the end of its last fiscal year, Breakwater Financial’s separately managed accounts held 87% registered funds (mutual funds, ETFs, BDCs), 8% cash and equivalents, 4% exchange-traded equities and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Breakwater Financial?
Breakwater Financial’s direct owner is Daniel Ringer (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 13 July 2026
How does Breakwater Financial get paid?
Breakwater Financial is paid through a percentage of assets under management, hourly charges and fixed fees. 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
Is Breakwater Financial registered with the SEC?
Yes, Breakwater Financial has been registered with the SEC as an investment adviser since 21 October 2024. Its CRD number is 282401 and its SEC file number is 801-131321.
Source: Form ADV Part 1A, Item 1, filed 13 July 2026; IAPD firm record
How do I contact Breakwater Financial?
Breakwater Financial’s main office is at 117 Kendrick Street, Suite 300, Needham, MA 02494-2724. Its phone number is 617-849-8019. Its website is breakwaterfinancial.com.