{"url":"https://nivawealth.com/firms/breakwater-financial-282401","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/282401","regulatoryAum":127853636,"crd":"282401","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5256318","suffix":null,"lastName":"RINGER","firstName":"DANIEL","middleName":"ABRAHAM"}],"total":1,"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":"2025-05-20","regulatoryAum":109789362,"clients":62,"employees":1,"offices":2},{"filedOn":"2026-07-13","regulatoryAum":127853636,"clients":62,"employees":1,"offices":2}],"secFileNumber":"801-131321","legalName":"Breakwater Financial, LLC","displayName":"Breakwater Financial","slug":"breakwater-financial-282401","website":"https://breakwaterfinancial.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/282401/3062f1cef064aa49-r1.webp","tone":"light","width":691,"height":200,"sourceUrl":"https://breakwaterfinancial.com/","sourceLabel":"Breakwater Financial, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/breakwaterfinancial/","founded":null,"organization":"Massachusetts limited liability company","fiscalYearEnd":"December","headquarters":{"street":"117 Kendrick Street, Suite 300","city":"Needham","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02494-2724"},"tradeNames":[],"registration":{"secApproved":"21 October 2024","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":2062155.4193548388,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":127853636,"discretionary":127853636,"discretionaryAccounts":281,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":2},"clientTypes":[{"label":"Individuals (other than HNW)","clients":23,"regulatoryAum":12042526},{"label":"High-net-worth individuals","clients":39,"regulatoryAum":115811110}],"feePrograms":[{"role":"main","program":"Investment Advisory Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051595","versionId":1051595,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-07-13","documentName":"BREAKWATER ADV PART 2A","fee_rate_low":0.5,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Services","summary":"Financial planning is billed hourly at $400 an hour, or as a monthly fixed fee of $300 to $1,500 per month.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051595","versionId":1051595,"submittedOn":"2026-07-13","documentName":"BREAKWATER ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:21:12.045093+00:00","documents":[{"name":"BREAKWATER ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051595","versionId":1051595,"submittedOn":"2026-07-13"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":127853636}],"custodyNote":"Breakwater Financial has custody of $88.8M in client assets for 45 clients.","leadership":[{"name":"Daniel Ringer","title":"Member, Founder, Principal and Chief Compliance Officer","crd":"5256318"}],"ownership":[{"label":"Daniel Ringer","detail":"Member, founder, principal and chief compliance officer in the 75% or more ownership band and a control person, since February 2016."}],"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"117 Kendrick Street, Suite 300","city":"Needham","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"617-849-8019","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":4},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":87},{"label":"Cash and cash equivalents","percent":8}],"privateFunds":0},"sources":{"adv1FilingDate":"13 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/282401/PDF/282401.pdf","brochureDate":"13 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1051595","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 Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Breakwater Financial offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Breakwater Financial charge?","answer":"Breakwater Financial charges 0.50%–1.50% a year for its Investment Advisory Services. The fee is billed in advance and is negotiable.","source":"BREAKWATER ADV PART 2A, filed 13 July 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Breakwater Financial use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Breakwater Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Breakwater Financial invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Breakwater Financial?","answer":"Breakwater Financial’s direct owner is Daniel Ringer (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 13 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Breakwater Financial get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Breakwater Financial registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Breakwater Financial?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 13 July 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."}