Breakwater Investment Management, LLC (Seattle)

Name: Breakwater Investment Management, LLC
Address: 1001 Fourth Ave, Seattle, WA, 98154 1000
Telephone: 206.624.9000

Breakwater Investment Management, LLC is a large advisory firm based in Seattle. It manages $147.12 million of regulatory assets for 440 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California and Washington.

Breakwater Investment Management provides financial planning services, portfolio management for individuals and small businesses, and corporate trustee services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Breakwater Investment Management: assets under management

The assets under management (AUM) of Breakwater Investment Management, LLC is $147.12 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 259% since the beginning of its operation, and $4.74 million of the total AUM is attributable to clients outside of the United States.

The firm manages $147.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $334.36 thousand each.

Breakwater Investment Management has custody of $21 million in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is other assets, which make up 7% of the firm’s portfolio. Investments in non-exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Breakwater Investment Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Breakwater Investment Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Breakwater Investment Management is high net worth individuals with 37 clients and $122.52 million of assets under management. Among the 12 most similar advisory firms, Breakwater Investment Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $144.44 million for 127 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Breakwater Investment Management doesn't advise any private funds.

Careers at Breakwater Investment Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Francis Turley	Chief compliance officer & managing member	1 Jun 2009	75% - 100%	1265535

Based in Seattle

The principal office where Breakwater Investment Management, LLC performs its advisory services is located at 1001 Fourth Ave, Seattle, WA 98154 1000, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 206.624.9000 or by fax 206-621-8839. The normal business hours are by appointment on Other. You can find more information about the New York firm at breakwaterinvestment.com.