Breakwater Management, Lp

CRD#170036
Investment Advisor Firm

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Overview

Breakwater Management, Lp is a financial advisor firm located in Los Angeles, California. The company oversees $228.5 million in assets under management over nine customer accounts, making it a mid-tier investment advisory firm in the country by assets under management (AUM). Breakwater Management, Lp has a small group of 11 employees, including seven financial advisors. Breakwater Management, Lp is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets like bonds, stocks and options.

Breakwater Management, Lp administers all of its client assets in a discretionary manner. Discretionary management signifies that buy and sell decisions for the client's account are made by an investment advisor without requiring the customer's authorization. The company oversees an average of $25.4 million for each account. An average financial advisor at Breakwater Management, Lp administers about one client account, placing it among the most individualized firms in the country.

The firm's central office is at 1999 Avenue Of The Stars, Los Angeles, California 90067. The firm is allowed to provide services to investors in the state of California.

Assets Under Management

$228.5 million

Number of Advisors

7

Disclosures

No

Office Location

1999 Avenue Of The Stars
Los Angeles, CA 90067

Breakwater Management, Lp by the Numbers

Total Assets Under Management

$228.5 million

National Average: $3.7 billion
Total Number of Employees

11

National Average: 29
Total Number of Accounts

9

National Average: 2,073
Average Account Size

$25.4 million

National Average: $1.8 million

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Fee Structure

A financial advisor's fees are based on the financial services offered. However, fees charged by the company likely include some blend of the following fee types: asset-based or performance-based. The company does not provide a wrap fee program, in which the company offers a bundle of services for a single fee.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Breakwater Management, Lp provides services to pooled investment vehicles. Out of its nine accounts, Breakwater Management, Lp's biggest client group is pooled investment vehicles. Around 22% of its customers are non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Breakwater Management, Lp does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA