Fee-only adviser · Needham, MA
Breakwater Financial, LLC
Breakwater Financial, LLC is a fee-only investment adviser registered with the U.S. Securities and Exchange Commission, with its main office in Needham, Massachusetts. On its latest Form ADV, filed July 13, 2026, it reports $128M in regulatory assets under management, 62 individual clients and 1 employee who gives investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.
Key facts from Form ADV
| Registration | SEC-registered |
|---|---|
| Firm CRD number | 282401 · SEC file 801-131321 |
| Office | 117 Kendrick Street Suite 300 Needham, MA 02494 |
| Phone | (617) 849-8019 |
| Website | breakwaterfinancial.com |
| Regulatory assets under management | $128M |
| Individual clients | 23 non-high-net-worth, 39 high-net-worth |
| Financial planning clients | 51-100 |
| How it charges | Percentage of assets, Hourly, Fixed fee |
| Services | Financial planning, Portfolio management, Selection of other advisers |
| Employees | 1 |
| Disciplinary disclosures | None reported |
| Latest Form ADV filing | July 13, 2026 |
Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.
What this means for you
- It offers hourly or fixed-fee arrangements, so you may be able to pay for a plan without handing over your investments.
- It also charges a percentage of assets managed for ongoing investment management.
- Most of its individual clients are high-net-worth, which on Form ADV means they meet the SEC’s qualified-client or qualified-purchaser test: broadly, more than $1 million managed by the adviser or a net worth above $2 million, with the thresholds indexed for inflation.
- It provides financial planning services, not only portfolio management.
- It reports no disciplinary history on Form ADV.
Before you hire any adviser
Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.
Other fee-only advisers in Needham
- Centerpoint Advisors, LLC $732M
- Forness Financial LLC $203M
- Commons Capital, LLC $307M
- Traub Capital Management $211M
- Darrow Wealth Management $392M
- The Sher Wealth Management Group $146M
See all 10 fee-only advisers in Needham →
Nearby
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- Waban 1 firm
- Newton Centre 1 firm
- Wellesley Hills 1 firm
- Newton Lower Falls 1 firm
- Wellesley 12 firms
- Auburndale 1 firm
- Newton 11 firms
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