Firm
Breakwater Financial
Needham, Massachusetts
Fee-only
Breakwater Financial at a glance
- One of 352 fee-only firms based in Massachusetts in the Wellspent graph.
- 1 advisor is listed here, who holds the CFP.
- Its Form ADV reports 1 employee and 62 individual clients, 39 of them high net worth.
- Its average account is about $455,000 (assets it manages divided by its 281 accounts).
- Its ongoing planning fee starts at $3,600 a year, below the Massachusetts median of $5,000.
Fee-only advisors in Massachusetts · What fee-only advisors charge in Massachusetts
Facts
| Based in | Needham, Massachusetts |
|---|---|
| Website | breakwaterfinancial.com |
| Phone | (617) 849-8019 |
Breakwater Financial fees
What the firm's own website says it charges, checked October 30, 2026. We keep a price only when the exact words stating it appear on the page.
| Ongoing planning | From $3,600 a year |
|---|---|
| Asset-based fee | 0.5% to 1.5% a year |
| How it charges | Hourly · Ongoing planning fee |
In the firm's words
"$300 - $1,500 per month" source
".50% to 1.50%" source
".50% to 1.50%" source
"we offer financial advice on an hourly, fixed fee or full-service basis" source
For comparison, fee-only firms that publish prices charge a median of $4,500 a year for ongoing planning, $2,000 for a one-time plan, $300 an hour, or 1% of assets. See the fee report.
What its SEC filing says
| Paid by | Percentage of assets · Hourly · Fixed fees |
|---|---|
| Assets managed | $128 million |
| Individual clients | 23 |
| High-net-worth clients | 39 |
| Accounts managed | 281 |
| Employees | 1 |
| Planning clients | 51-100 |
| Registered with | The SEC (801-131321) |
| Financial planning | Offered |
| Form ADV filed | July 13, 2026 |
| SEC record | CRD 282401 |