Breakwater Financial offers investment management and financial planning services. They work with clients to understand their goals, risk tolerance, and financial situation to create a customized investment strategy. Portfolios are built primarily with mutual funds and exchange-traded funds. Financial planning services are included for portfolios valued at $250,000 or more. Breakwater does not participate in wrap fee programs.
Fee Structure
Breakwater Financial charges a percentage of your portfolio's value each year, ranging from 0.50% to 1.5%. The exact rate depends on the amount of assets they manage for you. Fees are paid quarterly in advance. The fee may include securities transaction fees for normal trading. There is a $5,000 minimum annual fee for full-service clients who engage Breakwater for both portfolio management and financial planning services.