At Breakwater, we believe in choice, simplicity, and transparency. As such, we try to reflect these values in our fee schedules. You can choose how you would prefer to compensate Breakwater in a number of ways. We offer the following options:
- Assets Under Management fee (AUM) - This is a flat percentage charge based on the assets that we are managing for you. If you are paying our AUM fee, then you do not need to pay financial planning fees. Everything is included with the AUM fee. Our AUM fees are detailed below.
- Monthly Retainer fee - If you choose not to have Breakwater manage your investment accounts, or if Breakwater is managing your investment but you'd still like to pay a monthly fee rather than an AUM fee, then this might be the plan for you. For this service we charge between $300 and $750 per month depending on the complexity of your unique situation.
- Hourly Billing - If you are interested in a one-time financial plan, occasional check-ins, or a one-hour consultation, then this may be a good plan for you. Our hourly billing rate is $300 per hour.
|Assets Under Management||Flat Fee|
|$0 - $500,000||1.30%|
|$500,001 - $1,000,000||1.25%|
|$1,000,001 - $2,000,000||1.10%|
|$2,000,001 + $5,000,000||1.00%|
Breakwater has an annual minimum fee for its Assets Under Management and Monthly Retainer clients of $4,000 per year. This minimum annual fee amount can be met with AUM fees only, Monthly Retainer fees only, or a combination of both. The minimum fee does not apply to one-time financial plans or our hourly billing clients.
Fee schedules do not include internal fund fees, outside manager fees (if applicable), or any non-trading related transaction costs.
The above fee schedule applies to new clients of Breakwater Financial, LLC and is subject to negotiation.