DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

B••••••••• I••••••••• M•••••••••

Independent wealth managerSeattle, WashingtonCRD 150841SEC 801-79040websiteIAPD
Legal name B••••••••• I••••••••• M••••••••• L••
Latest filing Apr 15, 2026
First filing on the tape Mar 22, 2012 · 29 filings
SEC status approved since Jan 9, 2014
RAUM
$303M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$302M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$101M
derived; firm RAUM over IAPD count
Employees
4
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$303M as of Apr 15, 2026
Mar 22, 2012$71.3M then
HNW client RAUM$252M as of Apr 15, 2026
Feb 15, 2018$126M then
State-registered IARs (5.B.3)2 as of Apr 15, 2026
Mar 22, 20120 then
Employees (5.A)4 as of Apr 15, 2026
Jan 29, 20152 then
Private funds: no history
RAUM +21% over the last fiscal year+14% a year over threeIARs 1 to 2
Practice profile
derived from the filing of Apr 15, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$101MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
51derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.5MderivedHNW RAUM over HNW clients
Average account
$529,243derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
3.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+21%derivedbetween the last two annual amendments
Advisor growth, one year
+100%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.0%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, otherreportedItem 5.G
Custody
$364,129, 1 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$252M83%
  • Individuals$49.8M16%
  • Charitable organizations$554,5340.2%
Individual clients
96reported
HNW clients
56reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
572reported
Financial planning clients
26-50reported
Wrap fee programs
noreported
Custody of client assets
$364,129 for 1 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••••• F•••••• T•••••Certified Financial Planner, Chartered Financial AnalystSeattle, WaAug 27, 200942 y1
B•••••• A••• S••••••••Certified Financial PlannerSeattle, WaMar 26, 201417 y0
K•••• M• D••••••••Certified Financial PlannerSeattle, WaApr 8, 202610 y3
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • S••••••••• B••••••• A••• · Managing Member, Chief Compliance Officercontrol
    since 09/2021 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Seattle, Wa · principal310
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Advisory employees · 1 to 2
    Mar 31, 2026 to Apr 15, 2026
  • Employees · 3 to 4
    Mar 31, 2026 to Apr 15, 2026
  • State-registered IARs · 1 to 2
    Mar 31, 2026 to Apr 15, 2026
  • Accounts · 557 to 572
    Mar 24, 2025 to Mar 31, 2026
  • Charity clients · 5.0 to unset
    Mar 24, 2025 to Mar 31, 2026
  • HNW clients · 67 to 56
    Mar 24, 2025 to Mar 31, 2026
  • Individual clients · 85 to 96
    Mar 24, 2025 to Mar 31, 2026
  • Assets in custody · $1.5M to $364,129
    Mar 24, 2025 to Mar 31, 2026
  • Custody of client assets · false to true
    Mar 24, 2025 to Mar 31, 2026
  • Discretionary RAUM · $251M to $303M
    Mar 24, 2025 to Mar 31, 2026
  • HNW RAUM · $226M to $252M
    Mar 24, 2025 to Mar 31, 2026
  • Individual RAUM · $23.6M to $49.8M
    Mar 24, 2025 to Mar 31, 2026
  • RAUM · $251M to $303M
    Mar 24, 2025 to Mar 31, 2026
  • Accounts · 570 to 557
    Jul 11, 2024 to Mar 24, 2025
  • Charity clients · 6 to 5
    Jul 11, 2024 to Mar 24, 2025
  • HNW clients · 88 to 67
    Jul 11, 2024 to Mar 24, 2025
  • Individual clients · 134 to 85
    Jul 11, 2024 to Mar 24, 2025
  • Assets in custody · $1.8M to $1.5M
    Jul 11, 2024 to Mar 24, 2025
  • Financial planning clients · 26-50 to 26-50
    Jul 11, 2024 to Mar 24, 2025
  • Discretionary RAUM · $234M to $251M
    Jul 11, 2024 to Mar 24, 2025
  • HNW RAUM · $206M to $226M
    Jul 11, 2024 to Mar 24, 2025
  • Individual RAUM · $27.5M to $23.6M
    Jul 11, 2024 to Mar 24, 2025
  • RAUM · $234M to $251M
    Jul 11, 2024 to Mar 24, 2025
  • Accounts · 513 to 570
    Feb 17, 2023 to Jan 18, 2024
  • Charity clients · unset to 6.0
    Feb 17, 2023 to Jan 18, 2024
  • HNW clients · 93 to 88
    Feb 17, 2023 to Jan 18, 2024
  • Individual clients · 121 to 134
    Feb 17, 2023 to Jan 18, 2024
  • Assets in custody · $1.7M to $1.8M
    Feb 17, 2023 to Jan 18, 2024
  • Discretionary RAUM · $206M to $234M
    Feb 17, 2023 to Jan 18, 2024
  • HNW RAUM · $185M to $206M
    Feb 17, 2023 to Jan 18, 2024
  • Individual RAUM · $20.1M to $27.5M
    Feb 17, 2023 to Jan 18, 2024
  • RAUM · $206M to $234M
    Feb 17, 2023 to Jan 18, 2024
  • Accounts · 554 to 513
    Aug 5, 2022 to Feb 17, 2023
  • Charity clients · 5.0 to unset
    Aug 5, 2022 to Feb 17, 2023
  • HNW clients · 70 to 93
    Aug 5, 2022 to Feb 17, 2023
  • Individual clients · 84 to 121
    Aug 5, 2022 to Feb 17, 2023
  • Assets in custody · $1.9M to $1.7M
    Aug 5, 2022 to Feb 17, 2023
  • Employees · 2 to 3
    Aug 5, 2022 to Feb 17, 2023
  • Discretionary RAUM · $227M to $206M
    Aug 5, 2022 to Feb 17, 2023
  • HNW RAUM · $197M to $185M
    Aug 5, 2022 to Feb 17, 2023
Signals
3 dated events
  • Francis Joseph Turley (Managing Member) no longer on Schedule A of B••••••••• I••••••••• M••••••••• (listed 2021-02-09, absent 2021-09-13)
    Sep 13, 2021 · Control person left · inference
  • Anne Bethany Steinhaus (Chief Compliance Officer) appeared on Schedule A of B••••••••• I••••••••• M•••••••••
    Feb 9, 2021 · Control person joined · fact
  • B••••••••• I••••••••• M••••••••• filed its initial SEC registration (Form ADV)
    Jan 2, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business email
info@breakwater.comreportedpublished by the firm, firm site, Sep 16, 2026
Business email
maya@breakwater.comreportedpublished by the firm, firm site, Sep 16, 2026
Business email
addy@breakwater.comreportedpublished by the firm, firm site, Sep 16, 2026
Business email
beth@breakwater.comreportedpublished by the firm, firm site, Sep 16, 2026
Business phone
206-621-8832reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
206-259-6446reportedpublished by the firm, firm site, Sep 16, 2026
Business phone
206-337-7850reportedpublished by the firm, firm site, Sep 16, 2026
Website
breakwater.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
206.621.8832reportedpublic record, Form ADV, Apr 15, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$101Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026