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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Former SEC-registered adviser

B••••••••• M••••••••• L•

Former SEC-registered adviserCentury City, CaliforniaCRD 170036SEC 801-114953IAPD
Latest filing Apr 26, 2023
First filing on the tape Mar 6, 2019 · 9 filings
RAUM
$169M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
8
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
4
$156M gross assets
History
9 filings and snapshots on the tape
RAUM$169M as of Mar 27, 2023
Mar 4, 2020$229M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 27, 2023
Mar 4, 20200 then
Employees (5.A)8 as of Mar 27, 2023
Mar 4, 202011 then
Private funds4 as of Mar 27, 2023
Mar 4, 20204 then
RAUM -39% over the last fiscal year-9.5% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 26, 2023; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$16.9MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-39%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$169M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
10reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      6 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B••••••••• C••••• O••••••••• F••• I• L•Other Private Fund$89.7M23Mar 6, 2019
      B••••••••• M••••• L•Private Equity Fund$26.3M4Mar 28, 2022
      B••••••••• C••••• O••••••••• F••• I•• L•Other Private Fund$22.8M8Mar 28, 2022
      B••• S•••••• 2•••• L•Other Private Fund$12.7M71Mar 6, 2019
      B••••••••• C••••• O••••••••• F••• L•Other Private Fund$8.7M76Mar 6, 2019
      B••••••••• M••••••• H••••••• L••no longer reportedOther Private Fund$04Mar 4, 2020
      Owners and control persons
      Schedule A and B, latest filing
      • B••••••• E•••• B•••• · Managing Partnercontrol
        since 10/2014 · owns 50% to 75%
      • K••••••••• J•••••• C•••••• · Partner/Chief Financial Officer/Chief Compliance Officercontrol
        since 08/2017 · owns less than 5%
      Entity owners
      • E••••• O• S••• M•••••• · E••••• O• S••• M••••••
        direct · owns 50% to 75%
      Related persons
      Schedule D 7.A
      • B••••••••• C••••• O••••••••• F••• I• G• L•
        pooled vehicle sponsory
      • B••••••••• C••••• O••••••••• F••• I•• G• L•
        pooled vehicle sponsory
      • B••••••••• I••••••••• M••••••••• L••
        pooled vehicle sponsory
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • HQ city · LOS ANGELES to CENTURY CITY
        Mar 27, 2023 to Apr 21, 2023
      • Accounts · 11 to 10
        Apr 6, 2022 to Mar 27, 2023
      • Advisory employees · 5 to 6
        Apr 6, 2022 to Mar 27, 2023
      • Pooled vehicle clients · 11 to 10
        Apr 6, 2022 to Mar 27, 2023
      • Private funds · 5 to 4
        Apr 6, 2022 to Mar 27, 2023
      • Discretionary RAUM · $279M to $169M
        Apr 6, 2022 to Mar 27, 2023
      • Pooled vehicle RAUM · $279M to $169M
        Apr 6, 2022 to Mar 27, 2023
      • RAUM · $279M to $169M
        Apr 6, 2022 to Mar 27, 2023
      • Accounts · 9 to 11
        Apr 22, 2021 to Mar 28, 2022
      • Advisory employees · 6 to 5
        Apr 22, 2021 to Mar 28, 2022
      • Pooled vehicle clients · 9 to 11
        Apr 22, 2021 to Mar 28, 2022
      • Employees · 10 to 8
        Apr 22, 2021 to Mar 28, 2022
      • Private funds · 4 to 5
        Apr 22, 2021 to Mar 28, 2022
      • Discretionary RAUM · $210M to $279M
        Apr 22, 2021 to Mar 28, 2022
      • Pooled vehicle RAUM · $210M to $279M
        Apr 22, 2021 to Mar 28, 2022
      • RAUM · $210M to $279M
        Apr 22, 2021 to Mar 28, 2022
      • Advisory employees · 7 to 6
        Mar 4, 2020 to Mar 22, 2021
      • Employees · 11 to 10
        Mar 4, 2020 to Mar 22, 2021
      • Discretionary RAUM · $229M to $210M
        Mar 4, 2020 to Mar 22, 2021
      • Pooled vehicle RAUM · $229M to $210M
        Mar 4, 2020 to Mar 22, 2021
      • RAUM · $229M to $210M
        Mar 4, 2020 to Mar 22, 2021
      • Accounts · 7 to 9
        Mar 6, 2019 to Mar 4, 2020
      • Advisory employees · 8 to 7
        Mar 6, 2019 to Mar 4, 2020
      • Pooled vehicle clients · 7 to 9
        Mar 6, 2019 to Mar 4, 2020
      • Private funds · 3 to 4
        Mar 6, 2019 to Mar 4, 2020
      • Discretionary RAUM · $211M to $229M
        Mar 6, 2019 to Mar 4, 2020
      • Pooled vehicle RAUM · $211M to $229M
        Mar 6, 2019 to Mar 4, 2020
      • RAUM · $211M to $229M
        Mar 6, 2019 to Mar 4, 2020
      Signals
      3 dated events
      • B••••••••• M••••••••• L• reported RAUM $169.2M, down 39% from $279.4M (2022-04-06 to 2023-03-27)
        Mar 27, 2023 · RAUM change · derived
      • M Saif Mansour (Managing Partner) no longer on Schedule A of B••••••••• M••••••••• L• (listed 2021-04-22, absent 2022-03-28)
        Mar 28, 2022 · Control person left · inference
      • B••••••••• M••••••••• L• filed its initial SEC registration (Form ADV)
        Mar 6, 2019 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/breakwater-management-lpreportedpublic record, Form ADV, Sep 18, 2026
      Website
      breakwatermgmt.comreportedpublic record, Form ADV, Sep 18, 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
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026