Breakwater Capital Group
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Breakwater Capital Group provides investment advisory and financial planning services to individuals, high net worth clients, retirement plans, trusts, estates, charitable organizations, and business entities. The firm offers portfolio management (discretionary and non‑discretionary), financial planning, retirement plan advisory and consulting, selection of other advisors, and limited trustee services as described in the brochure.
The firm’s investment process relies on fundamental analysis and constructs portfolios from ETFs, mutual funds, individual stocks and bonds, and alternative investments, and may recommend independent managers when appropriate. The brochure discloses the use of margin transactions and options strategies alongside ongoing account reviews and integrated financial planning as part of wealth management engagements.
Breakwater reports approximately $1,019,176,972 in discretionary assets under management and a four‑advisor team in its filing, a scale that implies AUM per advisor above $200 million relative to peers. The brochure also shows the firm operates from multiple offices, offers formal retirement plan participant enrollment and education tracking, and maintains in‑house trading and research resources (including a CFA charterholder on staff), features that are less common among similarly sized team advisers.
Client services
Expertise
Occupation focus
Fee options
Financial Planning fixed fees typically range from $5,000 to $20,000
$0 - $500,000: 1.50% $500,000 - $1,000,000: 1.25% $1,000,000 - $3,000,000: 1.00% $3,000,000 - $5,000,000: 0.75% $5,000,000 - $10,000,000: 0.60% $10,000,000+: 0.50%
Up to $500 per hour for Financial Planning, Consulting, and Retirement Plan Advisory Services consulting fees
Minimum fee: Minimum annual fee of $5,000 Fee-only: Financial Planning fees: fixed fees from $5,000 to $20,000; hourly fees up to $500/hour; Consulting fees hourly up to $500/hour; Retirement Plan Advisory Services fees: asset-based or consulting with minimum $5,000; Trustee services fees: 0.15%-0.25% plus wealth management fee or 0.50% when not investment advisor
Main office
See office140 E. Ridgewood Avenue, Suite 415
Paramus NJ 07652
Advisors at this office
1
Offices (4)
Most active in
California · Colorado · Connecticut · Florida · Maryland · Massachusetts · New Hampshire · New Jersey · New York · North Carolina · Pennsylvania · Texas · Virginia
Also doing business as
Breakwater Capital Group · Breakwater Capital Partners
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
James F
CFA®
Stoneham, MA
Breakwater Capital Group
James Fonzi is a CFA® charterholder at Breakwater Capital Group with one year of industry experience. Prior to joining Breakwater, he worked at Deloitte & Touche LLP for four years and held positions at US Financial Technology, Morgan Stanley & Company, and other organizations. Breakwater Capital Group serves individuals, high net worth clients, retirement plans, trusts, estates, charitable organizations, and business entities, offering investment advisory and financial planning services. The firm’s investment approach is based on fundamental analysis and utilizes a mix of ETFs, mutual funds, individual securities, alternative investments, and, when appropriate, independent managers.
Madeline B
CFP®, ChFC®, Series 63, Series 66
Denver, CO
Breakwater Capital Group
Madeline Barconi is a CFP® and ChFC® professional with 10 years of industry experience. She has worked at Breakwater Capital Group since 2022 and previously held roles at Colorado Capital Management, Inc. and Fidelity Personal and Workplace Advisors. Breakwater Capital Group provides investment advisory and financial planning services to individuals, retirement plans, trusts, estates, charitable organizations, and business entities. The firm uses fundamental analysis to construct portfolios including ETFs, mutual funds, stocks, bonds, and alternative investments, employing strategies such as options writing and margin transactions tailored to clients’ objectives and risk tolerance.
Thomas M
CFP®, Series 63, Series 66
Dedham, MA
Breakwater Capital Group
Thomas Mullen is a CFP® with 23 years of industry experience, currently serving at Breakwater Capital Group since 2023. He previously worked at Fidelity Brokerage Services LLC from 2015 to 2023. Breakwater Capital Group provides investment advisory and financial planning services to individuals, retirement plans, trusts, estates, charitable organizations, and business entities. The firm uses fundamental analysis to build diversified portfolios and employs a range of strategies including options writing and margin transactions, tailoring allocations to clients’ objectives and risk tolerance.
Jeffrey H
CFP®, Series 63, Series 66
Paramus, NJ
Breakwater Capital Group
Jeffrey Hanson is a CFP® professional with 24 years of experience in the financial services industry. He has worked at Fidelity Investments for 22 years before joining Breakwater Capital Group in 2022. He holds the Series 63 and Series 66 licenses and is based in Paramus, NJ. Breakwater Capital Group provides investment advisory and financial planning services to individuals, retirement plans, trusts, estates, charitable organizations, and business entities. The firm uses fundamental analysis to build diversified portfolios and employs a range of strategies, including options writing and margin transactions, tailored to clients’ objectives and risk tolerance.
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