Breakwater Investment Management
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Breakwater Investment Management is a registered investment adviser managing about $302.7 million in discretionary assets for roughly 152 clients and is supported by two advisors. It serves a core base of individual and high‑net‑worth clients and also works with a range of institutional clients — including qualified retirement plans, trusts, non‑profits and, unusually for a firm of this size, relationships with banking or thrift institutions, insurance companies, state or municipal entities, sovereign wealth clients and other investment advisers — while offering portfolio management, financial planning, 401(k) plan advisory, and corporate trustee services.
The firm’s investment approach emphasizes broadly diversified, primarily ETF‑based portfolios grounded in modern portfolio theory, with meaningful global and emerging‑market exposure and regular rebalancing. Breakwater implements model portfolios for different risk tolerances and uses a sub‑advisory arrangement with Ethic (with SSGA managing the underlying model) for some strategies, and employs discretionary trading authority and automated rebalancing and tax‑loss harvesting tools.
Notable operational features include the firm’s use of an AI‑enabled third‑party platform (Jump) for administrative and compliance support, an absorption program for certain legacy clients’ transaction costs, and the availability of corporate trustee services and standing transfer authorizations. Custody is typically maintained through a major broker‑dealer custodian, the firm does not vote client proxies, and it discloses the supervision and oversight practices it uses to manage potential conflicts arising from its sub‑adviser and vendor relationships.
Client services
Expertise
Fee options
Financial planning flat fees ranging from $2,500 to $20,000 based on complexity
$0 - $500,000: 1.25% $500,001 - $1,000,000: 1.00% $1,000,001 - $5,000,000: 0.85% $5,000,001+: Negotiable
$350 per hour for financial planning services for non-investment advisory clients
Account minimum: $5,000 minimum annual fee (waivable at discretion); $50,000 minimum account size for Ethic investment strategy (waivable at discretion) Minimum fee: Minimum annual fee of $5,000 to commence or continue an advisory relationship for new clients only; this minimum is waivable at firm's discretion Fee-only: Asset-based advisory fees as detailed in tiered schedule; financial planning fees based on hourly rate or flat fee; no commissions received
Main office
2033 Sixth Avenue, #1010
Seattle WA 98121
Advisors at this office
3
Most active in
California · Oregon · Virginia · Washington
Also doing business as
Breakwater Investment · Breakwater Investment Management · Breakwater Investment Management, LLC
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.
Advisors at this firm
Kevin D
CFP®, Series 66
Seattle, WA
Breakwater Investment Management
Kevin De Angelis is a CFP® certificant with nine years of industry experience. He currently serves as an advisor at Breakwater Investment Management, where he has worked since 2026. His prior experience includes roles at Stifel Nicolaus & Co Inc and Thrivent Financial. Breakwater Investment Management is a registered investment adviser managing over $300 million in discretionary assets for individual, high-net-worth, and institutional clients. The firm focuses on broadly diversified, primarily ETF-based portfolios and utilizes model strategies with automated rebalancing and tax-loss harvesting, while also providing financial planning and corporate trustee services.
Bethany S
CFP®
Seattle, WA
Breakwater Investment Management
Bethany Steinhaus is a CFP® professional with 11 years of experience, currently serving as the sole advisor at Breakwater Investment Management in Seattle, WA. She has been with Breakwater since 2009. Breakwater Investment Management oversees approximately $250.8 million in discretionary assets for about 150 clients, including individuals, high-net-worth clients, qualified retirement plans, trusts, businesses, and non-profit organizations. The firm employs model portfolios that emphasize low-cost, primarily passive ETFs alongside some actively managed funds, focusing on globally diversified portfolios with exposure to international and emerging markets.
Joseph T
CFP®, CFA®, Series 63, Series 66
Seattle, WA
Breakwater Investment Management
Joseph Turley is a CFP® and CFA® with 22 years of industry experience. He has been with Breakwater Investment Management since 2009 and has held a role at IDS Life Insurance Company since 2003. Turley occasionally provides telephone consultations as an outside consultant and subject matter expert. Breakwater Investment Management oversees approximately $250.8 million in discretionary assets, serving individuals, high-net-worth clients, qualified retirement plans, trusts, businesses, and non-profit organizations. The firm employs model portfolios that emphasize low-cost, primarily passive ETFs, with global diversification and discretionary management tailored to client-specific needs.
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