An established RIA built for independent advisors.
Breakaway Independent Advisors is a technology-driven, fee-only registered investment advisor. Advisors affiliate with us as independent contractors and keep their own brand while we carry the infrastructure.
Breakaway Independent Advisors, LLC is a San Diego-based registered investment advisor. Rather than helping advisors build and register a firm of their own, we offer an established RIA to affiliate with, advisors join as 1099 independent contractors, most often continuing under their own brand.
We handle the overlay: a pre-built technology stack, compliance supervision, IT and cybersecurity, and custodial contracts with Altruist. That means no entity formation, no Form ADV of your own, and no vendor negotiations before you can serve clients independently.
We are advisors ourselves, operating under the same fee-only fiduciary standard our affiliated advisors work under. Our model is designed so more of the revenue you generate stays with you, with payouts reaching 97%, while the operational load stays with us.
Fee-Only Fiduciary
No commissions and no product shelf to protect. Advice under our RIA is delivered under a fiduciary standard.
Build the practice you want, without the weight of doing it alone.
Most advisors do not leave because of one bad quarter. They leave because the platform and corporate agenda limits what they can offer, and because the revenue they generate builds someone else’s enterprise. But building your own RIA replaces those constraints with registration, vendor contracts, and a compliance program to maintain.
Affiliation is the middle path. You keep your brand, your clients, and the independence of a fee-only fiduciary practice, and we absorb the infrastructure that would otherwise take your attention away from advice.
Barret Frost
FOUNDER
Barret started in the financial services industry as an intern at both Smith Barney and then Merrill Lynch while completing his Finance degree at San Diego State University in 1998. Upon graduating he was immediately hired full time as a junior advisor on one of the most successful teams in the San Diego office. The team then decided to take control of the business and started their own independent firm in La Jolla, CA.
After spending 6 years as a Financial Advisor, Barret shifted gears to Business Development and Advisor Recruiting, where he spent almost 15 years at LPL Financial, 2 years at Fidelity, and 2+ years with Fusion Financial Partners. He has successfully guided hundreds of advisors to independence and RIAs over the last 20+ years.
In his spare time Barret spends a lot of time with his family at the beach, traveling, and on the baseball field. His wife Leah is an avid runner who trains and runs half marathons all year long. His three boys Jake (Senior at University of Arizona is studying Cybersecurity & Sports Management), Druw (Sophomore at Point Loma Nazarene University playing baseball and studying Kinesiology) and Cole (Junior at Point Loma High School) all have a passion for athletics. Barret also coaches baseball at Point Loma High School.
A confidential conversation is the simplest way to find out whether affiliating with Breakaway fits your practice.
