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Breckinridge Capital Advisors

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Breckinridge Capital Advisors specializes in managing investment-grade bond portfolios. Its financial advisors serve a range of clients including sophisticated investors and large institutions. With that said, it doesn't offer financial planning services to individual clients without substantial assets or investment acumen.

Breckinridge Capital Advisors Background

Breckinridge Capital Advisors formed in 1993. It currently also operates as a Massachusetts Benefit Corporation. The firm currently is principally owned by Peter Coffin, the firm’s founder and president.

Breckinridge Capital Advisors Types of Clients and Minimum Account Size

Beckinridge works with individuals, trusts, estates, charitable organizations, foundations, corporations, investment companies, private investment funds, Taft-Hartley plans, public funds and other institutional investors.

The firm’s minimum account requirements vary, depending on the investment strategy it uses to manage the client’s account. General fixed-income strategies require a $10 million minimum investment. Investment-grade bond strategies require a minimum of $500,000. The firm may waive or update these minimums at its discretion. 

Services Offered by Breckinridge Capital Advisors

Breckinridge focuses on investment-grade fixed-income portfolio management services. It offers municipal, government and sustainable bond strategies through separate accounts.  

Breckinridge Capital Advisors Investment Philosophy

The firm adopts the following investing strategies: 

  • Tax-Efficient Strategy: involves a diversified allocation to tax-exempt municipal bonds and seeks to maximize after-tax income and preserve capital
  • Government Credit Strategies: invests in U.S. Treasury, government-related and corporate bonds in order to maximize risk-adjusted returns and preserve capital 
  • Fixed-Income Strategies: invests in U.S. Treasury, government-related, corporate and securitized bonds to preserve capital and to maximize risk-adjusted returns
  • Sustainable Strategies: invests in issuers with above-average environmental, social and governance profiles and/or bonds that fund essential environmental, social or economic development projects. Values-based customizations, such as environmental- or religious-based themes, are also available.

Overall, the firm’s fixed-income approach seeks to generate positive returns especially in times of economic distress to counterbalance any poor performance of riskier assets. The firm states: “Our goal is to strike the right balance between risk and return, without overreaching for yield.” The firm believes that taking on too much risk can cause bond portfolios to correlate with equities, causing such investments to flounder, especially in times of economic tension. 

Fees Under Breckinridge Capital Advisors

Breckinridge charges a maximum annual fee of 0.35% of assets under management (AUM). The firm may deduct this fee from custodial accounts or send an invoice directly. In addition, the firm collects fees for the wrap-fee programs it advises. In these cases, advisory fees come for the program sponsor.

What to Watch Out For

Breckinridge has no legal or disciplinary events to report to on its SEC-filed Form ADV.

Opening an Account With Breckinridge Capital Advisors 

To contact Breckenridge, call its Boston headquarters at (617) 443-0779 or its San Diego office at (858) 352-1167.

All information is accurate as of the writing of this article.

Tips on Finding the Right Financial Advisor 

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How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research