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CFP
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CFP

Michael Preston

New Harbor Financial Group, LLC
26 Years of Experience
Worcester, MA
Sells Insurance
View SEC Summary
View SEC Summary

Michael Preston is a CFP-designated registered investment advisor at New Harbor Financial Group, LLC, based in Worcester, MA, with 26 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,019 clients with $820M in assets under management.

New Harbor Financial Group, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
5 advisors
Number of Clients
1,019 clients
Average Client Portfolio
$806K average
Assets Under Management
$820.9M

Fee Structure

Minimum Investment:$500K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

Annual portfolio management fees generally range from 0.85% to 2.00% depending on aggregate assets managed and individual client circumstances.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
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Location

146 Main Street, Suite 302, Worcester, MA, 01608

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Michael is an insurance broker since 2011, selling fixed annuities, life insurance, and long-term care insurance, dedicating minimal time to this. He is also a co-owner/member of New Harbor Acquisition Partners, LLC, a business acquisition search firm, spending about 10-20% of his time on this activity.

Employment History
Current Registrations
New Harbor Financial Group, LLC
January 2011 - Present · 15 yrs 9 mos
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
January 2011 - December 2017 · 6 yrs 11 mos
Commonwealth Financial NetworkBroker
January 2005 - December 2010 · 5 yrs 11 mos
UBS Financial Services INC.
February 2004 - February 2005 · 1 yr
UBS Financial Services INC.Broker
December 1999 - February 2005 · 5 yrs 2 mos
State Registrations2 states
MATX
Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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