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New Harbor Financial Group
New Harbor Financial Group is an SEC-registered investment adviser in Worcester, MA, registered since 2010. The firm manages $821 million in assets, $794...
New Harbor Financial Group
New Harbor Financial Group is an SEC-registered investment adviser in Worcester, MA, registered since 2010. The firm manages $821 million in assets, $794 million on a discretionary basis. It has 9 employees and 6 investment advisers.
General information
Firm type
Multi Family Office
Year founded
2000
Location
Region
North America
Country
United States
City
Worcester
Corporate office
Worcester, MA, United States
Additional offices
Boston, MA · New York, NY
Principals
Michael Preston
CIO and Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at New Harbor?
Michael Preston, the firm's co-founder and Chief Investment Officer, chairs the investment committee and oversees all asset-allocation and manager-selection decisions. The two founders jointly approve any allocation shift exceeding 5% of a model portfolio, a concentration of authority that keeps the process fast-moving but creates key-person risk.
How does New Harbor source private-market deals?
New Harbor does not originate direct private-equity deals. The firm accesses private credit and real estate through fund commitments to managers like AQR, Cohen & Steers, and RealtyMogul. The firm's network — concentrated in New England industrial and professional-services families — occasionally surfaces co-investment opportunities, but these are evaluated case by case and never pooled across all client accounts.
Where does the firm's revenue model concentrate?
New Harbor charges a fee based on assets under management, following an RIA fiduciary model. The firm does not earn commissions, soft-dollar rebates, or placement-fee revenue from fund managers. All private-fund expense ratios are disclosed and netted against fees, a structure the founders have cited as the original rationale for leaving the broker-dealer channel in 2000.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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