# New Harbor Financial Group

New Harbor Financial Group is a Multi Family Office based in Worcester, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Worcester, United States
- **Region:** North America
- **Address:** Worcester, MA, United States
- **Founded:** 2000
- **Assets under management:** $150M – $500M (Altss estimate)
- **Website:** www.newharborfinancial.com
- **LinkedIn:** https://www.linkedin.com/company/newharborfinancialgroup

## Regulatory record

- **CRD number:** 155528
- **SEC file number:** 801-72007
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/155528

## About

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.

## Sectors

- ETF/Passive Investing
- Tactical Asset Allocation
- Private Credit
- Real Estate

## Offices

- Boston, MA
- New York, NY

## People

- Michael Preston — CIO and Co-Founder

## 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.

## Related profiles

- [New England Teamsters Pension Fund](https://altss.com/profile/new-england-teamsters-pension-fund)
- [New Horizons Wealth Management](https://altss.com/profile/new-horizons-wealth-management)

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Last updated: 2026-07-06T01:24:21.890Z

Canonical page: https://altss.com/profile/new-harbor-financial-group

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