Newbore Wealth Management

Dave Newbore, the firm's founder and sole CERTIFIED FINANCIAL PLANNER™ Professional, appears to be the only named advisor on the firm's website. No additional investment committee members or principals are disclosed. The firm's small-team structure — with a single office and no identified associate advisors — suggests Newbore personally oversees client portfolios and investment recommendations.

Newbore relies entirely on non-proprietary products available through LPL Financial's platform. LPL is the largest independent broker-dealer in the US, providing access to equities, fixed income, mutual funds, exchange-traded funds, annuities, and alternative investments. The firm does not operate its own fund vehicles, direct private deals, or separate managed accounts outside the LPL custody and clearing framework.

Newbore operates as a retail-focused wealth management practice serving individuals and businesses in the Portland metropolitan area, not a family office. It does not manage intergenerational wealth for a single family, carry a multi-family office mandate, or maintain pooled investment vehicles for ultra-high-net-worth clients. The firm's website language — centered on retirement planning, 401(k) management, and introductory consultations — reflects a mass-affluent and high-net-worth retail client base.

There is no evidence Newbore manages institutional separate accounts, pension fund mandates, endowment assets, or fund-of-funds allocations. The firm's stated focus is on personal financial planning for individuals and families, with 401(k) program support for small businesses representing the closest offering to an institutional service. No direct fund commitments or alternative-asset vehicles are named.

Newbore uses LPL Financial as its broker-dealer and custodian. This means client assets are held at LPL, trades settle through LPL, and Newbore operates under LPL's FINRA umbrella. LPL provides compliance support, product access, and technology infrastructure, but Newbore retains independent branding and control over client relationships and advisory recommendations. The arrangement is typical of the independent-contractor model prevalent across LPL's approximately 22,000 affiliated advisors (per LPL Financial Form 10-K, February 2024).