# Newbore Wealth Management

Newbore Wealth Management is a Bank / Wealth / Trust based in Gladstone, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Gladstone, United States
- **Region:** North America
- **Address:** 15-82nd Drive, Suite 220, Gladstone, OR 97027
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** newbore-wealth.com

## Regulatory record

- **CRD number:** 306441
- **SEC file number:** 801-121039
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-25T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0

## About

Newbore Wealth Management is an SEC-registered investment adviser in Gladstone, OR, registered since 2021. The firm manages $200 million in assets. It has 3 employees, including 2 investment advisers.

## People

- Dave Newbore — CERTIFIED FINANCIAL PLANNER Professional

## Questions

### How does Newbore Wealth Management source investments for its clients?

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.

### What is Newbore Wealth Management's relationship with LPL Financial?

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).

## Related profiles

- [New Balance Foundation](https://altss.com/profile/new-balance-foundation)
- [Newborn Ventures](https://altss.com/profile/newborn-ventures)

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Updated: 2026-06-03T20:00:00.000Z

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