Michael Preston
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, Investment Management. Their firm serves 959 clients with $580M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
New Harbor Financial Group's fee for managing your investments is a percentage of the assets they manage, ranging from 0.85% to 2.00% per year. The specific percentage depends on the total amount they manage for you and your individual circumstances. The fee is billed quarterly in advance, based on the value of your account at the end of the previous quarter.
Location
146 Main Street, Suite 302, Worcester, MA, 01608
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Regulatory History
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.
Learn about disclosures →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
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
Commonwealth Financial NetworkBroker
UBS Financial Services INC.
UBS Financial Services INC.Broker
State Registrations2 states
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.