New Harbor Financial Group, LLC logo

New Harbor Financial Group, LLC

Updated today

Client AUM

$831,569,322

Clients

1,038

Advisors

5

of 9 employees

About

New Harbor Financial Group is a team-based registered investment adviser that provides investment management, wealth management, and financial planning to individuals (including high-net-worth clients), pension and profit-sharing plans, trusts, estates, charities, and business entities. The firm offers both discretionary and non-discretionary services and manages client assets through model portfolios tailored to each client’s objectives and risk tolerance.

The firm’s investment approach blends fundamental, technical, and cyclical analysis with portfolio implementation across exchange-traded funds, individual equities, bonds, mutual funds, and other vehicles; it also employs options strategies such as covered calls and protective puts. New Harbor notes it may use derivatives in separately managed accounts and recommends or invests in digital asset ETFs in certain cases, a practice that is less common among comparable team firms.

Distinctive features include a structured outreach component—Independent Adviser Representatives occasionally conduct educational seminars and workshops, sometimes in partnership with attorneys—and a supervisory history disclosed in a 2022 settlement with the Commonwealth of Massachusetts related to oversight of leveraged inverse ETF activity, which the firm addressed through restitution and compliance undertakings. The firm manages roughly $846 million for about 1,000 clients and operates a referral network that supplements its client development and service model.

Client services

Financial planning Portfolio management Educational seminars or workshops

Expertise

Options & derivatives strategies Wealth management Tax-loss harvesting

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Fee options

Fixed

Fixed fees for financial planning services generally range from $1,000 to $5,000 depending on scope.

Percentage

0.85% to 2.00% annually (depending on aggregate assets and individual circumstances)

Commissions

Some individuals are licensed insurance agents and may earn commissions for selling insurance products; Chief Compliance Officer may earn commissions as registered representative for variable annuities; these commissions are separate and in addition to advisory fees.

Project-based

Hourly financial planning/consulting rates generally range from $150 to $250 per hour, depending on scope and professional.

Other

Account minimum: $500,000 Fee-only: Fixed fee generally ranging from $1,000 to $5,000 for financial planning services, hourly fees range from $150 to $250 per hour. Fees negotiable and generally waived if client has $500,000 under management and implements plan through Investment Management Services.

Main office

146 Main Street, Suite 302

Worcester MA 01608

Advisors at this office

5

Most active in

Arizona · California · Colorado · Connecticut · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · Ohio · Oregon · Pennsylvania · Rhode Island · South Carolina · Tennessee · Texas · Utah · Vermont · Virginia · Washington · Wisconsin

Also doing business as

New Harbor Financial Group LLC · New Harbor Financial Group, LLC

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

John L

CFP®, Series 66

Worcester, MA

New Harbor Financial Group, LLC

John Llodra is a CFP® professional with 21 years of experience, currently serving at New Harbor Financial Group, LLC since 2005. He holds a Series 66 license and acts as co-trustee for the Llodra Family Gift Trust. Llodra is also involved with the Groton Conservation Trust, providing financial planning and investment advice for the organization’s assets, and is a co-owner of New Harbor Acquisition Partners, LLC, a business acquisition search firm. New Harbor Financial Group is a team-based registered investment adviser that serves individuals, pension and profit-sharing plans, trusts, estates, charities, and business entities. The firm employs a blended investment approach incorporating fundamental, technical, and cyclical analysis, and offers both discretionary and non-discretionary services across a range of investment vehicles.

Options & derivatives strategies Wealth management Tax-loss harvesting
user avatar

Justin G

Series 65

Worcester, MA

New Harbor Financial Group, LLC

Justin Griffin is a financial advisor with New Harbor Financial Group, LLC in Worcester, MA. He holds a Series 65 designation and has 14 years of industry experience, with over a decade at New Harbor Financial Group. Outside of his advisory role, he serves as a trustee for the Princeton Land Trust, where he attends board meetings and conducts site visits to oversee land use and compliance. New Harbor Financial Group is a team-based registered investment adviser that provides investment management, wealth management, and financial planning to individuals, trusts, estates, charities, and business entities. The firm uses a blend of fundamental, technical, and cyclical analysis in managing client portfolios across a range of investment vehicles and offers both discretionary and non-discretionary services.

Options & derivatives strategies Wealth management Tax-loss harvesting
user avatar

Michael P

CFP®, Series 63, Series 65

Worcester, MA

New Harbor Financial Group, LLC

Michael Preston is a CFP® with 26 years of experience in the financial services industry. He has been with New Harbor Financial Group, LLC since 2005 and previously worked at Purshe Kaplan Sterling Investments and UBS Financial Services. Outside of his advisory role, he is a co-owner of New Harbor Acquisition Partners, LLC, a business acquisition search firm. New Harbor Financial Group is a team-based registered investment adviser serving individuals, including high-net-worth clients, as well as pension plans, trusts, estates, charities, and businesses. The firm uses a combination of fundamental, technical, and cyclical analysis to manage client assets through a range of investment vehicles, including ETFs, equities, bonds, mutual funds, and options strategies.

Options & derivatives strategies Wealth management Tax-loss harvesting
user avatar

Kathlyn S

Series 66

Worcester, MA

New Harbor Financial Group, LLC

Kathlyn Scheel is a financial advisor at New Harbor Financial Group, LLC in Worcester, MA, holding a Series 66 designation with 13 years of industry experience. Her prior roles include positions at Baystate Financial and Commonwealth Financial Network. New Harbor Financial Group is a team-based registered investment adviser serving individuals, high-net-worth clients, pension and profit-sharing plans, trusts, estates, charities, and business entities. The firm employs a multifaceted investment approach utilizing fundamental, technical, and cyclical analysis across various asset classes and options strategies, and may incorporate derivatives and digital asset ETFs in client portfolios.

Options & derivatives strategies Wealth management Tax-loss harvesting
user avatar

John M

Series 65

Worcester, MA

New Harbor Financial Group, LLC

John Maher is a Series 65-licensed financial advisor with New Harbor Financial Group, LLC in Worcester, MA, with two years of industry experience. His prior work includes roles at Gordon Brothers LLC and The TJX Companies Inc. New Harbor Financial Group is a team-based registered investment adviser serving individuals, trusts, estates, charities, and business entities with discretionary and non-discretionary investment management and financial planning. The firm utilizes a blend of fundamental, technical, and cyclical analysis across various asset classes and employs options strategies and digital asset ETFs in certain cases.

Options & derivatives strategies Wealth management Tax-loss harvesting
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