Michael Preston has been Managing Member of New Harbor Financial Group since January 2005, is a control person of the firm and directly owns between 25% and 50% of it. Michael Preston holds a Master's degree in business from Bryant College and a Bachelor's degree in chemical engineering from Worcester Polytechnic Institute.
New Harbor Financial Group, LLC is a Worcester, MA firm with $821M under management, 1,019 clients and 6 advisers in one office, as of its July 2026 filing.
Michael R. Preston is Partner of New Harbor Financial Group and a founding principal of the firm. Before forming New Harbor, he was a Financial Advisor with UBS Financial Services (formerly PaineWebber). Before becoming a financial advisor, he worked as a chemical engineer.
Michael Preston’s longest registration is the current one, 15 years at New Harbor Financial Group since 2011. Before joining New Harbor Financial Group in 2011, Michael Preston was registered through UBS Financial Services Inc.
- – present · 15 yearsWorcester, MA · Adviser representative · Firm CRD 155528
- UBS Financial Services Inc.– · 1 yearWorcester, MA · Adviser representative · Firm CRD 8174
Professional designations
Listed by New Harbor Financial Group
- CERTIFIED FINANCIAL PLANNER™ (CFP®)
Investment adviser representative registrations
Michael Preston is registered as an investment adviser representative in 2 states. The first approvals date from January 2011; the most recent is Texas, in February 2011.
- MassachusettsSince 6 January 2011
- TexasSince 10 February 2011
Examinations
| Exam | Name | Passed |
|---|---|---|
| SIE | Securities Industry Essentials Examination | Credited |
| Series 63 | Uniform Securities Agent State Law Examination | 21 December 1999 |
| Series 65 | Uniform Investment Adviser Law Examination | 20 December 1999 |
| Series 7 | General Securities Representative Examination | 9 December 1999 |
- Name
- Securities Industry Essentials Examination
- Name
- Uniform Securities Agent State Law Examination
- Name
- Uniform Investment Adviser Law Examination
- Name
- General Securities Representative Examination
- Full name
- Michael Robert Preston
- CRD
- 4050238
- Firm
- New Harbor Financial Group · CRD 155528
- Role
- Managing Member
- Office
- 146 MAIN STREET, SUITE 302, Worcester, MA 01608
- Registration
- Investment adviser registration
- In the industry since
- December 1999
- Disciplinary history
- Not yet shown here · SEC record
- Firm bio
- newharborfinancial.com
Where does Michael Preston work?
Michael Preston has been Managing Member of New Harbor Financial Group, LLC since January 2005, and is a control person of the firm.
Is Michael Preston a financial advisor?
Yes. Michael Preston has a current investment-adviser registration in Massachusetts and Texas, through New Harbor Financial Group since January 2011.
How many years of experience does Michael Preston have?
Michael Preston has 26 years in the financial industry, since December 1999, across 2 adviser firms.
What exams has Michael Preston passed?
Michael Preston has passed 3 licensing exams: the Series 7, Series 65 and Series 63. The earliest, the Series 7, was passed in December 1999. FINRA credited Michael Preston with the SIE, which began in October 2018.
Where did Michael Preston work before New Harbor Financial Group?
Before New Harbor Financial Group, Michael Preston was registered through UBS Financial Services Inc., February 2004 to February 2005.
Where is Michael Preston based?
Michael Preston’s registered office is in Worcester, MA.
Is Michael Preston registered with FINRA?
No. Michael Preston has no current broker registration.
Is Michael Preston a CFP?
New Harbor Financial Group lists Michael Preston with the CFP credential (“CERTIFIED FINANCIAL PLANNER™ (CFP®)”) on its website. CFP Board confirms certification status.
Source: Michael R. Preston, CFP® biography, newharborfinancial.com
How can I verify Michael Preston’s record?
Search CRD 4050238 on the SEC’s adviser search (adviserinfo.sec.gov), which publishes Michael Preston’s full registration record.
