New Frontier Advisors, Llc
- Regulatory AUM
- $4.0B
- Discretionary
- $110M
- Clients
- 122
- Avg AUM / client
- $32.7M
- Accounts
- 282
- Employees
- 16
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 86 | $69.9M | 1.75% |
| High net worth individuals | 31 | $38.9M | 0.97% |
| Other investment advisers | 3 | $3.9B | 97.2% |
| Corporations and other businesses | 2 | $1.1M | 0.03% |
People (6)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Richard Omer Michaud | Manager, President And Chairman (And Sole Trustee Of Richard Michaud 2017 Trust) | Jan 2008 (19y) | Less than 5% | |
| Robert Omer Michaud | Manager, Chief Investment Officer | Jan 2008 (19y) | 25% – 50% | |
| Esch, David, Nathaniel | Managing Director Research | Jan 2011 (16y) | Less than 5% | |
| Muller, Theresa, Ann | Chief Compliance Officer | Nov 2019 (7y) | Less than 5% | |
| Gabrielse, Abigail, Ruth | Chief Operations Officer | May 2021 (5y) | Less than 5% | |
| Jeffrey Brian Megar | Registered representative | CFA | Jul 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Richard Michaud 2017 Trust | Member | Aug 2017 | A | 50% – 75% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 947 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: SEC ALLEGES THAT NEW FRONTIER DID NOT UPDATE OUR COMPLIANCE MANUAL IN ACCORDANCE WITH THE AMENDMENTS TO ADVISERS ACT RULE 206(4)-1(D) THAT THE COMMISSION ADOPTED IN DECEMBER 2020 AND BECAME EFFECTIVE IN NOVEMBER 2022. Status: Pending Summary: NEW FRONTIER HAS NOT RECEIVED A FINAL DECISION OR ORDER FROM THE EXAMINERS.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Charles Schwab & Co. $91.6M (2% of AUM) Mar 2026
- Fidelity Distributors Company Llc $18.0M (0% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗