Corporate Disclosures

NEWPORT GROUP

Corporate Disclosure
Newport Group, Inc. and its affiliates (“Newport Group”) provide recordkeeping, plan administration, trust and custody, consulting, investment advisory, investment management, insurance and broker-dealer services.

Compensation and General Business Arrangements
Newport Group receives compensation for providing services in a variety of ways, in accordance with applicable law and regulations. For example, Newport Group may receive fees from institutional customers for consulting, administrative services and recordkeeping services. Expense reimbursements, and/or compensation from financial institutions such as insurance companies, mutual funds and fund management companies may be received for placement of insurance or other financial products.

Newport Group’s retirement plan recordkeeping, administration, trust and custodial services are provided on a fee-for-services basis. When providing these services, Newport Group may receive indirect compensation from mutual fund providers. These amounts may be applied toward service fees or as otherwise provided in the service agreement with a customer.

Investment providers contract with Newport Group’s qualified plan recordkeeping business line enabling Newport Group to offer mutual funds, collective funds, ETFs and other investment products to qualified retirement plan customers as available investment options for plan participants. Newport Group may receive indirect servicing fees from investment providers to assist those providers in fulfilling their legal recordkeeping obligations. Newport Group discloses indirect compensation to plan fiduciaries and other parties in accordance with the requirements of applicable law.

Newport Group also contracts with insurance carriers enabling the marketing of general account and variable account insurance products. Carriers typically pay commissions, based on premiums received, and pay trailing commissions based on going premiums and/or cash values in exchange for policy servicing provided by Newport Group. Insurance commissions may be disclosed upon request. Insurance products are typically marketed to corporations and financial institutions to finance benefit programs.

Newport Group may also advise corporations on mutual funds as an informal financing tool for executive benefit programs. When doing so, Newport Group acts in its broker-dealer capacity. Fees and expenses on these products are disclosed in the applicable Mutual Fund Prospectus and Statement of Additional Information.

Investment Advisory Services
Investment advisory services are provided on a fee for service basis. When servicing ERISA-covered plans, no third-party compensation is received with respect to investment advisory recommendations made by Newport Group. Further information on Newport Group’s investment advisory services is available through their Form ADV-Part- 2A filings. These Form ADV-Part 2A filings provide information regarding the qualifications and business practices of these Newport Group affiliates. Copies of the Form ADV-Part- 2A filings are available upon written request or through www.sec.gov.

Additional Compensation-Potential Conflicts of Interest
Newport Group may also enter into supplemental arrangements related to certain insurance carriers that may provide additional revenue. These arrangements include, but are not limited to, technology development and support, new premium amounts, policy administration or service-related compensation related to the amount of in-force policies. Payment through any such arrangement comes from the general revenues of an insurance carrier and is not attributable to any customer or policy. This type of payment generally is not shared with any registered representative Payments from such arrangements are expected to be less than 1% of revenue of the Newport Group companies.

Marketing and Educational Expenses
Additionally, certain third-party institutions provide financial support to Newport Group on a voluntary basis for marketing Newport Group services through educational and sales meetings. No such support is based upon any sales or distribution quotas or other metrics. Sponsorship may be used toward expenses related to the meeting and conference expense such as lodging, food, travel, marketing materials and promotional items. Collectively, payments from these types of arrangements are expected to be less than approximately 1% of the revenue of Newport Group companies.

As with any financial intermediary, certain aspects of our relationships with the firms with whom we do business may have the potential to create incentives for Newport Group to promote or to recommend one product over another product.


Additional detailed information is available upon written request. Newport Group reviews this Disclosure Page periodically and may make changes or updates at any time and from time to time without prior notice. Any modifications will be effective upon posting.

Revised 06/20/2017

© Newport Group, Inc. – 2017. All rights reserved.

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i Newport Group Securities, Inc. (“NGS”) is dually registered investment advisor and broker-dealer. As a limited purpose broker-dealer, NGS advises institutional clients on mutual fund selections made available in non-qualified retirement plans.   NGS also offers to institutional clients, through non-affiliated insurance companies, “registered” variable life insurance and private placement variable universal life insurance policies. Investment advisory services are also offered through Newport Group Consulting, LLC.
 

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Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services. Fiduciary consulting services are provided through Newport Group Securities, Inc., an SEC-registered investment adviser and FINRA-registered broker-dealer, and InterServ, LLC, an SEC-registered investment adviser. Newport Group Securities, Inc. and InterServ, LLC are affiliates of Newport Group, Inc. All securities transactions are provided through Newport Group Securities, Inc., in its role as broker-dealer. All fiduciary consulting services are provided through the registered investment adviser. when offering variable insurance products, Newport Group Securities, Inc. acts solely in its capacity as a broker-dealer.
Trust and custody services provided by Newport Trust Company, a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc.