Risk Management

BOLI in the current regulatory environment is increasingly complex. Newport Group assists banks with their BOLI compliance as outlined by the Interagency Statement on the purchase and risk management of life insurance.

BOLI risk management involves multiple regulatory, tax and accounting entities. We support our clients in the development and ongoing fulfillment of a comprehensive risk management framework that ensures that all regulatory requirements are met. Newport Group meets the regulatory requirements of 2004-56 and 2013-29.

 

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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.