Company News

Matthew Petralia Joins Newport Group as Regional Director for the Northeast

May 7, 2019

Walnut Creek, CA—May 7, 2019—Newport Group, a leading provider of retirement plan services, announced today that Matthew Petralia has joined the organization as Regional Director for the Northeast territory. 

Mr. Petralia will be responsible for developing business relationships and identifying market opportunities, and promote the company’s qualified retirement plan services in Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. 

“With every new hire and addition to our team, we want to raise the overall value and expertise of our team as a whole. Matt and his past experience, knowledge and success definitely accomplish this goal for Newport Group,” said Executive Vice President Mike DiCenso.

Mr. Petralia has broad experience working with advisors and plan sponsors. Prior to joining Newport Group, he spent 20 years at Fidelity Investments, where in his most recent role as Vice President, Defined Contribution Specialist, he was responsible for small business 401(k) sales in the Boston and RI market. During his career with Fidelity, he was consistently a sales leader in various roles within the 401(k) and 403(b) groups, and most recently led the eastern region in small plan sales for both 2017 and 2018. 

Mr. Petralia earned his bachelor’s degree in finance and operations management from the Isenberg School of Management at the University of Massachusetts Amherst, and a master of business administration from Boston University’s School of Management. He holds Series 7, Series 6 and Series 63 securities registrations.

About Newport Group
Headquartered in Walnut Creek, California, Newport Group is a leading independent retirement services provider that helps employers—and the advisors who serve them—prepare employees for a more financially secure retirement. The company has more than $100 billion in retirement assets under administration and more than $250 billion in corporate retirement and insurance assets. Newport Group maintains investment objectivity, fee transparency and a commitment to flexible, responsive service. Staffed by an exceptional team of more than 1,250 retirement, insurance, and consulting professionals, the company provides retirement solutions tailored to the needs of employers of every size, from small businesses to the Fortune 1000.

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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.