Company News

Matthew Petralia Joins Newport as Regional Director for the Northeast

May 07, 2019

Walnut Creek, CA—May 7, 2019—Newport, 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,” said Executive Vice President Mike DiCenso.

Mr. Petralia has broad experience working with advisors and plan sponsors. Prior to joining Newport, 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
Headquartered in Walnut Creek, California, Newport 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 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. (“NGI”), an Ascensus Company, and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services.

Securities are offered through Ascensus Broker Dealer Services, LLC (“ABDS”), member FINRA/SIPC. Securities in California are offered under the d/b/a Ascensus Corporate Insurance Solutions. Other insurance products may be offered by NGI. For more information, please visit -

Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, an SEC registered investment adviser and subsidiary of NGI. For more information about Newport Group Consulting and its services, please visit or refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905 or

Newport Trust Company is a New Hampshire state-chartered trust company and wholly owned subsidiary of NGI. Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.

The views expressed herein are those of NGI and are current only through the date indicated. These views are subject to change at any time based upon market or other conditions, and NGI disclaims any responsibility to revise these materials to reflect updated views. These views may not be relied upon as investment advice and, because investment decisions for NGI are based on many factors, may not be relied upon as an indication of trading intent.