Company News

Clay Kennedy Joins Newport as Regional Director
 

Apr 24, 2020

Newport, a leading provider of retirement plan services, is pleased to announce that Clay Kennedy has joined the organization as a Regional Director.
 
In this role, Mr. Kennedy will be responsible for developing business relationships, identifying market opportunities, and promoting the company’s non-qualified retirement plan offerings (deferred compensation, etc.). He will also provide expertise and guidance for corporate-owned life insurance (COLI), bank-owned life insurance (BOLI), insurance-company owned life insurance (iCOLI), rabbi trusts, and company stock programs.
 
Mr. Kennedy is based in our Dallas office, and his territory includes the states of Arkansas, Colorado, Kansas, Louisiana, Missouri, Montana, New Mexico, Oklahoma, Texas, and Wyoming.
 
“Throughout his 22-year career in sales and management, Clay has established strong relationships with financial advisors and intermediaries,” said Kurt Laning, Newport’s Executive Vice President. “I’m confident that his expertise will increase value for Newport and our clients alike.”
 
Mr. Kennedy has extensive knowledge in non-qualified plan strategy, including design, consultation, implementation, and enrollment. Prior to joining Newport, he was the regional vice president of non-qualified compensation plans for Principal Financial Group. In that role, he was responsible for the execution of marketing and sales strategy in the design, sale, and implementation of non-qualified deferred compensation plans. He also served as senior vice president of business development at ReMark International, where he focused on building new business relationships with insurance and financial services companies.
 
Mr. Kennedy earned his bachelor’s degree in psychology from Texas Tech University.

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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.