Company News

A Major Milestone: One Million Plan Participants
 

We are pleased to announce that Newport Group has achieved a major milestone: providing service to more than one million retirement and benefit plan participants.

Newport Group Completes Acquisition of Institutional Trust and Independent Fiduciary Business

Oct. 19. 2017Newport Group, a leading provider of retirement, insurance and consulting services, announced today that it has completed its acquisition of Evercore Trust Company’s institutional trust and independent fiduciary business.

Frank Randall joins Newport Group Sales Team as Regional Director for the Northeast

Frank Randall has joined the Newport Group Sales Team as Regional Director for the Northeast territory. He will report to Senior Vice President of Institutional Sales Micah DiSalvo. Mr. Randall will be responsible for developing business relationships and identifying market opportunities. In this role, he will promote Newport Group’s qualified plans in New York, New Jersey, and Pennsylvania.

Newport Group Ranked a Top DC Recordkeeper

We are pleased to announce that the retirement industry's leading publication has again named Newport Group one of the nation's largest defined contribution recordkeepers.

Evercore Agrees to Sell Its Institutional Trust and Independent Fiduciary Business to Newport Group

Evercore (NYSE:EVR) and Newport Group, Inc. (“Newport Group”) announced today that they have entered into an agreement by which Evercore will sell the institutional trust and independent fiduciary business of its subsidiary Evercore Trust Company, N.A. to Newport Group.

Nate DeLong joins Newport Group Sales Team as Regional Director for the West Coast.

Nate DeLong has joined the Newport Group Sales Team as Regional Director for the West Coast. He will be responsible for developing business relationships and identifying market opportunities. In this role, he will promote Newport Group's compliance-only services for qualified plans, which the firm offers in partnership with other qualified plan recordkeepers.

Brian O'Donohue Earns National Industry Honor

We are pleased to announce that the retirement industry's leading publication has recognized Newport Group's Brian O'Donohue as one of the nation's top "Service Stars."

Adam Sandahl Appointed Senior VP of Non-Qualified Plans and Insurance Distribution

Adam Sandahl has joined Newport Group as Senior Vice President, Non-Qualified Plans and Insurance Distribution. He will be responsible for optimizing Newport Group’s existing distribution network and to grow its distribution of non-qualified recordkeeping services and institutional life insurance programs.

Bo Woodall Promoted to West Coast Regional Director

Bo Woodall has been promoted to Regional Director in Newport Group's West Coast Region. Mr. Woodall will be responsible for developing business relationships and identifying market opportunities to promote Newport Group’s retirement plan recordkeeping and administration services to third-party intermediaries. He will cover California, Nevada, Arizona and Hawaii. He will report to Senior Vice President of Institutional Sales Micah DiSalvo.

Newport Group Recognized as by Plan Sponsors

Supporting retirement plan sponsors and their participants is what we do best, and is our main focus at Newport Group. We are dedicated to the highest levels of flexible, responsive service, in all the areas that matter most to retirement plan sponsors: technology, education, plan administration, investments and fees, and account service teams.

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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.