Company News

Ascensus Closes Newport Merger Agreement

Leading provider of tax-advantaged savings and related services will serve more than 15 million savers with expanded technology, solutions, and expertise

Ascensus and Newport to Combine and Create a Leading Provider in Tax-Advantaged Savings 

Ascensus has entered into a definitive agreement under which Newport will merge with Ascensus. The newly combined organization will offer a broader set of capabilities and products to benefit institutional partners, clients, advisors, and savers.
 

Clay Kennedy Joins Newport as Regional Director

Newport, a leading provider of retirement plan services, has announced that Clay Kennedy has joined the organization as a Regional Director.

Sneak Peek: Our Latest Compensation, Retirement and Benefits Trends Survey

What are the latest approaches for recruiting, rewarding and retaining talent? And what roles do you play as an advisor? Find out more of the the latest trends in Newport annual Compensation, Retirement and Benefits (CRB) Trends Report.

Newport Group's Non-Qualified Plan Expertise Takes Center Stage

Walnut Creek, CA—August 13, 2018—Newport Group is earning national recognition for the company's thought leadership on non-qualified plans. 

Meet the Team

Three Questions with Rena Somersan, Managing Principal, Newport Group's Compensation Consulting Services

Newport Completes Acquisition of Institutional Trust and Independent Fiduciary Business

Walnut Creek, CA—October 19, 2017—Newport , 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.

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

Walnut Creek, CA—May 9, 2017—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.

Newport Group Acquires Personnel, Assets from The Todd Organization

Walnut Creek, CA—November 16, 2016—Newport Group, a leading provider of retirement plans, insurance, and consulting services, announced today that it has acquired certain retirement and insurance plans from The Todd Organization of Ohio and hired the key client relationship managers who service these plans.

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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 - www.ascensus.com

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 newportgroup.com or refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905 or adviserinfo.sec.gov.

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.