Newport Group Launches New Unified Brand
Mar 31, 2016
WALNUT CREEK, CA – March 31, 2016 – Verisight today announced that they have unified with DailyAccess and The Newport Group under a new brand: Newport Group. The company has more than $75 billion in retirement assets under administration and more than $150 billion in corporate retirement and insurance assets. As part of the rebrand, Verisight Trust Company has changed its name to Newport Trust Company. Newport Trust Company provides non-discretionary, directed trustee services to retirement services clients.
Focused on helping plan sponsors, and the advisors who serve them, build financial security for employees, Newport Group combines the objectivity of an independent provider with the scale of a leading national retirement services firm.
“We believe that plan sponsors and advisors want independence and customization as well as scale and expertise,” said Newport Group CEO Greg Tschider. “Our independence, coupled with our experience and responsiveness, is what our brand stands for. Most providers of our size are attached to a larger financial institution. Because we remain independent, Newport Group has no incentive to market specific investment products to a client, and our consulting, recordkeeping and administration services are objective, fee-based and fully transparent.”
Behind the new brand is a company with an exceptional growth story – and the ability to provide solutions tailored to the needs of employers of every size, from small businesses to the Fortune 1000. Newport Group offers full-service qualified and non-qualified retirement plans, insurance and consulting.
As a retirement provider, Newport Group specializes in every aspect of plan design and consulting, targeted participant communications, regulatory compliance, recordkeeping and administration. Newport Group also offers consulting services for retirement, benefit and compensation plans – as well as corporate insurance services, including bank-owned life insurance (BOLI) and corporate-owned life insurance (COLI).
“Advisors, plan sponsors and participants benefit from our breadth of offerings, geographic reach and continued investments in our business,” said Newport Group COO Laura Ramanis. “The rebranding will be seamless to clients. Service teams, tools, reporting features and logins will remain the same. So will the company’s independence and commitment to exceptional results.”
About Newport Group
Headquartered in Walnut Creek, California, Newport Group is a leading independent retirement services firm that helps employers – and the advisors who serve them – prepare employees for a more financially secure retirement. The company has more than $75 billion in retirement assets under administration and more than $150 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 1,000 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.