Company News

Taking Precautions: How Newport is Responding to Coronavirus (COVID-19)

Mar 12, 2020

The health and safety of our clients and employees are top of mind amid concerns about coronavirus (COVID-19). That’s why we wanted to share with you information on how we are proactively monitoring the situation, and the steps we are taking to help ensure that we operate safely and effectively. 

Newport’s business continuity plan is comprehensive and incorporates an emergency management team structure. It was designed to minimize potential disruption in services during an emergency or disaster. The plan has been successfully implemented in the past and we are prepared to implement it at any time, as needed.

The protocols and capabilities within the plan include:
  • Sufficient technical infrastructure and network capacity to support both a geographical work-from-home scenario and, in a worst case scenario, the entire company on a work-from-home basis 
  • Secure, remote access for all employees
  • Video capability in place for all technology employees and senior staff across the firm
  • Redundancy capabilities within each business unit
In addition, our executive team has been meeting regularly to review the latest information from the Centers for Disease Control and Prevention (CDC) as well as all state, local and other guidance. The team continues to review the business continuity plan to ensure we have appropriate measures in place that are responsive to the unique nature of this viral threat and minimize business disruptions and ensure employee and others’ safety. 

We are committed to keeping clients informed and will provide updates as needed.

If you have any questions, please send an email to coronavirusquestions@newportgroup.com.
 

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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.