Company News

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

May 1, 2017

Walnut Creek, CA—April 26, 2016—Newport Group, a leading provider of retirement plans, insurance, and consulting services, announced today that Adam Sandahl has joined the organization as Senior Vice President, Non-Qualified Plans and Insurance Distribution. He will report to Kurt Laning, Newport Group Executive Vice President.

In this newly created position, Mr. Sandahl 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. In addition, he will direct and coordinate the activities of the Newport Group non-qualified and insurance regional director team, and be responsible for increasing profitable opportunities and sales through intermediary partners.

“Adam’s deep industry experience will contribute to new product development ideas and service delivery enhancements for our clients and advisor partners,” said Laning. “Our relationships with our advisor partners are key to Newport Group’s success, and Adam will help them grow their businesses and develop additional business for us as well.”

Mr. Sandahl has a broad base of experience in the design, implementation, funding and administration of executive benefit plans. Prior to Newport Group, he served as executive vice president and head of individual sales at Lombard International/Philadelphia Financial, where he oversaw the establishment of a sales force, led the offering of institutional life insurance programs, and implemented sales training and strategic plans. Earlier, he held positions as national sales manager with Nationwide Financial, national vice president with Sun Life Financial, and other leadership positions marketing non-qualified plans and corporate-owned life insurance with financial services firms.

Mr. Sandahl earned his bachelor’s degree in management with computer applications from Worcester Polytechnic Institute in Worcester, MA. He holds multiple designations from The American College, including CLU, ChFC, and REBC, and holds FINRA Series 6, 63, and 26 securities registrations.

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 $80 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.
 

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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.