Company News

Newport Group Acquires Personnel, Assets from The Todd Organization

Nov 16, 2016

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.
“This acquisition by Newport Group will allow Todd’s Cleveland-area office to focus on customer development and marketing, and places the responsibility for service and administration on Newport Group, which has great expertise in these areas,” said Todd Principal Scott Holton.
Holton went on to note that there will be no changes to the plans acquired by Newport Group, and that service continuity will be ensured. The same Todd employees who have serviced these plans in the past will continue to do so as employees of Newport Group, and these clients will continue to communicate and work directly with their current client relationship managers.
“Todd and Newport Group have a longstanding successful business relationship, and in fact this month marks the ninth anniversary of our joint marketing partnership,” said Newport Senior Vice President, Non Qualified Plans Jeff Wirth. “This continued integration of our administration and servicing capabilities is further evidence of the strength of our partnership and its benefits to our clients and their plan participants.”
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.

About The Todd Organization
Founded in 1957, Todd is recognized as a nationwide leader in non-qualified retirement plans and other executive benefit plans. With hundreds of plans implemented, Todd serves executives and companies from all major industries, providing benefit financing options, benefit security solutions and service. Todd’s mission is to help companies retain and attract executives who enhance shareholder value.

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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.