Company News

Newport Group Appoints New Regional Directors

Sep 10, 2018

Newport Group, a leading provider of retirement plans, insurance, and consulting services, announced today the appointment of three Regional Directors to our sales team.

Greg Hodges will serve as Regional Director for our Pacific Northwest territory. Mr. Hodges is a highly-skilled financial services professional with more than 20 years of retirement sales experience. Prior to joining Newport Group, Greg was sales director for Conduent HR Services where he led defined contribution sales to Fortune 500 companies. 

David Paetz will serve as Regional Director for our Upper Midwest territory. Mr. Paetz is a retirement plan expert who has dedicated his professional life to promoting and creating successful retirement plans and outcomes for plan sponsors, advisors and plan participants. David comes to Newport Group from AXA Equitable, where he was a top producer. He has also been a recognized sales leader at Principal Financial Group and Principal Global Investors.

Raul Vargas will serve as Regional Director for our Southeast territory. Mr. Vargas has more than 18 years of experience in the financial services industry. He has deep industry expertise in all retirement plan products and services and is an expert in the multiple employees plan (MEP) arena. Before joining Newport Group, Raul was with MassMutual, where he worked in sales and participant services in the emerging market business unit for the southeastern region. 

“Greg, David and Raul are highly respected professionals in our industry with decades of combined experience in all types of retirement plans,” said Executive Vice President Michael DiCenso. “They have the capabilities to further our growth, expand our presence in key markets and strengthen relationships with our advisor partners. We are excited to have them join our team.” 

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 $100 billion in retirement assets under administration and more than $250 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 1,200 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.