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. (“NGI”), an Ascensus Company, and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services.

Securities are offered through Ascensus Broker Dealer Services, LLC (“ABDS”), member FINRA/SIPC. Securities in California are offered under the d/b/a Ascensus Corporate Insurance Solutions. Other insurance products may be offered by NGI. For more information, please visit - www.ascensus.com

Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, an SEC registered investment adviser and subsidiary of NGI. For more information about Newport Group Consulting and its services, please visit newportgroup.com or refer to our Form ADV Part 2, which is available by contacting us at 407-333-2905 or adviserinfo.sec.gov.

Newport Trust Company is a New Hampshire state-chartered trust company and wholly owned subsidiary of NGI. Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.

The views expressed herein are those of NGI and are current only through the date indicated. These views are subject to change at any time based upon market or other conditions, and NGI disclaims any responsibility to revise these materials to reflect updated views. These views may not be relied upon as investment advice and, because investment decisions for NGI are based on many factors, may not be relied upon as an indication of trading intent.