Press Release

 

Micah DiSalvo to Lead
Newport Group’s Institutional Sales

 

WALNUT CREEK, CA—May 17, 2016 — Newport Group, a leading provider of retirement plans, insurance, and consulting services, announced today that Micah DiSalvo has joined the organization as Senior Vice President, Institutional Sales.
 
Mr. DiSalvo will lead the company’s qualified retirement plan sales team in the further development of business goals and strategies. He will report to CEO Greg Tschider.
 
“Newport Group has an exciting growth trajectory ahead, and we’re pleased to have Micah join us at this pivotal time in our company’s history,” Tschider said. “His expertise and success within the institutional sales marketplace will help us further our goal of becoming the nation’s premier retirement services provider.”
 
Mr. DiSalvo has 17 years of experience in the retirement services industry. Prior to joining Newport Group, he was a vice president of retirement sales and service with BMO Retirement Services, which was recently acquired by OneAmerica. In that role, he was responsible for all aspects of the company’s institutional markets, including sales, relationship management, client services, and marketing.
 
He previously served as director of institutional sales for CUNA Mutual Group, and a regional sales support specialist for U.S. Bancorp’s investments and insurance group.        
 
“With the recent launch of their new brand, Newport Group is poised for significant growth,” said DiSalvo. “I look forward to helping them expand their business and solidify their status as the retirement industry’s leading firm.”
 
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.

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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.