Newport Global Advisors L.P. is a large advisory firm based in The Woodlands. It manages $511.1 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Texas.
Newport Global Advisors provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Newport Global Advisors L.P. is $511.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 501% since the beginning of its operation, and $108.04 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Newport Global Advisors L.P. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Jonathan M Nelson is pooled investment vehicles with 3 clients and $428.5 million of assets under management. Among the 9 most similar advisory firms, Newport Global Advisors has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $428.5 million for 3 clients. None of the firm’s clients are foreign persons or businesses.
Newport Global Advisors also advises several private funds. Namely, three hedge funds and five private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $12,000,000.
The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Jonathan M Nelson has been acting as President since 1 Sep 2005. Roger A May joined the executive team most recently as the Senior Advisor.
The principal office where Newport Global Advisors L.P. performs its advisory services is located at 21 Waterway Avenue, The Woodlands, TX 77380 3098, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 713-559-7400 or by fax 713-559-7499. The normal business hours are 8:30 am to 5:00 cst on Monday - Friday. You can find more information about the New York firm at newportglobaladvisors.com.