Newport Group Consulting, LLC is a large advisory firm based in Lake Mary. It manages $2.72 billion of regulatory assets for 113 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, California, Florida, and 13 other states.
Newport Group Consulting provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and investment performance analytics for retirement plans, foundations and endowments. managed acct svce for plan participants. 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 Group Consulting, LLC is $2.72 billion. The firm's AUM has grown by 175% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Newport Group Consulting, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The only and largest group of clients of Newport Group Consulting is pension and profit sharing plans with 98 clients and $2.7 billion of assets under management. Among the 8 most similar advisory firms, Newport Group Consulting has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $2.7 billion for 98 clients. None of the firm’s clients are foreign persons or businesses.
Newport Group Consulting doesn't advise any private funds.
The company employs 32 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 21 employees are registered as investment adviser representatives with the state securities authorities.
There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Newport Group Consulting, LLC performs its advisory services is located at 300 Primera Blvd., Lake Mary, FL 32746, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 407-333-2905 or by fax 407-333-2815. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at newportgroup.com and its LinkedIn profile.