Newport Group Consulting, LLC (Lake Mary)

Name: Newport Group Consulting, LLC
Address: 300 Primera Blvd., Lake Mary, FL, 32746
Telephone: 407-333-2905

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.

Newport Group Consulting: assets under management

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 firm manages $280.76 million in discretionary accounts and $2.44 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $13.37 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $26.54 million.

Investments

The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 17% of the firm’s portfolio. Investments in other assets form 1% of the total invested assets.

Fees & Commissions

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. 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.

What kind of clients Newport Group Consulting serves?

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.

Careers at Newport Group Consulting, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Newport Group	Owner	1 Mar 2016	75% - 100%	27-2037969
Gigi Klara Szekely	Chief compliance officer	1 Mar 2017	Other	2530826
Sean Noel Havlin	Treasurer	1 Mar 2017	Other	2558651
Matthew Edwin Meyer	President and director	1 May 2017	Other	3037038
Kurt James Laning	Vice president, director	1 May 2017	Other	2570310
Sean Noel Havlin	Treasurer	1 May 2017	Other	2558651
Gigi Klara Szekely	Cco & svp, ermo	1 May 2019	Other	2530826
Kurt James Laning	Manager	1 Jul 2019	Other	2570310
Lynn Marie Atkinson	Treasurer	1 Aug 2019	Other	2373751

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Newport Group Holdings I	Owner	1 Mar 2016	75% - 100%	46-3457383
Lp Trident V Parallel Fund	Limited partner	1 Mar 2016	25% - 50%	98-0658572
Lp Newport Group Holdings	Owner	1 Mar 2016	75% - 100%	61-1720757
Llc Newport Holdings Gp I	General partner	1 Mar 2016	Other	46-3473493
Lp Trident V	Limited partner	1 Mar 2016	50% - 75%	98-0613069
L.P. Newport Group Holdings	Owner	1 Sep 2018	75% - 100%	83-0823750
Llc Newport Holdings Gp I	General partner	1 Sep 2018	Other	83-0846326
Inc. Newport Group Holdings Ii	Owner	1 Sep 2018	75% - 100%	83-0800828
L.P. Kia X (Badger) Investor	Limited partner	1 Sep 2018	50% - 75%	83-0688866

Based in Lake Mary

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.