Newport Group Securities, Inc. (Lake Mary)


Newport Group Securities, Inc. is a large advisory firm based in Lake Mary. It manages $26.17 billion of regulatory assets for 129 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, New Jersey, New York, and Texas.

Newport Group Securities 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. 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 Securities: assets under management

The assets under management (AUM) of Newport Group Securities, Inc. is $26.17 billion. The firm's AUM has grown by 1836% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.38 billion in discretionary accounts and $24.79 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $86.35 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $219.36 million.

Investments

The firm invests in investment and business development companies the most. They account for 69% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 31% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Newport Group Securities, Inc. 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.

What kind of clients Kurt James Laning serves?

The only and largest group of clients of Kurt James Laning is pension and profit sharing plans with 100 clients and $26.12 billion of assets under management. Among the 11 most similar advisory firms, Newport Group Securities has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $26.12 billion for 100 clients. None of the firm’s clients are foreign persons or businesses.

Newport Group Securities doesn't advise any private funds.

Careers at Newport Group Securities, Inc.

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 isn’t anyone 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.

Newport Group Securities, Inc. is owned by James Mark Campisi. Kurt James Laning has been acting as President since 1 Jun 2016. Lynn Marie Atkinson joined the executive team most recently as the Treasurer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Teresa Jean Sherrard Secretary/treasurer 1 Dec 1991 Other 2210293
James Mark Campisi Director/owner 1 Dec 1991 50% - 75% 857881
Peter Scott Cahall Director/owner 1 Dec 1991 50% - 75% 37990
Charles Roger Mcgrew President and registered principal 1 Sep 1998 Other 1339963
Thomas Rudolph Yeaser Vice president 1 Sep 1998 Other 1456637
Bryant Willis Kirk Chief operating officer 1 Nov 2001 Other 1049653
Mendel Allen Melzer President & chief investment officer 1 Feb 2002 Other 1306791
Kenneth Ray Goodall Director of compliance 1 Mar 2003 Other 2682569
Deborah Hough Pritchard Director of operations 1 Aug 2004 Other 4353528
Thomas Rudolph Yeaser Chief compliance officer 1 Jan 2011 Other 1456637
Hope Lynee Newsome Chief compliance officer 1 Feb 2011 Other 3267142
Hope Lynee' Newsome Chief compliance officer 1 Feb 2011 Other 3267142
Stephen J Fehr Financial operations principal 1 Oct 2012 Other 5780742
Peter Scott Cahall Chief executive officer 1 Dec 2014 Other 37990
Inc. Newport Group Holdings I Owner 1 Dec 2014 75% - 100% 46-3457383
Rebecca Lynn Ning Interim chief compliance officer 1 Mar 2015 Other 6279769
Thomas Joseph Somelofske Chief compliance officer 1 Sep 2015 Other 2149589
Sean Noel Havlin Financial operations principal & treasurer 1 Nov 2015 Other 2558651
Alexa Danielle Gellinger Interim chief compliance officer 1 Apr 2016 Other 5673675
Gigi Klara Szekely Chief compliance officer 1 May 2016 Other 2530826
Kurt James Laning Director 1 Jun 2016 Other 2570310
Michael Douglas Shannon Vice president 1 Dec 2016 Other 1314743
Kurt James Laning President & director 1 May 2017 Other 2570310
Matthew Edwin Meyer Vice president & director 1 May 2017 Other 3037038
Sean Noel Havlin Financial operations principal & treasurer 1 May 2017 Other 2558651
Teresa Jean Sherrard Vice president/ finop 1 Jul 2019 Other 2210293
Michael Douglas Shannon Vice president 1 Jul 2019 Other 1314743
Lynn Marie Atkinson Treasurer 1 Aug 2019 Other 2373751

Indirect Owners

The SEC currently registers 13 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.P. Newport Group Holdings Owner 1 Dec 2014 75% - 100% 61-1720757
L.P. Trident V Owner 1 Dec 2014 25% - 50% 98-0613069
L.P. Trident V Parallel Fund Owner 1 Dec 2014 25% - 50% 98-0658572
Llc Newport Holdings Gp I General partner 1 Dec 2014 Other 46-3473493
L.P. Trident Capital V General partner 1 Dec 2014 Other 98-0613068
L.P. Trident Capital V Pf General partner 1 Dec 2014 Other 98-1023183
Lp Newport Group Holdings Owner 1 Dec 2014 75% - 100% 61-1720757
Lp Trident V Limited partner 1 Dec 2014 25% - 50% 98-0613069
Lp Trident V Parallel Fund Limited partner 1 Dec 2014 25% - 50% 98-0658572
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
L.P. Newport Group Holdings Owner 1 Sep 2018 75% - 100% 83-0823750

Based in Lake Mary

The principal office where Newport Group Securities, Inc. performs its advisory services is located at 300 Primera Blvd., Lake Mary, FL 32746, 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 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.