Key Takeaways
- • Newport Capital Group was ranked 50th among the Largest Investment Consultants in 2022 by Pensions & Investments, based on worldwide assets under advisement.
- • Newport Capital Group and founder Domenic DiPiero were named to the 2023 PLANADVISER Top Retirement Plan Advisers list for the 12th consecutive year, with recognition for 401(k), 403(b) and 457 plan focus.
- • Newport Capital Group was named to NAPA's 2022 Nation's Top DC Advisor Teams list, its sixth consecutive listing since the list debuted in 2017.
- • The firms cite quantitative, self-reported criteria for these rankings, which the publications state are not guarantees of future performance.
Summary
Red Bank-based Newport Capital Group, an independently owned SEC-registered investment adviser providing consulting to institutions and families across the United States, announced it ranked 50th on Pensions & Investments' 2022 Largest Investment Consultants list. According to the firm's announcement, the ranking was determined by worldwide assets under advisement. P&I's survey was distributed to approximately 200 firms and drew 66 valid responses, and consultants must report total and institutional assets under advisement to be included.
Newport Capital Group and Domenic DiPiero were also named to the PLANADVISER Top Retirement Plan Advisers list for the 12th year. The recognition is based solely on self-reported quantitative data, with advisers required to have at least 50 plan clients or $400 million or more in retirement plan assets under advisement as of year-end 2022. In addition to its 401(k) focus, Newport was highlighted for its 403(b), 457 plan work, and its qualification was based on total plans and total plan assets under advisement.
Newport Capital Group was also named to the National Association of Plan Advisors' 2022 Nation's Top DC Advisor Teams list. That list covers single-location advisor teams ranked by defined contribution assets under advisement; 362 firms were included, based on self-reported assets as of December 31, 2022. Newport has appeared on the list in each of its six editions since 2017.
The firm noted that these rankings are not guarantees of future client results and do not constitute client endorsements. The article originally appeared in the May 11-17, 2023 print edition of the Two River Times.
Newport Capital Group and Domenic DiPiero were also named to the PLANADVISER Top Retirement Plan Advisers list for the 12th year. The recognition is based solely on self-reported quantitative data, with advisers required to have at least 50 plan clients or $400 million or more in retirement plan assets under advisement as of year-end 2022. In addition to its 401(k) focus, Newport was highlighted for its 403(b), 457 plan work, and its qualification was based on total plans and total plan assets under advisement.
Newport Capital Group was also named to the National Association of Plan Advisors' 2022 Nation's Top DC Advisor Teams list. That list covers single-location advisor teams ranked by defined contribution assets under advisement; 362 firms were included, based on self-reported assets as of December 31, 2022. Newport has appeared on the list in each of its six editions since 2017.
The firm noted that these rankings are not guarantees of future client results and do not constitute client endorsements. The article originally appeared in the May 11-17, 2023 print edition of the Two River Times.
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