Newport Opens New Service Center as its Executive Benefits Business Grows

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ORLANDO, Fla.--(BUSINESS WIRE)-- The Newport Group, a leading provider of retirement and executive benefit plans, announced today that it has opened a major new client service center in Dallas due to the rapid growth of its deferred compensation and executive benefits business lines.

“Recent consolidations of service providers in the executive benefits marketplace have solidified Newport’s position as the premier provider of these types of plans,” said Newport Chief Executive Officer Peter S. Cahall. “With the size and strength of our existing operations, we are well-positioned to expand our executive benefits business and further increase our presence in the Western half of the United States.”

Cahall noted that the firm’s Dallas operations will offer consulting, financial services, client relationship management, and plan administration to sponsors of executive benefit plans — services which will complement those provided by the firms’ other executive benefits service centers in Orlando, FL and Richmond, VA. Cahall said Newport expects to have the service center fully staffed by the close of the second quarter of this year.

“Dallas is home to a great many experienced and capable executive benefit professionals,” Cahall said. “I am pleased that a significant number have already joined our firm, and we are continuing to add additional high-quality staff members to our Dallas team.” Because Newport’s service staff has repeatedly won awards for industry knowledge, responsiveness, and consistency, Cahall noted that the firm’s standards are extremely high.

Newport’s new Dallas operations are located on the 41^st floor of the Comerica Bank Tower, at 1717 Main Street in Dallas, Texas. Designed by world-renowned architects Philip Johnson and John Burgee, the tower is a Dallas landmark and also serves as the hub of the city’s underground walkway system.

About The Newport Group

Founded in 1984, The Newport Group is a leading retirement services and asset management firm — specializing in the creative design, funding, and administration of qualified and non-qualified retirement plans as well as co-fiduciary investment consulting services. Through its innovative and customized solutions, Newport is uniquely positioned to satisfy the distinct financial needs of employers and employees, and has done so for hundreds of the country’s largest and best-known companies.

Newport is headquartered in Heathrow (Orlando) FL, with service centers in Charlotte NC, Dallas TX, Greensboro NC, La Crosse WI, Richmond VA, St. Louis, and St. Petersburg FL. Newport also has offices in Atlanta, Boston, Cincinnati, Denver, Los Angeles, New York NY, and San Francisco. For more information, visit www.newportgroup.com.