RED BANK – Newport Capital Group announced the firm has been ranked 50th of the Largest Investment Consultants in 2022 by Pensions & Investments, The International Newspaper of Money Management. The ranking was determined by worldwide assets under advisement.
Newport Capital Group and Domenic DiPiero were also named to the PLANADVISER Top Retirement Plan Advisers list for the 12th year. This prestigious designation recognizes the top retirement plan advisers in the industry based on quantitative measures. Firms were highlighted based on particular focuses and plan types. In addition to their 401(k) Plan focus, Newport Capital Group was recognized for 403(b) Plans, 457 Plans and qualified for the list by total retirement plans under advisement and also total retirement plan assets under advisement.
Newport Capital Group was named to the list of the Nation’s Top DC Advisor Teams by the National Association of Plan Advisers (NAPA) for 2022. This list focuses on individual firms, and the assets under advisement related to their defined contribution (401k) practice, specifically in a single physical location. The inaugural list was published in 2017 and Newport Capital Group has been listed in each of the six years.
About Newport Capital Group
Newport Capital Group is an independently owned and operated Registered Investment Advisor with the SEC under the Investment Advisor Act of 1940, providing customized consulting solutions to institutions and families across the United States from its headquarters in Red Bank.
About Pensions & Investments
With unmatched integrity and professionalism, Pensions & Investments consistently delivers news, research and analysis to the executives who manage the flow of funds in the institutional investment market. Since its founding in 1973, this continues to be the mission of Pensions & Investments, the international newspaper of money management.
About PLANADVISER
PLANADVISER, with its reputation for editorial integrity, objectivity, and leadership, is the trusted information and solutions resource for America’s retirement benefits decisionmakers. With its powerful array of customer-driven marketing programs, PLANADVISER offers industry providers an unparalleled ability to reach this influential audience.
About the National Association of Plan Advisors
The National Association of Plan Advisors was created by and for retirement plan advisors.
Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Newport Capital Group is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Newport Capital Group by any of its clients. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser.  NAPA Top DC Advisor Teams 2022 published March 16, 2023: Established in 2017, nominees had to be individual advisor team/offices with a defined contribution book of business, in a single physical location. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. Ranked by assets under advisement, 362 firms were included on the list, all teams are in a single physical location and based on self-reported assets as of 12/31/2022. No fee is charged to participate. 2023 Top Retirement Plan Adviser published March 30, 2023: The 2023 PLANADVISER Top Retirement Plan Advisers recognition is based solely on self-reported quantitative data about an adviser’s practice. To be included in this year’s list, advisers had to have a minimum of 50 plan clients or retirement plan assets under advisement of $400 million or more, as of year-end 2022. After meeting the minimum plan or asset count, advisers are also highlighted if they meet the following categories: have 150 or more 401(k) plan clients; have 10 or more 403(b), 457, nonqualified, DB, cash balance, SEP, SIMPLE or MEP/PEP plan clients; are female; or are younger than 40 years of age. As this recognition is based solely on quantitative figures, there is no judging or subjective measurement, and it is not indicative of any adviser’s future performance. Neither advisory firms nor their employees pay a fee in exchange for this recognition. 2022 Largest Investment Consultants Pension & Investments published November 28, 2022: P&I distributed the 2022 investment management consultant survey to approximately 200 firms and received 66 valid responses. At minimum, consultants must report total and institutional AUA to be included in the results. Neither advisors nor their firms pay a fee to apply or be listed in the Investment Consultants ranking.
The article originally appeared in the May 11 – 17, 2023 print edition of The Two River Times.
