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Adviser Profile

As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 19 11.76%
of those in investment advisory functions 8 14.29%
Registration SEC, Approved, 09/18/2007
AUM* 326,798,857 30.59%
of that, discretionary 319,874,657 29.99%
Private Fund GAV* 2,302,789 -36.69%
Avg Account Size 1,104,050 27.06%
% High Net Worth 49.14% -4.31%
SMA’s Yes
Private Funds 1
Contact Info 732 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Pension consulting services
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
10B 8B 7B 6B 4B 3B 1B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count1 GAV$2,302,789

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Brochure Summary

Overview

Newport Capital Group, LLC (“Newport Capital Group”, the “Firm” or “we”) is an independent, full- service investment advisory firm that provides investment advisory services to a wide range of clients, including individuals, high net worth individuals, pensions and other institutional investors. Domenic DiPiero is the of the Firm, which was formed in New Jersey in May 2004 and became registered as an investment adviser in January 2008. Newport Capital Group offers a variety of services that are tailored to each client. Asset Management - Individuals When Newport Capital Group is engaged to provide asset management services, it tailors its advisory services to the individual needs of the client. Specifically, Newport Capital Group reviews each client’s investment objectives, determines asset allocation guidelines, and then monitors each client’s accounts for the purpose of ensuring each is behaving as intended. Clients may at any time place reasonable restrictions on the types of investments the Firm places in the client’s portfolio, or on the allocations to each security type. Asset management services are generally provided on a discretionary basis. Clients engaging the Firm on a discretionary basis will be asked to grant the Firm the discretionary authority over the client accounts and execute an Investment Management Agreement that outlines the responsibilities of both the client and Newport Capital Group. If any changes are needed to a client’s portfolio, Newport Capital Group makes the recommended changes, which may involve selling a security or group of investments and buying others or keeping the proceeds in cash. In limited circumstances, Newport Capital Group allows individual clients to engage the Firm on a non-discretionary basis. For non-discretionary clients, the portfolio is monitored as it is for discretionary clients but changes in the portfolio are not made until they are approved by the client. Clients that engage Newport Capital Group on a non-discretionary basis are advised that Newport Capital Group cannot effect any account transactions without obtaining prior verbal consent to any such transactions from the client. Thus, in the event of a market correction during which the client is unavailable, Newport Capital Group will be unable to effect any account transactions (as it would for its discretionary clients) without first obtaining the client’s verbal consent. Newport Capital Group, as part of an overall client asset allocation strategy, recommends on a non- discretionary basis that certain clients consider investing a portion of their assets with independent third- party managers and in unaffiliated private funds. With respect to independent third-party managers, the client will be required to enter into a separate agreement with each independent manager that defines the terms in which the independent manager will provide services. With respect to private funds, clients typically complete subscription documents to purchase an interest in the private fund. In the past, Newport Capital Group recommended an affiliated private fund to certain clients, but this fund is closed to new investors and, except for making certain follow-on investments, is in the process of winding down. Asset Management – Institutions Newport Capital Group provides asset management services to institutional investors on either a discretionary or non-discretionary basis. Newport Capital Group understands that institutional investors have diverse missions which require unique approaches to investing. Newport Capital Group can assist in determining an institutional investor’s investment objectives, review assets and liabilities, create an appropriate investment policy statement and design an investment structure to follow. Once the assets are invested, Newport Capital Group makes investment recommendations to meet the objectives in accordance with the investment policy statement, and in doing so provides the institutional client with reporting and analysis to help the client, and the individuals responsible for directing it, meet the objectives. Clients may at any time place reasonable restrictions on the types of investments the Firm places in the client’s portfolio. Pension Consulting Newport Capital Group provides a broad range of discretionary and nondiscretionary services to employers sponsoring self-directed retirement plans, defined contribution plans, defined benefit plans, non-qualified plans or deferred compensation plans. While each engagement is specific to the client, and the services to be provided are designated by the plan sponsors or fiduciaries, Newport Capital Group remains ready to assist such clients with a variety of services. For example, Newport Capital Group works with these highly specific clients to create investment policy statements, which direct the investments in the plan, as well as education policy statements, which direct the methods by which plan participants are informed of the options available to them. In addition, Newport Capital Group assists plan sponsors and fiduciaries in meeting the requirements of such fiduciaries, which may include assistance with regulatory filings and education on fiduciary obligations. Newport Capital Group will also select and monitor the investment alternatives (generally open-end mutual funds) from which plan participants shall choose in self-directing the investments for their individual plan retirement accounts. In addition, the Firm will consult with management regarding plan structure, assist with employee education and communication, periodically review costs and fees and, upon request, provide services to individual employees, acting as an agent of the employer. In some circumstances, a client may request other consulting services related to the administration or management of the plan, such as a review
of regulatory filings, an analysis of employee benefit plans in the case of mergers or acquisitions, or the valuation of benefit plans for employment contract cases. Financial Planning and Consulting Financial planning is the analysis of current financial circumstances and stated goals in order to create a plan for achieving those goals. Newport Capital Group provides financial planning services to certain asset management clients as part of their agreement with the Firm to provide such services. Other clients may engage Newport Capital Group to provide financial planning services on a stand-alone basis. In most cases, the client will supply Newport Capital Group with information including income, investments, savings, insurance, age and many other items that are helpful to the Firm in assessing the client’s financial goals. The information is typically provided during personal interviews and supplemented with written information. Once the information is received, one of Newport Capital Group’s licensed professionals will discuss with the client the financial needs and goals of the client and compare the client’s current financial situation with the client’s stated goals. Once these are compared, Newport Capital Group will create a financial plan to help meet the client’s goals. The plan is intended to be a suggested blueprint to assist in meeting a client’s objectives, which means that not every plan will be the same for every client. Because the plan is based on information supplied by the client, it is very important that all clients accurately and completely communicate with the Firm. It is also very important that clients continually update the Firm of any changes in circumstances, as such changes may necessitate the alteration of the financial plan. While multi-year projections and summaries may be appropriate in some cases, financial planning services are generally project-oriented, generated upon client request and therefore not continuous. For clients who engage Newport Capital Group solely for financial planning, agreements for financial planning services terminate upon the presentation of the financial plan and, therefore, any updates can be provided for a fee upon request. Once clients have a financial plan, the client may or may not elect to implement the plan. If a client decides to implement the financial plan through Newport Capital Group, it is anticipated that the Firm will work closely with the client’s accountants, attorney, insurance agent or other professionals. Newport Capital Group will not communicate with any other professionals without the client’s permission and, when in receipt of client information from one of these professionals, will not be responsible for independently verifying such information. Clients are reminded that Newport Capital Group is not a legal or accounting firm and no part of any financial plan should be construed as legal, accounting or tax advice. In instances where a full plan is not desired or necessary (or has been completed in the past), clients may engage Newport Capital Group on a consulting basis to provide advice on a variety of business and financial topics, including estate planning, retirement planning or employer 401(k) plans. Clients receiving consulting services outside the scope of financial planning or asset management services are reminded that a full financial plan after full disclosure of pertinent facts is best, as limited facts out of context may produce a less desirable result. As part of its financial planning or consulting services, Newport Capital Group may be requested by a client to recommend the services of other professionals for certain non-investment implementation purposes (e.g., attorneys, accountants, and insurance agents), including professionals affiliated with Newport Capital Group who are also licensed insurance agents, as discussed in Item 5 of the Brochure. The client is under no obligation to engage the services of any such recommended professional. The client retains absolute discretion over all such implementation decisions and is free to accept or reject any recommendation from Newport Capital Group. If the client engages any such recommended professional, and a dispute arises thereafter relative to such engagement, the client agrees to seek recourse exclusively from and against the engaged professional. Newport Holdings, L.P. Newport Capital Group, as part of an overall client asset allocation strategy, recommended on a non- discretionary basis that qualified clients invest a portion of their assets in Newport Holdings, L.P. (“Newport Holdings” or the “Fund”), an affiliated private fund. Newport Holdings LLC, the General Partner of Newport Holdings, is under common ownership with Newport Capital Group. The investment program of Newport Holdings involves the identification and acquisition of privately held investments, which may include small companies or real estate. The terms and conditions for participation in Newport Holdings (which includes disclosures of fees, including fees payable to the General Partner, conflicts of interest, suitability requirements, risk factors, and liquidity constraints) are set forth in the Fund’s offering documents, which were provided each prospective investor. Newport Holdings is currently closed to new investors and, except for making certain follow-on investments, is in the process of winding down. Assets Under Management As of December 31, 2023, Newport Capital Group had a total of $319,874,657 in discretionary assets under management and $6,924,200 in non-discretionary assets under management. As of December 31, 2023, Newport Capital Group also provided ongoing consulting services on assets owned by participant directed, defined benefit, and defined contribution retirement plans of approximately $16,194,417,665.