About Newport
Newport is a Financial Services company based in Walnut Creek (United States) founded in 1985, and was acquired by Kelso & Company in June 2018. Newport is engaged in providing retirement and insurance solutions. It operates on a Professional Services and Brokerage / Intermediation model. Newport has raised $3.25 million across 5 funding rounds from investors including European Union, Stone Point Capital and Kelso & Company. Its chief executive, as recorded, is Greg Tschider. Its website newportgroup.com draws about 245 thousand monthly visits. Newport offers products and services including Nonqualified Deferred Compensation (NQDC), Bank-Owned Life Insurance (BOLI), Corporate-Owned Life Insurance (COLI), Compensation Consulting, and Investment and Fiduciary Consulting. Its focus areas include Financials, Insurance, Life Insurance and Asset Management. Its legal entity is Newport Group, Inc.
Company details
Newport, a part of Ascensus, is focused on delivering comprehensive retirement and insurance solutions. Services are provided in areas such as nonqualified deferred compensation, corporate-owned life insurance, and fiduciary consulting. Support is extended to employers, advisors, and participants through tailored programs. The company operates within the financial sector, addressing needs in executive benefits and institutional insurance. Solutions are designed to assist with talent retention, cost offsetting, and regulatory compliance. Expertise is offered to banks, credit unions, and other financial institutions. Digital tools and insights are also made available to enhance client experience.
- Headquarters Walnut Creek, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website newportgroup.com
- Social LinkedIn X Facebook YouTube
- Acquired by Kelso & Company (Jun 2018)
- Legal Name Newport Group, Inc.
- Total Equity Funding$3.25M (USD)
in 5 rounds
- Latest Funding Round$97.1K (USD), Grant
Sep 2022
- InvestorsEuropean Union
& 2 more
- Acquired byKelso & Company
(Jun 2018)
Products & Services of Newport
Newport offers a comprehensive portfolio of products and services, including Nonqualified Deferred Compensation (NQDC), Bank-Owned Life Insurance (BOLI), Corporate-Owned Life Insurance (COLI), Compensation Consulting, and Investment and Fiduciary Consulting.
Tool for attracting and retaining executive talent effectively.
Tax-efficient method to offset employee benefit costs strategically.
Program to offset costs of nonqualified benefit plans.
Service to align compensation with organizational goals effectively.
Support for managing defined contribution and benefit plans.
Apps and channels of Newport
Newport publishes 2 mobile apps with over 50K+ downloads; its YouTube channel Ascensus has 504 subscribers.
Funding Insights of Newport
Newport has successfully raised a total of $3.25M across 5 strategic funding rounds. The most recent funding activity was a Grant round of $97.1 thousand completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.25M
- Total Rounds 5
- Last Round Grant — $97,098
- First Round $3.25M
(Oct 2009)
- Investors Count 2
All 5 funding rounds of Newport with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | $97,098 | Grant | – | – | |
| Jan 2022 | $69,810 | Grant | – | – | |
| Sep 2018 | $270M | Debt – Conventional | – | – | – |
| Aug 2013 | Private Equity Round | – | – | ||
| Oct 2009 | $3.25M | Series A | – | – | – |
3 investors in total: 3 institutional.
Investors in Newport
Newport has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Stone Point Capital and Kelso & Company.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm investing in global financial services sectors. | stonepoint.com | |||
Private equity investments are directed toward multiple sectors. | kelso.com | New York, United States | ||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for Newport
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Newport
73 people are tracked at Newport (28 in leadership, 45 in team).
| Name | Role | Group |
|---|---|---|
Greg Tschider | CEO | Leadership |
Stacy Fox Brown | Director, Participant Engagement | Leadership |
Erin Nelson | Director, Financial Services | Leadership |
Michael Lehmann | Director, Financial Services | Leadership |
Jeannine Hass | Director, Accounting Services | Leadership |
Donna Bennett | Senior Vice President, Product Management | Leadership |
Claire Eyges | Client Services Director | Leadership |
Rebecca Diceglie | Vice President, Client Services | Leadership |
Glenna Bayles | Vice President, Client Services | Leadership |
Curt Burris | Director, Client Relationship Management | Leadership |
John Cain | Vice President Client Services | Leadership |
Amy Wheeler | Director, Human Resources Business Partner | Leadership |
Demi Tupua | Senior Vice President | Leadership |
Griffin S. Jenkins | Director, Financial Planning & Analysis | Leadership |
Trey Stover | Director New Business Development And Communication | Leadership |
Thomas Walter Nielsen | Vice President, Solutions Engineering, Technology And Digital Innovation | Leadership |
Teresa Sherrard | Vice President, Tax & Accounting Services | Leadership |
Raghunadha Kotha | Head Of Information Security And Strategic Enablement | Leadership |
Kevin Patrick | Senior Vice President Operations & Participant Call Center | Leadership |
Manny Villa | Vice President Operations And Corporate Projects | Leadership |
53 more people are available in the full profile.
Complete people profiles for Newport
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Newport
4 dated milestones of Newport across 37 years, from founding to its latest funding, stage changes and deals.
- Founded Newport is founded.
- Funding First funding round of $3.2M.
- Exit Acquired by Kelso & Company.
- Funding Latest funding round, Grant, of $97K.
Web traffic of Newport
The website of Newport (newportgroup.com) receives about 245.4K visits a month.
- Monthly visits245.4K
▲ 11.8% vs previous month
Websites whose visitors overlap most with Newport. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ascensus.com | 100% | 1.4M | #29,360 | View details | |
voyaretirementplans.com | voyaretirementplans.com | 66% | #271,314 | – | |
| fiscalagents.com | 64% | 680.7K | #2,135,395 | View details | |
smithbarney.com | smithbarney.com | 60% | – | ||
metlife.com.cy | metlife.com.cy | 59% | #4,591,515 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Newport
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Newport (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Frequently Asked Questions about Newport
Newport was founded in 1985 and raised its 1st funding round 24 years after it was founded.
Newport is headquartered in Walnut Creek, United States. It is registered at Walnut Creek, California, United States.
Greg Tschider is the CEO of Newport, as recorded in our data.
Newport is a funded company, having raised a total of $3.25M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3.25M, raised on Oct 2009.
Newport, a part of Ascensus, is focused on delivering comprehensive retirement and insurance solutions. Services are provided in areas such as nonqualified deferred compensation, corporate-owned life insurance, and fiduciary consulting. Support is extended to employers, advisors, and participants through tailored programs. The company operates within the financial sector, addressing needs in executive benefits and institutional insurance. Solutions are designed to assist with talent retention, cost offsetting, and regulatory compliance. Expertise is offered to banks, credit unions, and other financial institutions. Digital tools and insights are also made available to enhance client experience.
Newport offers Nonqualified Deferred Compensation (NQDC), Bank-Owned Life Insurance (BOLI), Corporate-Owned Life Insurance (COLI), Compensation Consulting, and Investment and Fiduciary Consulting.
Newport has 3 investors. Key investors include European Union, Stone Point Capital, and Kelso & Company.
Newport operates through Newport Group, Inc..
Yes. Newport was acquired by Kelso & Company in June 2018.
Yes. Newport publishes Newport Group and 1 more app, with over 50,000 downloads.
The website of Newport receives about 245 thousand visits a month.