Newport Selected by Commonwealth Financial Network
ORLANDO, FL, September 9, 2009 -- The Newport Group has been selected by Commonwealth Financial Network® to deliver industry-leading retirement plan strategies. Commonwealth, a national independent broker/dealer, has launched its new advisory retirement platform, Retirement Consulting Services, and has selected Newport as a recordkeeper of choice.
With the support of the firm's Retirement Consulting Services group, Commonwealth's financial advisors can offer their corporate clients highly competitive retirement plans that provide full transparency and disclosure-all within the context of a fee-based investment advisory relationship. "It's an open-architecture solution that can play a key role in a financial professional's strategy for building their practice in full compliance with regulation," said Amy Glynn, Director of Retirement Consulting Services at Commonwealth.
"Commonwealth's fee-for-service model and focused Retirement Consulting Services group aligns well with Newport's fully transparent fee model and independent and unbiased investment capabilities," added Newport's Chief Marketing Officer Tom Pittman.
In addition to servicing existing Commonwealth advisors, the firm believes this platform will increase Commonwealth's overall ability to attract new advisors. "Adding Newport to our open-architecture, full-disclosure offering enables advisors to compete in a challenging marketplace with fresh and exciting value propositions. Newport's high-end service and creative plan design expertise add a new level of depth to our platform," Glynn noted.
"Ultimately, this type of relationship comes down to culture. Newport as an institution, and its employees, have the same values as we do at Commonwealth, with a focus on high-end, indispensable service provided to advisors."
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 advisory services. Through its strategic alliances and joint ventures with other firms in the financial services arena, 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.
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