Newport Global Advisors L.P
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Overview
Newport Global Advisors L.P operates as a financial advisory company located in Spring, Texas. The company oversees $472.6 million in assets throughout six customer accounts, placing it among the bigger investment advisory firms in the United States by assets under management (AUM). Newport Global Advisors L.P has a small team, including 6 financial advisors. Newport Global Advisors L.P does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments like bonds, options and equities.
Newport Global Advisors L.P manages all of its accounts in a discretionary manner. Discretionary management signifies that a portfolio manager makes buy and sell judgments without requiring client permission. The company's average account size is $78.8 million. The typical financial advisor at Newport Global Advisors L.P oversees about one client account, making it one of the most personalized financial advisor firms in the country.
Newport Global Advisors L.P's central office is located at 21 Waterway Avenue, Spring, Texas 77380-3098. The company is legally permitted to provide services to investors in the state of Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Newport Global Advisors L.P by the Numbers
$472.6 million
8
6
$78.8 million
Fee Structure
A financial advisor's fees typically depend on which services the firm provides the client. However, fees billed by the company most likely consist of some combination of the following fee types: asset-based, fixed or performance-based. The firm does not provide a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
Newport Global Advisors L.P works with pooled investment vehicles. Out of its six accounts, Newport Global Advisors L.P's biggest client is pooled investment vehicles. None of the firm's accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Newport Global Advisors L.P does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Newport Global Advisors L.P
Spring, TX
Spring, TX
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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