Newport Investment Management, LLC
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Overview
Newport Investment Management, LLC operates as an advisory firm headquartered in Chicago, Illinois. The company manages $491.6 million in assets under management across seven client accounts, making it one of the bigger firms in the country by assets under management (AUM). It has a small team, including 15 financial advisors. Newport Investment Management, LLC is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as tradable financial investments like bonds, stocks and options.
Newport Investment Management, LLC administers more than half of the company's accounts on a discretionary basis. Discretionary management is a structure in which buy and sell judgments for the client's account are made by an investment advisor without requiring the customer's authorization. It also manages three non-discretionary accounts with a total of $70.9 million in assets. The advisory firm oversees about $70.2 million in assets for each account. An average financial advisor at Newport Investment Management, LLC oversees fewer than one client account, making it one of the most individualized firms in the country.
Newport Investment Management, LLC's main office is located at 353 N. Clark Street, Chicago, Illinois 60654. The company is legally allowed to provide services to customers throughout 18 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Newport Investment Management, LLC by the Numbers
$491.6 million
15
7
$70.2 million
Fee Structure
Fees charged by financial advisors typically depend on which service is offered. Fees charged by Newport Investment Management, LLC can consist of any blend of the following fee structures: asset-based or performance-based. The firm does not provide a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It provides services to pooled investment vehicles. Out of its seven customers, Newport Investment Management, LLC's largest client type by number of accounts is pooled investment vehicles. None of the firm's customers 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 Investment Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Newport Investment Management, LLC
Chicago, IL
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