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Products April 10, 2002
TeamVest Merges With Newport Group
October 16, 2001(PLANSPONSOR.com) - TeamVest, a
provider of defined contribution plan recordkeeping,
administration, and investment management services will merge
into the Newport Group, a national consulting, asset
management and administration firm specializing in executive
benefit plans.
Reported by Camilla Klein
The combined firms have over $3 billion in assets under management and over 500 clients, many of them public utilities and major financial institutions.
Together, the companies employ over 130 associates – attorneys, actuaries, financial analysts, benefit consultants, investment advisors, CPA’s, and plan administrators.
All operations and staff in both the Charlotte and Orlando facilities will remain intact and are poised for expansion to accommodate the expected increase in volume of client development.