Newport adds to Kingston wealth management team
Locally based team brings expertise and personalised service to the Eastern Ontario market
Toronto, Canada, June 7, 2021 – Newport Private Wealth, one of Canada’s largest and fastest-growing independent wealth management firms serving high-net-worth individuals and families, recently opened for business in Kingston, Ontario. Now the company is delighted to share that it has added more bench strength to the team.
Richard Colton (CFA, CIM®), and Diana Li join Newport and will team up with Jason Trueman (CFA) – the company’s first Kingston-area hire – to bring Newport’s personalized private wealth management and client services to families based in eastern Ontario and beyond. The local Kingston team bring a wealth of experience, personalised service and wealth management expertise to the residents of Kingston. The trio are based in Kingston, living and raising their families in a community they are proud to call home.
“When we opened for business in Kingston earlier this year, it was never our intention to simply offer a satellite office experience,” says Douglas Brown, Co-founder, President & CEO of Newport Private Wealth. “We knew that offering local, trusted talent and experience on the ground in Kingston would allow deeper, highly confidential, connections and a level of contact on matters so very important to families and their wealth. Committing to Kingston meant committing to expanding our team with local expertise to best serve the diverse needs of our Eastern Ontario clients.
“Along with Jason, we couldn’t be more pleased to have Richard and Diana on board to help us do just that. With these hires, our Kingston team – with their knowledge of the local market, their strong family ties to the community, and their client-centric values – are eager to serve,” added Brown.
Richard has a strong background in financial services and pursued a CFA designation early in his career to master the complexities of wealth management. He was attracted to Newport’s focus on maintaining the highest standards and client-first ethos. Diana’s extensive client service and administrative support experience rounds out the team, and she is looking forward to getting to know Newport’s clients in the months ahead.
Newport Private Wealth was founded in 2001 by Brown, Mark Kinney and David Lloyd. “What was missing was the client’s perspective,” says Brown. “We created Newport from the ground up, adopting the best practices we knew and eliminating as many of the conflicts of interest to align the firm’s interests with clients.”
Since the company’s inception 20 years ago, Newport has attracted an extensive client base across Canada – from entrepreneurs, business owners and professionals to retirees, and some of the country’s wealthiest multi-generational families. They count on the firm to provide holistic wealth planning in addition to discretionary investment management. Newport is owned and managed by its investment professionals who invest their own capital alongside clients.
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