Addition enhances Newport’s integrated wealth team and deepens its presence in Western Canada, adding a team with over 30 years of wealth management expertise.
Toronto, Canada – May 6, 2026 – Newport Private Wealth, one of Canada's leading private wealth management firms, announced the completed acquisition of Algar Virtue & Associates Inc. (AVA), a boutique wealth management and financial planning firm based in Calgary, Alberta. The transaction strengthens Newport’s already-established presence in Western Canada, enhancing its ability to deliver a fully integrated wealth management experience.
Kevin Algar and Rob Koski have joined Newport’s Calgary office, along with their team of experienced professionals. AVA brings additional senior planning talent and intellectual capital, including a proprietary planning framework and deep client relationships, complementing Newport’s institutional quality investment management and enhancing its planning capabilities for its well-established client network of high-net-worth and ultra-high-net-worth families.
"Kevin and Rob have spent over three decades building genuine relationships with families and being the person they call when the stakes are high," said Douglas C. Brown, President & CEO of Newport Private Wealth. "Their approach reflects the same philosophy upon which Newport was built—putting the client’s complete financial picture at the centre of everything, supported by a disciplined platform and deep planning expertise. We’re proud to welcome them to the Newport family and to continue expanding our capabilities in Western Canada.”
Kevin, a proud third-generation Albertan, founded the firm and is recognized as an innovator in the financial services industry, bringing an entrepreneurial perspective and deep client focus. Rob Koski led the firm’s operations, including planning, marketing, and communications roles. AVA has a long and proven track record of providing innovative and complex solutions to an impressive roster of Canada’s wealthiest families. Together with their team, they have built long-standing relationships with clients across the country.
“Newport has built a firm that combines an entrepreneurial, client-first culture with institutional-quality investment management, a robust planning platform, and market-leading expertise required to serve increasingly complex client needs,” said Algar. “For families who have come to rely on us as their ‘Family CFO®’, this partnership allows us to deliver even greater depth, resources, and capabilities while maintaining the same trusted relationships and philosophy our clients value.”
The transaction reflects Newport’s continued investment in scaling its platform, processes, and advisory capabilities to better serve high-net-worth families across Canada.
About Algar Virtue & Associates Inc.
Algar Virtue & Associates Inc. (AVA) is a Calgary based wealth management and financial planning firm serving high-net-worth families. Founded by Kevin Algar more than 30 years ago, AVA was built on a proprietary planning framework and is recognized for disciplined advice, enduring multi-generational client relationships, and a long-standing role as a primary, trusted advisor to families navigating complex financial decisions.
About Newport Private Wealth
Newport Private Wealth is one of Canada’s leading private wealth management firms, serving high-net-worth and ultra-high-net-worth families with complex financial needs. The firm offers integrated wealth management services across Canada, including investment management, financial planning, tax and estate planning, philanthropy, and family office support, delivered through a personalized, client first approach. Newport is part of Wealthspire, an independent wealth management, retirement advisory, and business management firm serving individuals, families, endowments, and institutions across the United States, Canada, and the United Kingdom.
