Newport Private Wealth opens Kelowna wealth management office
Toronto, Canada, September 1, 2016 – Newport Private Wealth, one of Canada’s largest and fastest-growing independent wealth management firms serving high-net-worth individuals and families, has opened an office in Kelowna, British Columbia. The Kelowna wealth management office is located in the Landmark 6 building at 1631 Dickson Avenue, Suite 1100 and will be the anchor for Newport’s expanding presence in western Canada.
“For the past several years, western Canada has been a strong area of growth for our firm,” explains Douglas Brown, Co-founder, President & CEO of Newport Private Wealth. “The region now represents close to a third of our business and the establishment of an office in western Canada supports our existing client families and serves as a base from which to build a more active presence.
“Kelowna was the ideal choice as Canada’s fastest growing city and a vibrant, entrepreneurial place to do business. In addition, the strong focus on establishing beneficial partnerships within the community aligns with our corporate ethos of building trusted, long-standing relationships with clients we enjoy working with.”
Heading the Kelowna wealth management office is Shauna George, who joined Newport Private Wealth as a Portfolio Manager in 2016. Ms. George is a CFA Charterholder and Certified Financial Planner practitioner with almost a decade of experience providing wealth management for high-net-worth families. Ms. George has lived in Kelowna since 2011 and is active in the community through various organizations. She is the Vice-President & Membership Chair for the CFA Society Okanagan, a member of the Kelowna Estate Planning Society, and a new member of the Kelowna Sunrise Rotary Club. “The enhanced presence of Newport Private Wealth is great news for investors in the Okanagan area who now have a preferred choice when it comes to managing their wealth,” said Ms. George.
“I had spent a year researching and meeting with top money managers throughout Canada with the goal of finding a high-quality discretionary wealth management firm that has all of the qualities I believe are important: independence, alignment with client interests, steady investment results, true expertise in alternative as well as traditional asset classes, transparent reporting and a commitment to relationships as evidenced by a low client to portfolio manager ratio. It was a long list but Newport meets all of these criteria and more. I am very excited about introducing the firm to this area.”
Douglas Brown, along with partners Mark Kinney and David Lloyd, founded Newport Private Wealth in 2001 after having sold a predecessor wealth management firm to a major bank. They needed a solution for their own wealth and felt they could do better than what the market was offering at the time. “What was missing was the client’s perspective,” says Brown. “So we created Newport based on a new ideal, adopting the best practices we knew and eliminating as many of the conflicts of interest as we could to align the firm’s interests with clients.” Since then, Newport has attracted a long list of clientele – from business owners and professionals to retirees and multi-generational families, including some of Canada’s wealthiest.
They count on the firm to provide wealth management in addition to discretionary investment management. “If you’re just managing your investments, you’re not truly managing your wealth,” offers Brown. “We help people better manage their entire balance sheet and all of the issues inherent to wealth.”
About Newport Private Wealth
Newport Private Wealth is one of Canada’s largest independent wealth management firms serving high-net-worth families. Since 2001, the firm has protected and grown wealth for clients through effective financial planning and an investment management approach that has produced dependable results with low volatility. Its methodology is based on principles and methodologies used by successful institutional and ultra-high-net-worth investors for decades. Newport invests in both alternative and traditional asset classes for greater diversification, lower risk and less reliance on stocks and bonds for income and growth. The Newport Investment Committee sets the investment strategy and asset mix and makes investment allocation decisions using independent specialist money managers with unique expertise in each asset class. Newport Private Wealth is owned and managed by its investment professionals who invest their own capital alongside clients.