Newport Securities Corporation

Newport Securities Corporation provides discretionary and non‑discretionary investment management to individual and high‑net‑worth clients through its Privately Managed Investment Portfolio (PMI) program, with client assets custodied at Charles Schwab. The firm reported approximately $80.7 million in managed assets as of December 31, 2024 and generally uses a $200,000 account guideline that may be waived by the manager.

The firm’s investment process is analyst‑driven and fundamentally oriented, tailoring portfolios to each client’s goals and tax considerations and offering three client‑selected strategies—income/preservation, blended growth, and aggressive equity. Management fees are calculated as a percentage of assets on a tiered, negotiable schedule, and the program may employ covered‑call writing or margin only with client authorization.

Noteworthy aspects include an explicit client option to require consultation before any trade—a non‑discretionary “prior consultation” election the brochure notes can delay execution and may disadvantage those clients—and the firm’s practice of not providing a single firm‑wide performance composite because portfolios are individually customized. The firm also emphasizes direct oversight by its long‑tenured portfolio manager, occasional short‑term delegation only when unavailable, and participation in Charles Schwab’s institutional program, from which it receives operational benefits that it discloses may create potential conflicts of interest.