Newport Capital Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 26–50 clients last fiscal year. The firm advises 1 private fund.
Newport Capital Group reports 252 clients. They include 111 pension and profit-sharing plans, 74 high-net-worth individuals, and 66 individual clients. Of its assets, 31.3% ($401M across 406 accounts) are managed with discretion; $880M across 8 accounts are not. It advised 104 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 26% | 1% |
| High-net-worth individuals | 29% | 29% |
| Pooled investment vehicles | <1% | <1% |
| Pension and profit-sharing plans | 44% | 68% |
| Charitable organizations | Fewer than 5 | <1% |
| Other client typesCorporations and other businesses | Not reported | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 66 | $18.1M | 1.4% | $274K |
| High-net-worth individuals | 74 | $369M | 28.8% | $4.99M |
| Pooled investment vehicles | 1 | $1.76M | 0.1% | $1.76M |
| Pension and profit-sharing plans | 111 | $877M | 68.5% | $7.9M |
| Charitable organizations | Fewer than 5 | $5.83M | 0.5% | — |
| Corporations and other businesses | Fewer than 5 | $8.44M | 0.7% | — |
| Total | 252 | $1.28B | 100% | — |
- Clients
- 66
- Regulatory AUM
- $18.1M
- AUM share
- 1.4%
- Avg. per client
- $274K
- Clients
- 74
- Regulatory AUM
- $369M
- AUM share
- 28.8%
- Avg. per client
- $4.99M
- Clients
- 1
- Regulatory AUM
- $1.76M
- AUM share
- 0.1%
- Avg. per client
- $1.76M
- Clients
- 111
- Regulatory AUM
- $877M
- AUM share
- 68.5%
- Avg. per client
- $7.9M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.83M
- AUM share
- 0.5%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $8.44M
- AUM share
- 0.7%
- Avg. per client
- —
Total
- Clients
- 252
- Regulatory AUM
- $1.28B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 104
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 26–50
Newport Capital Group is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Domenic M. Dipiero Family Trust F/B/O Domenic M. Dipiero III owns 75% or more of Newport Capital Group. The leadership team of Newport Capital Group includes President Michelle Bennett. It has 18 employees, 7 of them in advisory roles.
Leadership
- Michelle BennettChief Compliance Officer/ Executive Vice President
- Domenic DipieroPresident
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
- Nicholas Gaetano Bellia
- Michelle Denise Bennett
- Jocelyn Degroote
- Domenic Matthew Dipiero
- Armand Iacobellis
- David Neil Kozodoy
- Joseph Mansour Kyrillos JR.
- Robert James Milmore
- Joanne Shizue Spears
- John D Wibbelsman
Staff
- 18 employees
- 7 in advisory functions
- 9 state-registered reps
- 6 broker-dealer reps
- 2 insurance agents
- 1 soliciting firm
- Owns 75% or more of Newport Capital Group, LLC
Domenic M. Dipiero Family Trust F/B/O Domenic M. Dipiero III
Control person · since February 2015
David Dipiero
Trustee of Domenic M Dipiero Family Trust F/B/O Domenic M. Dipiero · since October 2016
Newport Capital Group’s regulatory assets grew 5.1× from $252M (March 2021) to $1.28B (March 2026); clients rose from 103 to 252 and employees fell from 20 to 18.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.28B | 252 | 18 | 1 |
| March 2025 | $1.22B | 231 | 17 | 1 |
| March 2024 | $327M | 107 | 19 | 1 |
| March 2023 | $250M | 111 | 17 | 1 |
| March 2022 | $274M | 109 | 20 | 1 |
| March 2021 | $252M | 103 | 20 | 1 |
Besides its headquarters, Newport Capital Group has 0 offices, with 1 listed address in New Jersey.
New Jersey · 1 listed address
- 12 Broad Street, 5th Floor, Red BankHQ
Contact and registration details
- Legal name
- Newport Capital Group, LLC
- Headquarters
- 12 Broad Street, 5th Floor, Red Bank, NJ 07701
- Website
- newportcapitalgroup.com
- Phone
- 732-741-8400
- @newport-capital-group-usa
- SEC file
- 801-68323
- Structure
- New Jersey LLC
- Fiscal year end
- December
Newport Capital Group uses Northern Trust Investments ($783M, 66%) and Charles Schwab ($411M, 34%) as custodians for its separately managed accounts. Newport Capital Group has custody of $186M in client assets for 18 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $411M34%
- Northern Trust InvestmentsNorthern Trust Investments, Inc. · Chicago, IL · $783M66%
At year end, Newport Capital Group’s separately managed accounts were mostly in funds (92%).
What the accounts hold
- Stocks4%
- Funds92%
- Registered funds67%
- Pooled vehicles25%
- Bonds2%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash2%
How many clients does Newport Capital Group have?
Newport Capital Group has 252 clients and manages $1.28 billion for them, as of March 2026. They include 111 pension and profit-sharing plans, 74 high-net-worth individuals, and 66 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026
What services does Newport Capital Group offer?
Newport Capital Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Newport Capital Group use?
Newport Capital Group’s separately managed account assets are held at Northern Trust Investments, Inc. (Chicago, IL), with $783M and Charles Schwab & Co., Inc. (Westlake, TX), with $411M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026
How many financial advisors does Newport Capital Group have?
Newport Capital Group has 9 investment adviser representatives registered with state securities authorities, out of 18 employees, and 7 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Newport Capital Group invest in?
At the end of its last fiscal year, Newport Capital Group’s separately managed accounts held 67% registered funds (mutual funds, ETFs, BDCs), 25% pooled vehicles (private funds and similar), 4% exchange-traded equities, 2% cash and equivalents, 1% state and local bonds and 1% investment grade corporate bonds. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Newport Capital Group?
Newport Capital Group’s direct owner is Domenic M. Dipiero Family Trust F/B/O Domenic M. Dipiero III (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026
How does Newport Capital Group get paid?
Newport Capital Group is paid through a percentage of assets under management, hourly charges, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Newport Capital Group?
Newport Capital Group’s main office is at 12 Broad Street, 5th Floor, Red Bank, NJ 07701. Its phone number is 732-741-8400. Its website is newportcapitalgroup.com.