Company News

Clay Kennedy Joins Newport as Regional Director

Apr 24, 2020

Newport, a leading provider of retirement plan services, is pleased to announce that Clay Kennedy has joined the organization as a Regional Director.
 
In this role, Mr. Kennedy will be responsible for developing business relationships, identifying market opportunities, and promoting the company’s non-qualified retirement plan offerings (deferred compensation, etc.). He will also provide expertise and guidance for corporate-owned life insurance (COLI), bank-owned life insurance (BOLI), insurance-company owned life insurance (iCOLI), rabbi trusts, and company stock programs.
 
Mr. Kennedy is based in our Dallas office, and his territory includes the states of Arkansas, Colorado, Kansas, Louisiana, Missouri, Montana, New Mexico, Oklahoma, Texas, and Wyoming.
 
“Throughout his 22-year career in sales and management, Clay has established strong relationships with financial advisors and intermediaries,” said Kurt Laning, Newport’s Executive Vice President. “I’m confident that his expertise will increase value for Newport and our clients alike.”
 
Mr. Kennedy has extensive knowledge in non-qualified plan strategy, including design, consultation, implementation, and enrollment. Prior to joining Newport, he was the regional vice president of non-qualified compensation plans for Principal Financial Group. In that role, he was responsible for the execution of marketing and sales strategy in the design, sale, and implementation of non-qualified deferred compensation plans. He also served as senior vice president of business development at ReMark International, where he focused on building new business relationships with insurance and financial services companies.
 
Mr. Kennedy earned his bachelor’s degree in psychology from Texas Tech University.

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Newport Group, Inc. and its affiliates provide recordkeeping, plan administration, trust and custody, consulting, fiduciary consulting, insurance and brokerage services.
Investment Advisory and fiduciary consulting services are offered through Newport Group Consulting, LLC, a registered investment adviser and wholly owned subsidiary of Newport Group, Inc.
Securities are offered through Newport Group Securities, Inc., a dually registered investment advisor and broker dealer, member FINRA and affiliate of Newport Group, Inc. Securities in California are offered under the Newport Securities Insurance Services. See BrokerCheck for more information. Other insurance products may be offered by Newport Group, Inc.
For more information about Newport Group Consulting and its services, please refer to our Form ADV Part 2A.
Newport Trust Company, is a New Hampshire state chartered trust company and wholly owned subsidiary of Newport Group, Inc. Newport Trust Company provides independent fiduciary and trustee services for employee benefit plans.