TeamVest Merges With Newport Group

October 16, 2001( - TeamVest, a provider of defined contribution plan recordkeeping, administration, and investment management services will merge into the Newport Group, a national consulting, asset management and administration firm specializing in executive benefit plans.

The combined firms have over $3 billion in assets under management and over 500 clients, many of them public utilities and major financial institutions.

Together, the companies employ over 130 associates – attorneys, actuaries, financial analysts, benefit consultants, investment advisors, CPA’s, and plan administrators.

All operations and staff in both the Charlotte and Orlando facilities will remain intact and are poised for expansion to accommodate the expected increase in volume of client development.