Newport Global Advisors L.P. (The Woodlands)

Name: Newport Global Advisors L.P.
Address: 21 Waterway Avenue, The Woodlands, TX, 77380 3098
Telephone: 713-559-7400

Newport Global Advisors L.P. is a large advisory firm based in The Woodlands. It manages $511.1 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Texas.

Newport Global Advisors provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Newport Global Advisors: assets under management

The assets under management (AUM) of Newport Global Advisors L.P. is $511.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 501% since the beginning of its operation, and $108.04 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $511.1 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $127.78 million each.

Newport Global Advisors has custody of $511.1 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 40% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 26% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 25% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Newport Global Advisors L.P. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jonathan M Nelson serves?

The only and largest group of clients of Jonathan M Nelson is pooled investment vehicles with 3 clients and $428.5 million of assets under management. Among the 9 most similar advisory firms, Newport Global Advisors has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $428.5 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Newport Global Advisors also advises several private funds. Namely, three hedge funds and five private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $12,000,000.

Careers at Newport Global Advisors L.P.

The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jonathan M Nelson has been acting as President since 1 Sep 2005. Roger A May joined the executive team most recently as the Senior Advisor.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Newport Global Advisors Llc	General partner	1 Sep 2005	50% - 75%	20-3607864
Ryan L Langdon	Shareholder, director	1 Sep 2005	Other	3250585
Newport Global Funding Lp	Shareholder	1 Sep 2005	25% - 50%	20-3456273
Timothy T Janszen	Shareholder, director, chief executive officer	1 Sep 2005	Other	5088934
Thomas Robert Reeg	Shareholder, director	1 Sep 2005	Other	2382693
Roger A May	Shareholder, chief operations officer	1 Sep 2005	Other	5088935
Jonathan M Nelson	Director	1 Sep 2005	Other	5088937
Glenn M Creamer	Director	1 Sep 2005	Other	5088938
Paul Jude Salem	Director	1 Sep 2005	Other	2071043
Raymond A Mathieu	Chief financial officer	1 Dec 2005	Other	5088936
Fred Jay Franklin	Chief compliance officer	1 Jan 2006	Other	1065104
Timothy T Janszen	Director, chief executive officer	1 Sep 2006	Other	5088934
Ryan L Langdon	Director, sr. managing director	1 Sep 2006	Other	3250585
Roger A May	Chief financial officer, chief operations officer, sr. managing director	1 Sep 2006	Other	5088935
Newport Global Advisors Feeder Llc	Limited partner	1 Sep 2006	50% - 75%	20-5632681
Thomas Robert Reeg	Director, sr. managing director	1 Sep 2006	Other	2382693
Roger A May	Chief compliance officer	1 Jan 2011	Other	5088935
Roger A May	Senior advisor	1 Jan 2017	Other	5088935
Anthony Longi	Managing director, chief operating officer, chief compliance officer	1 Jan 2017	Other	2181840

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan M Nelson	Shareholder	1 Dec 2005	25% - 50%	5088937
Glenn M Creamer	Shareholder	1 Dec 2005	25% - 50%	5088938
Paul Jude Salem	Shareholder	1 Dec 2005	25% - 50%	2071043
Newport Global Funding Lp	Shareholder	1 Dec 2005	50% - 75%	20-3456273
Jonathan M Nelson	Shareholder	1 Sep 2006	25% - 50%	5088937
Glenn M Creamer	Shareholder	1 Sep 2006	25% - 50%	5088938
Paul Jude Salem	Shareholder	1 Sep 2006	25% - 50%	2071043
Newport Global Funding (Advisors) Inc.	Member	1 Sep 2006	50% - 75%	20-5233432
Newort Global Funding (Advisors) Inc.	Member	1 Sep 2006	50% - 75%	20-5233432
Timothy T Janszen	President, ceo, manager	1 Sep 2010	25% - 50%	5088934
Ryan L Langdon	Sr. managing director, manager	1 Sep 2010	25% - 50%	3250585
Thomas Robert Reeg	Senior managing director, manager	1 Sep 2010	25% - 50%	2382693

Based in The Woodlands

The principal office where Newport Global Advisors L.P. performs its advisory services is located at 21 Waterway Avenue, The Woodlands, TX 77380 3098, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-559-7400 or by fax 713-559-7499. The normal business hours are 8:30 am to 5:00 cst on Monday - Friday. You can find more information about the New York firm at newportglobaladvisors.com.