Newport Group Consulting, LLC

Registered investment adviser · Lake Mary, FL · CRD #140944

Form ADV data as of 2026-09-01

Regulatory assets

$5.05 billion

Total accounts

3,768

Employees

Disclosure events

Firm details

Website: https://www.ascensus.com
Telephone: 407-333-2905
SEC file number: 801-66908
Most recent Form ADV filing: 2026-08-17
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$5.05 billion
Non-discretionary regulatory assets under management	$0
Total regulatory assets under management	$5.05 billion
Discretionary accounts	3,768
Non-discretionary accounts	0
Total accounts	3,768
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	31
Employees performing investment advisory functions (including research)	14
Employees who are registered representatives of a broker-dealer	22
Employees registered as investment adviser representatives with a state	21
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	5
Firms or persons who solicit advisory clients on the firm's behalf	5

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$3.64 billion
Clients for whom a related person has custody	3,923
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	Yes
Number of persons acting as qualified custodians for the firm's clients	30

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Other

Advisory services offered

Portfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Educational seminars/workshopsOther

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Registered municipal advisorTrust companyInsurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients

Client types

Type of client	Clients	Assets
Pension and profit sharing plans (not the participants or government plans)	3,761	$5.05 billion