Newport Private Wealth

Gerald Smith

We started Newport Private Wealth, in 2001, because we saw both a need and an opportunity. We had been senior wealth management professionals at various financial institutions, serving high net worth clients and managing our own families’ investments. We grew increasingly frustrated with what we perceived to be inherent conflicts of interest within the traditional industry models, institutional bureaucracy and a mass production approach to investments and client service. In our view, there was simply no provider that was doing an optimal job of meeting all the needs a high net worth family has for independent and unbiased advice; access to top investment managers; true diversification; access to high quality private investments; and ideas and solutions that are based on a ‘wide angle’ view of wealth. So, we decided to build a firm from a client’s perspective. We started by investing our own money as Newport Private Wealth’s first clients (then known as Newport Partners). We attracted clients who shared our values and our vision. Today, we are one of Canada’s largest private independent wealth management firms. We manage approximately $2 billion of assets under management on behalf of high net worth individuals and families across the country. Yet, by design, we are not a household name. We provide a safe, confidential home for people who want greater control of their wealth and customized solutions to its challenges and opportunities.