Newport Private Wealth
Newport Private Wealth is a Toronto-based independent Canadian wealth management firm serving high-net-worth individuals and families across five offices with endowment-style multi-manager investing and integrated financial, tax, and estate planning.
- Company typePrivate
- Founded2001
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Newport Private Wealth does
Newport Private Wealth Inc. is a Canadian independent wealth management firm founded in 2001 in Toronto by Mark Kinney, David Lloyd, and Douglas Brown, with complementary expertise in investment management, tax and financial planning, and estate and succession planning. The firm serves high-net-worth individuals and families, business owners, and women investors across Canada from offices in Toronto, Calgary, Kelowna, Waterloo, and Kingston, delivering integrated investment management and comprehensive wealth planning that spans tax, estate, succession, retirement, and philanthropy advisory.
The firm's core platform is an endowment-style, multi-manager investment model spanning 13 asset classes including traditional equities and fixed income as well as alternatives such as private real estate, private debt, and infrastructure. This is complemented by wealth planning services and sub-brands such as Lonsdale Portfolios (a dedicated client portal offering) and the NextWave program (financial literacy education for clients' children and grandchildren). Revenue is generated through AUM-based fees under a relationship-driven, sales-led go-to-market model that combines direct advisory relationships with a co-founded referring partner network serving over 3,000 households across Canada.
Newport is currently a subsidiary of Wealthspire, LP, which was divested by Aon plc to Madison Dearborn Partners for approximately $2.7 billion, with the transaction closing on October 30, 2025. Wealthspire's broader platform oversees more than $580 billion across wealth, institutional, and retirement markets. In May 2026 Newport completed the tuck-in acquisition of Algar Virtue & Associates to deepen its Western Canada presence. The firm is privately held, headquartered in Toronto, Ontario, and operates as a regulated Canadian wealth manager with WCAG 2.0 AA, AODA, PIPEDA, and CASL compliance.
Newport Private Wealth firmographics
Firmographics- Name
- Newport Private Wealth
- Legal name
- Newport Private Wealth Inc.
- Website
- https://newportprivatewealth.ca
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Newport Private Wealth is a Toronto-based independent Canadian wealth management firm serving high-net-worth individuals and families across five offices with endowment-style multi-manager investing and integrated financial, tax, and estate planning.
- Ownership category
- akta.pro rank
Newport Private Wealth industry classification
Industry- Product category
- Private Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA)
- akta.pro secondary industries
- Private Banking Alternatives & Private Markets Access (PE/VC, Hedge Funds, Real Assets) (FSABADAH), Private Banking Business Owners & Entrepreneur Solutions (Liquidity Events, Pre-IPO) (FSABADAK)
Keywords
Where Newport Private Wealth is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices5 records
Markets served
Newport Private Wealth business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Wealth Management Fees: Fee-based wealth management services for high-net-worth individuals and families. Revenue is generated through AUM-based fees for investment management and advisory services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Customized wealth management services for qualified high-net-worth clients |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Newport Private Wealth product offering
Product offeringCore offering
Newport Private Wealth provides discretionary investment management and integrated wealth planning to high-net-worth individuals and families across Canada. Its endowment-style investment platform spans 13 asset classes including private real estate, private debt, and infrastructure, and is combined with coordinated tax, estate, succession, retirement, and philanthropy planning. Services are delivered through portfolio managers and client relationship teams across offices in Toronto, Calgary, Kelowna, Waterloo, and Kingston.
Product overview
Newport Private Wealth operates as a unified wealth management platform offering investment management, comprehensive financial planning, and client services to high-net-worth individuals and families. The core offering consists of an endowment-style investment platform providing access to 13 asset classes, complemented by wealth planning services integrating tax, estate, succession, and retirement planning. Sub-brands include Lonsdale Portfolios (investment offering with dedicated portal) and the NextWave program (financial literacy for client family members). The firm has expanded through acquisitions including Algar Virtue & Associates and operates from multiple Canadian locations.
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Management Platform
Quantifiable outcome
- Managing $1.9 billion through referral network for 3,000+ households
Companies that use Newport Private Wealth
Customer profileSegments3 records
Ideal customer profiles3 records
Newport Private Wealth technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Newport Private Wealth partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TRIP CanadacoreLong-standing philanthropic partnership with TRIP Canada, which builds homes and provides education support in Sri Lanka. Newport has been a steadfast supporter since 2005 and is sponsoring the organization's 65th home-build project. Newport's chairman Aubrey Baillie was instrumental in the founding of TRIP Canada.
Scale indicators3 records
Recent moves9 records
Expansion highlights5 records
Newport Private Wealth competitors and assessment
Company assessmentDirect peers
- Nicola Wealth Management: Independent Canadian wealth manager serving HNW families with discretionary portfolio management, financial planning, and alternatives exposure — a near-perfect business-model match to Newport in the same domestic Canadian HNW niche.
- Leith Wheeler Investment Counsel: Canadian independent investment counsel firm managing diversified portfolios for HNW individuals and families, with a multi-asset approach and emphasis on fee-based advisory — directly comparable in scope and client focus.
- Mandeville Private Client: Canadian boutique wealth manager focused exclusively on HNW individuals and families with discretionary portfolio management and planning services, competing head-to-head with Newport for the same HNW segment.
Broad incumbents
- IG Wealth Management: One of Canada's largest wealth managers (part of IGM Financial / Canada Life), offering comprehensive HNW advisory and investment management — significant incumbent competitor with broader product shelf and bigger advisor force.
- RBC PH&N Investment Counsel: Discretionary investment counsel arm of RBC Wealth Management serving HNW Canadian clients with multi-asset portfolios and integrated planning — a deep-pocketed bank-affiliated competitor with the same HNW proposition.
- BMO Private Wealth: Bank-affiliated private wealth division within BMO (former BMO Nesbitt Burns) offering investment management, estate, and financial planning to HNW households — a large incumbent in the same Canadian HNW market, anchored by leadership provenance connected to Newport's own Chairman Emeritus.
- TD Wealth Private Investment Advice: TD Wealth's discretionary HNW advisory business offering investment management and financial planning to affluent Canadians — bank-affiliated incumbent operating in overlapping HNW client segments.
- CIBC Private Wealth: Private wealth arm of CIBC providing discretionary portfolio management and planning services to Canadian HNW clients — bank-affiliated incumbent competing directly for the HNW household segment.
- Scotia Wealth Management: Wealth management division of Scotia offering discretionary investment management and planning across Canadian HNW segments — large incumbent competitor with deeper resources and broader product set.
Emerging players
- Cardinal Capital Management: Independent Canadian investment manager focused on alternatives and multi-asset strategies for HNW investors — partial overlap with Newport's endowment-style platform, particularly on the alternative-investment differentiator.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Newport Private Wealth social profiles
Digital presenceNewport Private Wealth compliance and trust
Trust signalCompliance4 records
Newport Private Wealth financial estimates
Financial estimateRevenue estimate
Valuation estimate
Newport Private Wealth leadership team
Management profileNumber of profiles
Profiles7 records
Newport Private Wealth subsidiaries and ownership
Company hierarchySubsidiaries2 records
Newport Private Wealth funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Newport Private Wealth M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Newport Private Wealth
What does Newport Private Wealth do?
Newport Private Wealth provides discretionary investment management and integrated wealth planning to high-net-worth individuals and families across Canada. Its endowment-style investment platform spans 13 asset classes including private real estate, private debt, and infrastructure, and is combined with coordinated tax, estate, succession, retirement, and philanthropy planning. Services are delivered through portfolio managers and client relationship teams across offices in Toronto, Calgary, Kelowna, Waterloo, and Kingston.
Is Newport Private Wealth a public or private company?
Newport Private Wealth is a private company. It is classified as private equity controlled and is currently operating.
When was Newport Private Wealth founded?
Newport Private Wealth was founded in 2001. It employs 11 to 50 people.
Where is Newport Private Wealth based?
Newport Private Wealth is headquartered in Toronto, Canada, in the North America region.
How does Newport Private Wealth make money?
One revenue line is on record: wealth Management Fees.
Who are Newport Private Wealth's main competitors?
Direct peers on record are Nicola Wealth Management, Leith Wheeler Investment Counsel and Mandeville Private Client. Broad incumbents are IG Wealth Management, RBC PH&N Investment Counsel, BMO Private Wealth, TD Wealth Private Investment Advice, CIBC Private Wealth and Scotia Wealth Management. Cardinal Capital Management is listed as an emerging player.
Does Newport Private Wealth have an API?
No public API is recorded for Newport Private Wealth.
What industry is Newport Private Wealth in?
Newport Private Wealth's product category is Private Wealth Management. Its primary akta.pro industry code is FSAAABAA, Onshore Private Banking (Domestic HNW/UHNW), with a secondary code of FSABADAH, Private Banking Alternatives & Private Markets Access (PE/VC, Hedge Funds, Real Assets). Its NAICS code is 523940 and its SIC code is 6282.