Newport Private Wealth continues expansion with new office in Calgary, Alberta
Toronto, Canada, February 1, 2022 – Newport Private Wealth, one of Canada’s largest and fastest-growing independent wealth management firms, serves Canadian high-net-worth individuals and families from coast to coast with a substantial roster of clientele hailing from Western Canada. To support the pace of its growth, Newport is pleased to announce that Russ Hafer, who co-founded and successfully ran Calgary-based insurance and investment advisory Quarry Wealth Management, has joined Newport as it expands its Western Canadian presence. Theresa Polegato, Quarry’s client services administrator, has also joined Hafer at Newport.
“We’ve known and worked with Russ and his clients for many years,” says Douglas Brown, President & CEO of Newport Private Wealth. “We couldn’t be more pleased that Russ has joined Newport, bringing his clients, wealth planning and insurance expertise with him. It’s the logical expansion of our footprint in Calgary, and a testament to the added value we can create together.”
Hafer started his career in commercial banking and co-founded Quarry Wealth Management in 2004 to give him the freedom to work with clients in ways that benefited them most fully. He was first introduced to Newport’s investment platform in 2013 and has been an advocate since then.
“I‘ve long been an admirer of Newport and its disciplined, focused approach to holistic wealth management,” says Hafer. “Many of my clients have brought their assets to Newport and have benefited from the company’s emphasis on protecting and growing capital. My relationship with Newport has gotten stronger over the years, and when I thought about what was next for Quarry and its clients, joining the Newport team was the natural next step.”
Hafer is joined at Newport by Theresa Polegato, who served as Quarry’s client services administrator. “We’re delighted to have Theresa join the Newport team and provide clients with the same high degree of personalized service to which they’re accustomed. With Theresa on board, there will be a seamless transition,” added Brown. “Our Alberta and Western Canadian clients and financial advisor community will immediately benefit from their combined knowledge and passion for service.”
Newport Private Wealth was founded in 2001 by Brown, Mark Kinney and David Lloyd. “What was missing was the client’s perspective,” says Brown. “We created Newport from the ground up, adopting the best practices we knew and eliminating as many of the conflicts of interest to align the firm’s interests with clients.”
Since the company’s inception 21 years ago, Newport has attracted an extensive client base across Canada – from entrepreneurs, business owners and professionals to retirees, and some of the country’s wealthiest multi-generational families. They count on Newport to provide holistic wealth planning in addition to discretionary investment management.
About Newport Private Wealth
Newport Private Wealth is one of Canada’s largest and fastest-growing independent wealth management firms serving high-net-worth families. Since 2001, the firm has protected and grown wealth for clients through effective financial planning and an investment management approach that has produced dependable results with low volatility. Its methodology is based on principles and methodologies used by successful institutional and ultra-high-net-worth investors for decades. Newport invests in both alternative and traditional asset classes for greater diversification, lower risk and less reliance on stocks and bonds for income and growth. The Newport Investment Committee sets the investment strategy and asset mix and makes investment allocation decisions using independent specialist money managers with unique expertise in each asset class. Newport Private Wealth is owned and managed by its investment professionals who invest their own capital alongside clients.
Subscribe to Our Views