Finance Monthly - Global Awards 2022

Finance Monthly Global Awards 2022 Canada 77 About Douglas C. Brown Doug Brown’s path to co-founding Newport Private Wealth was born out of a career in wealth management — in some of the industry’s top jobs, including president of Connor Clark Private Trust and Vice-Chairman at RBC Private Counsel – where he observed that many highnet-worth Canadians had broad needs most firms didn’t meet. A lawyer by profession, Doug enjoyed a successful career in law as a partner with one of Canada’s leading international law firms, Fasken Martineau, where he helped oversee the private planning needs of many wealthy Canadian families. In 1994, Doug joined a newly-formed wealth management firm that came to be known as Connor Clark Private Trust. He became President of the firm four years later. Connor Clark’s expansion across Canada and internationally, and the successful service offering it provided private clients, were key reasons behind the Royal Bank’s purchase of the firm in 1999. In 2001, Doug founded Newport in partnership with Mark Kinney and David Lloyd because they wanted to give clients something they weren’t receiving elsewhere: a comprehensive view of their finances. “When we meet with someone, investing is only one item on the agenda,” explains Doug. “We talk about life, family, concerns about children, retirement planning and estate planning needs — the things keeping people up at night.” Doug brings decades of legal and financial experience to Newport’s Board of Directors as Chair and to Newport’s Investment Committee as Governance Chair. He also lends his expertise to the boards of various companies, as well as charitable foundations. About Newport PrivateWealth We originally started Newport Private Wealth because we saw both a need and an opportunity for a better private wealth management experience for Canadians. As senior wealth and investment management professionals serving clients at various large financial institutions – and managing our own families’ investments – we grew frustrated with what we saw as inherent flaws in the traditional industry models. Institutions that put shareholders’ interests ahead of clients’. An emphasis on selling over servicing. Volatile investment returns and a heavy dependence on stocks and bonds. In our view, no provider was optimally meeting the needs of clients with over $1 million of investable assets for independent, unbiased advice; access to top investment managers; steady investment returns with lower risk and volatility; access to quality private investments; transparent reporting, and holistic planning services. We knew what was missing was the client’s perspective. So in 2001 we designed a business model that put client’s interests first and built our firm from the ground up. We invested our own money as Newport’s first clients, and soon attracted like-minded clients. Today, we are one of Canada’s leading private wealth management firms for individuals and families across the country. We provide a stable, confidential home for people who want greater control of their wealth and customized solutions to its challenges and opportunities. Our teambased approach harnesses the intellectual capital of all our wealth professionals to creatively solve issues and serve the best interests of our clients. From our locations in Toronto, Ontario; Waterloo, Ontario; Kingston, Ontario; Calgary, Alberta; and Kelowna, British Columbia we provide wealth management for clients coast to coast. Co-Founder, President & CEO | Newport Private Wealth, Inc. Douglas C. Brown Newport Private Wealth, Inc. Tel: 1 416 867 7555 | Email: Website: Douglas C. Brown

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