Newport Asset Allocation Models Included in Quicken 2006 Personal Finance Software

Business Wire, Nov 29, 2005

ORLANDO, Fla. -- The Newport Group, a leading national provider of retirement plans and investment advisory services, announced today that its asset allocation models have once again been selected by Intuit Inc. as part of Quicken 2006(R), the latest edition of its best-selling personal finance software year after year.

"Newport is an industry leader in the development of strategies that help retirement plan participants with their investments," said Mendel Melzer, Newport's Chief Investment Officer and President of Newport Group Securities, Inc. "Quicken users benefit from our asset allocation framework, because it allows them to construct portfolios with the highest level of expected return for a given level of risk."

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. The company's flagship products and services, including QuickBooks(R), Quicken and TurboTax(R) software, simplify small business management and payroll processing, personal finance and tax preparation and filing. ProSeries(R) and Lacerte(R) are Intuit's leading tax preparation software suites for professional accountants. Newport's financial modeling feature is available in Quicken 2006 Deluxe, Premier, and Premier Home & Business versions.

Newport provides its retirement and executive benefit plan services through alliances with partners such as registered investment advisors (RIAs), third-party administrators (TPAs), banks, CPAs, brokerage firms, and retirement services firms. Newport's clients include Fortune 1,000 corporations, major financial institutions, public utilities and large private companies; the firm has more than $7 billion in total client assets. The firm's retirement and benefit plans include qualified defined contribution plans and non-qualified executive benefit plans.

"At Newport, we tailor our retirement and benefit plans to help people reach their financial goals, which is a key reason why our services are a good fit with Quicken software," Melzer added. "Our model portfolios help simplify the process of making important investment decisions in both Newport's 401(k) and executive benefit plans. Since Quicken is the most widely-used personal finance software on the market, our proprietary tools and investment expertise will continue to assist millions of the product's users."

About The Newport Group

Founded in 1984, The Newport Group is a leading retirement services and asset management firm--specializing in the creative design, funding, and administration of qualified and non-qualified retirement plans as well as co-fiduciary investment advisory services. Through its innovative and customized solutions, Newport is uniquely positioned to satisfy the distinct financial needs of employers and employees, and has done so for hundreds of the country's largest and best-known companies. For more information, visit www.newportgroup.com.

Intuit, the Intuit logo, Quickbooks, Quicken, TurboTax, Lacerte and ProSeries, among others, are registered trademarks and/or registered marks of Intuit Inc. in the United States and other countries.