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Flying Spiders, Fiduciary Responsibility and Golf · Planet New Jersey

• 0:16
  Hi. Welcome to Plan in New Jersey.
• 0:19
  We are the official podcast business podcast of
• 0:21
  the Mj bi.
• 0:23
  The largest
• 0:24
  statewide
• 0:25
  association in the nation.
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  With me as always, my partners in crime,
• 0:29
  Denis Si and Randy Stevens,
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  And joining us today is our special guest
• 0:35
  star, Michelle Bennett, C founder of the Newport
• 0:37
  Capital Group. Thank you, Michelle so much for
• 0:40
  joining us today we're thrilled to have you.
• 0:42
  Thank you.
• 0:43
  Thank you. Thanks for Randy. Thanks, buddy. I'm
• 0:45
  excited to be here today. All we're excited
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  to have you.
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  So let's... Dig into our ice breaker brought
• 0:51
  to us today by many even and give
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  us our ice breaker today. Sure. Sure. So
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  I was just reading.
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  In the Philadelphia inquire. Now by the time
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  this comes out, this might be obvious, but
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  we were supposed to have these giant Venom
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  spiders that could fly
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  to descend upon New Jersey. I have just
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  heard that we have dodged that bullet that
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  it might not have actually been
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  like, might have been a little drawn on
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  out of proportion, like,
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  there may be a spider.
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  But they kinda made it sound like we
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  were gonna have these Sake, like,
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  you know, like, a swarm of flying Venom
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  spiders that we're gonna descend upon New York
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  and New Jersey. Thankfully, that's not gonna happen.
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  But I wanted to see, like, what everybody's
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  thoughts are on a insects in general, especially
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  the flying venom is sweater variety.
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  No. I didn't the hysteria was definitely booming.
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  I started seeing it online too. Like, I
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  probably for a couple days now. Right? Like,
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  what's next? Right?
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  We don't dodge too much. So I like
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  the way that you intro that video. It's
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  so far. Yeah. I
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  after this, the only thing left was to
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  have, like, flying Chu cameras. Something.
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  Maybe if we could have, like, wolverine that
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  fly, that would have been the next thing
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  for New Jersey after this,
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  goes to rights and it goes right to
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  Chu cobra. Okay.
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  You know what else we dodged. Do you
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  remember during the pandemic? Like we were supposed
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  to have these murder hornets? That we're gonna
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  take over the Yeah. No Yes. They were
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  describing the the excruciating pain of getting stung
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  by 1 of these things and I don't
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  know. It... I remember they caught 1 of
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  them, and then it just... You know, that
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  was the last I heard of it.
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  Well, they are a terrified. I... Well we
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  were in Arizona, there was something called a
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  tarantula loss.
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  And this guy was told me that the
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  tarantula wasp lands on a tarantula,
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  and
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  implants it with its eggs and the eggs
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  are hatch and then eat the tarantula on
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  the inside out. Oh, where let's do that
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  too.
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  Okay okay? Yeah. Hornets the as a matter
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  of fact, hornets prefer to lay their eggs
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  and tarantulas is. Which makes me wonder how
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  many tarantulas are there ratio
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  to hornets in the world... Because there's a
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  lot of hornets like,
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  Sorry. They're here for the syringe. Like, the
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  tarantula is terrifying,
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  but then you're like, the port ranch is
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  that just scary Logan's doing stuff bother anybody
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  that, you know, but your item and that's
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  just seems... I don't wanna take a side
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  in this battle because I hate both flying
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  stinging insects and tarantulas.
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  Equally. Yeah
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  Get off.
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  See order to be and fly inspires are
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  probably 1 of my
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  here's low key... Just the webs alone just
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  freak me out Like, I mean, just takes
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  something going on. Yeah. Yeah. What's going on?
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  You no. III
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  don't think this would have impacted me that
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  much because I'm I'm definitely an indoors z
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  type. But
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  I don't know. Casey Randy Michelle, indoors y
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  outdoors.
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  Definitely indoors dorothy for me. Yeah.
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  So we would have been okay 1 way
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  or the other.
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  Oh, yeah. No. I would I had... When
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  I... When I heard about that tarantula loss,
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  but we were hiking in Arizona, 1 landed
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  on my hand.
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  And, of course, it's not gonna... But they
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  they leave these terrible stings, and my husband
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  mark is like, don't
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  move.
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  Standing that's still. It flew away, but was
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  terrifying. Terrifying double it. Like, how you not
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  move. You almost like wanna freak out. Your
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  hard to start planning. Yeah. Like, u.
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  I think Got to the whoever, like I
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  was too afraid to scream where I was
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  just, like, frozen.
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  Your They have these things in Australia called
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  bird eating spiders. I don't know if you
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  ever heard of those, but they... The name
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  is exactly what you would think. They eat
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  birds. Like, and they... They they're they're sort
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  like por coupons, they have these, like, little
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  razor things. But instead of just like sticking
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  you when you touch it. They can projectile
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  dial them out,
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  Australia is crazy.
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  Level. Yeah.
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  Although
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  You gotta go back to Casey with the
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  don't move because my mind instantly flashed back
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  to home alone when a the spider fell
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  on the fixed a little car.
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  Well great.
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  I was watching this video they did. I
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  it was like a myth busters kind of
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  thing on whether or not they could have
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  survived that movie. And that was 1 of
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  the things where they were like, ins immediately,
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  like cracked ribs at least. Like.
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  And just 1 of the things. Yeah.
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  No. They do spoiler alert, they definitely would
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  not have survived either 1 of those films.
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  Last. That
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  Do the favorite favorite Christmas with movie. But,
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  alright. So let's let's dig in. Let's get
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  let's get to our special guest store.
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  Michelle Bennett, Benny, why you start us off.
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  Sure. So I I heard that you're into
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  golf. We actually
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  I I played my first game a golf,
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  like, not, like, I don't know a couple
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  weeks ago at this point. I couldn't tell
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  you the exact date. We went out as
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  a a team building thing, Casey and I
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  were on the same for some.
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  And she got to
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  she got to experience my first time.
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  I heard you get some good shots out
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  there, Vin. I don't know. Know what Gonna
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  give I'm gonna give credit where credit as
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  due, our marketing chief fin sc. We we
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  got there early because I thought it started,
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  you know, half an hour earlier than it
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  really did.
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  And he pulled me aside. He showed me
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  the right way to hold it. And we
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  went golfing last year as, like we did
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  a driving thing. At top golf or whatever.
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  And I couldn't hit it, like, 3 feet
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  in front of me. And then he showed
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  me how to hold it. And suddenly, I'm,
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  like, belt them over the fence.
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  Really dead. You are you are a natural.
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  You are a golfer. You need to get
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  out there. I just can't put it.
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  That's everybody. Wow. That's.
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  Like, that's this that's everybody. Doesn't matter how
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  long you're playing. Like, pot is so hard.
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  Short game in general is so hard. See,
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  I would've have thought that's all I've done
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  all my life with the miniature golf and
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  everything. But with the the thing that, like,
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  I've gotten used to. They're the little wooden
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  surroundings that they have in mini Golf that
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  you can shade things off of. Like it
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  would always be like, alright, off that, nothing
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  but net. And now you can't do that.
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  Like, it's just You know, it's just mer.
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  You tap the thing a little too hard,
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  and it's like 50 feet that way now.
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  Yeah.
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  Well, I'd like to... You were driving a
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  golf cart at maximum speed. Yeah. I I'm
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  actually, like, driving a golf cart like an
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  unsupervised 9 year old is actually 1 of
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  my favorite things in this world.
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  I think you and a lot of people.
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  Yeah. But tell me about your golf game.
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  What do you like to do?
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  So I love Golf. I'm addicted. I'd probably
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  been doing it for about 4 or 5
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  years now. Which is not exactly a great
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  hobby for an indoors type. But you probably
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  figured that out or... Ready. I figured that
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  out. Yes. And I like to do it
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  first thing in the morning when it's still
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  cool, not hot, not 11 nuts and bugs.
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  Mh.
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  But I absolutely love it. It's... I have,
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  like, a love hate relationship with the game.
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  I always have a couple shots that bring
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  me back, but then I have those shots
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  that make me wanna sell my clubs that
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  never play again. Sure.
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  It's probably the most frustrating thing you can
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  do, or as far as a sport leg
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  off.
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  Now do you... Do you let go around
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  to, like, nice courses and everything? Like, like,
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  if you... If I were to ask, like,
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  what the coolest course you've been on? Or
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  you can tell me like, you were in
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  Scotland somewhere? Or something like that?
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  I have not been to Scotland, but I
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  am like, American guest when it comes to
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  going to fantastic courses.
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  So... Yes. I've been extremely fortunate to play
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  in a lot of great places. What would
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  you say your favorite was?
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  My favorite,
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  that's a really good question.
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  I said... Probably is the most beautiful course
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  I've played.
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  That's hard. There's a course called Ever glad
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  and Palm Beach Florida that I absolutely love,
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  and it's, like, right off of, like, we're
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  ave, like, shopping as you won't even know
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  it's behind all that, and it's really, really
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  great and spectacular.
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  So that was fantastic.
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  Popping But I've also played a great... Some
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  great courses in California that are absolutely beautiful.
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  It's really hard to pick a perfect 1
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  because they're all unique and different. And
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  it's wild or some of these golf courses
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  are the locations.
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  I mean, I gotta tell you, it was
• 9:09
  super tired. We just did 9, and it
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  was... Super tiring. Like, do you do the...
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  Finished 9. We're 1 of the only groups
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  that finished
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  We did. And I I was doing that
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  on a broken toe, and I went I...
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  We were still in. It was funny because
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  I was like, alright. We're done We're done,
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  and they they're like, no. Let's just do
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  1 more. Let's do more? I can drink.
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  Yeah. No. It's fun is frustrating, shall I
• 9:31
  started playing about 3 years ago of myself.
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  And I... For Mother's day. I said, what
• 9:35
  do you wanna to do? I said I
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  wanna go golfing.
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  And so we played in how many hill,
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  which is really unforgiving is really long. And
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  I like when the women's tees are really
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  far up, and the women's seat is just,
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  like, a couple feet up. And halfway through.
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  I'm, like, why would I take this To
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  do all others day
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  is so frustrating.
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  Not having any fun.
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  Oh, yeah. It goes bag forth. Then you
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  had your great job. You're like, I love
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  this game. Yeah. Always sound like, the 18
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  tall.
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  Pom many is great though. Mammoth County has
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  some really beautiful public courses that you can
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  go to. So we're fortunate to.
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  Totally here. Best mom and many park so...
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  New park system does a beautiful job. Yeah.
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  They really do.
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  Alright, Casey. I'm gonna kick it to you
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  for the next part of this.
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  Alright. Excellent. So
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  so... Michelle, us a little bit about your
• 10:23
  kind your professional journey. I mean, how did
• 10:25
  you get to
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  C... Being a c founder of the new
• 10:28
  board Capital group. Like, what what led you
• 10:30
  to this? Sure. So,
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  in college, I started at... Barney I need
• 10:35
  an internship, so that's where I, was lucky
• 10:37
  enough to get an internship.
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  After school, they hired me full time, and
• 10:41
  I was working on at Team in the
• 10:43
  Wealth management department as an analyst.
• 10:46
  So I had about 5 years experience at
• 10:49
  that point and Dominic Deep hero, the president
• 10:52
  of Newport Capital Group who is a great
• 10:54
  friend.
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  Sister has been 1 of my very good
• 10:57
  friends for a very long time.
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  Ted contact me and said, listen,
• 11:01
  they've always had a family office, a single
• 11:03
  family office, and he said, I'm thinking about
• 11:06
  taking on public money. I know you've been
• 11:07
  doing this for time now in New York,
• 11:10
  but you're probably tired of commuting.
• 11:12
  Wanna open up an office in Red Bank.
• 11:15
  And was wondering if you were interested in
• 11:18
  joining me because you have the experience with
• 11:19
  taking public assets.
• 11:21
  So we met at a Starbucks in Middle
• 11:23
  town,
• 11:24
  talked it through and decided sure why not?
• 11:27
  So I left Smith Barney, and we started
• 11:30
  a newport Capital group, and I haven't looked
• 11:32
  back. It's in the best decision I made.
• 11:34
  And Red banks such a great spot. You.
• 11:36
  Right Really
• 11:38
  downtown Red Bank is... We're right on Broad
• 11:40
  street in Downtown Red Bank. So we're super
• 11:42
  lucky.
• 11:43
  Yeah. And it's a perfect spot. What... Or
• 11:45
  what do you love about what you do?
• 11:49
  I think...
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  What I love most about what I do
• 11:52
  is helping others. So I've always had a
• 11:55
  passion for helping others and guiding people.
• 11:58
  And in working at Newport and working with
• 12:01
  individuals and families and corporations where we're able
• 12:05
  to touch a lot of different employees.
• 12:08
  Through the retirement plans that we that we
• 12:10
  work with and Felt.
• 12:12
  We're able to
• 12:15
  guide individuals,
• 12:16
  and provide,
• 12:19
  provide folks with the ability to retire,
• 12:22
  educate them
• 12:23
  and
• 12:24
  gives them the ability to achieve objectives and
• 12:27
  goals that they have that they may need
• 12:29
  some help with. So it's really about helping
• 12:30
  others it's really what it comes down to.
• 12:32
  And that is is enormously
• 12:35
  important because a lot of us didn't grow
• 12:36
  up,
• 12:37
  was speaking of myself and my background, knowing
• 12:40
  how to do any of that. You know,
• 12:42
  I have family mess better,
• 12:44
  engineers or maybe didn't even same for retirement.
• 12:47
  So as a younger person, I was never
• 12:49
  told, you know, you should... You take this
• 12:51
  04:01 k seriously and where you can put
• 12:53
  your money. So I think a lot of
• 12:54
  people do need direction in that arena,
• 12:57
  myself included. So help others, Perfect segue.
• 13:01
  I just have to hear more about the
• 13:03
  good scout reward. You just tell me about
• 13:05
  how you got the good scout or.
• 13:07
  Sure. So as I mentioned, just my commitment
• 13:10
  to helping others and guiding others has been
• 13:12
  a passion of mine professionally and personally.
• 13:15
  So I'd try to get involved within the
• 13:18
  community as much as I can, whether it's
• 13:20
  through volunteering on a board or helping different
• 13:22
  organizations and volunteering my time.
• 13:25
  And
• 13:26
  by doing that, I'm able to affiliate myself
• 13:29
  with,
• 13:31
  different,
• 13:32
  organizations that help others that are passionate to
• 13:35
  me that I love that are near and
• 13:37
  dear,
• 13:38
  some being affiliated with veterans, my dad with
• 13:41
  of it vietnam veteran and marine, others with
• 13:43
  helping others a great organization here.
• 13:46
  In Middle town calling no limits cafe, see
• 13:49
  where they help folks with intellectual disabilities,
• 13:52
  prepare for jobs and life and things like
• 13:54
  that. So just being involved in the community
• 13:56
  and helping
• 13:58
  different
• 13:58
  organizations,
• 14:00
  really,
• 14:01
  I think was a catalyst for why it
• 14:02
  was nominated to receive the award,
• 14:05
  here at Newport, we're all motivated by helping
• 14:08
  others, and we encourage
• 14:10
  to volunteer and to be philanthropic.
• 14:13
  So it's something that we do here. It's
• 14:15
  second nature to us as we don't even
• 14:16
  think twice about it. We all do it
• 14:18
  here. I just puts fortunate enough. To receive
• 14:22
  the award for for my services that I
• 14:24
  provide to the community. Well that's just so
• 14:26
  that's so cool. I mean Was a a
• 14:28
  girl scout leader for a number of years,
• 14:30
  and it's just fantastic.
• 14:33
  Ray, you wanna take it from here?
• 14:35
  We'll do. We'll do.
• 14:37
  Thank you again for being with us. So
• 14:39
  I think Great to talk about, to have
• 14:41
  a financial services, so, know, plan an executive
• 14:43
  with us today. I think it don't be
• 14:44
  fair to kinda let our fans know a
• 14:46
  little bit about.
• 14:47
  For this year responsibility, right? Something you kinda
• 14:49
  hear correlated it with that industry. So, like...
• 14:51
  So to tell our fans a little bit
• 14:52
  about what what that is what it entails
• 14:54
  and how you guys have pulled that new
• 14:55
  board if you don't hunt.
• 14:56
  Sure. No problem. So
• 14:59
  as far as producer fiduciary responsibility as it
• 15:01
  relates to
• 15:03
  corporations and
• 15:04
  the offerings that they provide to their employees
• 15:06
  as far as retirement plans.
• 15:09
  We service can consultants to corporations that are
• 15:12
  offering, whether it's of 04:01 k or through
• 15:15
  b defined benefit, non qualified plan,
• 15:18
  whatever it may be, we serve as a
• 15:21
  consultant to the committee that's 3 responsible
• 15:23
  for making the decisions for the retirement plan
• 15:26
  that's provided to their employees.
• 15:29
  With that, they're the fiduciary responsibility. There's
• 15:33
  requirements that you have to meet under the
• 15:34
  guidelines of Ari, there's different regulation.
• 15:37
  So we've created a process
• 15:40
  where,
• 15:41
  we
• 15:42
  manage the risk associated
• 15:44
  with that offering to your participant.
• 15:47
  And
• 15:48
  we've built a process around that that we
• 15:51
  work with the... Our committees and clients that
• 15:53
  we work with to help manage that. We're
• 15:55
  always staying on top of a different regulation
• 15:59
  and legislation because it's always changing or rest
• 16:01
  was always evolving.
• 16:03
  There's... As, you know, I'm sure you've heard
• 16:05
  secure 2. It's been in front of Congress
• 16:07
  for a couple of years now.
• 16:09
  There's a lot to digest. So that's an
• 16:12
  example of how we work with our clients.
• 16:14
  So we have
• 16:15
  a new regulation that's coming out. There's some
• 16:18
  mandatory
• 16:19
  requirements
• 16:20
  associated with it, but there was also up
• 16:22
  optional. So just working with folks to go
• 16:24
  through what those optional requirements are and what
• 16:26
  would be best for their participants
• 16:28
  based on their demographics,
• 16:31
  So we get involved in those types of
• 16:32
  of different decisions that are being made.
• 16:36
  We provide
• 16:37
  education to committee members as well.
• 16:39
  To ensure that they are familiar with what
• 16:42
  their responsibility is as a fiduciary.
• 16:46
  And
• 16:48
  we really help provide governance around that responsibility
• 16:50
  to ensure that there's protection there.
• 16:53
  Awesome. Awesome. Great or 2. And you know
• 16:55
  what that actually... Perfect segue into our next
• 16:57
  question. Right? New Jersey Troy Sac or 2.
• 17:00
  We've been hearing about it for a couple
• 17:01
  years you just mentioned it as well.
• 17:03
  Just tell the audience a little bit about
• 17:04
  that and what's changing, I guess, from before
• 17:06
  this rolls out, if it's not already in
• 17:08
  place and how things were a prior, what
• 17:10
  what was available to to... Different, potential customers
• 17:13
  or relationships prior.
• 17:15
  Sure. So as I mentioned, some of the
• 17:17
  mandatory requirements. They... Said when secure 2 came
• 17:21
  out,
• 17:22
  it wasn't quite clear about what was going
• 17:25
  to be required, not required. There's... Still kinda
• 17:28
  working through the details.
• 17:30
  So they have released
• 17:32
  the dates that are associated with the requirements.
• 17:36
  So now there is... Now you have some
• 17:38
  guidance as far as when you have to
• 17:40
  have certain,
• 17:41
  different
• 17:42
  requirements in place for the participants.
• 17:45
  And they've also
• 17:47
  released what is
• 17:49
  optional for folks. So now you have the
• 17:51
  ability to kinda walk through what those options
• 17:54
  are,
• 17:54
  and whether or not you should be providing
• 17:57
  those to your participants or if they would
• 17:58
  benefit from them. So I think from start...
• 18:01
  From when it started to where it is
• 18:03
  now, there's just much more guidance. There's is
• 18:06
  out still a lot of detail and it's
• 18:09
  a lot of information.
• 18:11
  So we've worked really hard on trying to
• 18:13
  provide kinda like AA2 0,
• 18:15
  user guide for our our clients really simplify
• 18:18
  and. And help them understand what it all
• 18:21
  mean.
• 18:22
  Actually. A quick question if I could jump
• 18:23
  in. So
• 18:25
  I'm assuming your clients are the employer side.
• 18:27
  Right? Not necessarily the participants?
• 18:31
  That's correct. So our client is the employer.
• 18:33
  We meet with the committee.
• 18:36
  To help with the benefit of they're providing
• 18:37
  to the participants and employees. Right. So my...
• 18:41
  I guess, I don't know if my question
• 18:43
  was gonna be... So I entered the workforce
• 18:45
  around the time that the housing collapse happened
• 18:48
  in, like, 2008, 2009 in there. And I
• 18:51
  remember so many of my older,
• 18:53
  coworkers
• 18:54
  were just completely screwed out of retirement at
• 18:56
  that point, and they told me, like, understand
• 18:59
  this stuff.
• 19:01
  Understand this stuff as early as you can?
• 19:04
  Speaking of just like education and whatnot. Do
• 19:07
  you have any advice you know, for how
• 19:09
  people could really, like, understand. I don't know
• 19:10
  if you guys provided
• 19:12
  education on the participant level or or anything
• 19:14
  like that. But just to help people,
• 19:17
  Sure. So, yeah. It... It's so important for
• 19:20
  anyone to understand,
• 19:22
  obviously, investing the importance the retirement plan and
• 19:25
  what it means to.
• 19:27
  We do provide education to participants in the
• 19:30
  form of group meetings or individual sessions. But
• 19:32
  we also
• 19:34
  We work with the,
• 19:36
  plan record keeper, the plan provider because they
• 19:38
  also have fantastic tools for education for participants.
• 19:42
  So we work together to build out an
• 19:44
  education campaign and an education calendar
• 19:47
  so that
• 19:48
  we are meeting with your participants talking about
• 19:51
  different topics, not just related to the retirement
• 19:53
  plan that they understand the benefit that they're
• 19:56
  receiving from their employer, but also
• 19:58
  incorporating other topics, because as you mentioned different
• 20:01
  and earlier Casey, A lot of folks don't
• 20:03
  know or don't have the ability to speak
• 20:05
  to someone about
• 20:07
  financial wellness.
• 20:08
  So we incorporate a lot of other topics
• 20:11
  that we feel and from feedback we've gotten
• 20:14
  that
• 20:15
  employees and participants
• 20:17
  are need help with. They're asking questions like
• 20:20
  paying off credit card debt, student loans, buying
• 20:22
  your first home.
• 20:24
  Different things like that. So we try to
• 20:25
  really build out a full financial wellness program
• 20:28
  for the employees, so that we can really
• 20:31
  empower them to make decisions by providing them
• 20:34
  with information,
• 20:36
  and the technology that they need to do
• 20:38
  so,
• 20:39
  How can people access it?
• 20:42
  So people... Like, our our our clients can
• 20:44
  access it through, obviously
• 20:46
  Newport, but they can also access that they're
• 20:49
  the record keeper. A lot of these record
• 20:51
  keepers have really fantastic website with really great
• 20:54
  tools where you can do some financial planning
• 20:57
  that And
• 20:58
  with that financial planning, you can incorporate outside
• 21:01
  assets too, not just assets within the within
• 21:03
  the company where you're participating. But you include
• 21:06
  the a significant others, assets
• 21:08
  as other savings you may have. We also
• 21:11
  have the tools to do that as well,
• 21:13
  but participants aren't always engaging with us. So
• 21:15
  really making sure that they understand that they
• 21:17
  have the tools and the resources through the
• 21:20
  record people and through Newport Capital Group.
• 21:24
  And I get 1 more put 1 more
• 21:25
  question before Read. Yeah. I didn't wanna kill
• 21:27
  you off entirely. I just... I
• 21:29
  she was talking about the education, and it
• 21:31
  made me think. And I would forgot if
• 21:32
  I held him you. I'm glad you did
• 21:34
  because it actually 1 of my questions, then
• 21:35
  so I appreciate it. And and and, you
• 21:37
  know, Michelle too. I I owned. The real
• 21:40
  estate license a little bit of time and
• 21:41
  I tell folks all the time, like, especially
• 21:42
  person home hardwired Right? There's a lot of
• 21:43
  sharks in the industry. Anytime you're involved, but
• 21:45
  like financial services and, you know, big money
• 21:48
  opportunities. Right? Like there's a lot of sharks,
• 21:49
  people who don't have their best interest of
• 21:51
  heart. I think 1 of the things that
• 21:52
  you've said already that kind of
• 21:54
  distinguish distinguishes, Newport Capital and are probably a
• 21:56
  lot of the other firms and and and
• 21:58
  organizations out there is the fact that you
• 22:00
  guys care about helping people. That's, you know,
• 22:02
  probably your premise and and doing it all.
• 22:03
  Is there anything else in addition to that
• 22:05
  that would distinguish newport capital from a lot
• 22:07
  of the other,
• 22:08
  you know, folks that may be in the
• 22:10
  industry in that field. So Sure. So
• 22:13
  like you said, there's a lot of sharks
• 22:14
  out there. A lot of folks that do
• 22:16
  what we do
• 22:17
  will try... To sell ancillary products to,
• 22:21
  to participants and employees, which may not be
• 22:23
  in their best interest. I mean, they have
• 22:25
  put a lot of rules around the Share
• 22:27
  role in what you can and can't do,
• 22:29
  but still that doesn't mean that people aren't
• 22:30
  doing it. So you have to be really
• 22:32
  careful about that.
• 22:35
  In addition, we're agnostic as to who
• 22:38
  what record people were use, what investments we
• 22:40
  use, we have no affiliation or relationship with
• 22:43
  anybody. So
• 22:44
  we keep the participant and the employee,
• 22:48
  their best interest is our first and foremost
• 22:50
  thought. So we just really wanna make sure
• 22:52
  that we're providing them with a a world
• 22:54
  class retirement plan with the best options possible
• 22:57
  for a very reasonable cost and providing them
• 23:00
  with the education that they need
• 23:02
  to help them build out an asset, like,
• 23:04
  asset allocation plan.
• 23:06
  I think what also sets Newport apart is
• 23:10
  our people
• 23:11
  So
• 23:12
  the folks here, we have, a fantastic team
• 23:15
  with really great qualifications.
• 23:18
  And
• 23:20
  we're always staying at the forefront of regulation
• 23:23
  of legislation by,
• 23:25
  attending webinar going to seminars.
• 23:28
  And,
• 23:29
  it's really important to us here that we're
• 23:31
  always doing our continuing education and just staying
• 23:33
  at the forefront of all those different things.
• 23:36
  Besides,
• 23:37
  that, I think the most important thing that
• 23:39
  sets newport Capital Group part tying back into
• 23:41
  the people is our culture.
• 23:43
  We have an amazing culture here, and that
• 23:46
  is the most of important thing,
• 23:48
  to us, it's really important, and
• 23:51
  we're a family. We're very close knit here.
• 23:54
  We have an open environment are very collaborative.
• 23:59
  And
• 24:00
  I really feel like our clients that feel
• 24:02
  that 1 they're working with us. They get
• 24:03
  the same type of service and they get
• 24:05
  that feeling from us. It is a family
• 24:06
  and that they they feel like they're a
• 24:08
  part of our family. So I really do
• 24:09
  feel like that's sets of apart. Tell us
• 24:11
  how would someone, you know, the easiest way
• 24:13
  the best way for someone to get in
• 24:14
  touch with you or another member of. Team
• 24:15
  at newport Capital group. Sure. So
• 24:18
  I can be email. My email address is
• 24:20
  and benefit at newport capital group dot com.
• 24:22
  We have our website, newport capital group dot
• 24:25
  com or on Linkedin,
• 24:27
  or anyone can also call the office. I'm
• 24:29
  happy to take any calls answer any questions.
• 24:31
  The And for the sake of the email,
• 24:33
  is that double n double t? Double n
• 24:35
  double t. Awesome.
• 24:36
  Go pick up their event.
• 24:39
  That's what I'm here for. It's appreciating the
• 24:42
  audio only audience that can't see your name
• 24:44
  on the bottom of the screen.
• 24:48
  Casey. Just before I throw back to you
• 24:49
  Right? So we're playing in new Jersey, I
• 24:51
  like the way vin introduces 1 time is
• 24:52
  like where all things down the garden of
• 24:54
  State Park. Way. So you guys being located
• 24:56
  in downtown Red Bay. I I don't had
• 24:58
  down outside of a few different restaurants. I'm
• 25:00
  I can't let you off the hook until
• 25:01
  you tell us you're way Pop Eater in
• 25:03
  the in the area location where you guys
• 25:05
  are. Share it with all audience.
• 25:07
  Sure.
• 25:07
  So my favorite restaurant in Red Bank is
• 25:10
  Bi rubin.
• 25:12
  Oh, yes. The old basal cheese. The old
• 25:15
  basal cheese. It is fabulous. Yes.
• 25:17
  As I as I note that here for
• 25:19
  the next time I'm in the air so
• 25:21
  When you're in the area, let me know.
• 25:23
  I'll meet you for lunch.
• 25:24
  Awesome. Awesome that is perfect. And is in
• 25:27
  beautiful, I used to... Back in the day,
• 25:29
  At waitress at a restaurant on West Front
• 25:31
  Street called the T.
• 25:32
  But used to be there for a long
• 25:34
  time. You know. Right? Make sure
• 25:37
  Michael and Val Owned it. They were fabulous
• 25:40
  fabulous people. So... Yeah. I worked quite a
• 25:43
  while.
• 25:45
  I tried to make an annual pilgrimage to
• 25:47
  Red bank for Jane, Bob Secret stash and
• 25:49
  to see, like, various movies that they put
• 25:52
  on in their local.
• 25:53
  So... Yeah.
• 25:55
  I'll check that out next time town. Yeah
• 25:57
  great load it here.
• 26:01
  So And and, yeah. And then Red bank
• 26:03
  is a lot. You know, III say that
• 26:05
  sometimes sense. We're I'm in Ask park, and
• 26:07
  you know, you kinda stay in your in
• 26:09
  your bubble, but Red Bank has
• 26:12
  has the 2 river theater, which is fabulous.
• 26:14
  Everybody knows the Count Bass and 2 is
• 26:15
  an equity theater. It's amazing. And the count
• 26:18
  base now the Bog. So there's that little
• 26:21
  town. There's, like, a lot happening. That's just
• 26:23
  restaurants restaurant some fabulous theater tail. Yeah. They
• 26:26
  have really often... Some great venues there. They've
• 26:28
  had some really fantastic focus come through.
• 26:32
  No. Absolutely. It's a it's a it's a
• 26:33
  great spot to be,
• 26:35
  and super centrally located.
• 26:37
  So
• 26:38
  thank you so much. Thank you so much
• 26:40
  for for, giving everybody
• 26:43
  a peek into Newport Capital Group. It's just
• 26:45
  right. It's great for our members to Know
• 26:47
  about and, we're wonderful chatting with you.
• 26:51
  So are you ready
• 26:52
  for the game show yeah. Play 1 your.
• 26:56
  I think so. I mean, am I able,
• 26:57
  like, phone a friend or anything or is
• 26:59
  this is, like,
• 27:00
  I don't know about my trivia, so. That'll
• 27:03
  be
• 27:03
  trailers.
• 27:05
  I'm a little nervous.
• 27:06
  Good Fairly damn. Alright. This is... There's where
• 27:09
  you're gonna be true or false answers. Alright?
• 27:11
  So hold up on the screen, so we
• 27:13
  can see your true or your false after
• 27:16
  I, ask the questions and you, of course,
• 27:19
  have the opportunity to win
• 27:21
  fabulous prizes
• 27:22
  from me and Jb.
• 27:24
  So buckle up. So here we go. Hold
• 27:26
  on. Time out. Do we know who's leading
• 27:28
  this game show by the who's the winner
• 27:29
  this at all? Oh, I'll I'll tally it
• 27:32
  up. Okay. So I think it's... Actually, this
• 27:34
  is the first episode we are recording since
• 27:37
  we technically went live.
• 27:39
  Everything else has just been, like, free. I
• 27:41
  just practice routes? They were not practice rounds.
• 27:44
  But I'm not saying, like, we haven't had
• 27:46
  enough. You know, like, now I'm actually gonna
• 27:47
  go through and tally it all up. I'm
• 27:49
  all not the free lunches, man. Let's do
• 27:51
  that. Let's go
• 27:53
  We're... All pretty neck and neck at the
• 27:55
  moment. You know, like, I don't think anybody's
• 27:57
  like, way out in front.
• 27:59
  Pretty conservative over your time right? Actually this
• 28:02
  cut the road... I'm not sure I can
• 28:04
  handle it.
• 28:06
  I don't watch out.
• 28:08
  Alright. Here we go Be.
• 28:10
  So sea otter, sea otter have a favorite
• 28:14
  rock they use to break open food. Sea
• 28:17
  otter have 1 special rock that they keep,
• 28:20
  and they use that special rock to use
• 28:23
  to break open their food. Is that true
• 28:25
  or false? Right? Down your answer and to
• 28:27
  hold it up. Happened to my Steve and
• 28:29
  days, I think I knew this.
• 28:31
  Can you say?
• 28:33
  Let's say. I've got
• 28:35
  Oh, okay. Isaiah got 2 true and a
• 28:37
  false. Oh, I'm thinking I'm wrong there then.
• 28:42
  It's true.
• 28:44
  Just figure them. But once Randy said it's
• 28:47
  steve urban dave, I was like, I don't
• 28:49
  know. I think I picked the answer. All
• 28:51
  about discovery channel, Michelle.
• 28:54
  They they do. They keep their special rock,
• 28:57
  which if you get. They... I don't where
• 28:59
  they keep it in their pocket or something,
• 29:00
  but, yeah, They keep their stuff in No.
• 29:02
  I didn't even know that for sure that
• 29:04
  just felt so definitively like Sea otter. Is
• 29:07
  like, that's just so like them. Like I
• 29:09
  just I thought to myself. Where would they
• 29:11
  possibly...
• 29:12
  Keep their rock. So That's impossible because they
• 29:14
  would lose their rock. Yeah. Be exactly sure
• 29:17
  weird where they keep there. Keep their fan
• 29:19
  back.
• 29:21
  I was watching this thing on, like, these...
• 29:23
  I think it was the puffer fish or
• 29:25
  something. And or the Japanese puffer fish, I
• 29:27
  think. And what they do is fish. Yeah.
• 29:30
  Like, in order to, like, get a mate
• 29:32
  or, like, you know, attract a mate, they
• 29:35
  make this, like, magnificent
• 29:36
  piece of art in the sand. I then...
• 29:40
  And then, like, another 1 will come by
• 29:42
  and see it and be like, oh, that's
• 29:43
  pretty cool. This guy's gotta know japanese tougher.
• 29:45
  Versus the. I've got.
• 29:47
  That... That's what they said. Like, I don't
• 29:49
  know. I'm I'm sure the American ones will
• 29:50
  do it too. But, you know, Like yeah.
• 29:52
  And I'm just like... That what that proves
• 29:54
  to me is that fish can appreciate art
• 29:57
  or beauty. You know, and that's not something
• 29:59
  I had considered before. So Right? Some somebody
• 30:02
  be like, like, you know, that's that's a
• 30:03
  pedestrian piece of sand art. I'm not done
• 30:05
  so
• 30:07
  You imagine if you just stepping it, like,
• 30:08
  when you're in the water and... Was a
• 30:10
  wilder. That's cloud. There are not tougher for
• 30:12
  r case.
• 30:13
  All this work and you step on it.
• 30:15
  Alright. So here we go. Question number 2.
• 30:18
  Sure
• 30:19
  and ant can lift a thousand times its
• 30:23
  body weight.
• 30:25
  So at answer... What the team a it
• 30:27
  adds, Sarah. And where we going? When ed
• 30:29
  an individual ant,
• 30:31
  Ken an individual land can lift 1000
• 30:34
  times, it's body weight. She said to away
• 30:36
  from golf Michelle. So you're you're out... You
• 30:38
  might be out of this 1.
• 30:40
  So
• 30:41
  I'm gonna put false only because I think
• 30:44
  it might not be that exact number. I
• 30:45
  know they can lift a lot. I think
• 30:47
  it might be like, a hundred times their
• 30:49
  way. I I don't know. I could be
• 30:50
  wrong. I'm probably where we
• 30:52
  What do will you have tears yours? I
• 30:54
  went t for true.
• 30:56
  You ux t for true.
• 30:58
  It is... Well they... It is false because
• 31:00
  they can lift 5000
• 31:02
  times their body right? Yeah. I knew. I
• 31:03
  I was it's gonna be off like that.
• 31:05
  Michelle. What is your care michelle? I I
• 31:07
  fit through what obviously, was wrong. I see
• 31:11
  I gotta going on today with 2... Love
• 31:13
  for 2 right now.
• 31:15
  Alright. You dollar the last 1,
• 31:17
  and Octopus has 7 hearts.
• 31:21
  Sure false.
• 31:24
  Right. This the sure I something.
• 31:27
  I'll go first. And you guys answer the
• 31:28
  opposite.
• 31:32
  What what are the false. We'll stick with
• 31:33
  the majority day.
• 31:36
  What do you have been? I wrote a
• 31:37
  false. But us,
• 31:40
  Alright. It's 3 way tie because it is
• 31:42
  false. They have 3 hearts.
• 31:46
  Seemed excessive. I was like, what would you
• 31:48
  even do with 7 or... They're not even
• 31:50
  like, that big.
• 31:52
  Feel a lot love. Been a lot of
• 31:53
  love to go around in the ocean. Yeah.
• 31:56
  Well So ben you in our
• 31:58
  overall
• 31:59
  game, but, Michelle, thank you for playing. You
• 32:01
  win a 10 dollar gift card to walmart.
• 32:05
  Thank you. I love W, and I love
• 32:07
  W coffee, so that's fantastic. Thanks. That's what.
• 32:09
  And they got a sponsor in any anyway.
• 32:11
  We just appreciate W. We we do have
• 32:14
  a sponsor case. Who is it? Yeah, thank
• 32:16
  you very much, Randy. Was getting to that,
• 32:18
  our sponsor, official sponsor for planet New Jersey
• 32:20
  Podcast. Yeah. Is N mj insurance
• 32:23
  rides homeowners, renters, and business insurance, new, jingle
• 32:27
  or mascot, just great insurance. So check out.
• 32:30
  We'd give you prizes related to the sponsor,
• 32:33
  but then, like, what would it... Like, we'd
• 32:34
  be giving you, like, a homeowners and insurance
• 32:36
  Are giving me homeowners child.
• 32:38
  Right. You the vote? Maybe accept liability. I
• 32:41
  don't know. I'll take any. Honestly, I'll take
• 32:43
  the free sandwich.
• 32:47
  Exactly. So thank you so much. Thank you
• 32:50
  to my partners and crime, Vin and Randy
• 32:52
  and our very special guest michelle benefit. Taking
• 32:55
  time out of her day and and chi
• 32:57
  chatting with us.
• 32:58
  Thank you. So we on your plan in
• 33:01
  New Jersey. We appreciate everything stopping and by.
• 33:03
  So from all of us here, to everyone
• 33:06
  out on a great state. Thank you so
• 33:08
  much.
• 33:09
  Till next time.
• 33:11
  Thank you.