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Fees · Money In Motion with Klaas Financial

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This is Money in Motion with Class Financial, a fun and informative show designed
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to help you get answers to all your retirement questions in one place. You
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know the music that means it's time for a phone. Nine is to be
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open for you at six O eight three two one thirteen ten at six eight
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three two one thirteen ten for Money in Motion, of course, brought to
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you by Class Financial right here on thirteen ten WIBA. Great opportunity if you've
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got a retirement related question to get on the air this morning. Again our
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number here at station six O eight three two one thirteen ten. That's three
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two one thirteen ten. You can learn more about Class Financial on their website
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class financial dot com. That's klaas financial dot com. Great website, great
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resource. Not n't even learn about the team at Class Financial. You can
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learn about their separate divisions and different services that they offer. Also a prime
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opportunity there to sign up for the weekly Market Pulse newsletter. I'll get to
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From there you can subscribe to the weekly Market Pulse newsletter. And what it
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is is a weekly email you'll receive with a snapshot of some of the stuff
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that's been going on in the market. Some interesting little factoids there, as
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well as a link to the most recent podcast. Again that available to you
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at class financial dot com. That's k l as Financial dot com. The
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telephon number for the office right here in Madison SIXZO eight four four two five
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six three seven. No charge for that initially, get to know your appointment
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at Class Financial. It will be complimentary to you again. The telephone number
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six O eight four four two five six three seven. And to get on
1:29
the air this morning, just give us call six eight three two one thirteen
1:32
ten. That's three two one thirteen ten. Joined this week by Malia Quavis
1:37
and Nate Bribe. Nate, how are you doing this morning? Morning sewn
1:41
doing good? Good to talk with you. Malia, How are you doing
1:42
on this beautiful day? Are you keeping cool? As the kids would say?
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Yeah, it's a little sweltering outside cool? Well said, Now you
1:49
are you are from California? Originally yeah, but this isn't This still does
1:55
not work. Just was wondering about that. Also, great sampling for folks
2:00
who are maybe considering Florida. Just think a little bit, we've We've got
2:06
a great conversation that had in a great opportunity as well to get down the
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air with your question. This week, we're going to be talking about fees
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and understanding what fees are showing up when it comes to investing, whether you're
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doing it on your own or got the four oh one k maybe at work,
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or if you're working with a financial professional. We're gonna talk about that
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this morning with Melia and Nates and mentioned the phone lines are open six to
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eight three two one thirteen ten. That's three two one thirteen ten. Before
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we start talking about fees, though. One of the other great features of
2:31
the program each and every week is the Class Quiz Question of the week chance
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to win a fantastic prize. This week, no exception, a chance for
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you to win a twenty five dollar gift card two Cabella's from our friends at
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Class Financial with the Class Quiz Question League. Tell you about how you can
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win that a little bit later on the program, I will tell you though
2:46
oftentimes, just about every time both the question and answer to the Class Quiz
2:51
question the League come up during the show, so it pays to pay attention
2:54
in many, many different ways. To all the great information. Before we
2:58
get rolling on this week's topic, let's take a look back actually at last
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week's Claus Quiz question a week get the question and answer there as well.
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Meliah. Yeah, so last week we had a great conversation about retirement readiness,
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a little checklist we had prepared for people to kind of review where they're
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at. So the question of the week was what percentage of retirees report that
3:19
they ended up spending more than they expected in retirement? Is it ten percent
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or more than thirty percent? And so simone, congratulations to her. She
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correctly answered, thirty percent of retirees report that they spent more than expecting in
3:35
retirement. So just put that on your retirement checklist to make sure that you're
3:38
understanding you might spend more in retirement so you can plan accordingly. And it
3:43
was a fantastic show, and it's a great opportunity you mentioned that checklist to
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listen back to that program, and of course you can subscribe to the Money
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in Motion podcast right at Claus Financial dot com. That's Klaas Financial dot com.
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There telephone number six so eight four four two five six three seven no
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charge. The nitial get to know you intet Quast Financial, it will be
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complimentary to you. Delphone number six to eight four four two five six three
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seven to get on the air this morning six eight three two one thirteen ten.
4:09
That's three two one thirteen ten. I know you guys help people with
4:11
retirement planning each and every day, and I've got a guess. It's a
4:14
pretty important part of the conversation is understanding what associated fees cannon will show up
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when you're investing, either you're doing it on your own or four oh one
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ks or working with a financial professional. Correct, Yeah, Sean, this
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is an important topic today because honestly, some people come into our office and
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say, well, I don't pay my guy or gal you know anything,
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or there's no cost in my retirement plan, and well that's not always exactly
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true, you know, So today we definitely want to understand what and how
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you know you are paying for advice within the financial industry. So some questions
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to ask, are are you paying for an investment product, are you paying
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for a financial advice or some combination of both. Are these fees competitive?
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Are there any surrender charges or restriction to get my money out? If I'd
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change my mind? So understanding all these costs before you invest is absolutely imperative.
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So keep in mind that you know any service as we use, there
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is an associated cost. So the example I always use is if you change
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your oil in your car yourself, maybe the oil in the filter is forty
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or fifty bucks, but if you take it to the dealership, it costs
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seventy or eighty dollars for the parts and the expertise of the mechanic. So
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generally speaking, when you bring the advice of a financial planner in, costs
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generally go up versus just the cost of investing your money. So I always
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laugh when we call investment companies with our clients and the recording says we don't
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give tax, legal, or investment advice. It's funny because that's literally what
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most people are calling about. Definitely think when the value of most financial planners
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comes from their advice, not just you know, investing your money, but
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the good news with the cost of investment management, it's drastically been reduced with
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advancements in technologies and many platforms going to zero dollars and trading fees for people
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who choose to self drive. Most robo advisors, which will get into later
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charge anywhere from twenty five basis points that's point two five percent to fifty basis
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points point five percent, so a half a percent to diversify and rebalance your
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investments. Now, let's get into some different types of investment fees that you
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may be seen in your accounts. The first term that we wanted to understand
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is the term load. This refers to as sales charge or commission that is
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charged to an invest in when you're buying or redeeming shares. So common types
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of sales charges that you may see are front end loads or back end loads.
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These fees truely are mainly used to compan representative you're working with. But
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let's break down three common types of loads that you may see in your accounts.
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The first one is probably the most common. It's a front end load,
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and this is mainly associated with Class A mutual funds that you may have
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in your account. So these are a percentage of the total investment or premium
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paid into a mutual fund, annuity, or life insurance contract. The percentage
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paid for this front end load is varies between investment companies, but it's typically
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around five percent, and there is a rule that it cannot be higher than
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eight eight point five percent per finer rules, which is good. And according
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to the Investment Company Institute, ninety one percent of all money invested in load
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funds in twenty twenty. Well, we're held in front end load funds,
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which which we do see in practice. Very interesting talking this morning with our
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retirement planning professionals from Class Financial, Nate Bribe and Malia Quavis. If you've
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got a question, we've got a phone line for you to get on the
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air this morning at six to eight three two one thirteen ten. That's three
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two one thirteen ten. Forget about Class financials website class financial dot com that's
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Klaas Financial dot com and they're telephone number six to eight four four two five
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six three seven no charge. Then init shi'll get to know your applotment deck
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lost financially it will be complimentary to you. And Nate, you mentioned there's
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three types of loads. You mentioned front endloads. Now I am not I
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am not the brightest ball always, but I've got a guess back end might
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be another one. Yep, there's a few more. And just to re
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iterate how important it is to really track what you're paying and fees. You
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know, if you just put some math to it, you know, you
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put one hundred thousand dollars in a front end load mutual fund that has a
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five percent you know fee, let's call it, only ninety five thousand right
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is going into the investment. So you know, if that's not disclosed to
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you or it's not always clear you get that first statement, you said,
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wait a minute, I put in one hundred thousand, there's only ninety five
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in there right, just being like we said, we need to slow down
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and be a wire and ask the right questions before we sign up for these
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accounts. But John is on the other end. You may have an account
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that has a back end load or a B share that has a c d
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SC charge, which is a contingent deferred sale charge, meaning that all your
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money would would potentially go into the fund. But if you redeem shares within
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a period of time five to seven years, there may be a fee to
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get the money out. So it could start it let's say five percent if
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you redeem shares within the first year, four percent you know, in year
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two, three and three and so forth on down until it's zero percent after
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five or seven years. So those are more common in like annuity products that
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we see, but a whereof so the last one are no load funds,
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which are more popular now with advisors who charge fees for their services instead of
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commission. So some of these fees. Just be aware do still charge at
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twelve B one fee once we'll get into in a second. That can also
9:46
compensate the representative. Fascinating stuff, really important information this week, as always
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from our retirement planning professionals from Claus Financial chatting this week with Malia Quavis and
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Nate Bribe. If you've got a question for Malia, Nate love to get
10:00
you on the air six O eight three two one thirteen ten. That's six
10:03
O eight three two one thirteen ten. We'll get you right on the show.
10:07
Don't forget. Can learn more about Class Financial on their website class financial
10:11
dot com. That's spelled klaas financial dot com. Great website to learn more
10:16
about the team at Class Financial. Also subscribe to the weekly market Paul's newsletter,
10:18
Listen back to this and previous shows podcasts as well. All at Class
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financial dot Com. Telephon number for the office right here in Madison six O
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eight four four two five six three seven. No charge for financial get to
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know you apployment at Claus Financial. It will be complementary to you. Again,
10:33
they're telephone number six O eight four four two five six three seven number
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to get down the air this morning six O eight three two one thirteen ten.
10:39
That's six O eight three two one thirteen ten. We'll talk a little
10:43
bit more about understanding fees with Nate and Malia and take your call next as
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Money in Motion with Class Financial continues here on thirteen ten. WIBA. This
10:56
is Money in Motion with Class Financial, a fun informative show designed to help
11:01
you get answers to all your retirement questions in one place. Phone lines are
11:07
open to you right now at six O eight three two one thirteen ten.
11:09
That's six O eight three two one thirteen ten. Gets you on the air
11:13
with Melia and Nate from Class Financial, our retirement planning professionals from Claus Financial,
11:18
Malia Quavis and Nate Berby again. The website Class Financial dot com.
11:22
That's Klaas Financial dot com. Great website and great resource. And the telephone
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number six O eight four four two five six three seven. Don't forget no
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charge for the financial gets no you appointment tech class financial, it will be
11:33
complimentary to you. Again the number six O eight four four, two,
11:35
five, six, three seven and three two one thirteen ten to get on
11:39
the air this morning talking about fees, and I think a lot of folks
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wonders. So let's say I'm working with a financial advisor, Malia, what
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type of fees am I likely to pay there? Yeah, so this is
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a great question, and I don't want people to miss. The point of
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the show today is really if you're investing money anywhere, there are associated fees.
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So sometimes they are more you know, transparent, and you can see
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them. Other times, you know, as Nate pointed out, with commission
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only, it's like kind of like who in that money is no longer in
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your account, So you've got to understand what has happened. So when we
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look at the three basic ways that advisors get paid, the first one would
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be commission only advisors, as Nate was discussing, where you are paying through
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a load, which we just explained. So that is one of the more
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common ways people have invested money over the last several decades, to be quite
12:35
honest. Then we have the next line item, which is fee only advisors.
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Now these situations are you're paying a fee for a service. You sit
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down, You're maybe just doing a financial plan. This could be on an
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hourly basis. It could be a project based situation. Like I said,
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a financial plan, you're basically told upfront what the fee is going to be
12:56
for that completed project. So just understand the distinction of each of these areas.
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The next one is fee based advisors. So these advisors may use a
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combination of methods. Your fee may show up as an assets under management fee
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or AUM as we call it, which is when your account is charged each
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year or each quarter as a percentage of how much money is being managed for
13:18
you. So an example this could be that if you have a certain amount
13:22
of assets under management, depending on your level, depending on the company you're
13:26
working with, you might have one percent or more of a charge on those
13:31
assets on a yearly basis. So essentially what happens here is the advisor and
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the client will basically have skin in the game, as we say, which
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means as your account makes more, there will be an increased dollar amount,
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but the percentage doesn't change. And in the situation of twenty twenty two,
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where most people saw a decline in their account balances across the board, across
13:58
the whole market, you would have noticed that your fees actually went down.
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So point being both the advisor and the client have the same you know,
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ultimate goal is is you want to make as much as possible within the risk
14:13
provided you know that that makes sense for the client. So for clarity,
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how does class financial get paid when we work with clients. We fall under
14:22
the fee based or fee only advisory model as a registered investment advisor. So
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that's important to understand. As Nate said, you want clarity. You want
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to know who you're paying, how you're paying, how often your pain and
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certainly ask about different points if you were to invest more, are their reductions
14:41
in those fees. Other fees to be aware of include expense ratios, and
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those are the fees that cover the annual fund operating expenses. So for example,
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you may see in a prospectus if you read those or your end statements
14:54
and expense ratio of one percent, which that what that typically means is that
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if you I, say a thousand dollars invested in your mutual fund, than
15:03
your cost in that one fund is essentially ten dollars a year So the fees
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that make up the expense ratio that includes management fees, those would be the
15:13
portfolio managers that oversee those funds, because as I said, everybody's getting paid.
15:18
Someone's getting paid. Distribution and service fees, which we call twelve B
15:22
one fees. Those handle the marketing costs, how much it takes to promote
15:28
the fund. Let me be clear, the ones that you hear about all
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the time in the media on national at a national level, there's a lot
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of twelve B one fees coming out of those invested funds because somebody is paying
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for the marketing and finally administrative fees and operating costs. So those would be
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salary managers, record keeping in research. So some funds are more expensive to
15:52
run than others. It depends how high or low that expense ratio is.
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Generally, mutual funds that invest in large companies will have expense ratios under one
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percent. Our funds at focus maybe on the smaller companies or international stocks.
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Sometimes we see expense ratios in the one point two five percent range. So
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you just want to understand what it is you're investing in, how much you're
16:15
paying. Talking this morning, without retirement fund professional. C. Chase,
16:19
CE Chase off. Why he's out of town? Why is it every warm
16:23
day? C. Jason, we're talking off. Yes, I'm talking with
16:29
Milliaquais in Nate Bribe this morning, I'll retirement plantic professionals from Claus Financial.
16:33
Learn more online Claus financial dot com. That's k l as Financial dot com.
16:40
And of course the telephone number six O eight four four two five six
16:42
thirty seven. That's four four two fifty six thirty seven. Oh charts.
16:47
Then I should get to know you blame me at Clause Financial. It will
16:48
be complimentary to you, Millia. Is there more to that area as far
16:52
as different types of fees people need to be aware of? Nope, that's
16:56
pretty much what I'm covering here. That's enough meet. Yes, except you
17:02
may have heard about robo advisors. We'll talk about that and just moments still
17:06
got full lines is open for you as well. Here at thirteen ten w
17:08
IBA delphin number six eight three two one thirteen ten. That's three two one
17:12
thirteen ten. More of Money in Motion next year on thirteen ten w IBA.
17:19
This is Money in Motion with Class Financial, a fun and informative show
17:25
designed to help you get answers to all your retirement questions in one place.
17:29
So got time for your question, your call up to get you on the
17:32
air this morning six eight three two one thirteen ten. That's three two one
17:34
thirteen ten. Chatting this week with Malia Quavis and Nate Briby our retirement flinning
17:38
professionals from Claus Financial. Learn more about Class Financial on their website class financial
17:44
dot com. That's Klaas Financial dot com. Great website there to learn more
17:48
about the team and their telephone number six to eight four four two five,
17:52
six three seven. Talking about fees this weekend, of course we all hear
17:57
about technology and like Rouble advisors, what about Roebo advisors and are there fees
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to be aware of their innate What about our retirement plans at work? Yep,
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yeah, so we set it before I'm going to say it again.
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There are fees in some way when you invest your money. Okay, you
18:17
know this is even true with Roebo advisors. So for those who are not
18:19
familiar with robot advisors, these really have gainstein probably the last ten years or
18:25
so. They're online investment platforms that invest with the help of technology and algorithms
18:32
to drive some models with very little to no human interaction. So typically if
18:37
you punch in, you'll they'll ask you'll fill out a questionnaire to collect some
18:41
information regarding your financial situation, degree of risk, you're willing to accept,
18:47
your future goals, and things like that. Then they'll use the data to
18:51
offer some limited advice and ask the allocation to invest your money. So with
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these limited services, Roilboard advisors do use the AUM fee structure that Malia talked
19:03
about a few minutes ago, and typically we see these providers charge anywhere from
19:08
point to five percent to point five percent, so twenty five bases points to
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fifty basis points is how we refer to that. In the industry, some
19:18
do have the option to layer on personalized human advice. What's do add an
19:22
additional layer of fees to get people up sometimes to one point five percent as
19:27
well. There. So, like I said, really, you know,
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the biggest thing that we're hitting on here is you know, ask your provider,
19:36
you know what services or advice am I getting for the you know,
19:38
for my fee? And I love when clients come in with these questions or
19:41
compare our feed gride around town because it's very easy for us to articulate our
19:47
our value proposition and any any firm that you work with should should be comfortable
19:51
doing that as well. So you know, am I getting regular scheduled meetings
19:53
with my advisor? Am I getting advice and other areas of my financial situation
19:59
or just having advice and investing my money? Am I getting personalized recommendations to
20:04
my situation and as my advisor coordinating their advice with other financial professionals such as
20:11
accountants and attorneys. So really understanding what you're paying things like that, And
20:15
like I said, I think the key point is that the fees to just
20:18
invest your money have come down drastically. It's really the higher fees we see
20:25
are for the level of advice that most clients are looking for, you know,
20:27
how much they should be saving when they can retire. Kind of all
20:30
those tough questions. That's when you you see through that one percent range.
20:37
Yeah, you think too of of you know, as under as we talk
20:40
this week about understanding those fees, and as somebody once said, you you
20:44
can't what does it say? You can't judge what you can't measure. You
20:48
can't manage what you can't measure. And as we talk about that's the that's
20:52
the quote there. So they talk about measuring and deciding value. Understanding what
20:56
fees are and what those charges are are really important in making an informed decision.
21:02
What about NATE when it comes to employer retirement accounts? What are some
21:06
of the details in that area. Yep, I mean there are fees associated
21:11
with these plans as well. You know, investors make educated decisions that The
21:17
Department of Labor introduced a fiduciary rule back in twenty twelve calling for four owen
21:22
K fees to be disclosed on statements. So this requires four owen K administrators
21:26
to always act in the best interest of plan participants, which is good and
21:30
it's funny when we say that to clients sometimes like, well, weren't they
21:33
ating my best interest? And that's unfortunately not always the case depending on where
21:38
and how you have your money investing. But the general idea with these rules
21:42
is to keep fees low, which is a good thing. So there are
21:47
investment related fees and four owen K plans and are generally charged as a percentage
21:52
of assets so the AUM model. In addition to those, there are plan
21:56
administration fees and individual service fees for taking out a loan or a hardship distribution
22:02
or some things like that that are kind of one off fees. Now,
22:06
some employers can choose to elect to cover some of these fees, but there's
22:10
certain fees they can't cover. So that's why there's always this in between citing
22:15
how much your plan charges and how much the employer covers and how much you,
22:18
as the participant in the plan pay out of your account. So according
22:25
to the Government Accountability Office, they found that about forty percent of four when
22:29
K participants don't fully understand the information given in the disclosures for the plan to
22:33
determine their fees. And I honestly think that's low. I think would guess
22:38
would be a little bit higher, but that's not surprising. The unfortunate thing
22:41
about our industry is we have a ton of disclosures and I really don't think
22:45
a lot of them help the client understand, you know, they're what they're
22:48
getting or what the costs are. But furthermore, sixty four percent are unaware
22:53
that they pay any fees in Therefore, when K plan, and I truly
22:57
believe that I remember years ago and obviously we've moved away from paper and now
23:02
it's all digital, But I remember with four oh one ks, you'd always
23:06
get like this. It was like a phone book full of like information,
23:08
and you'd like, and I got, and I know I'm not alone in
23:11
this. You'd you'd sit down at the at the kitchen table one night and
23:15
just page through this thing, and you want to talk about it. You
23:18
know, who needs who needs anything to help put you to sleep? Your
23:22
eyes are glossing over back about halfway through the first page, like, oh
23:26
my goodness, what is this stuff? So so Nate, Where where can
23:29
you find fees associated with your four o one K plan? Probably deep in
23:33
that manual, isn't it. Yeah, what Sean likes to read is called
23:36
the summary Plan description, and that has all the that's on his bookshelf.
23:42
You can go look for it, but that is the document pretty much.
23:48
There's a few others, but that has the summary of the plan. There
23:51
we go right that details you know, kind of the fees and service as
23:56
you're getting from the plan and things like that, investment options costs associated with
24:00
a different investments. So that's really the key word that you could ask from
24:04
your employer or the plan record keeper to really item out these fees, so
24:10
you know, you can look for labels such as total asset based fees,
24:12
totals or expense ratios that Malia mentioned earlier regarding the investments in your plan and
24:21
things like that. And unfortunately, you know, as Shane will tell you
24:23
that these these are technical terms, so you're you know, the layperson may
24:27
not fully understand them. But a fee is a fee at the end of
24:30
the day, and I think we can all understand that. Oh, we
24:33
sure do understand that part for sure. Talking this week with our retirement planning
24:37
professionals from Claus Financial, Nate Bribe and Malia Quavis. Learn more about Class
24:41
Financial on their website Class financial dot Com. Dolph for number six to eight
24:44
four four two five six three seven, no charge for the initial gets no
24:47
apployment at Class Financial, it will be complimentary to you again their number six
24:51
to eight four four two five six three seven on the website Class financial dot
24:56
com. That's Klaas Financial dot Com. Another fantastic feature you're of the website
25:00
is the opportunity to submit a question online to be answered right here on the
25:03
program and the Money in Motion listener question corner. And this week we did
25:08
get an email from Sydney with the following question says, I recently switch jobs
25:14
and now have access to an HSA health savings account. How much can I
25:18
put into it? And if I don't use it, do I lose it?
25:22
Yeah, that's a great question, and that's why everyone's fearful of putting
25:25
a dollar in some of these accounts. I know, I'm helping my adult
25:29
children do this and they're like, well, what if I don't use it,
25:30
mom, And I'm like, no, it's a good thing. It's
25:33
a good thing. So if you withdraw HSA funds, So let's be cleared
25:37
that we're talking to health savings accounts, not the flex savings accounts. So
25:41
if you withdraw HSA funds and you don't use them to pay for a qualified
25:45
medical expense in the future, you would pay income tax on that and a
25:52
penalty of twenty twenty percent. So point being is that what we see with
25:56
our clientele is you're going to use anything that's in the Health Savings account health
26:00
related at some point, so you don't need to worry about that. Unlike
26:04
the FSA, the Flex savings account, there is no use it or lose
26:10
it provision in the hsas. So if you have an HSA through an employer,
26:15
the money in the account is yours. You can take the balance when
26:18
you leave your job. You can roll it into an IRA account. That
26:22
that's a question that comes up. If they can be rolled into an IRA
26:26
account, they cannot be. And again, you want to be able to
26:30
use the funds tax free for medical related costs at any time, So i'd
26:34
encourage you to max out your HSA contributions if you have a plan. The
26:40
twenty twenty three limits for those accounts are three thousand, eight hundred and fifty
26:44
dollars for an individual or for a family seven thousand, seven hundred and fifty
26:48
dollars. If you're over fifty five, there's an additional thousand dollars you can
26:52
put in. And one thing that I always question is, well, if
26:56
my employers helping contribute to my HSA plan, does that account or not?
27:00
It does count. So you can't exceed that annual limit set by the i
27:04
RS. So why would you want to put money into an HSA because you're
27:08
going to lower your taxable wages for that year. Any dollars you put into
27:14
that and you get to use it for yourself so it's a win win.
27:17
I definitely would say, Sydney, you should take advantage of participating. Absolutely
27:22
fantastic question, Sidney, don't for you can do two can be like Sidney.
27:23
You can submit a question right at class Financial dot com. That's Klaas
27:27
Financial dot com. Learn more about the team as well at Class Financial and
27:32
their different divisions, and sign up for the weekly market Paul's newsletter all at
27:34
class Financial dot com. That's Klaas Financial dot com. They're telephone number six
27:40
O eight four four two five six three seven. No charge for that initial
27:44
gets to knowing you appointment tech Class Financial. It will be complimentary to you
27:48
again the number six O eight four four two five six three seven. Going
27:51
to hold on to that number as well because it's time now for the Class
27:53
Quiz question the week. It works like this and just a moment I'll ask
27:56
you the Class Quiz question. Week will then have thirty minutes from the end
27:59
today's broke having to call the Class Financial office right here in Madison at six
28:02
O eight four four two five six three seven. If you are the first
28:06
caller with the correct answer, win this week's prize, which is a twenty
28:08
five dollars gift card to Cabella's. This week's Class Quiz question week is this
28:14
is the following statement true or false. A load is a sales charge or
28:18
commission charged to an investor when buying or redeeming shares in a mutual fund.
28:25
True or false. Six O eight four four two five six three seven.
28:29
First call correct answer when the twenty five dollars gift card two Cabella's and again
28:33
that's Class Financial office their telephone number right here in Madison six eight four four
28:37
two five six three seven. Malia Natan, It is always fun chatting with
28:41
you guys. You enjoyed this most beautiful day. Thanks Sean, Thanks Sean.
28:44
News comes your way next right here on thirteen ten w IBA. This
28:52
is Money in Motion with Class Financial Asset Advisors, LLC, a registered investment
28:57
advisor registered with the SEC. The content of this show is for informational purposes
29:03
only and should not be considered individual investment advice. Class Financial does not offer
29:08
tax or legal advice. Any opinion offered during the course of this show is
29:14
the opinion of that particular investment advisor representative, and not necessarily the opinion of Class Financial