Kenneth Lee

fair to say that the $28 billion in AUM is going to materialize in either client inflows or wrap inflows after the fourth quarter

Any updated outlook around overall G&A expenses there

Sounds like the distribution expense ratio outlook most likely would remain within that previous range you had articulated, that 66%, 67% range

It looks like there's some benefit from operating leverage that you saw in the quarter

the bank fees were probably a little bit lower than I would have expected

Fair to say that over time higher/elevated yields could translate into higher earnings over time