Our clients are playing back for us the benefits of our strategy, and it is translating to significant activity in our platform and increased consolidation of their business with us. For more than the past 20 years, Envestnet has been creating long-term value for stakeholders by allocating capital to enable market position and growth, driving industry innovation, creating scale and building sustainable competitive advantage. That's why we increased our investments two years ago, and it is paying off, both in the deepening market position we have, but is importantly in the operating leverage we're creating to drive sustained profitability growth. While at the same time, we're managing costs as we historically have during both good markets and difficult market periods.