“But as we have disclosed before, we are not expecting this to drop much to the bottom line over the course of the next couple of years.”

In context

“nd as we have really listened to our customers on that point, we decided that there was a great opportunity for us to help solve some of those problems. And so collecting the various different capabilities focusing on the data and the smooth movement of data across those various capabilities we saw that as an opportunity to really deliver something new and incremental to our customer base. And we have tried to speed our way, along that we hired, as you know, Ainslie Simmonds to run that for us. She has recently completed the rounding out of her top leadership team. We tried to speed our way to market with the acquisition of a direct indexing capability in the fourth quarter, Optimal Asset Management. That was an example of a bolt-on capability that we think can just help us to accelerate. But as we have disclosed before, we are not expecting this to drop much to the bottom line over the course of the next couple of years. This is an investment in positioning Pershing and the aggregate wealth management platform services platform for the future. And so this is an investment in the medium to long-term, we think it’s important our customers very much want it, and we are excited for it. Ryan Kenny: Thanks. Operator: We will now take our next question from Brian Bedell from Deutsche Bank. Please go ahead. Brian Bedell: Hello. Hi, can you hear me? Todd Gibbons: Hi Brian. Brian Bedell: Great. Well, first of all, congrats again, Todd and Robin. And Robin looking forward to working with you. The first question is just on the short-term second quarter outlook. I know Emily, you gave the outlook for the full year. Maybe just to focus a little bit on the pace coming into the second quarter on the recruitment of fee wa”