“And so it's not for another two years where I would say the firm will be reasonably mature in the model.”

In context

“tion, you know, dynamic innovation, having an entrepreneurial spirit within their own businesses, it gives me a great sense of pride to actually see it day in, day out. And while your question led with the cost reduction, we really think about it internally about running the company better and creating capacity. And we either deploy that capacity into new investments, new opportunities, or we let it flow through to positive operating leverage. And you can see in Q2 of this year, we kind of gave the market 500 basis points of positive operating leverage. And the platform operating model was a contributor to that. So with fifty percent of the firm in the model and ten percent in it about fifteen months, I would expect the maturity of this to kind of give us a benefit for the next few years. And so it's not for another two years where I would say the firm will be reasonably mature in the model. And it's creating its own flywheel of momentum and innovation. And when you overlay that with the maturity of the commercial model and you overlay that again with what Caroline is doing on the product side, you're going to see the North Star of positive operating leverage be delivered for the foreseeable future. So I'd like, it's all about running the company better, and I don't talk internally about expenses or cost reduction. Brian Bedell: Yep. Okay. And then that's great. And then maybe just also on the following question on the platform's operating model. As you think about M&A, maybe just your thoughts around how much the operating model, you know, the platforms operating model, you know, kind of informs your decision about what type of M&A to do? Is it a major or a primary factor in”