...Before we get started, I've been asked to direct your attention to important disclosures on the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative. Good morning, everyone, and welcome back to Morgan Stanley's Financials Conference. I'm Mike Cyprys, equity analyst covering brokers, asset managers and exchanges for Morgan Stanley Research. And welcome to our fireside chat with AllianceBernstein. And we're excited to have with us today, Ali Dibadj, AllianceBernstein's Chief Financial Officer and Head of Strategy. AllianceBernstein, as many of you know, is a leading global investment management firm that offers research and diversified investment services. The firm has about $730 billion of client assets under management today. Ali, welcome. Thanks for joining us. Ali Dibadj ...