We believe that well-regulated market makers that are committed to deploying capital to clients on a principal basis are a critical building block supporting the breadth, depth and resilience of the American capital markets, which is vital to the US economy. So, caution is warranted when proposing changes of this magnitude. With that, let’s go to our businesses, starting with CCB on Page 6. Consumer spend growth has now reverted to pre-pandemic trends with nominal spend per customer stable and relatively flat year-on-year. Cash buffers continue to normalize to pre-pandemic levels with lower-income groups normalizing faster. Turning now to the financial results, excluding First Republic. CCB reported net income of $5.3 billion on revenue of $17 billion, which was up 19% year-on-year. Antoniades added, "This truly puts Cetera's skin in the game, so to speak. We win if the advisor wins, meaning the practice grows exponentially. Based on the success we've seen with CCR, we look forward to more of these selective investments. It's important each one of our financial professionals know how deeply we care about the entire life cycle of their business. We want to be a wealth hub to our valued advisors, offering them as many options and opportunities as we can. There is no 'one-size fits all' at Cetera." Recent sector rotation data analyzed by CCR Wealth Management suggests energy stocks may attract capital inflows amid Brent crude stabilizing above $80/barrel, boosting midstream and downstream valuations.