Rick Wurster

And they should have it as part of their portfolio.

For some investors, it's what they want to invest in.

Well, you're a great private company.

There's lots of great private companies in our country that have been really well.

I think retail investors should be exposed to private opportunities.

We would like to bring it to market in three ways.

Number one, we provide access to retail clients to great alternatives managers in private equity, private credit, venture capital, a lot of the names that you're familiar with.

Second thing is I think at the right time,

We would love to be able to offer passive exposure in a fund-like structure to private markets.

Just like in public markets today, you can go buy the S&P 500 index fund and get broad representation of stocks.

You should be able to do that in private markets.

We'd love to play a role in that in the future.

And then third, like you can buy individual stocks if you don't want either the active management or the passive exposure to the broad market,

I think that marketplace for single security private companies should expand over time.

And so those are the three ways we envision the market expanding, and we want to play a role in all three.

Markets have thrived through all types of administrations and changes in presidents and changes in the Senate and House and all of that.

And so our message to clients is stay diversified and be invested and stay invested and have a plan for your financial life.

And if you do those things, they'll navigate different ups and downs associated with different administrations.

And that's our counsel to clients.

Always love seeing you here.