Rick Wurster

Well, we've been innovating at a very fast rate.

2025 was all about how do we meet the wealth, lending, active trading needs of our clients.

And we had significant innovations in every one of those areas.

We went to 24 by 5 trading for active traders.

We continue to make our mobile app even stronger for those that want to actively trade and do so via the mobile app.

For our wealth clients, we launched new tax, trust, and estate capabilities, including an investment we made in Wealth.com to bring trust capabilities directly to our clients.

We launched a series of new capabilities for our advisor clients, and in particular, really leaned into innovations around making it easier for them to work with us.

All of those are things that we think are far more impactful to our clients' ability to grow their wealth than prediction markets.

And when we go out and survey our clients about what they want from us, prediction markets is low on the list.

So it's something we are actively looking at.

I think at some point in the future, we will have true prediction markets at some point.

But it's just not high on our innovation list because we're firmly focused on those innovations that are going to have the most impact on our clients' wealth.

Yeah, I think you go back to the 80s when I believe it was KKR that did the first leveraged buyout.

Institutions have been benefiting from the diversification and the return enhancement from alternatives investments.

And in the past decades or multiple decades, the really wealthy have also been able to participate in those return and diversification benefits.

But the everyday retail investor has not been able to.

And our Forge acquisition was really about democratizing investments and alternatives.

We're now going to be able to bring it to all of our investors in multiple different forms and allow them to participate in private markets the way institutions and the very wealthy have been able to.

And we're thrilled to bridge that gap and excited for what that could mean for our clients' wealth.

Yeah, I don't think any of that surprises us.