The Inflection Point in Private Investment Platform Development

Do you think we've reached some type of inflection point in this type of private investment platform development over the past year? Are we still in the very beginning stages? There's a lot of noise in the market and the media about it. But where are we, do you think, on this journey? Well, I'd like to think that we are the inflection point. So we're obviously seeing a lot of interest. Last year, given the shocking underperformance of the traditional 6040 portfolio, that really pushed many RIA's, many wealth managers who'd been reluctantly looking at the space to say, look, we've just got to take it seriously. That itself was an