Ben Budish

I am just curious if you could comment a little bit on what you are seeing regarding financial and strategic sponsor-backed M&A. What does that mean for the near-term pipeline?

One of the questions we get a lot on your investing strategy around data centers is how do we know we're not in the bubble

any color you could share in terms of what FRPR can or might look like over the -- at least the next couple of quarters would be helpful just for modeling purposes

I was wondering if you could give us an update. I realize there's a lot of moving parts wealth flows, realizations, what it means for earning AUM

I was wondering if you could talk a little bit more about the trajectory -- the potential trajectory for BIP, FRPR

Could you give an update on the legacy Ameritrade customer base?

It seems like from some of your other publicly traded peers, they're calling out a bit of a slowdown environment across the industry

Curious what the absolute number looks like relative to legacy Schwab blue, and also curious if you could maybe unpack some of the cross-sell comments

if you could give a little bit more color on the cadence of OpEx growth over the course of the year

just curious if there's anything else going on. Any other sort of like one-time items to think about