Nicole Russell | Head of Investor Relations |
Phil Sanders | Chief Executive Officer and Chief Investment Officer |
Brent Bloss | Senior Vice President, Chief Financial Officer and Treasurer |
Shawn Mihal | Head of Broker/Dealer |
Nikki Newton | Head of Sales Distributions and Product Development Efforts |
Ben Clouse | Chief Accounting Officer |
Chris Shutler | William Blair |
Craig Siegenthaler | Credit Suisse |
Daniel Fannon | Jefferies |
Glenn Schorr | Evercore ISI |
Bill Katz | Citi |
Patrick David | Autonomous Research |
Kenneth Lee | RBC Capital Markets |
Michael Carrier | Bank of America Merrill Lynch |
Robert Lee | KBW |
Mac Sykes | Gabelli & Company |
Good morning, and welcome to the Waddell & Reed's Fourth Quarter 2017 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Nicole Russell, Head of Investor Relations.