Nicole McIntosh-Russell | Waddell & Reed Financial, Inc. |
Philip James Sanders | Waddell & Reed Financial, Inc. |
Benjamin R. Clouse | Waddell & Reed Financial, Inc. |
Shawn M. Mihal | Waddell & Reed, Inc. |
Amy Scupham | Ivy Distributor, Inc. |
John Dunn | Evercore Group LLC |
Daniel Thomas Fannon | Jefferies LLC |
Robert Lee | Keefe, Bruyette & Woods, Inc. |
Brian Wu | Citigroup Global Markets, Inc. |
Patrick Davitt | Autonomous Research US LP |
Michael Carrier | Bank of America Merrill Lynch |
Kenneth S. Lee | RBC Capital Markets LLC |
Michael J. Cyprys | Morgan Stanley & Co. LLC |
Macrae Sykes | Gabelli & Company |
Good morning everyone and welcome to Waddell Reed's Second Quarter 2018 Earnings Conference Call. All participants will be in a listen-only mode. After today's presentation there will be an opportunity to ask questions. Please also note today's event is being recorded. At this time I'd like to turn the conference call over to Ms.