Phil Sanders | Chief Executive Officer |
Ben Clouse | Chief Financial Officer |
Brent Bloss | Chief Operating Officer |
Shawn Mihal | President of Retail Broker-Dealer, Waddell & Reed, Inc. |
Amy Scupham | President of Ivy Distributors Inc. |
Mike Daley | Vice President, Corporate Controller & Investor Relations |
Craig Siegenthaler | Credit Suisse |
Glenn Schorr | Evercore ISI |
Bill Katz | Citigroup |
Kenneth Lee | RBC Capital Markets |
Robert Lee | KBW |
Michael Cyprys | Morgan Stanley |
Michael Carrier | Bank of America Merrill Lynch |
Macrae Sykes | G. Research |
Good morning and welcome to the Waddell & Reed Financial, Fourth Quarter 2018 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Mike Daley, Vice President, Corporate Controller & Investor Relations.