Deals like this allow both sides to focus on their core strengths, while having a more diversified presence through each other’s products and offerings. I fully expect more activity in deals like this as we...

It would help to diversify both of their distribution channels as well as the product offering for both companies.

In terms of diversity and geography, it’s very similar to the new Legg Mason.

The swap in principle is well-founded, but as it currently stands, some of the other processors represent higher-growth opportunities.

They’re in the middle of a very solid time period right now. It’s all good.