Operator: Good day, ladies and gentlemen and welcome to the LPL Investment Holdings First Quarter Earnings Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. As a reminder, today's conference call is being recorded.
I'd now like to turn the conference over to your host Mr. Trap Kloman, Senior Vice President of Investor Relations. Please go ahead.
Trap Kloman - VP, IR: Thank you, Ally. Good morning and welcome to the LPL Financial first quarter earnings conference call. On the call today is Mark Casady, our Chairman and Chief Executive Officer, who will be providing his perspective on our performance during the quarter. Following his remarks, Robert Moore, our Chief Financial Officer, will highlight drivers of our financial results. We will then open the call for questions.
Please note that we have posted a financial supplement on the Events section of the Investor Relations page on lpl.com. Before turning the call over to Mark, I would like to note that comments made during this conference call may incorporate certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This may include statements concerning such topics as earnings growth targets, operational plans, and other opportunities we foresee.
Underpinning these forward-looking statements are certain risks and uncertainties. We refer our listeners to the Safe Harbor disclosures contained in the earnings release and our latest SEC filings to appreciate those factors that may cause results to differ from those contemplated in such forward-looking statements. In addition, comments during this call will include certain non-GAAP financial measures governed by SEC Regulation G. For a reconciliation of these measures, please refer to our earnings press release.
With that, I'll turn the call over to Mark Casady.
Mark S. Casady - Chairman and CEO: Thanks, Trap, and thank you for joining today's call. I'm pleased to report that the first quarter of 2012 was a positive quarter for us and our advisors. The quarter was highlighted by record revenues and adjusted earnings as well as the achievement of a number of key milestones. Our differentiated model explains our successful advisors, which creates long-term growth and value to shareholders. We delivered adjusted earnings per share of $0.56, which represents 7.7% growth over the first quarter of 2011. This begins with the positive growth we experienced across our business, which was reflected by a 3.2% year-over-year growth in our top line revenue of $902 million. As always our financial performance was driven by the drive of our advisors and their dedication to consistently and productively engaging with their clients. This was evident when our management team had the opportunity this quarter to sit down with many of our leading advisors at our annual conference for top producers. These advisors are not just the top producing advisors at LPL, but also leaders in the industry, with diverse practices and unique background. The conference provided a dynamic educational setting for our advisors to share ideas for driving continued growth and managing the increasing complexity of their practices, while utilizing LPL's unique offerings and technology enhancements.