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July 26, 2012 10:00 am ET
Richard Mac Coy Weil - Chief Executive Officer, Director and Chairman of the Executive Committee
Bruce Lewis Koepfgen - Chief Financial Officer, Executive Vice President and Member of Executive Committee
Daniel Thomas Fannon - Jefferies & Company, Inc., Research Division
Michael Carrier - Deutsche Bank AG, Research Division
Michael S. Kim - Sandler O'Neill + Partners, L.P., Research Division
William R. Katz - Citigroup Inc, Research Division
Kenneth B. Worthington - JP Morgan Chase & Co, Research Division
Marc S. Irizarry - Goldman Sachs Group Inc., Research Division
Cynthia Mayer - BofA Merrill Lynch, Research Division
Roger A. Freeman - Barclays Capital, Research Division
Craig Siegenthaler - Crédit Suisse AG, Research Division
Robert Lee - Keefe, Bruyette, & Woods, Inc., Research Division
Good morning. My name is Andrea, and I will be your conference facilitator today. I would like to welcome everyone to the Janus Capital Group's Second Quarter 2012 Earnings Conference Call. [Operator Instructions] .
Before the company begins, I would like to reference their standard legal disclaimer, which also accompanies the full slide presentation located in the Investor Relations area of janus.com. Statements made in the presentation today may contain forward-looking information about management's plans, projections, expectations, strategic objectives, business prospects, anticipated financial results, anticipated results of litigation and regulatory proceedings and other similar matters. A variety of factors, many of which are beyond the company's control, affect the operations, performance, business strategy and results of Janus, and could cause actual results and experiences to differ materially from the expectations and objectives expressed in their statements. These factors include, but are not limited to, the factors described in Janus' reports filed with the SEC, which are available on their website, www.janus.com, and on the SEC's website, www.sec.gov. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Janus does not undertake to update such statements to reflect the impact of circumstances or events that arise after the date these statements were made. Investors should, however, consult any further disclosures Janus may make in its reports filed with the SEC.