In order to capitalize on these favorable market dynamics, we completed the transformational acquisition of Securities America in 2011. We are glad to report that it has been a seamless transition for Securities America into the Ladenburg family.After announcing the transaction in August and closing the deal in November of last year, we are especially pleased with our success in retaining an extremely high percentage of advisors at Securities America. With Securities America’s “best in breed” independent broker-dealer platform and service-focused culture, we significantly increased our market share and further established our leadership position in this appealing market. Importantly, Securities America has continued to operate on an independent basis under the leadership of Jim Nagengast and his talented team; a formula that has worked well for us with our prior acquisitions of Triad Advisors and Investacorp, which have also continued to grow and perform very well under the strong leadership of Mark Mettelman and Patrick Farrell. We have continued to enhance all three firms by making investments in technology and practice management tools, adding capabilities in the asset management area, and broadening access to capital markets products, proprietary institutional equity research and trust services. Looking forward, we are excited about the opportunities to continue to drive strong growth at all of our independent brokerage firms, both organically and through disciplined strategic acquisitions. Investment Banking Business Ladenburg Thalmann & Co. Inc. remains focused on advising clients in middle-market investment banking, with significant experience and a unique understanding of the challenges companies and institutions face when building their businesses. Our team consists of investment bankers based in New York and Miami, equity research analysts covering over 160 public companies, and institutional salespeople covering investors both in the U.S. and around the world, among others. Areas of focus for our equity research analysts and investment bankers span a number of industries and product areas, including yield-based equities, energy, power and utilities, technology and healthcare. With key new hires this year in the energy and healthcare sectors, we have bolstered our capabilities in those fast-growing spaces where we have long had significant expertise.