You've seen what Morgan Stanley, Dean Witter, American Capital, et. You know perfectly well Goldman Sachs is going to try to grow in the fund business. You're going to have continuing buyouts, people trying to establish themselves in the business or grow larger, and the competition is going to be fierce. You have to have control and access to distribution. You're going to have to have top systems capability.
People have to have access to their accounts, access to orders, and access to information.
Much of this will be done through the Internet. The next thing is continuing expansion of your name in the business. Performance is always part of the game. Nobody can be number one. What you have to do is be in the top third.