How Morgan Stanley Deals With Innovation and Disruption

How do you deal with innovation and disruption from the outside? How do you make sure you're not disrupted? I think there's a ton of different ways that we do that. One is where we have or we identify a capability of technology and innovation that maybe we don't have. And so we may collaborate with a third party or an agency or partner with them versus an acquisition. In other instances, it's about education, training, upscaling, upskilling our own marketers and our own employees.