shawn mcninch advises them on that shift. firm has $4.5 trillion under assets in custody and administration. we will get your advice on what active need to get to to get into the etf world. i want to get your thoughts on the highflying pot focused etf in the u.s.. mj changed its custodian to when bush, a newbie in the space. what does this mean, does that raise any red flags? >> i cannot speak to what the motives were. when we look at looking at etf sponsors as well as what product we want to support, a lot of considerations. we need to look at some of the legal ramifications in the regulatory process. this is a unique situation. it is not legal from a federal perspective, but in certain states, marijuana is legal. when you are launching a product that goes cross jurisdiction , there is uncertainty as to how the federal regulators would take any action on these types of products. that is definitely a consideration for us as we look at which sponsors, products we want to support, as well as some of the brand considerations. sc