billion in its fee-based accounts nearly a 40% increase since june of last year joining us now is paul reilly, raymond james ceo. paul, thanks for being here. >> great to be here again. >> the robinhood ipo is happening. what do you think today says about the retail investor and your record quarter? what does that say about the desire to have asset management and i guess inform people manage your money >> it's a broad market i've been fan of the retail apps that allow investors to follow stocks because a lot of times they have young investors getting in is great. if you look at the robinhood model, about $4,500 per account, it's much more leveraged that includes crypto if you look at our average account $1.1 trillion and only 3.5 million accounts, so over 300,000 in assets per account and it's a long-term investing account. almost everyone in our system is there for the expertise, the financial planning and the long-term goals and many of the other apps are in for more short term you can see that in the sales and how quick they come in and out of assets. our clients are much more long term tr