Maybe you could start by just setting out those three different options for advisors and the pros and cons of each, and then we can drill into the EOT side.

Yeah, of course.

So for me, I think it's possibly might describe it as four, but there's consolidator PE, probably the fastest route to cash, of course, comes with great cost, change of control, culture, usually the client experience, often the fee level.

Personally, I am yet to see a consolidation that has worked well for both team and client.

So I know there are consolidators out there standing on stages saying that theirs are working really well.

You know, speaking to the people I've spoken to, I am yet to see it.

And that's both from clients arriving at our door, having come from poor consolidation, and from people working in those businesses that are then speaking to us.

How is the increased demand for trust changing how advisors should be thinking about corporate and lay trustees?

So please do tell us what.

I was actually driving my car listening to an episode of Trap and I was just sitting in the car getting more and more angry going let me speak I want to get on this I want to speak I want to say something this is wrong because of course the guys were saying the obvious which is that clearly all about service levels and obviously having one service level and leading with one service and all the good reasons why it would be a very good thing to do that and of course for lots of people there is a very good reason to do that But equally, there's lots of good reasons to do something completely different.

So I wanted to sort of give that different perspective.

So let's start by saying, and I always start this conversation the same, I want to be absolutely clear in that we lead with full-blown, independent lifestyle financial planning, full cash flow, all expenditure, very based on future assumptions.

That is what we lead with.

That is what we think is right for the vast majority of people.

However, we know it doesn't suit all, and we can give many examples.

And then we're going to come in with some comments and so forth and just interrogate you on it.