Bill Gerber: It''s very competitive rates. It is probably in the 150 range. But we think it is a very good rate. It is tiered and so that probably would be the higher end of the range of what people would be getting, but this is something we look at very much on the basis of the competitive nature of the business.

Michael Hecht (Banc of America Securities): On investment product fee revenues, you have the realization rate there picking up 5.5%. On top of good asset growth, it seems like you''re baking in higher fees. What''s driving that?

Bill Gerber: It''s basically more of the good stuff. We''re getting traction in the Advisor Direct and the Amerivest products and we are expecting that to continue. We have seen that consistently grow since the salesforce got in, so it''s something that we are expecting to grow and we''ll adjust the rate a little bit.

Michael Hecht (Banc of America Securities): On the expense side, it looks like you''ve got add spend going up 5% or 6% again at the midpoint. What account growth do you think that''s going to drive and do you see your average add spend per new account rising next year?

Bill Gerber: It is something we have always targeted about $300 as being the tolerable level. If you put that into your model, you''re going to come close to what we would expect on cost per account.

Michael Hecht (Banc of America Securities): It seems like within the guidance you''re baking in a benign environment. Is it basically saying you don''t see pricing as a tool that you need to stimulate growth here?

Joe Moglia: Pricing is absolutely a part of it. We believe pricing is very important. But it''s absolutely only one of the components of what you ultimately offer the client base. Most of the time when a client goes, it''s not because it''s $1 cheaper someplace else, it''s because they become dissatisfied or they feel you let them down for whatever reason. Hence it is part price, it is part products and offering service. That whole thing across the entire board, you''ve got to look at the entire client experience.