We will be extremely disciplined in expense management and resource allocation while ensuring that we are meeting the needs of our clients and positioning the firm for long-term growth.

Jan 24, 2023 / CFO / receipt, needs a key / Alison Dukes, CFO | earnings call 2023-01-24 | transcript 5d496085-c0ef-4b19-acc1-70071a9e92cd | chars 20803-20988 | segment 20

75% of the decline in yield was largely driven by the growth in our non-fee QQQQs. outside of this the fee rate declined modestly due to other mix shifts we experienced across products in the quarter total adjusted operating expenses increased 1.7 percent in q3 against a 5.6 increase 5.6 increase in revenue creating positive operating leverage the 11 million increase in operating expenses is driven by higher compensation as a result of strong market growth in the quarter Operating expenses continue to be lower than historic activity levels due to pandemic-driven impact to discretionary spending, travel, and other business operations.

Oct 12, 2020 / CFO / receipt, needs a key / Alison Dukes, CFO | earnings call 2020-10-12 | transcript a00d8805-4a73-46ef-b195-674b50aa5532 | chars 11377-12018 | segment 11