The United States is home to the biggest number of millionaires, with around seven million households owning more than $1 million in investable assets.
We're not the only people in the industry saying that the industry is being held up by slow policymaking turning into tangible, long-term investable propositions.
So by mapping out an area and giving it a boundary and giving it a stronger identity, it becomes investable for people because they can relate to it through its name, through its identity.
But underneath what you're saying, Brooke, it seems to be the real picture when push comes to shove is the finance regulators will regulate whatever the general public has concluded as an investable asset.