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Charlotte, NC Houston, TX Pittsburgh, PA Portland, OR Family Office Exchange Houston Roundtable Open Architecture: The Question or the Answer? Roy W. Nichol Managing DirectorMay 2006 Will the real open architecture firms please stand up? “Pure” open architecture: No product, no revenue from anything other than client fees “Semi-closed” architecture: Sharing manager fees; internal products with some outside managers “Closed” architecture: Internal products only There is no agreement about the definition of open architecture The Open Architecture Spectrum FOX Will the real open