Subject: File No. S7-15-10
From: Ed Fredericks

August 26, 2010

With all due respect this is much ado about nothing. Based on client meetings, some clients choose A shares, others choose C shares. Both groups are well-served according to their objectives and my advisory relationship with each. Investors who seek the council of an advisor understand the financial dynamics of the relationship. That's why do-it-yourselfers are not clients.

Ed Fredericks
Reg. Rep.
180 Glastonbury Blvd
Suite 104
Glastonbury CT 06033