October 27, 2010
To Whom It May Concern,
I would like to submit to you that I am in favor of parts of the proposed changes to the 12b1 fee rules, but I am also strongly opposed to any change that would allow broker dealers to set their own fees or other charges. This change would only hurt the smaller investor by eliminating the needed advice of professionals in the securities business. A 25 basis point fee is very small when compared with what most advisors are doing these days with regard to "fee based" planning and advice. Please do not make a change that will have such a profoundly negative affect on smaller investors.
Thank you,
Scott A. Vanderstraeten, LUTCF
President
SAVAN Insurance & Financial Services, Inc. &
Annuity & Long Term Care Insurance Services
of the Bay Area
3135 Clayton Road, Suite 205
Concord, CA 94519