To those considering the elimination of the 12b-1 because it is an onerous costly means of stripping value from an otherwise prudent investment vehicle

Please don't.It makes little sense and is significantly more window dressing than substance.I meet with my investment clients at least annually and the 12b-1 is a small means of compensating our office for the service we provide.If you view the work of advisors and registered representatives as superfluous and unecessary that is another issue(and one I would take issue with-I believe there is research and data to support the value of personal advisors over 800 #-/internet "consultants).I'm not convinced this is smart and ,in the long run,a financially sound action for the American investor.Full disclosure and an open and competitive marketplace serves all of us best.Thanks.

David J. Moffett, CLU, ChFC
Financial Representative
204 5th St NW, PO Box 1117, Bemidji, MN 56619
218-751-1190, 218-444-3530 (Fax) david.moffett@nmfn.com

Northwestern Mutual Financial Network is the marketing name for the sales and distribution arm of The Northwestern Mutual Life Insurance Company and its subsidiaries and affiliates. Agent, The Northwestern Mutual Life Insurance Company (Northwestern Mutual), Milwaukee, WI, life insurance, annuities and disability income insurance, Patrick K. Gores, General Agent. Northwestern Long Term Care Insurance Company (NLTC), Milwaukee, WI, long-term care insurance. NLTC is a subsidiary of Northwestern Mutual. Registered Representative, Northwestern Mutual Investment Services, LLC, (NMIS) (PO Box 9378, Fargo, ND 58106-9378, 701-232-7175, variable life insurance and variable annuities. NMIS is a wholly-owned company of Northwestern Mutual and is a member of the NASD and SIPC. Northwestern Mutual is not a broker-dealer. There may be instances when this agent represents insurance companies in addition to Northwestern Mutual or NLTC.

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