Subject: File No. 4-606
From: Kent C Saemann
Affiliation: Northwestern Mutual Financial Representative

August 25, 2010

In this day and age of protecting the rights of consumers I can appreciate the intent of the new Fiduciary Standards for financial representives. I do feel, however, that it places an undo burden for professionals such as myself in both time and expense to be able to service many of my clients. I've have made a practice of helping almost everyone and to be frank the person with a smaller amount of assets will become a losing proposition as the margins already are very narrow. If it is your intent to be helping more people I believe the extra regulations will actually harm more people in the long run in them not being able to get sound advice.

Kent C. Saemann
Financial Representative
Northwestern Mutual Financial Network