Subject: Comments s7-09-09 (sn# 281)

July 1, 2009

SEC’s Proposed Changes to the Custody Rule
Release No. IA-2876
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We are very well regulated by our firm Ameriprise Financial Services. Their desire is to help our clients meet their financial planning goals
in a safe and secure manor. Since 1894 we have been helping people achieve their goals and financial dreams. We are small business owners of our practices. This legislation would drive many reputable and honest people out of the Financial Planning Business. I have been in practice since 1985. For me to have to be told I need to have an independent audit once a year would Bankrupt my practice. I ask that you please reconsider this legislation.


Eugene J. Kostrewa, CFP®, ChFC®
Senior Financial Advisor
An Ameriprise Platinum Financial Services® practice
Ameriprise Financial

Kostrewa & Associates
A financial advisory practice of
Ameriprise Financial Services, Inc.