Subject: File Number S7-09-09

July 22, 2009

Ladies and Gentlemen:

Regarding the proposed rule to require audits for investment advisers who deduct fees from their clients' account, please reject this proposal. I believe it would place an unfair financial burden on small advisory firms like mine with limited financial resources.

Thank you,

Peter M. Kult

Peter M. Kult, CPA, CFP
Kult Wealth Management Group, LLC