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