Subject: File No.
From: Norman E Mc Carthy, CLU, ChFC
Affiliation: FSP

October 27, 2010

Dear Sir or Madame

Please do not put the investor in a position in which he/she has to make the choice between a ongoing advise and consent relationship with their advisor and getting a lower price on their "service fee". My office just barely makes it now on the limited 12b1 service fees we get for clients. The cost of good help continuing increase in taxes and overhead makes our consultation time just about a breakeven proposition. I'm all for oversight and regulation but if there is no profit left at the end of the day you may incentivise advisors to perhaps sell unneeded product or "churn" their way to a profit. Thanks for you attention to my comments.