Subject: File No. S7-25-99
From: Bradley J. Henthorn, CFP
Affiliation: VP, Henthorn

August 23, 2004

To exempt the broker dealer community from 1940 investment advisors act as it relates to fee based programs is not in the publics best interest. Why allow these large entities who will diffinately reach the largest percentace of consumers be exempt? I urge you to withdrawl this legislation and level the playing field for consumers.