Subject: File No. S7-25-99
From: Vicki G McGrew, CFP
Affiliation: Financial Planning Association

August 25, 2004

-Please withdraw the rule proposal to exempt broker-dealers
from the Investment Advisor Act of 1940 when offering
fee-based brokerage programs. It is not fair to financial
planners and the general public to have different rules
for different financial service providers who provide
financial planning services. The Consumer Federation of
America and AARP are opposed to this rule.