October 13, 2010
I believe that Rule 12b-1 provides fair compensation to financial advisors for providing middle-class Americans with critical support and guidance in planning to achieve important financial goals ranging from retirement, to college funding for children, to caring for aging parents. 12b-1 fees are an essential way of aligning the interests of the advisor with the interests of their fund shareholder clients. Continued service and advice on current investor accounts should provide compensation to the advisor for services rendered. Current 12-B fees hardley provide adequate compensation. Changes that could potentially reduce and/or eliminate this form of compensation would criple my carreer and industry.