No. of Recommendations: 0
We have invested money for years with a large brokerage firm. Usually, dollar cost averaging and mutual funds that are A—paid up front fees--- that they selected.

Now our agent recommends converting our entire portfolio into an advisory fund with multiple investment choices. A 1.35% “advisory fee” and “discounted fees” for multiple investment choices.

Nothing is wrong with the mutual funds. They are rated highly.

Isn’t this churning or something like it?

We need an advisor. What would you do?

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