No. of Recommendations: 2
I'm helping my SIL manage one of her retirement funds. I had her transfer everything to a online account and found every investment was in a front-loaded fund and I think the expense ratio for each was 1.5% or greater (who knows how much churn added). I sold everything and invested in various index funds with low expense ratios.

I created a portfolio of the old funds to compare my performance with the old broker. Last time I checked, it was up 5-10% over the old portfolio, so you can see how much active management sucked out of the portfolio, not to mention the broker taking 5% off the top with the loads.

She also has a 401k she wanted me to manage, but the fund it's invested in appears to be the best choice. I'm leery about moving it to a rollover IRA in case she needs to access it after she turns 55, as she has retired early.
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