We are presently in a non-ira annutiy fund, American Skandia. The planner who suggested and got us invovled in the
fund has us using a "money management" firm that moves the monies between the 30+ mutual funds that comprise
AmSkandia. The money manager is extracting a 1.65% fee for their service. This is in addition to the annutiy fee and
the individual mutual fund fees. We have been involved for 3 1/2 years and have seen a return of 133% during that
time. In discussing with financial people, however, the general feeling is that we are crazy to be paying a 1.65% fee for
someone to move around money between funds that are already professionaly managed. One source went as far to say
that it appeared to be "gouging" and borderline illegal. The alternative would be to asset allocate and adjust on a as
needed, quarterly or annual basis. Presently, the money management firm is moving the monies on a weekly, sometimes
daily basis. Comments are welcome..I am a novice and would appreciate opinions! Thank you!

I would say run don't walk away from the deal BUT the guy is delivering the goods. As long as he is getting good results I would be inclined to stay, but not add new money. I think the approach is high risk.

Are you sure about the return? Is it after all fees?