<prompt> Human: So my mom has an IRA and broker account with a local firm. In the past I believe they charged her a 35 yearly fee for the IRA and only on trades with the broker account. She does not have them actively manage it for her. The broker is claiming due to new DOJ rules they are going to a fee based system of around 2 or 3. Seems to me he wants to actively manage her account so he can charge her a percent fee yearly. He is not giving her an option to leave the account as is anymore. His last email to her was Just remember, under what I am trying to is for you to see the fees. Which means we change the share class of your current funds, not change the fund, just the share class to a much cheaper expense structure, we then charge those outside, where you see it. The end result is the same as you have today.Any insight into this? I simply told her to transfer the account to fidelity or vanguard especially if its not a actively managed account to avoid the fees.  <response>: It sounds like she was paying a lot more than 35 in hidden fees she didnt understand. You have the right idea to transfer out. 