<prompt> Human: Ive finally met with a financial counselor that I met through a friend, and the long and the short of it is that we discussed different funds I can put my money into, and we finally came to a conclusion that Id use American Funds part A. He said that of this, his fees are:5.75 on the front end0.25 management fee on the back endIm planning to max it out, so my fees are essentially 315year on the front end and 0.25 of whatever I have on the back end for him to manage it. It seems like the break-even point for his fees are 125k, where the 315 Ill pay him per year would be roughly equivalent to a 0.25 maintenance fee, so when I hit that point Ill essentially be paying 0.5 in maintenance fees, and every year after that itll go down a little bit.A lot of what Ive read is that you guys suggest Vanguard whom Ive also looked into, but what am I actually getting whenif I sign up with this guy? Is this a wise decision?EDIT: Thanks a lot guys, I really appreciate the help. Im just getting started and Im pretty late to the game Im 27 and just now investing, but luckily I can still back-invest is that a term? for 2013, so your reassurance means a lot.Assistant: Is your friend getting a kickback? we finally came to a conclusion that Id use American FundsWho is we in this situation? what am I actually getting whenif I sign up with this guy?94 of your money being invested?Honestly, a FidelityVanguardSchwab account is incredibly easy to manage and with just a little reading, building a simple 3-4 fund portfolio from any of them is easily achieved.Human: Thanks a lot for your reply, I appreciate it.My friend is not getting a kickback, as far as I understand. Shes a very build a business through referrals type person, and typically deals with other people who appreciate referrals, so maybe thats the kickback? Theres no money exchanged as far as I know.for we I just meant me and the adviser.I filled out some paperwork but havent put any money out there, I had planned to contact other companies but now Im pretty sure Ill just go with Vanguard or another similar one.  <response>: Your adviser is a commissioned salesman. 