<prompt> Human: A little more detail. We have a financial planner that is suggesting we open a brokerage investment account. So far nobody has been able to tell me if the 5 investment fee .6 internal fee is a good or bad deal. Any info is welcome.Assistant: Thats awful. A Vanguard Target Date Retirement funds average .13. A fee of .6 is high. 5 on top of that what is this a load fee? is just awful.Human: Its so odd. Our planner says this is industry standard for this type of account. Maybe because the investments are managed by her as opposed to a place like Vanguard?  <response>: It isnt uncommon to see load fees like that from financial planners from what Ive seen on here. The industry standard is to take a fat cut. That doesnt mean you need to pay it though. Set up a 3 fund portfolio with passive index funds at Vanguard, Schwab, or Fidelity. That is even cheaper than the Vanguard Target Date funds which are still a great option to just invest and never think about it. 