<prompt> Human: The guy Ive been using to manage my IRAs, and some 529s for the kids, now wants to put me into this new plan. Instead of getting 12b1 fees, he now wants me to pay him 1.05 annually to manage my IRAs. What I get for that seems to be slightly more than a roboadvisor would offer. I also get to buy institutional class shares, which have lower costs. Overall, my total cost will increase by about .3 annually under this new plan. I guess what Im wondering is, whether its worth the cost. Hes going to be picking funds for me, and rebalancing if necessary, but a robo advisor would do that. I can get a roboadvisor for .4, and theyre going to use ETFs and very low cost funds.In the end, it looks like the funds this guy is suggesting have been outperforming their benchmarks by 1-2 beyond their fees. The ETFs or index funds on the same benchmarks are way cheaper, but they perform at benchmark.I guess my real concern is, Im not sure Im getting the value from that 1.05 fee. I dont really require hand-holding, or someone to keep me from making the big mistakes with my investments. Im pretty passive. I also dont have debt, and dont have a problem managing my own cashflow. So Im not sure Id get anything other than what a roboadvisor would do for me. Is there a reason to stick with this guy? Or should I just switch to a roboadvisor?Thanks.  <response>: So the guy is basically saying he was giving biased advice in the past to earn himself more money, and now wants to charge 1 to give better advice. Dump him. Dump him immediately. 