<prompt> Human: I just spoke with our companys broker since the fund in which my SIMPLE IRA is invested FTGTX has a very high expense ratio 2.09, and I was curious if I was allowed to switch to a less expensive fund.Somewhat reluctantly, the broker told me that I would technically be able to invest in nearly any fund offered by Franklin Templeton, but that expenses help pay for his salary because my company a small non-profit does not pay a fee for his services, and that he believes people get too wrapped up in thinking expense ratios are the most important thing.I have read many times that a managed fund is unlikely to beat the market, and that I should try to invest in a low cost ETF or similar, because fees and compound interest mean significantly less income over the life of an investment. Im tempted to tell the broker Im sorry it would cut into your salary, but it cuts into my income more, but Im worried about it hurting the relationship between the broker and my company, and it is true that fees helped pay for the rather lengthy phone call I made to him in the first place!Im also curious why he chose to purchase FTGTX when FGTIX seems to be the same fund, except Class A. Couldnt he have purchased FGTIX? They both seem to have the same minimum investment. Did he choose the C Class fund only because Franklin Templeton gives him a bigger cut, or are there other reasons he might have chosen it? Just looking for some advice. Thanks, all!tl;dr - Broker told me that expense ratio pays for his salary and is trying to encourage me to focus on other things. What do?EDIT: Thanks for the advice, everyone. I had a feeling I shouldnt be swayed by what he was saying, but I guess I needed someone with knowledge of investing to back me up. Looks like I need to do some more research and just tell him what I want.  <response>: but that expenses help pay for his salary because my company a small non-profit does not pay a fee for his servicesDo you want to save for your retirement or his? 