<prompt> Human: This may seem like a silly question, but after realizing 1 is a lot for a financial adviser when I am online account management and financially competent, how do I end this agreement professionally? I really appreciate the questions he has answered for me thus far, but I feel like if I am not consistently getting assistance or advice its not worth.What happens to the IRA accounts that he setup for me? Any questions or information I should request about my financial situation before ending the services?Any reason to keep someone as a financial adviser or financial services for 1? How is the 1 taken from the fund? Yearly? Background: 22 years of age, living in Orange County. Assets include a ROTH IRA through American Funds, Company 401k, and small gift trust of 5,000. Wanting to be successful early on in planning for retirement and savings and an emergency fund.  <response>: You contact your Advisor and say, Thank you for your work. I have decided to manage the funds on my own and would like you to de-link from the account. They may have someone call you to salvage it or at least ask what they could have done differently. Just say youve been educating yourself and believe youre ready to step up and take control of your own finances.Its best to do things amicably. Some management agreements have terms saying, Well prorate out 30 days of fees and refund whatever is left between our next billing cycle and that date. Doing this can possibly get that 30 days waived and a larger refund.Im not sure what brokerages AF works with after glancing over their website, but I assume that theyre managing it through a custodians platform. So the following will happen: Your account will transfer from Institutional managed to Retail unmanaged. This may result in a new account number and a new account on the Retail side. Judging by what has been said about the funds AF offers I would encourage you go to to TD Ameritrade, Schwab, or Vanguard and use their fee-free ETF programs.If a new account is created on the Retail side you may continue to receive statements and transfers of late dividendsinterest payments that were deposited to the former account. These are normally swept from the old account to the new one on a periodic basis. You can call their customer service to see when they expect the last dividendinterest payment to deposit to the old account and then call the custodians Retail customer service line on that day to speed the process along.1.0 is also industry standard for active management, btw.Source: I work for a Financial Advisor firm. 