<prompt> Human: So I have about 11k in a rothIRA. Not a huge chunk of change. Still, I thought it was prudent to move it into a lower cost account. So I called my advisor at MorganStanley, who happens to be a family friend. I told him I want to move my account to Vanguard because of the lower costs. And he countered with the following arguments: My account fee right now is only 1, plus a 75 dollar account fee per year. Theres no way vanguard can offer a target date retirement fund with a .16 expense ratio and a 25 annual fee. He said there must be some kind of other expenses in asset management sleeves. I wont have anyone to talk to at Vanguard, whereas I can call him whenever I want. The vanguard target date fund Id want to invest in has 10 bond allocation, which he says is way too high for a market w rising interest rates. He said no one at vanguard is going to suggest I move assets around based on whats happening in the market. However, Ive read a lot about how active asset mgmt doesnt always beat out set it and forget it strategies...So what do you guys think... should I move accounts? Whats the move here.EDIT: Ive opened up a vanguard account and asked them to initiate a transfer. They then told me that I need to call Morgan Stanley to liquidate my assets since theyre in funds vanguard doesnt offer. When I called they gave me the same story. TBH Im not sure why theyre trying so hard to keep my account. Theres only 11k in it! Its not like im keeping their business afloat...  <response>: What can I say, hes a salesman. All good responses below, hes trying to screw you. 