<prompt> Human: I have a mutual fund portfolio with Edward Jones thats been managed most of my life. After learning bits and pieces from PF, I decided I want to talk to my adviser about switching from my current Hartford funds with 1 expense ratios to a Vanguard 3-fund portfolio. Before I make the call, I have a couple questions: 1. Is this a good time to make changes to my portfolio? The market isnt looking so hot and my account lost 6.5 of value in the past month. Any reason to stick with my mix until things even out? 2. What is PFs opinion on Edward Jones managing a portfolio? I cant tell if Im being charged crazy fees or missing out on better opportunities. Sorry I missed out on Moronic Monday..  <response>: What is PFs opinion on Edward Jones managing a portfolio? I cant tell if Im being charged crazy fees or missing out on better opportunities.As a previous Edward Jones customer, I can confirm everyones previous comments that Edward Jones advisors are just trying to turn your money into their money.The way they are getting your money is through load fees, which is a fee you pay to invest in the funds they steered you towards. Most Edward Jones advisors will suggest you use funds with a 5.75 load fee, which means for every 100 you put towards your account, only 94.25 actually reaches your account. Further, the funds you are invested in most likely have a 12b-1 fee baked into the expense ratio. These fees compensate the advisor and his company for advising you.So what do you do about it? Open a new account at Vanguard and roll your existing account over. Be aware that there will be a fee to close your Edward Jones account. If I remember correctly, it was 90. 