<prompt> Human: What are typical fees one should expect utilizing a financial adviser for mutual fund investments and advice? My current rate is 1 of the fund, no transaction charges. Is this a typical rate one should be expecting? It seems like a lot, but I have no real other knowledge. We have quarterly meetings and he moves money on any under performing funds, but this 1 is a bit of money.Assistant: Why are you using a financial advisor in the first place? Are they fee-only and advising in a fiduciary in your best interest capacity? If not, you should dump them ASAP as they are only out to line their pockets with your money.That being said, 1 AUM is not uncommon for small portfolios.We have quarterly meetings and he moves money on any under performing fundsIf you invest in the right funds passively managed index funds you dont need to move this quarterly. It sounds like you are not getting any added value out of this advisor.Human: Right, its 1 fee only. They arent moving them quarterly, just quarterly meetings. If any of the index funds perform worse than expected he performs the transactions to move to a different fund. What would a small portfolio be considered, and if larger should that fee be lower?  <response>: If any of the index funds perform worse than expected he performs the transactions to move to a different fund.But this is pointless. What does worse than expected mean? Whose expectations is your advisor measuring against? Why does she think they can do better by moving the money? If youre truly invested in index funds you should have a 3-fund portfolio rebalanced occasionally. You should not be moving money around based on poor performance - thats just realizing losses. 