<prompt> Human: Hello rPersonalFinance! Im a 22 year old looking for some advice with how to handle an upcoming situation. From what I understand EJ has really high fees and its not really necessary to be with them, and I can move my money to Vanguard for a much cheaper option with similar expected returns. However currently my familys and my money resides with EJ.So for however many years my parents have been with EJ. They also created an account for me which has been with Putnam Investments, which I dont 100 understand since it says my representative is with Edward Jones, its a Mutual Fund IRA. We recently switched advisors to one that is closer to us, and thats when I was told by my parents he needs my consent in order to move the accounts over since I am older than 18 or 21. My parents are very convinced he is a good man, that he will do everything he can to help them retire by 65. However I am always very skeptical of this type of stuff, so I did some research and found out EJ isnt as nice as they sound to be. I feel like all representatives should be able to speak well, since this is the business they are in. Im not necessarily saying they are liars, but I think they just know how to talk to many different types of people. From my understanding we are basically paying them for advice on where to put our money, hence why EJ has so many fees. Whereas if we were to go to Vanguard, we wouldnt really know what we are doing since we always had EJ just handle our money for us. Ive read up and see that a simple 3 fund portfolio should be diversified enough to grow year after year, although Im not exactly sure what steps I would have to do in order to set it and leave it. Honestly I would like to have my parents move all our accounts to Vanguard as that seems like the best option as far as avoiding fees, and overall they seem to be a more transparent company. However is there a major risk I am not seeing by wanting to move our accounts there? I know many comments say that moving to Vanguard saved them so much, but has there been people who wished they stayed with the advice given from their EJ advisor? Ive tried to explain this to my parents, but they want me to at least meet the guy first. So I told them I would, I just want to ask the right questions. Ideally I can ask about every single fee they charge, but I dont know how clear his response will be since my parents claimed that if they have over 250,000 he said they wont charge a fee. I remember looking it up and finding it out that its only the Annual account fee, and not other commission based fees. Which makes sense, since EJ is providing workadvice and they have to make money somehow. But still sounds shady to me since he didnt really explain to my parents they still take other fees. Am I right to assume that most of their money comes from Reinvestment into stockmutual fund fees and Systematic purchase of stocksMutual fund fees? I want to be very transparent with him and ask him any questions I have about this whole situation, but I feel like I dont have many questions to ask other than What are your fees. Ideally, I find out my parents are being charged X amount in fees per year which would lead into us all moving to Vanguard, or anything else that doesnt charge as much fees.Any advice is appreciated, thanks! tl;dr - Familys money is with EJ, I feel that they probably charge too many fees and I would like for us to move to Vanguard or something similar. Is there a major risk I am not seeing by wanting to move our accounts there? Many comments say Vanguard saved them a lot, just wondering if there are people that dont feel that way. Is it difficult to set up for people who havent managed their own IRAs before? Other than asking what fees do you charge, is there anything else I should ask the EJ advisor? Thanks so much everyone!  <response>: Dont go with EJ. They are expensive.Do invest with either Schwab, Fidelity or Vanguard. They are better and considerably cheaper.Dont try too hard to convince your parents. They are grown ups and can do whatever they want.Do remember that you are an adult now too, and can do whatever you want. So, if you want to move your money from EJ, just do it.Dont spend too long talking to or questioning the EJ rep especially about their fees, how competitive they are, etc.. They are good sales people and will sound plausible and convincing on most subjects. Do tell him what your goals are, and ask him what you should be doing for investments to meet those goals. Who knows, you might get some good ideas, and you might get some ideas to avoid. Dont tell him you are thinking of moving your account.In any case, when you are ready to move your account from EJ, set up an account with Schwab, Fidelity or Vanguard and get them to move the assets or the money over from EJ. They will do all the heavy lifting, and you wont even need to talk to EJ about it.Good luck. 