<prompt> Human: Is going from fee to commission better? To try and sum it up Im not great with terminology after the new federal regulations Edward Jones is changing how they invest, I think. I opened an account with them 2 years ago with about 70,000 and paid 4.75 fee upfront plus every time I put more money in, A share investments. With the fee up front I now only pay yearly maintenance which is 40 with all my accounts. I have a Roth and Traditional IRA.Now they want me to transfer all my funds to this new program that will only charge 1.3ish in commission a year with no cost of moving funds around as needed vs my original A shares. I guess my question is, is this a good move, are there things I should be cautious about? Talking to my rep he highly recommends it and believes the money I lost in A share fees will be made up faster in this system. I want to be comfortable before I make my decision and I find a lot of knowledgeable people in here. If I knew what to do I wouldnt be paying for an investor but I value other opinions. Maybe a little more info, I still have 30yrs before retirement. TIA and sorry if sloppy, Im typing on my phone. Update: Well it sounds like I really screwed myself by going to EJ, especially seeing how ridiculous my rates are. I wish I knew all this before! Being young and uninformed is how they got me, I thought I was being smart for signing up for retirement through a broker. I prob lost a good chunk of money because of this, but at least I found out early enough. Everyone else like me, learn from my mistakes! The sales rep made everything sound good. With me being young and convincing me I want fees upfront so I wont pay fees on my interest earned. Thank you all again for the advice and articles, I have a lot of studying to do but keep them coming. Assistant: sarcasmSo they already screwed you 4.75 on the way in and now they want to suck 1.3 a year just because? sarsasmRun. Run fast. Run far. Dont look back.Human: Yep, time to call up Vanguard. Have you entire account transferred to Vanguard and dont look back.Assistant: Will they maintain the accounts for me or do I need to keep up on it? I just dont trust myself making retirement stock choices.  <response>: Vanguard has an advisory services that charges 0.3 instead of 1.3. They also will put you in lower fee funds, which will lead to even more money.EJ will charge you 1.3 and put you in funds with expenses of 1 or more per year.Vanguard will charge you 0.3 and will put you in funds with expenses of 0.2 per year.Vanguard Edward Jones 