<prompt> Human: Hello...My wife and I met with a financial advisor last week and Id like to get some feedback on what he was offering. He is offering what he called an investment annuity. Terms of service are: 7 year surrender period money locked for 7 years with this advisor, 1.3 annual fee for first 7 years which drops to 1.1 annually after surrender period annual fee is on initial investment only, not gains. Their one year return is currently a little over 17. Their 10 year return is about 7.5. The returns are after all fees have been subtracted. The investment lineup is flexible and includes funds from Vanguard, Oppenheimer, Fidelity, etc. The 7 year surreder period was a red flag to me immediately. Is this typical of financial advisors? The second red flag was the fees. What are proscons of a ifnancial advisor? Should we only be looking for financial advisors who are fiduciarys? Weve only been investing in 401ks up until now and we would like to set up a third account. Any feedback is appreciated. THanks,  <response>: Read the sidebar. Stop dealing with financial advisers salesmen. 