<prompt> Human: So my father is nearing retirement and recently has been taking my advice and following it to a T on his 401k account through his employer. Hes doing this because Im working in the Financial Industry and have been pretty keen on Investments my whole life.While I do believe that having me manage his funds makes sense circumvents the fee that advisors would charge, I clearly have a conflict of interest in terms of inheritance.My father has a comfortable pension, Social Security and significant equity in an expensive house. I see the 401k as Luxury money and thus I think Im more inclined to invest it with a longer term outlook. However, I fear an advisor who charges 1-2 would come to the same conclusion.Whats the correct move here?  <response>: Im working in the Financial IndustryExercise a fiduciary duty and do what is in the best interest of your dad and not yourself. Do not put your dads retirement in any more risk than what he feels comfortable with. You must remain reasonably impartial and only intervene ifwhen your dad makes choices that will obviously negatively impact himself. 