<prompt> Human: itted just now by duped1234We signed on with our financial advisor in Feb 2014, after managing our investments somewhat successfully ourselves. DH has a separate 401k through work, and I never transferred kids college funds over to him so those are separate from IRAs and non-IRA accounts. Advisor was a VP at his brokerage and a fairly good friend, so we thought we could do better having him manage our money. We have sort of kept an eye on things but its hard to tell without really sitting down and getting a broad view since its 5 different accounts. He also switched to a different brokerage in 2016 so we have statements from 2 different brokerages, with different account numbers, so that complicates things. I have spent the past 2 days sorting through it all and making a spreadsheet.From Feb 2014 to today, 3.5 years, our accounts have made a total of 125. Yes. 125. We began with 132,329, contributed 44k IRA, and today we have 176,454. DH is starting by emailing him asking what our rate of return has been since we switched to him. In the meantime, Im reaching out to others to find out what recourse we have. Do any of you have knowledge or experience with something like this? For comparison sake, our 60k emergency fund is in CDs, not with him, and those have made 555 in ONE YEAR. CDs. What should we do? beside pulling our money from him.We were in Tennessee when we started with him, now we are in California.  <response>: Theres nothing you can do retroactively unless there was fraud i.e. he stole your money through fake fees or something of that sort. When you provided him money to manage you took on the risk of him managing it poorly so the only thing you can really do is pull it out. If he just chose poor investments then that is fair play so to speak 