<prompt> Human: Im currently saving money while making 37k and want to keep spending increases minimal while I save for a house downpayment. Currently 30, no debt, 5k in savings. My uncle is a financial advisor and handles personal finance for most of my extended family. Years ago I mentioned I wanted to save for retirement and for a house, and he set up a roth IRA and another fund that was meant to be a medium term investment for a house. I contributed every month automatically, but some health problems led me to drain most of it, down to 2k in IRA and 1k in other fund. He charged 10 for all money I put in, but otherwise took no fees. Im hesitant to go back to him, as that felt like a lot, but Im also not sure where to go on my own. He talked about his buisness changing quite a bit after dodd-frank, but Im not sure what that was. The medium term fund is listed as a hybridbalanced fund, not exactly sure what that is either. Any advice? Does my uncles buisness sound shady?  <response>: Yes, your uncles business sounds very expensive, and somewhat shady. 10 of investments is an astronomically high fee.Educate yourself. Use the wikis on the sidebar on this sub reddit. You can do this without a financial advisor, and certainly without one who charges 10.Good luck. 