<prompt> Human: About 2 years ago, I was approached by one of MSs Account Managing VPs who has handled my grandmothers money for the past 20 years. I am fairly young, but have a pretty good career trajectory, and he was interested in securing me as a client. I told him Id give him a shot, but I was just going to start off by opening a Roth IRA with him. Unfortunately, I was only able to contribute 5,500 once before my salary was too high to contribute any more. Long story short, I used my Roth funds to exclusively purchase AAPL shares when the price dropped down to 395. It has since rebounded and has just been sitting around. I had been waiting for him to call me to advise me regarding moving my money around but I never received any calls. Then I bought my grandmother an iPad. She wanted to have access to her Morgan Stanley accounts via her iPad, so i tried to find their corporate app. Guess what, they dont have one. I called them up to inquire. Sorry, we dont have an appliccation, we expect one to be completed by late 2014. This is in January of 2014. A company the size of Morgan Stanley, not only doesnt have an app, but their development cycle takes in excess of a year... seriously, what year is it!? So now im thinking, seriously, what the hell is up with this company. I should probably check on my Roth just to make sure everything is copacetic.Well I do and guess what I find. To purchase my 12 shares of Apple, they charged me a commission of 100. Then, they were charging me an annual account upkeep fee of 50 which I knew I had agreed to when I signed up, and then in addition to that, and here is the real kicker, they were charging me a low account balance of 75 every 6 months. My Roth IRA, which has a 5500 contribution limit when you are under 120k gross salary, which I no longer was beneath. I really believe these guys have cost me thousands in tax free gains down the line because of their ridiculous fees. TL;DR Basically this is just a warning to learn from my mistake, just because you give a third party the right to handle your money, dont take it for granted that it will be handled with your best interests in mind.  <response>: Basically this is just a warning to learn from my mistake, just because you give a third party the right to handle your money, dont take it for granted that it will be handled with your best interests in mind.This is an important takeaway for sure... but so is reading the terms of your relationship with a financial entity and understanding what fees you will be charged, and when. It would be illegal for them not to disclose these fees to you ahead of time. 