<prompt> Human: I have been married 3 years and recently found out my wifes set up her IRA through a financial advisor that her parents use. Nothing big, she has put 75month away in the IRA for a few years and now has about 4,500 in the account.I am comfortable in the finance world and manage my retirement account and college fund for our kid.I do not like the fact that just over 5 of the monthly contribution into her IRA goes to her financial advisor - makes it incredibly hard to make the returns we should be getting. The guy does nothing other than collect a check. I looked into the account, and the funds are not well diversified, he never moves around from one fund to another, and instead has half of the account sunk into a fund with a 3 yr return of approximately 2.5.What are my options? Should i simply stop the 75month contribution and open up a separate IRA for her myself? Can i keep the account but get rid of the advisor? thanks in advanceupdate: thanks for the sound advice. i am looking into Vanguard and will be getting that process going soon.  <response>: Yes, that advisor is milking money away from your wife. I presume the 5 is due to a front-load fee. Just give him fuck you, and start investing in VanguardFidelitySchwab funds. See the FAQ to the right. 