Are you paying 1% for portfolio management? Why?

You want to be invested in a collection of index funds with an average expense ratio no worse than 0.1%. That’s easy to do. Fidelity has index mutual funds with 0% fees. Or you could easily put together a small, well-balanced assortment of exchange-traded funds costing 0.03% to 0.06%. (Check out the Forbes Best ETFs for Investors ranking.)

Or you could put all your money in the Vanguard Balanced Index Fund at 0.07%.
— Read on www.forbes.com/sites/baldwin/2020/01/04/7-rules-for-wealth-4-retirement-cost-cutting/