Hi there, everyone! I am posting this for my family friend as she doesn't have Reddit. She is after options regarding management of a lump sum she inherited a few years ago. She paid a financial advisor about $8000 for the initial set up and $950/month ongoing to manage the money through a wealth platform. Her goal is to purchase a house in about 5 years. She wants to stop paying the financial advisor so much money a month as it is eating up her disposable income but is not in a position to manage the portfolio herself. She doesn't know what options are out there for her. Can anyone run through other options which don't cost as much per month? Thanks for reading!

I need advice on the best way to sell a stock portfolio that I inherited (from a trust not an IRA). Currently it is managed by Merrill Lynch with a high management fee. I would like to transition to index/ETFs and get rid of active management fees. My most important need is for unbiased guidance in selling the stocks - which ones and in what order, keeping in mind the tax implications. I have retirement money primarily in Vanguard and TIAA, with a lesser amount in Fidelity. After much reading here, I think fee-based professionals for tax and estate planning is better than paying for Private Asset Management. Unfortunately, I don’t have family or friends who can refer me to good people I contacted Vanguard to get an advisor but was not impressed with either the education or years of experience of the advisor. When I asked for a more experienced person, there didn’t seem to be a way to do that - seems like the luck of the draw. I have a Wealth Management Advisor at TIAA who has many years of experience (and years ago worked for Vanguard). However she thinks that I need that their Private Asset Management group (fee is 0.90% on the first $1,000,000 of market value). ‘ I haven’t contacted Fidelity yet so I don’t know the caliber of advice that I’d get. I’d greatly appreciate any suggestions/names for any and all of the above.