u/BlueLizard_

My wife has a brokerage account that is in the low six figures and is managed by the family FA. He charges a 0.9% fee and not too many people in her family are fond of him. We’re trying to move to self managing the account but I have some hesitations.

About 40% of the account is in mutual funds with expenses ratios ranging from 0.85 to 1.1%. I’m unsure how to go about transitioning the money into low cost ETFs without incurring a ton of taxes. I know the fees are eating away at profits but the task of moving it all in the correct manner seems challenging.

Any advice would be greatly appreciated!