When dealing with your banker, don’t just take things at face value. We must become more knowledgeable. There is a massive expertise gap in stock picking for investment portfolios. All Advisors have moved to a more managed portfolio solution to protect the Banks, Advisors and the Clients. Today, MFs (Mutal Funds) are the product of choice, but the hidden fees and MER’s (Management Expense Ratios) can be eating away at your bottom line. Consider moving into ETFs instead, (Exchange Traded Funds). They offer the same basket of securities without the heavy fee structure. If you do have MFs, try to maintain more equity mutual funds that tend to be more tax efficient than fixed income mutual funds. Active MFs that are intentionally managed for tax efficiency should be the preference.