He closed a managed account @TD per my suggestion and because he currently has $$ in that FXIAX index fund through his former work he figured he’d put the $$ in the index fund. I didn’t like the TD managed account because it cost about 200.00 per quarter and we didn’t have any control. The account pretty much stays the same and I assume that the funds are examined only at set periods per some set metrics based on keeping the $$safe …obviously not individually managed. There would sometimes be multiple gains of 17-25% on an individual funds but they would never be sold for those gains (I assume) because it just wasn’t time to rebalance the funds. Now, I’m trying my best to make a good decision as to where that chunk of money should go.