text: Absolutely those blindly looking to cut costs could end up in a worse position.  But I think it is pretty safe to say that a significant percentage of investors could easily trim if not slash their annual fees without negatively impacting their returns before fees or retirement preparation.
  
  The industry hardly has a lot of credibility on it side in this regard.  From excessive MERs for average or below average returns to investment decisions that are more about selling the product than helping the client invest in the best product the list of clients that have been poorly advised and overcharged is lengthy.
  
  The good advisers who generate good returns, provide competent, comprehensive, and client specific advice have little to fear.