I was one of these. I started my IRA in my 20s with what little money I could put into it. When I left a job I’d roll my 401k back into my IRA under the same Edward Jones advisor.

After over more than 20 years I started questioning it. I asked for statements of all of my deposits. I took those dates and deposit amounts and plugged them into a basic historical simulator to see what would have happened if I put the same money into an S&P500 fund. My real investment account was over $40,000 lower than had I just put the money in myself into the S&P500. I dropped that advisor and transferred my entire balance into VTSAX and never looked back. Future deposits went into my own brokerage into boring index funds from then on.

I credit Edward Jones with making saving for retirement stupid easy for myself a dumb 22 year old at the time. However, I should have wised up sooner and it cost me at least $40,000 for my naïveté.