Cutting Expenses, Financial Advisor Retirement Fees

[Andrew S.]

I'm a beginner investor. I am currently reading Bigger Pockets book "Set for Life." Looking a ways to cut expenses. I have a financial advisor for my American Funds Roth and Traditional IRA that I set up about 5 years ago. Currently, a fee of around 5% is applied to any of my contributions. Is this an unreasonable fee? Thinking about moving to Vanguard Target Date Fund and getting rid of the financial advisor for less fees. Any thoughts or suggestions? Thank you!