I agree dump the adviser and high management fees.

With $1 million of investable assets this couple should be able to generate between $40k and $50k of tax efficient if not tax free income.  Which combined with the existing CPP payment should get them close to meeting their monthly expense.  That is without drawing on their savings.

Trimming costs, a part time job, or a nominal draw on savings should assure them of a comfortable retirement until the additional CPP and OAS kicks in.