I have tried to help several friends get away from the outrageous fees that they pay for these mutual funds. I review their statements and show them that their returns are trailing the market by roughly the fees they are paying. I explain etfs and how they can save the 10s of thousands they are paying over the yrs.. They have between 250K-million, so not tiny holdings. 

I offer to hold their hand through the whole process of setting up accounts and making the few trades a year they will need. I explain how RRSPs,TFSAs and RESPs work. No one makes the move. 

Funny thing, they know I manage my own investments, I don't use etfs, I buy individual securities. They know I've done well. They have all asked me to manage the money for them and they will pay me. I tell them I'm not interested in managing other peoples money, just helping them do what best for themselves. 

I see firsthand how advisors keep their jobs, when it comes to money, people are scared, lazy and greedy.