I've taken over my late fathers Morgan Stanley account recently. I've only ever really had an elementary level understanding of investing, but have picked up quite a bit in this past year, especially around tax season.
We got \~10k of capitol gains distributions, and although I have enough to cash flow it, it leads me to believe perhaps this portfolio isn't very tax efficient? (first world problems, I know).
I've tried to reach out to our "account manager", but all he wants to do is sell me on an actively managed portfolio and it seems the costs are quite high (I don't have any experience with this). I think my current strategy would be to reallocate everything into ETF's?
These are the funds in the portfolio:
EAAFX, AEPFX, AGTHX, MADVX, BPRIX, EIBIX, LADFX, MJFOX, PJFZX, PTSPX, RYPRX.
Note, no 401k offering from my work, but I do fully fund my Roth and HSA accounts (3 fund portfolios) and have an emergency fund setup. Additionally I have a HYSA that I've been storing cash in for a down payment on a house; \~100k current balance.