Here we go. We just turned our 401K over to an advisor who of course charges a 1% fee. We are 3 years away from retirement. Investor has talked my husband into putting what I believe to be 60% of the portfoio into higher risks. I am not so sure about this. Would the financial planner get a bigger kick back on the following type of investments.Here are a few of the large holdings. Freedom Balanced Allocations, Frontier Managed Futures,Central Park Group Multi - Event Fund & Evergreen High Income Fund. These are just a few. The other 40 is in bonds. The info I have is the prospectus, but still not so sure. Morningstar states that you have to be a Financial Planner to access information on most of these holdings. 

Could someone give us any idea about this type of mix. I just don't think this is a smart move considering our time line.  What do you think. A bit worried.