Should we be concerned about a financial advisor who bases our strategy strictly on funds only and wants to sell ALL - not some - of our individual stocks? Let me give you a little background.

I'm 50 years old, and my wife is a year younger. We were fortunate to recently inherit several million dollars, and we're in the process of finding a financial advisor to manage it for us.

Before this, we had $400,000 in the stock market. We're not good at the market, but we're not total idiots also. We bought Apple 10 years ago. We bought Amazon at $1100. When the market crashed in 2008, we made a nice investment in JPM. We do ok, but we're not geniuses. We definitely need an advisor.

My concern is about the advisor we're considering is:

a) The strategy he is suggesting is based 100% on various funds to have us better diversified. I agree that we need to be diversified across more industries and large cap vs. small cap vs. bonds. However, he is also dumping ALL of our individual stocks - most of which are large cap companies. For the most part that doesn't bother me, but is it a red flag that he's dumping $75,000 of Amazon and $40,000 of JPMorgan Chase, for instance. To me, those are no-brainer winners for a while. We also own $30,000 in Apple. I could buy the argument that Apple's best days are behind them, but it's not based on anything like that. It's simply he wants us in these funds.

When I suggest keeping those stocks, he says "we can put them in separate 'side account' for you." The implication is that they don't manage that.

b) We have $20,000 in a fund PEOPX. It gives us a nice return. They paid a 10% dividend in 2019. So even though it's a large cap fund, it should give us some diversity.

He wants to dump that also.

c) When the S&P was in the low 2000s several weeks ago, I asked him to invest some cash quickly to take advantage of things. He invested in three or four stocks. One of them was Microsoft, and now he wants to dump those stocks after a few weeks for these funds when he knew we were long term investors.

I understand we have too much large cap and his need to diversify. Should I be concerned that he doesn't want to manage around investments we already have in Amazon, JPMorgan Chase, Google, Allibaba and Apple just to name a few? Is this a lazy advisor?

I appreciate your consideration.