I recently came across the opportunity to move funds from MFS LIFETIME 2055 R6 to a managed account. The MFS LIFETIME 2055 R6 has an 0.44 net expense ratio while the managed account takes a 1% flat rate plus any fees from ETF's. In the list of ETFs from the managed account i saw a few that have expenses as high as .4% and .6%... so if im not mistake i could be paying up to 1.6% in management fees, more than double the mutual fund. They seem to be pretty similar performance as well.
Is there any advantage to use a managed fund over something like a mutual fund?
thanks!