Is a 1.4% annual management charge competive for lump sum investment?

Hello. New here. I have a lump sum of about €150K to invest. A financial advisor that I discussed this with recently is recommending an equity-based/multi-assets funds from an insurance company. It comes with annual charges of 1.4% and includes a management charge for the advisor. Could I do better than this?

I'm in my early 50s, so a globally diversified passive index fund with an investment horizon of least 5-10 years or even longer would probably suit what I'm looking for. I'm maxing out my pension contributions already so looking for something else.

I would like to consider other options such as an ETF with an online broker before I decide. Feel free to point towards other threads here that discussed this previously. I had a browse but couldn't easily find what I was looking for.

Thanks.

No, it's not competitive.


Is this advisor truly independent?