I think 1/4% is unrealistically low, but that range seems reasonable.
The advisor who manages my 401-k charges 1%

And I agree completely with Paul about fee vs commission based planners. The temptation to invest client money in products which pay the highest commission although they might not be suitable for the clent is great and very often abused. Can't tell you how many elderly ladies I've seen with limited partnersip holdings in oil & gas ventures over the years.

Never forget this. No one, and I mean no one, cares more about your money than you do. Not your accountant, not your stockbroker, not anyone.
Pay attention to what an advisor or manager is doing and limit his power to trade your holdings.