With that amount of money, they should be in equities, and no more than 6.  Financial advisors love to say, oh you gotta be diversified, which is code for:

1.  I want you to be in many things so you feel like it is complicated and need me to help you
2.  I want to get fees every time you trade
3.  Look at how I help you

When it should be:
1.  Six (maximum) of good blue chip stocks that you can follow.  (Hey, it is your money, and you can't outsource the management of it to anyone)
2. Online account that only charges me for trades (most are about $10)
3. Buy and hold
4. Reinvest dividends
5. Know your companies business cycles and don't sell during a down cycle, as it will come back
6. Reevaluate on a regular basis to determine if this company should stay in your profile

If you aren't making 10% - 12% return a year, then you must be a financial shyster (I mean advisor).