these are all US listed stocks? what do you do for diversification in your registered account? 
the last 10 years most people have done extremely well, post 2009. I think it would be too much risk for most people to only have a basket of stocks with no downturn protection that bonds/etf's offer (despite their low yields). This family does not have the time of 3-4 more decades (with whatever market fluctuations there may be that could be major)  to risk too much with an equity portfolio of over 80%, especially if he loses his job.  It made me sick to read they had 27 mutual funds and paid their advisor 7K in fees. Yikes