Need help, my financial advisor is retiring

I based that off of comparing it to my current 401k, which I manage through fidelity and have no idea what I'm doing.

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My financial advisor is retiring and wants me to leave it with his new partner, who I don't know. I have been considering transferring it to a vanguard account before this news. But, I'm new to this. It hasn't done well over the last 5 years,

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If your portfolio hasn't done well over the past 5 years compared to your other money and your financial adviser is suggesting you leave it with his partner who you don't know, I'd definitely recommend you leave your money where it is.....

Over the last 5 years, the S&P 500 has returned over 60%...

That's without any kind of active management. While I'm not advising anyone not to have a financial adviser, you should at least understand the performance of the general market to compare with.

If you don't understand what you're doing take a look at the following. Tons of info for the new investor even if you aren't into the low cost index fund philosophy.

https://www.bogleheads.org/wiki/Getting_started

If that's too much info for you and you don't care to get into the details then a target date fund could be a good option. Just make sure the fees of the fund are reasonable.