To be fair, the OP said his portfolio allocation is conservative, with only a small percentage in equities, so you can't expect those returns to compare with those of the market. That would not, in fact be comparing apples to apples. In 2008, someone with his portfolio probably would have beaten the S&P 500 quite handily.
Eleven percent actually seems pretty awesome return for a conservative portfolio, which presumably is mostly made up of bond funds with a small portion of equities.
I think a better question to be asking is what fees did your adviser charge you last year. And don't accept "0" as the answer. The advisor might have been paid by teh funds you own. In that case a good followup question might be "are there similar funds I can buy instead with lower expenses so that I keep more of my own money every year?"