Reviewed by
Stang Gappa
Reviewed by
Stang Gappa
Updated on May 30, 2024
Learn about our Editorial Process
Charles Schwab offers an automated IRA through Intelligent Portfolios with no management fee and a wide range of portfolio options.
Merrill offers a simple, automated IRA with customizable portfolios and potential fee discounts for existing Bank of America and Merrill Lynch customers.
The Charles Schwab Intelligent Portfolio is a Schwab robo-advisor offering for automated individual retirement accounts (IRA for short). The Schwab Intelligent Portfolio IRA is a great option for an automated solution with no management fee and customizable portfolios of up to 20 asset classes across stocks, fixed income, real estate, and commodities, including an FDIC-insured cash component. This ensures true diversification tailored to your risk profile. Additionally, tax-loss harvesting is available for accounts with a minimum balance of $50,000, helping to optimize tax efficiency. Schwab Intelligent Portfolios Premium offers comprehensive financial planning and unlimited guidance from a CFA for a one-time planning fee and a monthly subscription fee. This service requires a $25,000 minimum investment
A Merrill Guided Investing IRA is a great option for beginner and hands-off investors who want a straightforward, automated portfolio with human oversight. Current Bank of America or Merrill customers may be eligible for a discount on the annual account management fee.
Portfolios are composed of up to 20 asset classes across stocks, fixed income, real estate, and commodities, including an FDIC-insured cash component. This ensures true diversification tailored to your risk profile
Tax-loss harvesting is available for accounts with a minimum balance of $50,000, helping to optimize tax efficiency
Schwab Intelligent Portfolios Premium offers comprehensive financial planning and unlimited guidance from a CFA for a one-time planning fee and a monthly subscription fee. This service requires a $25,000 minimum investment
Bank of Ameria customers and current Merrill customers who meet required account balance minimums may be eligible for Merrill’s Preferred Rewards – a perk that includes lower management fees.
A Schwab Intelligent Portfolio account offers one of the best automated IRAs in the market today that doesn’t charge a management fee. With customizable asset allocation options and a wide range of portfolio options, a Schwab robo-advisor IRA can be a great option for those looking for a hands-off approach to retirement.
If you’re looking to fund your new Schwab IRA with a 401(k) rollover, Capitalize can help. We’ve made it our mission to make this process easier for everyone. We can handle the entire process for you. Most of the process can be done online and our rollover experts will guide you through any of the manual parts. Get started with your 401(k) to Schwab IRA rollover in just a few minutes.
Beginner and hands-off investors might appreciate the simple, customizable portfolios offered by a Merrill Guided Investing automated IRA, especially if they currently have an account with Merrill or Bank of America. However, an account will come with higher management fees and account minimums than some other providers who offer a similar service.
If you’re looking to fund your Merrill Guided IRA with a 401(k) rollover, Capitalize can help. We’ve made it our mission to make this process easier for everyone. We can handle the entire process for you. Most of the process can be done online and our rollover experts will guide you through any of the manual parts. Get started with your 401(k) rollover in just a few minutes.
