Reviewed by
Stang Gappa
Reviewed by
Stang Gappa
Updated on May 29, 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.
SoFi offers a hands-off approach with an automated IRA. Enjoy no account minimums and low annual management fee with access to Certified Financial Planners on a user-friendly robo-advisor platform.
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
With no account minimum, low annual management fee, and access to a range of great financial tools including Certified Financial Planners, a SoFi Robo IRA is a great option for beginner and hands-off investors. While there is some limited ability to influence the portfolio they create for you, you can change portfolio themes or your risk appetite. SoFi’s mobile app and web platforms are well liked, as seen by the positive reviews across app stores. Overall, those looking for a mobile-first experience that takes the work out of investing with recommendations built by industry experts will appreciate a SoFi Robo IRA.
SoFi is a digital-first institution that offers a simple, low-fee rollover IRA managed for you. One of the early “fintech” companies, SoFi started out by helping people refinance their loans. From that start they’ve expanded into a range of financial services, recently launching investment accounts that include rollover IRAs.
The SoFi experience is built for mobile, so if you want a well-designed, mobile-first way to manage your retirement savings, then the SoFi Robo IRA is a great option.
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
SoFi’s overall mission is to help you “Get your money right”. To do that, they offer a broad selection of financial services – all digital, and all built with a younger, tech-savvy user in mind. Besides investment accounts, SoFi offers a checking account, student loan refinancing, personal loans, home loans, and even insurance products.
As part of your investment account experience, you’ll get access to a team of certified financial planners (CFPs) available to chat with you by phone. This is a nice perk for those who might have extra financial questions.
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.
SoFi offers a simple, no-fee, automated IRA. If you want somebody to manage your IRA with little fuss, it’s a solid option. You’ll also be able to establish a broader relationship with SoFi and access a full range of financial services over time.
If you’re looking to fund your new SoFi Automated Investing 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 IRA rollover in just a few minutes.
