Schwab IRA vs Alto IRA

AltoIRA: best if you want

Alto offers one of the most affordable ways to diversify your tax-advantaged retirement assets (like a Roth IRA account) into alternative investments, including crypto through the Alto Crypto IRA. In addition to more than 200 coins through CryptoIRA, you can also benefit from the Alto IRA which enables investments in alternatives ranging from private equity to venture capital and securities in fine art.

For those hoping to bring the strength and diversity of alternative investment classes to their retirement accounts while managing a risk tolerance, Alto offers an inventive, easy-to-use, low-cost way to do so. With over $1.4 billion in assets under management at the time of this writing and multiple well-known integrated alternative partners that are accessible right through the Alto platform, the Alto team has made a worthy name for itself in the market by creating a way for everyday investors to buy into these asset classes, which are often reserved for the wealthy. Alto members can invest their retirement funds in the platform’s available alternatives for costs as low as $37.50 per quarter.

Charles Schwab: other features

Because it’s one of the biggest names in the business, Schwab investors can benefit from tech giant’s host of other features, including checking and savings accounts, insurance products, trust and estate services, and even Charles Schwab credit cards. Though you may pay an annual fee of up to $695, you can get a host of travel benefits, including no foreign transaction fee. Schwab also has a credit card with no annual fee.

AltoIRA: other features

Along with its array of retirement accounts that provide access to alternative asset classes, Alto also provides services for financial advisors looking to help their clients diversify their portfolios.

Conclusion

For those interested in getting their investment journey started without playing a single transaction fee or being beholden to a minimum deposit, Charles Schwab stands out among trading platforms. Although many brokerages offer free ETFs, not every trading platform can boast accounts with no fees or account minimums, along with $0 commission fees and no-fee mutual funds.

Alto’s Alternative IRA offers a streamlined, online way for people to invest some of their retirement assets in private, alternative asset classes at low monthly account fees. This is especially powerful for those seeking to add diversification to their automated accounts (robo-advisor portfolios) or self-directed IRAs at a large brokerage – which is normally invested in stocks and ETFs. It’s also a way for people to invest in private opportunities that they source themselves – all from the comfort of their computers. Alto’s transparent and reasonable account fees make this an excellent option for those looking to broaden the range of investments in their retirement portfolios, even if they’re beginners.