Reviewed by
Stang Gappa
Reviewed by
Stang Gappa
Updated on May 29, 2024
Learn about our Editorial Process
Betterment offers an automated IRA as the largest independent online financial advisor, and pioneered "set-it-and-forget-it" portfolios for a low-fee.
Ally offers an automated IRA as a with no annual management fee, 24/7 customer support, and a range of other financial products (incl. bank accounts & mortgages).
Betterment was one of the first companies to provide fully managed accounts for a low-fee, launching its extremely popular service in 2008. It’s commonly referred to as a “roboadvisor”, and it pioneered the category along with several other players like Wealthfront. Betterment has grown rapidly over the years and now manages almost $30 billion of investment assets.
Despite its growth and a broadening range of services, Betterment has retained its customer-first philosophy. At its core, Betterment offers an easy-to-use service that manages your money for you. This is often referred to as a “set-it-and-forget-it” portfolio and it’s best for those who don’t want to be actively picking investments in their retirement account.
Ally Invest offers an automated individual retirement account through their Robo Portfolio IRA that features a low account minimum and no annual account management fee with plenty of customizable portfolio options to tailor your investment strategy around. If you like the idea of having a higher allocation towards interest-earning cash, then the cash-enhanced portfolio type may be what you’re looking for.
Ally Bank customers can move up to $250,000 per day from their bank account into their Ally Invest account, making investing for current banking customers a seamless process that takes just a couple of minutes. Ally also offers retirement planning tools in the form of educational articles and quizzes.
Betterment offers one of the best digitally managed IRAs in the market today. Their commitment to doing right by the customer and providing simple-to-use products make it a very good choice for people looking to have their retirement account handled for a low-fee.
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Current Ally Financial customers, along with beginner and hands-off investors, may appreciate the seamless and customizable features of an Ally Invest Robo Portfolio IRA. The no annual management fee and low account minimum also stand out, along with solid customer support availability and a socially responsible portfolio option.
If you’re looking to fund your new Ally Invest Automated 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.
