Reviewed by
Stang Gappa
Reviewed by
Stang Gappa
Updated on May 29, 2024
Learn about our Editorial Process
Fidelity Go offers an automated IRA as one of the biggest brands in finance with solid customer support, reasonable fees, and no account minimums.
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.
A Fidelity Go account is a great choice for investors looking for expert advice from one of the biggest names in retirement savings. The Fidelity Go robo-advisor is a low-cost solution that makes retirement planning easier for beginning investors. Fidelity’s robo advisor invests primarily in Fidelity Flex funds including asset classes like domestic stocks, foreign stocks, bonds, and short-term investments. This helps give investors a well-diversified retirement profile right from the start. With its $0 account minimum balance and $0 advisory fees for accounts under $25,000, a Fidelity Go portfolio is also a solid pick for investors with lower start-up capital for an initial deposit.
Fidelity Go customers still enjoy the benefits of live financial advice once their account reaches a balance of $25,000 or more. Fidelity’s financial advisor team can help investors tackle regular strategizing conversations like annual reviews of retirement account performance and one-off questions about budgeting, managing debt, investment strategy, achieving financial goals, and more.
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.
Fidelity offers key features like its advisory clients access to research and financial planning tools regardless of their level of assets under management. In addition, investing at Fidelity means you may be eligible for other benefits, such as a Fidelity Rewards Signature Visa card. The Signature Visa card comes with a $0 annual fee and can help you earn up to 2% cash back, which can be deposited directly into an eligible Fidelity investment account (including an IRA!).
Fidelity also offers a cash management account that can help you earn higher-than-average interest on your uninvested assets. A cash management account is also available with no management fee or account minimums.
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.
Fidelity Go is a good option for investors looking for an expertly managed IRA but still want to maintain some autonomy in the mix of investment options chosen. It’s also great for investors looking for a platform that offers the low fees of a robo-advisor who likes the idea of having the account monitored by real people (and eventually working with them one-on-one). Fidelity’s commitment to making investing easy and accessible for everyone is a very good choice for people looking to have their retirement handled at a low cost.
If you’re looking to fund your new Fidelity Go 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.
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.
