Get Started Menu Menu
 
Partnership Disclosure
We might be compensated by one of our IRA partners for an account you open through our platform. This helps us keep the rollover service free, but it never impacts the fees you’ll pay on your new account. We only win if you do, and our job is to help you simplify your retirement accounts. We also help people who already have an IRA account even though we might receive no compensation in these situations—because it’s just the right thing to do!

SoFi Automated IRA vs Merrill Guided Investing IRA

Facebook Icon
Twitter
LinkedIn
Envelope

SoFi Automated is a great option if you want a zero-fee portfolio from a digital brand with a range of other financial products like student loan refinancing and debit cards.

Consider Merrill Guided Investing if you want a simple automated portfolio with potential fee discounts for existing Bank of America and Merrill Lynch customers.

SoFi

SoFi

Automated

Open an Account
Best if you want
A zero-fee portfolio from a digital brand with a range of other financial products like student loan refinancing and debit cards.
Fees
0%
What they invest in
All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
Not much ability to influence the portfolio they create for you.
Human advisor available?
Yes - SoFi has certified financial professionals on staff that you'll get access to.
Account Minimums
$0
Ease of Use
Star filledStar filledStar filledStar filled
4 stars
Customer Support
Mix of online and call center.
Additional Info

Read our full review

Learn more about SoFi

Merrill Lynch

Merrill Lynch

Automated

Open an Account
Best if you want
A simple automated portfolio with potential fee discounts for existing Bank of America and Merrill Lynch customers.
Fees
0.45%
What they invest in
All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
A platform that's not quite as easy-to-navigate as newer institutions and comes with a higher fee.
Human advisor available?
Only if you have more than $20,000 to invest and are willing to pay a higher fee (0.85%).
Account Minimums
$1,000
Ease of Use
Star filledStar filled
2 stars
Customer Support
Mix of online and call center.
Additional Info

Read our full review

Learn more about Merrill Lynch

Ready to take control of your assets?
Capitalize helps you consolidate your old 401(k)s by rolling them into an IRA of your choosing. Use an existing IRA if you have one, or we’ll help you open one if you don’t.
Get Started
COMPARE

Compare SoFi Automated to another IRA product

Betterment

Read

SoFi

Read

Charles Schwab

Read
COMPARE

Compare Merrill Guided Investing to another IRA product

TD Ameritrade

Read

Merrill Lynch

Read

Charles Schwab

Read