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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!

Betterment IRA vs Ally Invest IRA

Updated on May 29, 2024

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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).

Find & move your old 401(k)s into your new IRA
Provider
Betterment
Automated IRA
Ally
Automated IRA
Fees
Betterment
$4/month for balances under $20,000, and 0.25% annual fee for balances over $20,000. You can also choose to upgrade to Betterment's premium plan with a $100,000 minimum balance which adds 0.15% to the management fee.
Ally
0%
What they invest in
Betterment
Betterment creates a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and investment goals.
Ally
All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
Betterment
Access to human financial advisors is only available through their Premium plan, or through purchase of an advice package for the Digital plan.
Ally
Ally's 0% fee only applies to the "Cash-Enhanced" portfolio which puts 30% of your assets into cash, which could impact your returns.
Human advisor available?
Betterment
Yes - you can buy a consultation ($299) or pay a higher annual fee (0.40%) for unlimited access on an ongoing basis.
Ally
Not at this time, though you'll get access to Ally's call center support.
Account minimums
Betterment
$10 to get started investing, $0 minimum account balance
Ally
$100
Ease of use
Betterment
Star filledStar filledStar filledStar filledStar filled
5 stars
Ally
Star filledStar filledStar filledStar half
3.5 stars
Rollover

Fund a Betterment IRA with a 401(k) rollover

Get Started

Fund a Ally IRA with a 401(k) rollover

Get Started
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Find & move your old 401(k)s into your new IRA