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!

Betterment IRA vs Ally Invest IRA

Betterment is a great option if you want an automated low-fee portfolio from the biggest independent provider of digital accounts. Betterment was a pioneer in providing "set-it-and-forget-it" portfolios for a low-fee.

Consider Ally Invest if you want an automated IRA from a leading digital bank offering a range of other financial products (incl. bank accounts & mortgages).

Betterment

Betterment

Automated

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Paid client of Betterment. Views may not be representative, see more reviews at the App Store and Google Play Store. Learn More about this relationship on Betterment.
Best if you want
An automated low-fee portfolio from the biggest independent provider of digital accounts. Betterment was a pioneer in providing "set-it-and-forget-it" portfolios for a low-fee.
Fees
$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.
What they invest in
All digital advisors create a diversified porfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
Betterment does not have physical locations like some legacy providers; human advisors are available, but require an additional fee on the standard plan.
Human advisor available?
Yes - you can buy a consultation ($199) or pay a higher annual fee (0.40%) for unlimited access on an ongoing basis.
Account Minimums
$0
Ease of Use
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5 stars
Customer Support
Mainly online
Additional Info
Ally

Ally

Automated

Best if you want
An automated IRA from a leading digital bank offering a range of other financial products (incl. bank accounts & mortgages).
Fees
0%
What they invest in
All digital advisors create a diversified porfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
Ally's 0% fee only applies to the "Cash-Enhanced" portfolio which allocates 30% of your assets into cash. Their Market-focused portfolio charges 0.30%, though that's still reasonable.
Human advisor available?
Not at this time, though you'll get access to Ally's call center support.
Account Minimums
$100
Ease of Use
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3.5 stars
Customer Support
Mix of online and call center.
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.
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