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 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 receive no compensation in these situations—because it’s just the right thing to do!

Betterment IRA vs Merrill Guided Investing IRA

Betterment is a great option if you want An automated, low-fee portfolio from the largest independent provider of digital accounts. Betterment was a pioneer in providing “set-it-and-forget-it” portfolios for a low-fee.

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

Betterment IRA

Automated

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Best if you wantAn automated, low-fee portfolio from the largest independent provider of digital accounts. Betterment was a pioneer in providing “set-it-and-forget-it” portfolios for a low-fee.
Fees0.25%
What they invest inAll digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
LimitationsNot much ability to influence the portfolio they create for you.
Human advisor available?Yes – you can buy a consultation ($299) or pay a higher annual fee (0.40%) for unlimited access on an ongoing basis.
Account Minimums$0
Ease of Use5 stars
Customer SupportMainly online.
Additional Info

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Merrill Guided Investing IRA

Automated

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Best if you wantA simple automated portfolio with potential fee discounts for existing Bank of America and Merrill Lynch customers.
Fees0.45%
What they invest inAll digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
LimitationsA 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 Use2 stars
Customer SupportMix of online and call center.
Additional Info

Read our full review

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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.