Reviewed by
Stang Gappa
Reviewed by
Stang Gappa
Updated on May 29, 2024
Learn about our Editorial Process
Betterment offers an automated IRA as the largest independent online financial advisor, and pioneered "set-it-and-forget-it" portfolios for a low-fee.
Charles Schwab offers an automated IRA through Intelligent Portfolios with no management fee and a wide range of portfolio options.
Betterment was one of the first companies to provide fully managed accounts for a low-fee, launching its extremely popular service in 2008. It’s commonly referred to as a “roboadvisor”, and it pioneered the category along with several other players like Wealthfront. Betterment has grown rapidly over the years and now manages almost $30 billion of investment assets.
Despite its growth and a broadening range of services, Betterment has retained its customer-first philosophy. At its core, Betterment offers an easy-to-use service that manages your money for you. This is often referred to as a “set-it-and-forget-it” portfolio and it’s best for those who don’t want to be actively picking investments in their retirement account.
The Charles Schwab Intelligent Portfolio is a Schwab robo-advisor offering for automated individual retirement accounts (IRA for short). The Schwab Intelligent Portfolio IRA is a great option for an automated solution with no management fee and customizable portfolios of up to 20 asset classes across stocks, fixed income, real estate, and commodities, including an FDIC-insured cash component. This ensures true diversification tailored to your risk profile. Additionally, tax-loss harvesting is available for accounts with a minimum balance of $50,000, helping to optimize tax efficiency. Schwab Intelligent Portfolios Premium offers comprehensive financial planning and unlimited guidance from a CFA for a one-time planning fee and a monthly subscription fee. This service requires a $25,000 minimum investment
Portfolios are composed of up to 20 asset classes across stocks, fixed income, real estate, and commodities, including an FDIC-insured cash component. This ensures true diversification tailored to your risk profile
Tax-loss harvesting is available for accounts with a minimum balance of $50,000, helping to optimize tax efficiency
Schwab Intelligent Portfolios Premium offers comprehensive financial planning and unlimited guidance from a CFA for a one-time planning fee and a monthly subscription fee. This service requires a $25,000 minimum investment
Betterment offers one of the best digitally managed IRAs in the market today. Their commitment to doing right by the customer and providing simple-to-use products make it a very good choice for people looking to have their retirement account handled for a low-fee.
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A Schwab Intelligent Portfolio account offers one of the best automated IRAs in the market today that doesn’t charge a management fee. With customizable asset allocation options and a wide range of portfolio options, a Schwab robo-advisor IRA can be a great option for those looking for a hands-off approach to retirement.
If you’re looking to fund your new Schwab 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 Schwab IRA rollover in just a few minutes.
