LEARN > choose an ira
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 SoFi Automated IRA

Updated on May 29, 2024

Learn about our Editorial Process

Betterment is a great option if you want betterment offers an automated IRA as the largest independent online financial advisor, and pioneered "set-it-and-forget-it" portfolios for a low-fee.

Consider SoFi if you want soFi offers hands-off approach with an automate IRA. Enjoy a low, $1 account minimum and no annual management fee with access to Certified Financial Planners in a user-friendly robo-advisor platform.

Find & move your old 401(k)s into your new IRA
Provider
Betterment
Automated IRA
SoFi
Automated IRA
Best if you want
Betterment
Betterment offers an automated IRA as the largest independent online financial advisor, and pioneered "set-it-and-forget-it" portfolios for a low-fee.
SoFi
SoFi offers hands-off approach with an automate IRA. Enjoy a low, $1 account minimum and no annual management fee with access to Certified Financial Planners in a user-friendly robo-advisor platform.
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.
SoFi
0%
What they invest in
Betterment
Betterment creates a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and investment goals.
SoFi
ETFs, both proprietary and non-proprietary
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.
SoFi
No customizable portfolios; some ETFs have higher expense ratios.
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.
SoFi
Yes - SoFi has certified financial professionals on staff that you'll get access to.
Account minimums
Betterment
$10 to get started investing, $0 minimum account balance
SoFi
$1
Ease of use
Betterment
Star filledStar filledStar filledStar filledStar filled
5 stars
SoFi
Star filledStar filledStar filledStar filledStar half
4.5 stars
Rollover

Roll over your 401(k) into a Betterment IRA

Get Started

Roll over your 401(k) into a SoFi IRA

Get Started
COMPARE

Compare Betterment IRA to another IRA product

Betterment IRA vs Schwab Intelligent Portfolios IRA

Compare

Betterment IRA vs Merrill Guided Investing IRA

Compare

Betterment IRA vs TD Essentials IRA

Compare
COMPARE

Compare SoFi Automated IRA to another IRA product

SoFi Automated IRA vs Merrill Guided Investing IRA

Compare

SoFi Automated IRA vs Ally Invest Robo Portfolios IRA

Compare

SoFi Automated IRA vs Wealthfront IRA

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