Announcement
Capitalize was named a TIME Best Invention 2021! Read More
×
 
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 might receive no compensation in these situations—because it’s just the right thing to do!

Betterment IRA vs SoFi Automated 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 SoFi Automated if you want a zero-fee portfolio from a digital brand with a range of other financial products like student loan refinancing and debit cards.

Betterment

Betterment

Automated

Best 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.
Fees
0.25%
What they invest in
All digital advisors create a diversified portfolio 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 ($299) or pay a higher annual fee (0.40%) for unlimited access on an ongoing basis.
Account Minimums
$0
Ease of Use
Star filledStar filledStar filledStar filledStar filled
5 stars
Customer Support
Mainly online.
SoFi

SoFi

Automated

Best if you want
A zero-fee portfolio from a digital brand with a range of other financial products like student loan refinancing and debit cards.
Fees
0%
What they invest in
All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
Not much ability to influence the portfolio they create for you.
Human advisor available?
Yes - SoFi has certified financial professionals on staff that you'll get access to.
Account Minimums
$0
Ease of Use
Star filledStar filledStar filledStar filled
4 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.
COMPARE

Compare Betterment to another IRA product

Wealthfront

Read

Merrill Lynch

Read

SoFi

Read
COMPARE

Compare SoFi Automated to another IRA product

Wealthfront

Read

E*TRADE

Read

Merrill Lynch

Read