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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!

Merrill Guided IRA Review 2024: Features, Fees, and More

Updated on May 1, 2024

Learn about our Editorial Process

Key Takeaways
  • A Merrill Guided Investing IRA offers simple, customizable portfolios with human oversight and perks for existing customers.
  • The platform isn’t as intuitive as other digital-first providers and comes with higher annual fees and account minimums.
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Merrill Guided Investing Automated IRA Snapshot

Best if you want
Merrill offers a simple, automated IRA with customizable portfolios and potential fee discounts for existing Bank of America and Merrill Lynch customers.
Fees
0.45%
What you can invest in
All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
A platform that's not quite as easy-to-navigate as newer institutions and comes with a higher fee.
Account minimum
$1,000
Ease of Use
Star filledStar filled
2 stars
Checkmark Pros

• Customizable portfolio options, including a socially responsible strategy
• Human oversight on all portfolio offerings
• Additional perks for Bank of America and current Merrill customers

Checkmark Cons

• Management fee is on the higher end
• Platform isn't as intuitive as some digital-first providers
• Doesn't offer tax-loss harvesting

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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