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Schwab Intelligent Portfolios IRA vs Ally Invest IRA

Updated on May 30, 2024

Learn about our Editorial Process

Charles Schwab offers an automated IRA through Intelligent Portfolios with no management fee and a wide range of portfolio options.

Ally offers an automated IRA as a with no annual management fee, 24/7 customer support, and a range of other financial products (incl. bank accounts & mortgages).

Find & move your old 401(k)s into your new IRA
Provider
Charles Schwab
Automated IRA
Ally
Automated IRA
Fees
Charles Schwab
0%
Ally
0%
What they invest in
Charles Schwab
Schwab offers an automated IRA with no management fee, a customizable portfolio, and 24/7 customer support.
Ally
All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
Charles Schwab
Schwab's automated IRA has a $5,000 account minimum which is higher than other providers, but comes with 24/7 human support.
Ally
Ally's 0% fee only applies to the "Cash-Enhanced" portfolio which puts 30% of your assets into cash, which could impact your returns.
Human advisor available?
Charles Schwab
Only if you have more than $25,000 to invest, and for an extra fee of $30/month.
Ally
Not at this time, though you'll get access to Ally's call center support.
Account minimums
Charles Schwab
$5,000
Ally
$100
Ease of use
Charles Schwab
Star filledStar filledStar filledStar filledStar half
4.5 stars
Ally
Star filledStar filledStar filledStar half
3.5 stars
Rollover

Fund a Charles Schwab IRA with a 401(k) rollover

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Fund a Ally IRA with a 401(k) rollover

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