Charles Schwab offers an automated IRA through Intelligent Portfolios with no management fee and a wide range of portfolio options.
Wealthfront offers an automated IRA with low-fees and a user interface that's simple and easy to use.
Reviewed by
Stang Gappa
Reviewed by
Stang Gappa
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.
Wealthfront offers an automated IRA with low-fees and a user interface that's simple and easy to use.
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
Wealthfront is a great choice for investors looking for a robo-advisor account that allows them to set it and forget it. This is an automated investment platform with low fees. Since Wealthfront does not offer access to a human advisor, it’s ideal for people who are comfortable with software driving their retirement savings, or who are working with a financial advisor on their own to tackle their financial planning needs.
Wealthfront’s user-friendly website offers investors access to great planning tools that are helpful for both experienced and novice investors. Because these tools are integrated directly into the website’s user interface, they’re easier to access than similar tools offered by other brokers. Plus, Wealthfront features include automatic rebalancing and daily tax-loss harvesting to help you get the most bang for your buck, whether you invest in its low-cost index funds and mutual funds or buy fractional shares of individual stocks.
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
Wealthfront stands out from other robo-advisors thanks to its expert-curated investment options. When you set up your Wealthfront account, you’ll answer a series of questions about your financial situation, goals, and preferences. This is known as a risk tolerance questionnaire. It’s a common starting point when creating an investment portfolio.
Based on your answers, Wealthfront will calculate your risk score and create a portfolio for you. The money in your automated investing account will be allocated across a combination of asset classes like equities (stocks), fixed income (bonds), and international investments. Like other roboadvisors, Wealthfront tends to invest your money in exchange-traded funds (ETFs) and low-cost index funds that allow you to get easy access to a diversified mix of investments in these asset classes.
Wealthfront also separates out its investment options into categories based on your goals and preferences. For instance, you can choose to invest in ETFs focused on technological innovation or put your money into cryptocurrency trusts, or you can opt for socially responsible portfolio options that align with your values. While the funds themselves are pre-arranged (and therefore pre-diversified), you have a lot of say when it comes to where your money is going.
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.
Wealthfront offers one of the best robo-advised IRAs on the market, with a wealth of different asset classes and sectors available to investors. Plus, it has additional offerings, including a college savings plan and an interest cash account that works like a checking account, that allow you to save and invest for a number of goals.
Wealthfront is a good choice for “set-it-and-forget-it” investors who want to keep all their financial accounts in one place. Just remember: Wealthfront advisers are not easily available for those looking for real, live, human interaction.
