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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!

SoFi Automated IRA vs Ally Invest IRA

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SoFi Automated is a great option if you want a zero-fee portfolio from a Milennial-focused brand with a range of other financial products like student loan refinancing and debit cards.

Consider Ally Invest if you want an automated IRA from a leading digital bank offering a range of other financial products (incl. bank accounts & mortgages).

SoFi

SoFi

Automated

Open an Account
Best if you want
A zero-fee portfolio from a Milennial-focused 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 porfolio 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 filledStar filled
5 stars
Customer Support
Mix of online and call center
Additional Info

Read our full review

Learn more about SoFi

Ally

Ally

Automated

Open an Account
Best if you want
An automated IRA from a leading digital bank offering a range of other financial products (incl. bank accounts & mortgages).
Fees
0%
What they invest in
All digital advisors create a diversified porfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
Ally's 0% fee only applies to the "Cash-Enhanced" portfolio which allocates 30% of your assets into cash. Their Market-focused portfolio charges 0.30%, though that's still reasonable.
Human advisor available?
Not at this time, though you'll get access to Ally's call center support.
Account Minimums
$100
Ease of Use
Star filledStar filledStar filledStar half
3.5 stars
Customer Support
Mix of online and call center.
Additional Info

Read our full review

Learn more about Ally

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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