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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 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 E*TRADE Core Portfolios IRA

SoFi Automated is a great option 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.

Consider E*TRADE Core Portfolios if you want a well-diversified automated portfolio with the ability to incorporate socially-conscious investments in your portfolio (ESG) for no additional cost. Available on both desktop and mobile app.

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
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4 stars
Customer Support
Mix of online and call center.
E*TRADE

E*TRADE

Automated

Best if you want
A well-diversified automated portfolio with the ability to incorporate socially-conscious investments in your portfolio (ESG) for no additional cost. Available on both desktop and mobile app.
Fees
0.30% of your assets per year (e.g. $30 per year if you had $10,000 in assets).
What they invest in
All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
While E*TRADE does offer well diversified portfolios, you won’t have exposure to international bonds or real estate. However, E*TRADE does offer a unique smart beta ETF - this is a more actively traded investment portfolio that tries to outperform market index.
Human advisor available?
While no advisor is assigned to the account, users can call to consult a specialist, some of whom are Certified Financial Planners.
Account Minimums
$500
Ease of Use
Star filledStar filledStar filledStar filled
4 stars
Customer Support
Mix of online and call center.
Ready to move your old 401(k)?
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Compare SoFi Automated to another IRA product

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E*TRADE

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COMPARE

Compare E*TRADE Core Portfolios to another IRA product

Wealthfront

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TD Ameritrade

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SoFi

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