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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 Wealthfront 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 Wealthfront if you want a low-fee automated portfolio with a user interface that's simple and easy-to-use.

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.
Wealthfront

Wealthfront

Automated

Best if you want
A low-fee automated portfolio with a user interface that's simple and easy-to-use.
Fees
0.25%
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?
Not at this time.
Account Minimums
$500
Ease of Use
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5 stars
Customer Support
Mix of online and call center.
Ready to move your old 401(k)?
Don’t lose track of your money. We make it easy to find and move your old 401(k) to a new account of your choice - for free.
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Compare SoFi Automated to another IRA product

Wealthfront

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E*TRADE

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Merrill Lynch

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COMPARE

Compare Wealthfront to another IRA product

E*TRADE

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Merrill Lynch

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Ally

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