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 receive no compensation in these situations—because it’s just the right thing to do!

TD Essentials IRA vs Merrill Guided Investing IRA

TD Essentials is a great option if you want An automated portfolio and you have an existing banking or brokerage relationship with TD Ameritrade.

Consider Merrill Guided Investing if you want A simple automated portfolio with potential fee discounts for existing Bank of America and Merrill Lynch customers.

TD Essentials IRA

Automated

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Best if you wantAn automated portfolio and you have an existing banking or brokerage relationship with TD Ameritrade.
Fees0.30%
What they invest inAll digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
LimitationsThe user experience isn’t as intuitive as newer, digital-first institutions.
Human advisor available?Not at this time. TD does offer other accounts with human advisors, but they have higher fees and account minimums.
Account Minimums$5,000
Ease of Use2.5 stars
Customer SupportMix of online, call center, and branches.
Additional Info

Read our full review

Learn more about TD Ameritrade

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Merrill Guided Investing IRA

Automated

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Best if you wantA simple automated portfolio with potential fee discounts for existing Bank of America and Merrill Lynch customers.
Fees0.45%
What they invest inAll digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
LimitationsA platform that’s not quite as easy-to-navigate as newer institutions and comes with a higher fee.
Human advisor available?Only if you have more than $20,000 to invest and are willing to pay a higher fee (0.85%).
Account Minimums$1,000
Ease of Use2 stars
Customer SupportMix of online and call center.
Additional Info

Read our full review

Learn more about Merrill Lynch

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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.