Reviewed by
Stang Gappa
Reviewed by
Stang Gappa
Updated on May 29, 2024
Learn about our Editorial Process
TD Ameritrade offers an automated IRA with no management fee and a wide range of portfolio options.
Merrill offers a simple, automated IRA with customizable portfolios and potential fee discounts for existing Bank of America and Merrill Lynch customers.
TD Ameritrade was acquired by Charles Schwab in 2020. We also have a comprehensive review of Charles Schwab’s Intelligent Portfolios Automated IRA.
A Merrill Guided Investing IRA is a great option for beginner and hands-off investors who want a straightforward, automated portfolio with human oversight. Current Bank of America or Merrill customers may be eligible for a discount on the annual account management fee.
TD Ameritrade was acquired by Charles Schwab in 2020. We also have a comprehensive review of Charles Schwab’s Intelligent Portfolios Automated IRA.
Bank of Ameria customers and current Merrill customers who meet required account balance minimums may be eligible for Merrill’s Preferred Rewards – a perk that includes lower management fees.
TD Ameritrade was acquired by Charles Schwab in 2020. We also have a comprehensive review of Charles Schwab’s Intelligent Portfolios Automated IRA.
Beginner and hands-off investors might appreciate the simple, customizable portfolios offered by a Merrill Guided Investing automated IRA, especially if they currently have an account with Merrill or Bank of America. However, an account will come with higher management fees and account minimums than some other providers who offer a similar service.
If you’re looking to fund your Merrill Guided 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) rollover in just a few minutes.
