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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!

Wealthfront IRA vs Merrill Guided Investing IRA

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

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

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.
Merrill Lynch

Merrill Lynch

Automated

Best if you want
A simple automated portfolio with potential fee discounts for existing Bank of America and Merrill Lynch customers.
Fees
0.45%
What they invest in
All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
A 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 Use
Star filledStar filled
2 stars
Customer Support
Mix of online and call center.
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Compare Wealthfront to another IRA product

E*TRADE

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Merrill Lynch

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Ally

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COMPARE

Compare Merrill Guided Investing to another IRA product

Wealthfront

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TD Ameritrade

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SoFi

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