Best Rollover IRA Providers of 2023

Fidelity is our top choice for a self-directed rollover IRA. The account comes with no maintenance or advisory fees, and you can build your portfolio with a variety of investment choices, including stocks, bonds, mutual funds, ETFs and options. Fidelity even offers proprietary index funds with no expense ratio.

If you’ve always had your retirement plan managed by your employer and are new to IRAs, Fidelity has plenty of tools and resources to help you manage your retirement with confidence. You can access calculators, reporting features, chatbot support and even take four-week virtual courses on trading basics.

Wealthfront is the most accessible of the robo-advisors we evaluated, with an account minimum of just $500. The 0.25% management fee is typical amongst robo-advisor IRAs.

Where Wealthfront really shines is in the level of customization it offers, allowing investors to be as hands-on or hands-off as they like. You can choose from hundreds of investment options in 17 asset classes or choose a portfolio curated by Wealthfront’s experts, including socially responsible portfolios geared towards sustainability, diversity and equity.

Charles Schwab is a well-known player in the brokerage industry for its customer satisfaction — it scored the highest in overall investor satisfaction in J.D Power’s 2023 Full-Service Investor Satisfaction Study. Schwab’s rollover IRA has no account or maintenance fees and no commission on most online trades.

Investors can build their IRA portfolio with a wide selection of options, including over 2,000 ETFs across a range of asset classes and about 7,000 mutual funds. Schwab also offers a range of over two dozen Schwab ETFs with expense ratios as low as 0.03%.

Schwab Intelligent Portfolios® stands out from other robo-advisors because it doesn’t charge any advisory or management fees. When you open an account, you can choose your risk profile from conservative to aggressive growth and investment strategies that are U.S.-focused, global or income-focused.

Schwab’s robo-advisor chooses from a diversified portfolio of over 50 low-cost ETFs to create strategies that align with each investor’s individual needs. The only major drawbacks to using this provider are the $5,000 account minimum and that tax-loss harvesting is only available on balances of $50,000 or more.

Vanguard’s low-cost funds are some of the best on the market, and their rollover IRA lets investors build their portfolio with 160 proprietary mutual funds that have no transaction fees. These Vanguard funds might require a high minimum investment, but there is no minimum amount required to open an account.

A Vanguard IRA could be a good choice for investors who just want to “set it and forget it” without paying for a robo-advisor. The trading platform doesn’t have the robust tools and analytics of other providers, but if all you’re doing is tucking away retirement money in low-risk, low-cost funds, you won’t need all those bells and whistles anyway.

With Vanguard Digital Advisor, your rollover IRA portfolio will be filled with Vanguard’s own mutual funds and ETFs, renowned in the industry for their low expense ratios. The Digital Advisor’s algorithms will choose investments based on how you describe your risk assessment, current savings and investment timeline.

Vanguard Digital Advisor has a $3,000 account minimum and a typical advisory fee of 0.20%. However, new customers pay no advisory fees for the first 90 days of the account to help you start off right.

For investors who want to actively manage their portfolios, a rollover IRA from TD Ameritrade comes with tons of resources to boost your trading knowledge and confidence. The company’s suite of interactive investing tools includes a retirement calculator, a Compare Funds tool, an X-Ray tool to evaluate mutual fund holdings, personalized screeners, technical analysis and third-party research provided by top firms like Morningstar.

Hands-on investors will also enjoy TD Ameritrade’s varied range of investment options, including stocks, bonds, ETFs, annuities, futures and over 13,000 mutual funds. When considering a rollover IRA from TD Ameritrade, customers should note that the company’s recent acquisition by Charles Schwab means that all investment accounts will eventually be moved over to Schwab.

Those looking for the greatest variety of investment options might prefer a rollover IRA from E*TRADE. You can choose investments such as U.S.-listed stocks, ETFs, mutual funds and options trades, all without paying commissions or account fees. With over 6,500 mutual fund options, you can craft a portfolio that’s perfect for your goals and risk tolerance.

An E*TRADE rollover IRA might be especially attractive for investors with a conservative risk tolerance. The provider offers over 50,000 bond and CD offerings to build a portfolio designed with as little risk as desired.

Merrill Edge’s rollover IRA has no fees, no commission on stock, options or ETF trades, and a decent variety of mutual funds to build your portfolio. However, where Merrill Edge stands out is its ability to integrate with Bank of America accounts.

If you have a Bank of America checking account, for example, you can view balances and information about both your checking account and your Merrill IRA with a single mobile login. Merrill even allows you to transfer funds directly from your Bank of America account to your Merrill IRA instantly.