Top Rollover IRA accounts for 2023

• Best for investors who want guidance. SoFi offers free automated investing and unlimited personalized financial advice from a robo-advisor or a licensed human investment advisor at no additional cost.

SoFi offers some of the most competitive pricing on our list. In addition to commission-free stocks and exchange-traded funds (ETFs), it offers free account transfers, and there's no annual management fee to use the platform's robo-advisor — which is rare in the financial industry. What's more, through December 31, 2023, earn a 1% match from SoFi on contributions to your active or automated IRA, up to the annual limit. That means if you're under 50 and contribute up to the 2023 limit of $6,500, SoFi will contribute $65. If you're age 50 or older and contribute up to the 2023 limit of $7,500, SoFi will contribute $75.

For those who want access to a human advisor, SoFi's licensed investment specialists are standing by. This makes SoFi a practical fit for both hands-on and hands-off retirement-focused investors. Whether you're keen to buy and sell your own securities or let an algorithm do it for you, SoFi's active and automated Roth IRAs may fit the bill.

This brokerage is a practical fit for new traders seeking access to stocks and ETFs. Mobile app reviews suggest that the platform is intuitive and receives high praise from both Apple and Android users.

SoFi's major drawback is its limited asset offerings. While you can invest in stocks and ETFs in your Roth IRA via SoFi, you cannot invest in cryptocurrencies in it.

• Pros and cons

  Pros

  • Earn a 1% match from SoFi up to the annual contribution limit
  • Free automated investing
  • Credentialed human investment specialists standing by $1 minimum investment
  • No trading commission fees

  Cons

  • Limited investment options
  • Limited research tools

• More details

  Retirement account types	Roth, Traditional, SEP, Rollover
  Available asset types	Stocks, ETFs
  Minimum deposit	$0
  Signup bonus	Get up to $1,000 in stock when you fund a new account within 30 days.

• Best for experienced traders and investors who want exposure to options and futures contracts alongside stocks and ETFs in their Roth IRA.

Tastytrade is best known as an options broker for highly experienced investors. The platform provides you with an assortment of tools to help you to execute your trades with precision.

There are no fees associated with opening and maintaining a Roth IRA with Tastytrade, aside from the normal trading fees the brokerage charges. If you close your Roth IRA account with Tastytrade, though, you’ll have to pay a $60 fee.

Tastytrade provides an array of educational resources and its customer support staff is easy to contact via phone.

However, Tastytrade isn’t necessarily the best platform for newbies or those who want to employ a set-it-and-forget-it investment strategy. Instead, it’s great for seasoned traders who are looking for exposure to options and futures contracts as well as stocks and ETFs in their Roth IRA.

• Pros and cons

  Pros

  • Offers options and futures contracts as well as stocks and ETFs
  • Great educational resources
  • Easy-to-reach customer support staff
  • Minimal fees

  Cons

  • Can be overwhelming to less-experienced investors
  • Fixed income instruments are only available by request

• More details

  Retirement account types	Roth, Traditional, SEP, Rollover, Beneficiary Traditional, Beneficiary Roth
  Available asset types	Stocks, Options, ETFs, Cryptocurrency, Futures
  Annual fee	0%
  Minimum deposit	$0
  Signup bonus	Get $100 - $5,000 when you you open and fund an account with $5,000 to $100,000+

• Best for investors who are near retirement age and looking for access to a human advisor and an auto-rebalancing function for their portfolio. While you need a minimum of $50,000 in assets to enroll, the advisory fees are nominal compared to competitors.

When you enroll with Vanguard PAS, you get access to a robo-advisor that helps you to continually rebalance your portfolio based on your needs and goals as well as unlimited access to a human financial advisor. The advisors at Vanguard PAS are not paid a commission, so you can be sure that you are receiving unbiased advice from a fiduciary.

Vanguard charges a 0.3% fee to use its PAS platform, and you must have a minimum of $50,000 in assets to invest if you want to use the platform. Competitors like Personal Capital or Betterment Premium require a minimum of $100,000 to use their personal advisor services platforms.

Once enrolled in Vanguard PAS, you can invest in Vanguard’s selection of over 160 in-house mutual funds and ETFs in your Roth IRA. Plus, you can get exposure to fixed income products as well as socially responsible/ESG product options. And there are no fees for any of the purchases, sales or trades that you make within your portfolio.

• Pros and cons

  Pros

  • Access to both a robo-advisor and a human fiduciary advisor
  • Minimal 0.3% advisory fee
  • Offers exposure to various financial products including mutual funds, ETFs and fixed income products

  Cons

  • Requires a $50,000 portfolio balance
  • No tax-loss harvesting feature

• More details

  Retirement account types	Roth, Traditional, Spousal
  Available asset types	Stocks, Mutual funds, ETFs, Treasury Bills
  Annual fee	0.04%
  Minimum deposit	$50,000
  Signup bonus	N/A

• Best for investing small amounts Acorns rounds-up your debit or credit card purchases to the nearest dollar and enables you to invest the difference.

Acorns Later is the name of the division of Acorns that allows you to invest for your retirement. One of the products that Acorns Later offers is a Roth IRA, which allows you to save for your retirement with automatic round-ups on purchases.

Through Acorns Later, you can get exposure to stocks, ETFs, bonds, REITs and even a Bitcoin-linked ETF.

Keep in mind, though, that the platform charges a $5 monthly maintenance fee for this account, while a number of other platforms that offer Roth IRAs don’t charge such a fee. With that said, Acorns doesn’t charge any fees for trades.

And you might find the $5 fee worth it, as Acorns Later will automatically adjust your Roth IRA portfolio weighting depending on your age, investment goals and risk tolerance.

• Pros and cons

  Pros

  • Allows you to invest in your Roth IRA with your ''spare change''
  • Automatically adjusts waiting of your Roth IRA portfolio depending on certain variables
  • Offers exposure to a range of investment vehicles including stocks, ETFs, bonds, REITs
  • Intuitive app interface

  Cons

  • $5 monthly maintenance fee for Roth IRA
  • $35 fee for each ETF that you transfer to another platform

• More details

  Retirement account types	Roth, Traditional, SEP
  Available asset types	ETFs
  Annual fee	$3 per month
  Minimum deposit	$0
  Signup bonus	N/A

• Best for investors looking for a platform to partially match their Roth IRA contributions Robinhood contributes 1% for every dollar you invest into your Roth IRA on its platform.

Robinhood offers commission-free trades and zero management fees for its Roth IRA product.

And not only does Robinhood not charge fees, but it actually gives you money when you invest in your Roth IRA on the platform. Robinhood matches 1% on every dollar you contribute to your IRA, which can add up as your investment compounds over time.

It’s worth noting, though, that you can only invest in stocks and ETFs via Robinhood’s Roth IRA. Your investments on the platform are protected up to $500k, as Robinhood is a member of SIPC (Securities Investor Protection Corporation).

Also, keep in mind that the platform’s customer support is lacking as compared to bigger platforms like Fidelity or Charles Schwab. So, if you’re looking for some one-to-one help as you build your nest egg, Robinhood might not be the best choice for you.

• Pros and cons

  Pros

  • 1% matching for all of your Roth IRA contributions
  • Commission-free trades and zero management fees
  • Funds are protected up to $500k under SIPC coverage
  • Easy-to-use app

  Cons

  • Reports of poor customer service on Trustpilot
  • Limited investment options

• More details

  Retirement account types	Roth, Traditional
  Available asset types	Stocks, Options, ETFs
  Annual fee	0%
  Minimum deposit	$0
  Signup bonus	Get free stock when you successfully sign up and link your bank account.

• Best for hybrid investors. M1’s automation and manual order capabilities makes it suitable for investors who want the option to set it and forget it or take the reins and manage their own portfolio.

M1 Finance is one of the more unique robo-advisors on the market. It offers automated portfolio rebalancing, yes — but it also allows investors to select their own portfolio holdings.

When you sign up for an M1 Finance Roth IRA, it prompts you to pick at least three investment slices to begin building your portfolio – or your “pie” as M1 likes to call it. It also asks to give each allocation an assigned weight, so M1 Finance knows how to prioritize your selections.

After that, M1 Finance is responsible for automatically rebalancing your portfolio and runs much like a traditional robo-advisor. M1 will only rebalance your portfolio using trades with new cash. It won’t sell an existing position or initiate a rebalance of your portfolio without your instruction.

You need at least $500 to get started, and there's no annual management fee. But M1 Finance doesn't offer true self-directed trading accounts, so active traders will need to look elsewhere.

• Pros and cons

  Pros

  • Fractional share investing
  • Passive and partially-active trading options
  • No portfolio management or trading fees

  Cons

  • High minimum deposit
  • Will not automatically reallocate the funds you've already invested

• More details

  Retirement account types	Roth, Traditional, SEP, Rollover
  Available asset types	Stocks, ETFs
  Minimum deposit	$500
  Signup bonus	N/A