Best Rollover IRA Providers
Rolling your old 401(k) over into an IRA can give you more control over your investments. Here's a list of the best brokers for an IRA rollover.
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When leaving a job, many people also leave their most valuable retirement asset behind: their 401(k), which sits where it is until retirement, quietly amassing fees.
But you can — and in most cases should — roll your 401(k) over to an IRA. Depending on your plan and what you'd like to invest in, 401(k) fees can be high. You may save money and find a wider range of investment options by rolling it over to an IRA.
The toughest part is usually choosing an IRA account provider, but that’s where we come in. Here are NerdWallet’s picks for the best IRA providers for your IRA rollover.
When leaving a job, many people also leave their most valuable retirement asset behind: their 401(k), which sits where it is until retirement, quietly amassing fees.
But you can — and in most cases should — roll your 401(k) over to an IRA. Depending on your plan and what you'd like to invest in, 401(k) fees can be high. You may save money and find a wider range of investment options by rolling it over to an IRA.
The toughest part is usually choosing an IRA account provider, but that’s where we come in. Here are NerdWallet’s picks for the best IRA providers for your IRA rollover.
Best Rollover IRA Providers
| Broker | NerdWallet rating | Fees | Account minimum | Promotion | Learn more |
|---|---|---|---|---|---|
 Charles Schwab Learn more on Charles Schwab's website | Best for Hands-On Investors | $0 per trade | $0 | None no promotion available at this time | Learn more on Charles Schwab's website |
 Interactive Brokers IBKR Lite Learn more on Interactive Brokers' website | Best for Hands-On Investors | $0 per trade | $0 | None no promotion available at this time | Learn more on Interactive Brokers' website |
 J.P. Morgan Self-Directed Investing Learn more on J.P. Morgan's website | Best for Hands-On Investors | $0 per trade | $0 | Get up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money. | Learn more on J.P. Morgan's website |
 E*TRADE IRA Learn more on E*TRADE's website | Best for Hands-On Investors | $0 | $0 | None no promotion available at this time | Learn more on E*TRADE's website |
 Fidelity IRA Learn more on Fidelity's website | Best for Hands-On Investors | $0 no account fees to open a Fidelity retail IRA | $0 | None no promotion available at this time | Learn more on Fidelity's website |
Our pick for
Hands-On Investors
$0
per trade
$0
None
no promotion available at this time
Pros
No minimum investment.
No inactivity fees.
Above-average mobile app.
Large selection of no-transaction-fee mutual funds.
Commission-free stock, ETF and options trades.
Cons
Low interest rate on uninvested cash.
High fee for transaction-fee funds.
Why We Like It
Charles Schwab is one of the best overall IRA providers, with high-quality customer service, no account minimum and low fees. The company offers a large selection of no-transaction-fee funds and charges no commission for stock, options and ETF trades.
$0
per trade
$0
None
no promotion available at this time
Pros
Large investment selection.
Strong research and tools.
Over 19,000 no-transaction-fee mutual funds.
High order execution quality.
Cons
High minimum to earn interest on uninvested cash.
Why We Like It
Interactive Brokers' IBKR Lite is a strong option for frequent traders: The broker offers international trade capabilities, no stock-trading commission and a quality trading platform.
$0
per trade
$0
Get up to $700
when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
Pros
Easy-to-use platform.
$0 commissions.
App connects all Chase accounts.
No account minimum.
Cons
Limited tools and research.
Portfolio Builder tool requires $2,500 balance.
Low interest rate on uninvested cash.
Why We Like It
J.P. Morgan Self-Directed Investing is a clear-cut investment platform that is great for beginners looking to learn how to buy and sell investments. More advanced investors, however, may find it lacking in terms of available assets, tools and research. INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
$0
no account fees to open a Fidelity retail IRA
$0
None
no promotion available at this time
Pros
$0 trade commissions.
Low-cost index funds and mutual funds.
Retirement planning tools.
Strong customer support.
Free research and data.
Cons
Relatively high broker-assisted trade fee.
Why We Like It
Many investors are familiar with Fidelity as a provider of 401(k) plans — the broker is one of the biggest names in employee retirement accounts. It can be convenient to also have an IRA under the same roof, because you'll be able to seamlessly view all account balances in one place. But even for those who don't have a 401(k) with Fidelity, the company offers access to low-cost retirement investments and innovative tools to help you plan for retirement and check in on your progress.
$0
per trade
$0
None
no promotion available at this time
Pros
Large mutual fund selection.
Commission-free stock, options and ETF trades.
Leader in low-cost funds.
High interest rate on uninvested cash.
High order execution quality.
Cons
Basic trading platform only.
Limited research and data.
Why We Like It
Vanguard is the king of low-cost investing, making it ideal for buy-and-hold and retirement investors. But active traders will find the broker falls short despite its $0 trade commission, due to the lack of a strong trading platform.
Our pick for
Hands-Off Investors
4.9
/5Reviewed in: Oct. 2023
Period considered: Aug. - Oct. 2023
on SoFi Invest's website
AD
Paid non-client promotion
0%
management fee
$0
SoFi will match 1% of your contributions to your IRA
Only offers made via ACH are eligible for the match. ACATs, wires, and rollovers are not included. Offer ends 12/31/23.
Pros
Broad range of low-cost investments.
Free management.
Automatic rebalancing.
Customer support.
Access to certified financial planners.
Cons
Limited account types.
No tax-loss harvesting.
Why We Like It
Free management and access to financial advisors and career counselors make SoFi Automated Investing a solid choice for beginning and younger investors. **Only offers made via ACH are eligible for the match. ACATs, wires, and rollovers are not included. Offer ends 12/31/23.
4.6
/5Reviewed in: Oct. 2023
Period considered: Aug. - Oct. 2023
on Fidelity's website
AD
Paid non-advisory client promotion
0% - 0.35%
management fee
$0
None
no promotion available at this time
Pros
Free management on balances under $25,000.
No investment-expense ratios.
Human portfolio oversight.
Integration with other Fidelity accounts.
Cons
No tax-optimization assistance.
Why We Like It
Fidelity's robo-advisor, Fidelity Go, frequently makes our list of the best robo-advisor for its low fees — including free management on balances below $25,000 — integration with other Fidelity accounts and its use of Fidelity Flex funds, which have no expense ratios.
5.0
/5Reviewed in: Oct. 2023
Period considered: Aug. - Oct. 2023
on Wealthfront's website
AD
Paid non-client promotion
0.25%
management fee
$500
Get $50 customer bonus
when you fund your first taxable Investment Account
Pros
Get $50 customer bonus when you fund your first taxable Investment Account (NerdWallet promotion).
Automatic rebalancing.
Digital financial planning tools.
Low management fee.
Cons
No access to human advisors.
No fractional shares.
Why We Like It
Wealthfront takes the hassle out of IRA investing. The robo-advisor manages accounts by constructing portfolios out of low-cost ETFs, with a flat and low-cost fee structure that appeals to investors seeking a hands-off approach. What’s more, the company has built client trust by offering free management on the first $5,000 invested (for NerdWallet readers).
5.0
/5Reviewed in: Oct. 2023
Period considered: Aug. - Oct. 2023
on Betterment's website
AD
Paid non-client promotion
0.25%
with a balance over $20K or qualifying recurring deposit. Otherwise, $4/month.
$0
$10 to start
None
no promotion available at this time
Pros
Multiple investment options.
Robust goal-based tools.
Fractional shares mean all your cash is invested.
Low management fee.
Cons
Additional fee for access to financial advisors.
Why We Like It
With its low-cost ETFs, automatic rebalancing, extensive tax strategies and retirement advice, Betterment is a strong bet for retirement investors. Betterment’s planning tools include advice on “asset location” — which types of investments are best for different types of accounts — and investors can sync outside accounts, as well.
4.8
/5Reviewed in: Oct. 2023
Period considered: Aug. - Oct. 2023
on Vanguard's website
AD
Paid non-client promotion
0.15%
per year (approximately)
$3,000
No advisory fees
your first 90 days of Vanguard Digital Advisor investment management (Enrollment requires a Vanguard account with a minimum of $3,000)
Pros
Access to Vanguard’s investing expertise and ETFs.
Low management fee relative to competitors.
Low investment expense ratios and no additional account fees.
Cons
Limited portfolio options and customization.
Why We Like It
Vanguard Digital Advisor is an affordable robo-advisory service using several of Vanguard’s key ETFs to create a personalized retirement plan and portfolio for investors.
4.7
/5Reviewed in: Oct. 2023
Period considered: Aug. - Oct. 2023
on Ellevest's website
AD
Paid non-client promotion
$12
per month
$0
2 months free
with promo code "nerdwallet"
Pros
No account minimum.
Goal-focused investing approach.
Portfolio mix that factors women’s needs.
A la carte sessions with coaches and CFPs.
Cons
No tax-loss harvesting.
Why We Like It
Ellevest offers a single flat-fee plan which costs $12 a month. Clients get discounted access to professional financial planning, free educational resources and the only investing platform that factors in women’s pay gaps, career breaks and longer lifespans. Ellevest also offers Private Wealth Management for investors with $1 million or more.
Want to compare more options? Here are our other top picks:
Last updated on December 1, 2023
Methodology
NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers and robo-advisors. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.
We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).
For more details about the categories considered when rating providers and our processes, read our full broker ratings methodology and our full robo-advisor ratings methodology
To recap our selections...
NerdWallet's Best Rollover IRA Providers
- Charles Schwab: Best for Hands-On Investors
- Interactive Brokers IBKR Lite: Best for Hands-On Investors
- J.P. Morgan Self-Directed Investing: Best for Hands-On Investors
- E*TRADE IRA: Best for Hands-On Investors
- Fidelity IRA: Best for Hands-On Investors
- SoFi Automated Investing: Best for Hands-Off Investors
- Fidelity Go®: Best for Hands-Off Investors
- Wealthfront IRA: Best for Hands-Off Investors
- Betterment IRA: Best for Hands-Off Investors
- Vanguard Digital Advisor: Best for Hands-Off Investors
- Ellevest: Best for Hands-Off Investors
- Ally Invest Robo Portfolios: Best for Hands-Off Investors
- Firstrade: Best for Hands-On Investors
- Merrill Edge® Self-Directed: Best for Hands-On Investors
- Schwab Intelligent Portfolios®: Best for Hands-Off Investors
- Vanguard: Best for Hands-On Investors
