0 offers selected
BEST OF

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.

Alana Benson
By Alana Benson 
Edited by Arielle O'Shea

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.


The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

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.


Why you can trust NerdWallet's picks: Our writers and editors together have more than 50 years of experience writing about finance, and follow strict guidelines to maintain editorial integrity. We do a deep, independent analysis of dozens of investment firms, sorting through the details to find and evaluate the information investors want when choosing an investing account. To see our full methodology and learn more about our process, read our criteria for evaluating brokers and for evaluating robo-advisors.

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.


Why you can trust NerdWallet's picks: Our writers and editors together have more than 50 years of experience writing about finance, and follow strict guidelines to maintain editorial integrity. We do a deep, independent analysis of dozens of investment firms, sorting through the details to find and evaluate the information investors want when choosing an investing account. To see our full methodology and learn more about our process, read our criteria for evaluating brokers and for evaluating robo-advisors.
🤓Nerdy Tip

Rollovers from a 401(k) don't count toward the annual IRA contribution limits. In addition to the rollover, you can directly contribute up to a maximum of $7,000 for 2024 ($8,000 if age 50 or older).

Best Rollover IRA Providers

Our pick for

Hands-On Investors

NerdWallet rating 

4.9

/5
Charles Schwab
Learn more

on Charles Schwab's website

Fees

$0

per online equity trade

Account minimum

$0

Promotion

None

no promotion available at this time

Pros

  • No account minimum.

  • Above-average mobile app.

  • Large selection of no-transaction-fee mutual funds.

  • Commission-free stock, ETF and options trades.

  • Strong retirement planning tools.

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, gives users access to extensive research and charges no commission for stock, options and ETF trades.

Best Online Broker for Advanced Traders 2024

NerdWallet rating 

5.0

/5
Interactive Brokers IBKR Lite
Learn more

on Interactive Brokers' website

Fees

$0

per trade

Account minimum

$0

Promotion

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

Don't let the name fool you: IBKR Lite offers commission-free stock trading (including international trade capabilities), more than 19,000 mutual funds, and a well-featured platform.

NerdWallet rating 

4.2

/5
J.P. Morgan Self-Directed Investing
Learn more

on J.P. Morgan's website

Fees

$0

per trade

Account minimum

$0

Promotion

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

NerdWallet rating 

4.2

/5
Vanguard
Learn more

on Vanguard's website

Fees

$0

per trade

Account minimum

$0

Promotion

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. It offers a top-notch selection of proprietary, low-cost mutual funds, including many ESG options. Despite its $0 trade commission, active traders will find the broker falls short due to the lack of a strong trading platform.

Best Broker for IRA Investors 2024

NerdWallet rating 

5.0

/5
Fidelity IRA
Fees

$0

no account fees to open a Fidelity retail IRA

Account minimum

$0

Promotion

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 (including no-fee, no-minimum index funds) and innovative tools to help you plan for retirement and check in on your progress.

Our pick for

Hands-Off Investors

Best Robo-Advisor for Low-Cost Investing 2024

NerdWallet rating 

4.8

/5

Reviewed in: Oct. 2023

Period considered: Aug. - Oct. 2023

Vanguard Digital Advisor
Learn more

on Vanguard's website

AD

Paid non-client promotion

Fees

0.15%

per year (approximately)

Account minimum

$3,000

Promotion

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 that uses several of Vanguard’s key ETFs to create a personalized retirement plan and portfolio. But Vanguard Digital Advisor doesn't offer much portfolio customization or access to a human advisor.

NerdWallet rating 

4.7

/5

Reviewed in: Oct. 2023

Period considered: Aug. - Oct. 2023

Ellevest
Learn more

on Ellevest's website

AD

Paid non-client promotion

Fees

$12

per month

Account minimum

$0

Promotion

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 — that's on the pricier end of robo-advisors. Clients get discounted access to professional financial planning, alongside free educational resources and the only investing platform that factors in women’s pay gaps, career breaks and longer lifespans. Ellevest does not include any banking options.

NerdWallet rating 

5.0

/5

Reviewed in: Oct. 2023

Period considered: Aug. - Oct. 2023

Betterment IRA
Learn more

on Betterment's website

AD

Paid non-client promotion

Fees

0.25%

with a balance over $20K or qualifying recurring deposit. Otherwise, $4/month.

Account minimum

$0

$10 to start

Promotion

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

Betterment offers a powerful combination of goal-based tools, affordable management fees and no account minimum. Betterment has a wide range of investments, including socially responsible and crypto portfolios and gives clients access to Roth, traditional, inherited, rollover and SEP IRAs.

NerdWallet rating 

5.0

/5

Reviewed in: Oct. 2023

Period considered: Aug. - Oct. 2023

Wealthfront IRA
Learn more

on Wealthfront's website

AD

Paid non-client promotion

Fees

0.25%

management fee

Account minimum

$500

Promotion

Get a $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 is our highest-scoring robo-advisor thanks to its blend of automated investment portfolios and DIY stock investing portfolios, its wide variety of account options, excellent tax strategy and low management fee. Wealthfront offers Roth, traditional, rollover and SEP IRAs, along with backdoor Roth conversions and 401(k) rollovers.

NerdWallet rating 

4.9

/5

Reviewed in: Oct. 2023

Period considered: Aug. - Oct. 2023

SoFi Automated Investing
Learn more

on SoFi Invest's website

AD

Paid non-client promotion

Fees

0%

management fee

Account minimum

$0

Promotion

1% match on IRA contributions

Only offers made via ACH are eligible for the match. ACATs, wires, and rollovers are not included.

Pros

  • Broad range of low-cost investments.

  • Free management.

  • Automatic rebalancing.

  • Customer support.

  • Access to certified financial planners.

  • 1% match on IRA contributions.

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. Unfortunately there is limited tax strategy and no socially responsible portfolio.

NerdWallet rating 

4.3

/5
Robinhood IRA
Learn more

on Robinhood's website

Fees

$0

Account minimum

$0

Promotion

1% match

on eligible contributions up to IRA contribution limits.

Pros

  • No account minimum.

  • Streamlined interface.

  • IRA with 1% match.

  • Investment recommendations.

Cons

  • No mutual funds or individual bonds.

  • Limited customer support.

Why We Like It

Robinhood shook up the IRA market with its 1% match on contributions — an offer that is typically only common among employer retirement plans.

Want to compare more options? Here are our other top picks:

Last updated on June 19, 2024

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