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Robo-Advisors, Discount Online Brokerages And Mutual Fund Companies

There are quite a few places nowadays that you can open a retirement account online. Most of them are going to be great options, and since they are online – most of them will have reasonable fees and commissions. 

These two tables list some of the more popular companies to hold your retirement account, and the fees and commissions you can expect with each.

Robo-AdvisorAssets Under Management (AUM)Annual FeeAccount MinimumBonusesReview
Wealthfront$10.5 billion0.25% of account balance$500$5k managed FREE (Bible Money Matters readers) Review
Betterment$9 billion0.25% of account balance. 0.40-0.50% w/ human advisorsNoneUp to one year managed FREE Review
M1 Finance$100 millionFREE (fees for add-on services)None Review
Blooom$3 billion$10/month any account sizeNoneFREE 401(k) Checkup Review
WiseBanyan$80 millionFREE (fees for add-on services)None Review
Acorns$257 million$1/month under $5k. 0.25% of account balance above $5k. Free for college students.None Review
Stash Invest$200 million$1/month under $5k. 0.25% of account balance above $5k. $5$5 New Account Bonus (Bible Money Matters readers) Review
SigFig$120 millionUnder $10k FREE; 0.25% of account balance above $10k $2,000
Personal Capital$4.3 billion0.49% to 0.89% of account balance$25,000 Review
Wealthsimple$1 billion$0-$99,999 0.50%/yr; $100k+ 0.40%/yrNoneUp to a $100 sign-up bonus (Bible Money Matters readers) Review
Charles Schwab$15.9 billionFREE (They require you to hold 6-30% of portfolio in cash)$5,000
Fidelity GoN/A0.35% of account balance; $5,000
Vanguard$65 billion0.30% of account balance$50,000

Brokerage Companies

 Account MinimumMutual Fund CommissionStock CommissionAnnual IRA FeeReview
BettermentnoneIncluded in 0.15-0.35% annual fee.Included in 0.15-0.35% annual fee.noneBetterment Review
Wealthfront$500Included in fees. FREE up to $10,000. 0.25% annual fee for balances over $10,000.Included in fees. FREE up to $10,000. 0.25% annual fee for balances over $10,000.noneWealthfront Review
TD Ameritradenone$0$9.99noneTD Ameritrade Review
Kapitall Generationnone$7.95noneKapitall Review
EtradenoneUp to $19.99$9.99none
Motif Investingnone$9.95 (per motif/bundle of stocks)Motif Investing Review
Capital One Investingnone$19.95$6.95 none
optionsXpressnone$9.95$9.95noneoptionsXpress Review
Schwab$1,000?$8.95none
Fidelitynone$0$7.95none
Scottrade$500$17$7.00noneScottrade Review
Vanguardnone$0$7.00$20
Ally Investnone$9.95$4.95none

On a related note, check out our post on the best place to open a Roth IRA, as well as the top 5 robo-advisors.

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