Charles Schwab Roth IRA
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No minimums, $0 trades, and access to Schwab's index funds with 0.03% expense ratios. 24/7 customer support.
ABest for Banking Integration
Charles Schwab matches Fidelity on fees ($0 account fees, $0 commissions) and offers Schwab Intelligent Portfolios — a robo-advisor with no advisory fee (though it holds a cash allocation that generates revenue). Schwab Slices allows fractional purchases of S&P 500 stocks, and Schwab's checking account integration makes it the strongest choice if you want banking and investing in one institution. Research depth rivals Fidelity with access to Morningstar, Schwab Equity Ratings, and third-party analyst reports.
Pros
- $0 account fees with access to free robo-advisor option (Schwab Intelligent Portfolios)
- Seamless checking/savings banking integration for transfers
- Deep third-party research including Morningstar access
Cons
- Schwab Intelligent Portfolios holds a cash allocation (1-10%) that drags returns vs. fully invested alternatives
- Fractional shares limited to S&P 500 stocks, not all ETFs
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