Traditional IRA - Spouse

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I want to open a traditional IRA for spouse ($5500 for 2016) as her workplace doesnt offer 401k yet and our combined income is less than the threshold.Initially I thought will open with Merril Edge as we have a joint BOA checking and I have a roll over IRA too there (platinum access).I chatted with ME rep and he said to open an account separately and after approval link it to my exisiting userid.Is there a better option for this IRA?

How about Wealthfront/Betterworks/Wisebanyan or any robo advisors?I'm looking at minimum fees and good options to invest. Any new member bonus?

Appreciate your inputs.

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If you want Investment options with low fees (in particular Index funds) - seek no further than Vanguard.

If you want more options (that typically come with higher fees) then you would obviously need to seek elsewhere - Fidelity comes to mind.

Merrill Edge may make sense if you qualify for Platinum Honors for the juicy credit card rewards. Otherwise, Vanguard is cheaper and therefore better.



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