Which financial institution is currently the best for retirement accounts?

I want to identify the best financial institution for opening a Roth IRA. It must have quality mutual funds with no load or transactions fees. I want to make monthly payments (~$200) and have that money immediately converted to shares of the mutual fund that I choose. So far, Fidelity and Charles Schwab will allow automatic monthly payments. Unfortunately, Chuck requires that the minimum for the mutual funds (usually $1000) is met before automatic purchases of a fund can be completed monthly. Fidelity will lower $2500 minimums to $300. Does anyone have experience with these financial institutions or another with a better policy?|||Fidelity is one of the best fund shops around, have a very good reputation, and they have an incredibly wide variety of funds.





I will also second the recommendation for Vanguard, which have a slight edge over Fidelity in keeping their customers needs first, and keeping overall fees low -- in fact, it was largely Vanguard's competition that forced Fidelity to lower many of their fees over the last few years.





As a mutual fund shop, you wouldn't go wrong with either Vanguard or Fidelity, and I might also add T. Rowe Price in there as a close third. Note that I am not recommending each and every one of their long list of funds -- if you have as many as Fidelity does, there will be a few turkeys in the flock. But overall as a fund company they are recommended.|||For mutual funds, I recommend Vanguard, hands down. They will automatically withdraw money from your checking or saving account on a monthly basis and deposit into mutual fund. Their funds have no transaction fees and the lowest operating fees.|||T. Rowe Price has many great mutual funds and will allow you to start with only $50 if you agree to have at least $50 (The lowest minimum I have found) electronically taken out of your bank account each and every month until you reach their usual minimum of $2500 ($1000 for IRAs), so T. Rowe will gladly accept your $200 per month.