Hey Loriemarie, I’m sorry to hear about that Chase Bank situation. I have a similar story about the company that’s managing my traditional IRA. They’re also charging a 4% fee and they tried to explain it by telling me that it’s the funds that we are investing in that are responsible. However, that is not true. They are the ones that are adding the 4% fee.
I really recommend E*trade for setting up and managing your Roth IRA or traditional IRA. What I’ve really liked about E*trade is not only the different options that you have to choose from as far as what to invest in, but also the low (or sometimes non-existent) fees. You can set the mutual fund screener to find funds by Vanguard which fit your desires. As an example, I just set the screener to Vanguard > Balanced > Conservative Allocation and found 3 results … each of which carries only a transaction fee of $19.99. E*trade is great because you can invest in just about any index fund, mutual fund, ETF, whatever you want to put your money into. Also I don’t believe there’s any fee to set up an IRA, in fact they may even offer cash back incentives for starting an account with them. Most importantly, if you are not happy with the performance of the Vanguard funds than you can easily switch without having to set up a new Roth.
There’s also several other online solutions similar to e-trade. Here’s a link where I have reviewed several of them (http://www.investingiq.net/financial-re ... platforms/
). But generally, these different online services are going to give you more flexibility and going to be a less expensive option for you than going through some of the retail options that you mentioned in your question.
I hope this helps and good luck with your investing.