.svg)
Empower is a personal finance and retirement platform that combines free financial tools with optional managed investment services. Users can connect all their financial accounts in one place to view investments, cash, credit, and other accounts through the Empower Dashboard, gaining a complete picture of their financial health without logging in to multiple platforms.
The platform offers a suite of financial planning tools including a Retirement Planner, Net Worth tracker, Budgeting and Cash Flow monitor, Portfolio Analysis, Savings Planner, Debt Paydown, Emergency Fund calculator, and Transactions viewer. These tools are designed to help users make smarter decisions about how they invest, spend, save, and plan for their future.
For users seeking personalized guidance, Empower offers advisory services through Empower Advisory Group. The Personal Strategy service provides one-on-one access to a financial advisor backed by a team of specialists, with a custom portfolio, tax optimization, and personalized financial planning available for accounts of $100,000 or more. The Private Client tier provides premium financial planning and highly personalized portfolio management including private equity, tax, and legacy planning for accounts of $1 million or more.
Additional product offerings include a High-Yield Cash Account with no account fees, no minimums, direct deposit, and aggregate FDIC insurance up to $5 million, as well as rollover IRAs, investment accounts with commission-free trading, and tax filing services. Empower also serves employers and plan sponsors through its workplace retirement business.
- Track all financial accounts including investments, cash, and credit in one unified dashboard
- Plan for retirement using scenario-based tools that simulate future income and expenses
- Analyze investment portfolio to identify fee inefficiencies and rebalancing opportunities
- Monitor monthly budgeting and cash flow to identify spending patterns and savings gaps
- Calculate and track net worth across all connected financial accounts in real time
- Roll over old employer retirement plan into a managed or self-directed IRA
- Invest in commission-free brokerage accounts with access to ETFs, mutual funds, and equities
- Earn interest on cash savings through a high-yield account with FDIC insurance up to $5 million
- Receive personalized investment advice from a dedicated financial advisor for accounts of $100K+
- Create a debt paydown strategy to reduce liabilities and improve credit standing
- Set up and monitor an emergency fund target based on personal financial situation
- Access tax optimization and legacy planning services for high-net-worth clients
