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Empower at a Glance
| Our Rating | 4.4 / 5 |
|---|---|
| Best For | Tracking net worth and planning retirement |
| Free Tools | Net worth, retirement planner, fee analyzer |
| Advisory | Paid, for larger balances |
What Is Empower?
Empower pairs a popular free financial dashboard with paid wealth management. You link accounts to see everything in one place, then optionally work with an adviser.
Free users can expect follow-up from the advisory team.
Pros & Cons
Pros
- Free dashboard to track net worth, spending and investments
- Retirement planner and fee analyzer
- Optional human advisers for larger portfolios
- Established financial company
Cons
- Advisory minimums are high
- Advisory fees are a percentage of assets
- Free tools lead to sales outreach
How Empower Works
Link accounts
Connect banks, cards and investments.
Use planning tools
Run the retirement planner and fee analyzer.
Optionally hire an adviser
Consider advisory if your balance qualifies.
Safety & What to Know
Advisory fees reduce returns; compare them to low-cost index options.
Read the disclosures on sales contact after signing up.
Empower Pricing
| Dashboard | Free |
|---|---|
| Wealth management | Percentage of assets under management, tiered |
Fee tiers and minimums are set by Empower and can change.
Who Empower Is For
A good fit if you
- You want one view of all your money
Look elsewhere if you
- You want a pure DIY, no-sales experience
How Empower Compares
Crew handles everyday checking. See the Best Digital Banking and Wealth Apps.
Frequently Asked Questions
Our Verdict
★ 4.4 out of 5
Empower offers excellent free tracking tools. Treat the paid advisory as optional and compare its cost.
See the full Best Digital Banking and Wealth Apps ranking →
Reviewed by
Sarah MitchellSenior Finance Editor
Sarah Mitchell is a certified financial planner with 12 years of experience covering personal finance, credit cards, and investment products. She has been quoted in The Wall Street Journal, Forbes, and Bloomberg. Sarah holds a CFP designation and an MBA from Wharton. She tests every financial product she reviews and consults with independent financial advisors to ensure accuracy.