Is empower a good investment platform?

Bottom line: Empower (formally Personal Capital) is an all-encompassing wealth management and investing platform for financial planning services, retirement planning, and advisor-managed accounts. Its wealth management services have a very high $100,000 minimum, but investors can still use the platform's free management and budgeting tools.

How much does empower wealth management cost?

However, you pay annual management fees for Empower's wealth management service that can range from 0.49% to 0.89%. It's worth noting that Empower Wealth Management fees are all-inclusive. This means no hidden or trailing fees, and no trade commissions. For the first million dollars, fees are 0.89%.

Does empower have a free investment review feature?

As a bonus, the app itself is easy to use and available on Android and iOS. You can also allow Empower to monitor your investment accounts, which also unlocks a free investment review feature. Link your investment accounts, and you can see how well your portfolio has performed via what Empower has trademarked as the “You Index.”