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Empower vs Fidelity

Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to Fidelity? Read our comparison chart below.

Empower offers free financial tools and paid wealth management services. Its wealth management fees start at 0.89% of assets under management. Empower free tools include a personal dashboard, fee analyzer, and retirement planner.

While Fidelity offers stock trades at $0 per trade and more than 180 branch locations. There is no minimum deposit.

Compare Empower with Fidelity, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Empower
 Visit SiteLearn More
 

Empower

Fidelity

SPECIAL OFFER
Join Empower For Free - Learn More

Read Empower Review

SPECIAL OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

Read Fidelity Review

 

Benefits and Features

Stock Trading 
$0
Options Trading 
$0.65 per contract
Annual FeeInvestment Account: $0;
Wealth Management:0.89% for first $1 million, 0.79% for first $3 million, next $2 million 0.69%, next $5 million, 0.59%, and 0.49% over $10 million
None
Cryptocurrency Trading 
$0
Minimum Deposit
$100,000
$0
Mutual Fund Trading 
Yes
Phone Support
Yes
 
Live Chat Support
No
 
Email Support
Yes
 
Human Advisors
Yes
 
Robo Advisor
Check
 
Assets Under Management
$1.6 Trillion
 
Minimum InvestmentInvestment Account: $0;
Wealth Management: $100,000
 
Tax Loss Harvesting
Yes
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform
Yes
 
iPhone App
Yes
 
Android App
Yes
 
Banking 
No
Mobile App
iOS & Android
Yes
Trading Platform Desktop, Web Trading, Mobile Apps
Investment Tracking
Check
 
Single Stock Diversification
Yes
 
Fractional Shares
No
 
Taxable Accounts
Yes
 
401k Plans
Yes
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
Yes
 
 

CreditDonkey® Reviews

 Empower
Human AdvisorsStarStarStarStarStar
Robo AdvisorStarStarStarEmpty StarEmpty Star
PriceStarStarStarStarStar
Goal TrackerStarStarStarStarStar
BudgetingStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarStarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStar
Investment TrackingStarStarStarStarStar
Retirement PlanningStarStarStarStarStar
SavingsStarStarStarEmpty StarEmpty Star
FeesStarStarStarStarStar
Mobile AppStarStarStarStarEmpty Star
Pros & ConsPros:
  • Retirement planner
  • Free portfolio advice
  • Robo plus human advisors
Cons:
  • $100,000 min for advisory service
  • Higher fees than competitors
Pros:
  • $0 monthly service fee
  • No minimum balance
  • Free debit card
Cons:
  • Relatively low APY
  • Few physical branches
Bottom LineFree advanced tools plus hybrid advisory service for people with over $100k in investments... Read full reviewCash management account with a decent APY... Read full review
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Empower: Pricing information from published website as of 04/30/2020

Fidelity: Pricing information from published website as of 07/05/2024.

Empower: Empower Personal Wealth, LLC (“EPW”) compensates CREDITDONKEY INC for new leads. CREDITDONKEY INC is not an investment client of Personal Capital Advisors Corporation or Empower Advisory Group, LLC.

Which is Better: Empower or Fidelity?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Empower or Quicken.

In short: Empower's customer service is excellent.


Articles on Empower

Empower Review

Empower offers wealth management services and free financial tools. But is it legit? Find out if this robo advisory service is right for you.

Is Empower Safe

Empower offers free budgeting tools. But is it safe to link all your financial accounts? Learn just how secure Empower is.

Empower vs Quicken

Quicken is the oldest name in personal finance software, while Empower is newer and offers advanced tools for free. Read on to see if it's a good alternative to Quicken.

Empower vs Mint

Empower and Mint are popular money management apps. Read this review to find out how they compare and which one is better for you.

Articles on Fidelity

Fidelity High Yield Savings

Fidelity boasts an all-around account with no fees and a decent APY. But there's even more to discover. Keep reading.

Which Do You Think is Best?


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