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Empower vs Betterment
Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to Betterment? Read our comparison chart below.
Empower offers free advanced financial tools and paid wealth management services. Find out more
While Betterment offers automatic investing starting at $4/month for accounts with less than $20,000. There is no fee to open an account and no minimum deposit required. All balances get automatic rebalancing, tax loss harvesting, and access to financial experts.
Compare Empower with Betterment, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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
Digital: 0.25% annual fee for accounts with $20,000 or more or with monthly recurring deposits of $250 or more, $4/month for accounts with less than $20,000
Premium: 0.40% for accounts $100,000 or more
Minimum Deposit
$100,000
$0
Checking
No-Fee Checking
Phone Support
Yes
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors
Yes
Yes ($100k minimum)
Robo Advisor
Assets Under Management
$1.2 trillion
$40+ Billion
Tax Loss Harvesting
Yes
Yes
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Online Platform
Yes
Yes
iPhone App
Yes
Yes
Android App
Yes
Yes
Mobile App
Yes
Yes
Investment Tracking
Single Stock Diversification
Yes
No
Fractional Shares
No
Yes
Taxable Accounts
Yes
Yes
401k Plans
Yes
Yes
IRA Accounts
Yes
Yes
Roth IRA Accounts
Yes
Yes
SEP IRA Accounts
Yes
Yes
Trust Accounts
Yes
Yes
529 Plans
Yes
No
CreditDonkey® Reviews
Human Advisors
Robo Advisor
Price
Goal Tracker
Budgeting
Customer Service
Ease of Use
Investment Tracking
Retirement Planning
Annual Fee
Minimum Deposit
Pros & Cons
Pros:
Retirement planner
Free portfolio advice
Robo plus human advisors
Cons:
$100,000 min for advisory service
Higher fees than competitors
Pros:
No minimum investment
Customized portfolios
Automatically invest extra funds
Cons:
Limited investment options
High fees for large investors
Bottom Line
Free advanced tools plus hybrid advisory service for people with over $100k in investments... Read full review
Great robo-advisor for beginners with low fees, good tools, and tax strategies... Read full review
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Empower: Pricing information from published website as of 04/30/2020
Betterment: Pricing information from published website as of 04/04/2018
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.
Funds placed in the Empower Personal Cash Program are FDIC insured by program banks up to an aggregate of $5,000,000. (up to $10 million for joint accounts)
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.
Betterment offers low fees, no minimum balance and good returns. But is it a good idea? Find out if it's safe to invest your money with this robo-advisor.
Robo advisors make it possible for new investors to start investing. But they come with a fee. Are they worth it? Read on to learn about the pros and cons.