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Simplifi vs Empower

Simplifi is an intuitive budgeting app for basic financial tracking. How does it compare to Empower? Read our comparison chart below.

 SimplifiEmpower
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Simplifi

Empower

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Get Started - Learn More

Read Simplifi Review

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Join Empower For Free - Learn More

Read Empower Review

 

Benefits and Features

Annual Fee Investment 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
Minimum Deposit 
$100,000
Phone Support 
Yes
Live Chat Support 
No
Email Support 
Yes
Human Advisors 
Yes
Robo Advisor 
Check
Assets Under Management 
$1.6 Trillion
Minimum Investment Investment Account: $0;
Wealth Management: $100,000
Tax Loss Harvesting 
Yes
Goal Tracker 
Yes
Automatic Deposits 
Yes
Online Platform 
Yes
iPhone App 
Yes
Android App 
Yes
Mobile App 
iOS & Android
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

 SimplifiEmpower
PriceStarStarStarStarHalf StarStarStarStarStarStar
Goal TrackerStarStarStarStarHalf StarStarStarStarStarStar
BudgetingStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Ease of UseStarStarStarStarStarStarStarStarStarStar
Investment TrackingStarStarStarStarEmpty StarStarStarStarStarStar
Retirement PlanningStarStarStarHalf StarEmpty StarStarStarStarStarStar
Human AdvisorsStarStarStarStarStar
Robo AdvisorStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • View all finances in one place
  • Set savings goals
  • No ads in app
  • Track investments
Cons:
  • App can be buggy
  • Only available in U.S.
Pros:
  • Retirement planner
  • Free portfolio advice
  • Robo plus human advisors
Cons:
  • $100,000 min for advisory service
  • Higher fees than competitors
Bottom LineIntuitive budgeting app for basic financial tracking... Read full reviewFree advanced tools plus hybrid advisory service for people with over $100k in investments... Read full review
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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

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: Simplifi or Empower?

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

In short: Simplifi's budgeting is excellent. Empower's customer service, investment tracking, and retirement planning are excellent.


Articles on Simplifi

Simplifi Review

Want to manage your money and track financial goals in one place? Simplifi can help. Find out if it's safe to use and how it compares to Quicken.

Articles on Empower

Empower Reviews

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.

Which Do You Think is Best?


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