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 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 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.

		BettermentQuickenAcornsRobinhood
	Visit Site	Learn More
	Empower	Betterment
	SPECIAL OFFER Join Empower For Free - Learn More Read Empower Review	SPECIAL OFFER Compare Pricing - Learn More Read Betterment Review
	Benefits and Features
Savings		Betterment Cash Reserve - Earn 4.00% APY**
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	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: 0.65% 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		Yes
Assets Under Management	$1.6 Trillion	$50+ Billion
Minimum Investment	Investment Account: $0; Wealth Management: $100,000	$0
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
Banking		Offers checking account with a free debit card, and a high-yield cash account
Mobile App	iOS & Android	iOS & Android
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
	Visit Site	Learn More
	Join Empower For Free Free Money Management Tools Why Choose Empower over Quicken	Compare Pricing Betterment Cash Reserve - Earn 4.00% APY** Invest with Automated Portfolios
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 Betterment: Pricing information from published website as of 01/12/2025 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.

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Why Choose Empower over Quicken

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Which is Better: Empower or Betterment?

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 human advisors and customer service are excellent.

Articles on Empower

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