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.

While Betterment offers automatic investing starting at an annual fee of 0.25% of your account balance. 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.

		BettermentQuickenAcornsRobinhoodM1 Finance
	Empower	Betterment
	SPECIAL OFFER Free Money Management Tools - Learn More Read Empower Review	SPECIAL OFFER Get up to 1 Year Managed Free - Learn More Read Betterment Review
	Benefits and Features
Savings
Annual Fee	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	0.25% for accounts under $100,000 0.40% for accounts $100,000+
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	$14 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
Customer Service
Budgeting
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
	Free Money Management Tools Join Empower For Free Empower Personal Cash	Get up to 1 Year Managed Free Get 1 Month Managed Free Get 6 Months Managed Free
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 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.

Free Money Management Tools

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Empower Personal Cash

• 4.10% APY
• $0 monthly fee
• Withdraw up to $100k per day

Funds placed in the Empower Personal Cash Program are FDIC insured by program banks up to an aggregate of $2,000,000.

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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 eToro.

In short: Empower's human advisors and customer service are excellent.

Articles on Empower

Empower

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

• Empower vs Quicken
• Empower vs Wealthfront
• Empower vs Vanguard

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 Fidelity

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 Betterment

Betterment Review

Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better.

• Betterment vs Acorns
• Betterment vs Robinhood
• Betterment vs M1 Finance

Betterment Fees

Betterment offers no minimum deposit and good returns. But are the fees worth it? Read on to learn about this robo-advisor's costs.

Is Betterment Safe

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.

Is Betterment Worth The Fee

Betterment will manage your investments, but they charge a fee. Is Betterment worth the fee? Read on to answer all your questions.

Betterment Roth IRA

Is Betterment a good way to invest for retirement? What about the fees and withdrawals? Read on to learn how Betterment's Roth IRA account works.

Betterment vs Wealthfront

Betterment and Wealthfront are two of the oldest and most popular robo-advisors. Is there a difference? Which is better for you? Read on to find out.

Which Do You Think is Best?

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