Empower vs Ellevest
Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to Ellevest? Read our comparison chart below.
Empower offers free advanced financial tools and paid wealth management services.
While Ellevest is a robo-advisor aimed to serve women's needs. It specially tailors portfolios for women's financial goals and life cycles. Fees are low starting at $1/mo and there is no minimum balance for the basic account.
Compare Empower with Ellevest, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Visit Site | Learn More | |
Empower | Ellevest | |
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Free Money Management Tools - | Become a Member - | |
Benefits and Features | ||
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 |
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Minimum Deposit | ||
Phone Support | ||
Live Chat Support | ||
Email Support | ||
Human Advisors | Discounts for members for coaching sessions | |
Robo Advisor | ![]() | ![]() |
Assets Under Management | ||
Tax Loss Harvesting | ||
Goal Tracker | ||
Automatic Deposits | ||
Online Platform | ||
iPhone App | ||
Android App | ||
Banking | Spend and Save accounts*; No minimum balance and no monthly service fees | |
Mobile App | ||
Investment Tracking | ![]() | |
Single Stock Diversification | ||
Fractional Shares | ||
Taxable Accounts | ||
401k Plans | ||
IRA Accounts | ||
Roth IRA Accounts | ||
SEP IRA Accounts | ||
Trust Accounts | ||
529 Plans | ||
CreditDonkey® Reviews | ||
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Human Advisors | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Robo Advisor | ![]() ![]() ![]() ![]() ![]() | |
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Goal Tracker | ![]() ![]() ![]() ![]() ![]() | |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Budgeting | ![]() ![]() ![]() ![]() ![]() | |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | |
Investment Tracking | ![]() ![]() ![]() ![]() ![]() | |
Retirement Planning | ![]() ![]() ![]() ![]() ![]() | |
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Pros & Cons | Pros:
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Bottom Line | Free advanced tools plus hybrid advisory service for people with over $100k in investments... | Women-focused robo-advisor tailored to women's life cycles and goals... |
Visit Site | Learn 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 Ellevest: Pricing information from published website as of 08/10/2020 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. |
Empower Personal Cash
- 4.70% APY
- $0 monthly fee
- Withdraw up to $100k per day
Which is Better: Empower or Ellevest?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Empower or Robinhood.
In short: Empower's human advisors and customer service are excellent.