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.

	Empower	Ellevest

	Visit Site	Learn More
	SPECIAL OFFER Free Money Management Tools - Learn More Read Empower Review	SPECIAL OFFER Ellevest Executive with 50% Off Coaching - Learn More Read Ellevest Review
	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	$1/mo for Essential Plan $5/mo for Plus Plan $9/mo for Executive Plan
Minimum Deposit	$100,000	$0 for all membership tiers
Phone Support	Yes	Yes - normal business hours
Live Chat Support	No	No
Email Support	Yes	Yes
Human Advisors	Yes	Discounts for members for coaching sessions
Robo Advisor
Assets Under Management	$1.2 trillion	$280 Million
Tax Loss Harvesting	Yes	No
Goal Tracker	Yes	Yes
Automatic Deposits	Yes	Yes
Online Platform	Yes	Yes
iPhone App	Yes	Yes
Android App	Yes	Yes
Banking		Spend and Save accounts*; No minimum balance and no monthly service fees
Mobile App	Yes	Yes
Investment Tracking
Single Stock Diversification	Yes
Fractional Shares	No	Yes
Taxable Accounts	Yes	Yes
401k Plans	Yes	No
IRA Accounts	Yes	Yes
Roth IRA Accounts	Yes	Yes
SEP IRA Accounts	Yes	Yes
Trust Accounts	Yes	No
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: Focused on women's needs $0 minimum Starts at $1/mo Cons: Limited account options No tax loss harvesting Uncertain future
Bottom Line	Free advanced tools plus hybrid advisory service for people with over $100k in investments... Read full review	Women-focused robo-advisor tailored to women's life cycles and goals... Read full review
	Visit Site	Learn More
	Free Money Management Tools Join Empower For Free Empower Personal Cash	Ellevest Executive with 50% Off Coaching Ellevest Plus with 30% Off Coaching Ellevest Essential with 20% Off Coaching
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.

Free Money Management Tools

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Empower Personal Cash

4.70% 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 $5,000,000. (up to $10 million for joint accounts)

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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.

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