Empower

Empower

Freemium

Free personal finance dashboard for investment tracking, net worth monitoring, retirement planning, and optional human-advisor wealth management.

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What is Empower?

Empower (formerly Personal Capital) is a free personal finance platform that gives individuals a complete 360-degree view of their financial life — connecting bank accounts, credit cards, investment portfolios, retirement accounts, mortgages, and loans in one real-time dashboard. Named the best budget app of 2026 by NerdWallet, Empower provides investment analysis, fee detection, retirement planning simulations, and spending tracking at no cost. For individuals with $100,000-plus in investable assets, Empower offers optional human-advisor wealth management (Personal Strategy) at 0.49% to 0.89% of AUM, combining tax optimization, tax-loss harvesting, and fiduciary guidance. Backed by Empower Retirement, one of the largest 401(k) recordkeepers in the US, the platform uses bank-level encryption and multi-factor authentication to protect connected accounts.

Key Features

Free Net Worth DashboardInvestment Portfolio AnalyzerRetirement Planner with ScenariosFee Analyzer for Hidden Fund CostsSpending Tracker and CategorizationBudget Planner and Savings GoalsDebt Paydown VisualizerCash Flow MonitoringHigh-Yield Cash Account (FDIC-insured)Asset Allocation AnalyzerSmart Weighting Portfolio MethodTax-Loss Harvesting (Wealth Management)Estate Planning Access (Private Clients)Fiduciary Certified Financial Planners12,000+ Account Connections via PlaidNo Data Selling or AdvertisingRead-Only Bank Sync for Security

Integrations

Other
PlaidiOSAndroidZillow

How to Use Empower

1Create a free Empower account and connect all your financial accounts — bank, credit cards, investments, and retirement
2Review your net worth, cash flow, and investment performance on the unified dashboard
3Use the Retirement Planner to run scenarios and see your projected retirement age based on current savings rates
4Analyze your investment portfolio for fee drag, allocation gaps, and performance versus benchmark
5Optionally schedule a consultation with an Empower financial advisor if you have $100,000 or more in investable assets

✅ Best For

  • Individuals who want a free, comprehensive financial overview spanning both everyday spending and long-term investments in one dashboard — especially those who had multiple apps for banking, investing, and retirement planning separately.
  • People approaching retirement or actively planning for it who want to run Monte Carlo simulations on their retirement trajectory, see their income gap, and stress-test their portfolio against market scenarios without paying for financial advice.
  • High-net-worth individuals with $100,000-plus in assets who want the free tracking tools plus optional access to fiduciary certified financial planners for personalized portfolio management and tax strategy.

❌ Not For

  • Individuals who want a hands-on, proactive zero-based budgeting system that changes spending behavior through active category management, as Empower's budgeting tools are lighter than dedicated apps like YNAB.
  • Active traders or DIY investors who want to execute their own stock-picking strategies with full flexibility, since Empower's wealth management service uses proprietary portfolios and a custodian you cannot change.

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Pricing

Personal DashboardFree
  • ✓Net worth tracking
  • ✓investment analysis
  • ✓retirement planner
  • ✓spending tracker
  • ✓fee analyzer
Wealth Management0.89% AUM (up to $1M)
  • ✓Managed portfolios
  • ✓fiduciary CFPs
  • ✓tax optimization
  • ✓tax-loss harvesting
  • ✓Smart Weighting
Private Client0.79-0.49% AUM (above $1M)
  • ✓Dedicated advisor team
  • ✓estate planning
  • ✓more personalized guidance

Prompts to Try

Am I on track to retire at 60 based on my current savings rate?

How much am I paying in investment fees across all my accounts?

What is my current asset allocation and how does it compare to a recommended mix?

How has my net worth changed over the last 12 months?

What would happen to my retirement date if I increased monthly contributions by $500?

Use Cases

A 42-year-old software engineer connects all her financial accounts to Empower and discovers her 401(k)'s actively managed funds have a 1.2% expense ratio — the Fee Analyzer estimates this will cost her $230,000 in lost returns over 20 years, prompting a switch to lower-cost index funds.
A couple runs retirement scenarios in Empower's planner and discovers that delaying retirement by two years increases their probability of not running out of money from 68% to 91% — a simple simulation that takes 10 minutes and changes their savings trajectory.
A 55-year-old with $400,000 in investable assets schedules an Empower advisory consultation and begins a Personal Strategy managed portfolio with a dedicated financial planner coordinating tax-loss harvesting and Social Security timing strategy.
A freelance designer links 14 financial accounts including checking, four credit cards, a brokerage, Roth IRA, and student loan to Empower — for the first time she can see her actual net worth in real time and spots that her net worth is growing despite credit card balances.
A recently divorced professional uses Empower's debt paydown planner to visualize the payoff trajectory of three loans and builds a budget for the first time, using the spending categorization to identify $350 per month in expenses to reallocate toward debt.

Frequently Asked Questions