4.7/5
G2 rating
24 reviews (small sample)
Report
Should I Use Empower (Personal Wealth, formerly Personal Capital)?
Invest well. Live a little.
Depends
DependsUse the free dashboard for net-worth tracking; it's among the best in class.
Best free net-worth tracker around; paid advisory is pricey and SEC-charged. Retirement-plan users report bad service.
Confidence: Medium
Yes
Free tier
Net-worth and portfolio dashboard
Guess: ~0.89%/yr of assets
Advisory fee
Managed portfolios; verify current pricing
2022
Renamed from Personal Capital
Rebranded to Empower
Value for money
3
Free dashboard is great; advisory fees draw complaints
Ease of use
4
G2 reviewers consistently praise ease of use
Feature depth
4
Top-ranked net-worth tracker per reviewers
Support quality
2
Harsh retirement-plan service reviews
Security posture
2
SEC enforcement against advisory arm
Pros
Cons
Gotchas
- highAdvisory fees on large balances sting; one 4-year user left 'burned' after exiting⁶
- mediumWealth Management minimum ~$100k (Guess) with AUM fee — confirm current pricing before assuming²
- mediumConsumer dashboard service differs sharply from employer 401(k) service — Trustpilot anger is plan-side⁵
- lowSome 'Empower' breach headlines involve unrelated same-named firms — verify entity before panicking
Best for
- Net-worth tracking across all accounts
- DIY investors wanting a free dashboard
- High-balance investors wanting human-plus-robo advice
Not for
- Small-balance investors wanting managed advice — high minimums (Guess: ~$100k)
- Budget-only users who'll resent advisory upsells
- Fee-sensitive index investors — advisory fees compound hard
- Retirement-plan participants expecting responsive service (per Trustpilot)
Pricing
Financial Dashboard
Free
- Net-worth and portfolio tracking
- Retirement planner
- Budgeting tools
Wealth Management
Guess: ~0.89%/yr of managed assets
- High minimum (~$100k, Guess)
- Dedicated human advisors
- Managed portfolios
Security
No vulnerabilities found for empower.com itself; SEC enforcement hit the advisory arm, and some breach headlines involve similarly named firms.
- SEC administrative proceeding vs Empower Advisory Group, LLCSEC order finds violations by the advisory arm (details truncated in source); regulatory, not a technical breach.⁷
What users say
Opinion splits: reviewers love the free net-worth tracker, while retirement-plan customers and fee-sensitive users are sharply negative.
“Empower is a criminally run retirement sca…”
“Users consistently praise the ease of…”
“Empower is one of the best financi…”
Alternatives
Compare Empower (Personal Wealth, formerly Personal Capital) with each alternative.
Kubera
Better fit for complex, high-net-worth portfolios
Empower (Personal Wealth, formerly Personal Capital) vs KuberaGhostfolio
Open-source, self-hosted portfolio tracker; no sales funnel
Empower (Personal Wealth, formerly Personal Capital) vs GhostfolioSigFig
Most similar free alternative for tracked investing
Empower (Personal Wealth, formerly Personal Capital) vs SigFigFidelity free tools
Free portfolio tracking if you want to stay with a broker
Full analysis
Based on 20+ public sources; many snippets truncated, and several search hits involve unrelated companies named Empower.
Sources
- Empower Review: Best Net Worth Trackerchoosefi.comreview
- Empower Review - PCMagpcmag.comreview
review
review
- empower-retirement.com Reviews - Trustpilottrustpilot.comreview
review
security
- Empower | Official siteempower.comofficial
news
- 3 Empower Alternatives - Rob Bergerrobberger.comnews
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