Empower, formerly Personal Capital, still gives away the tool that made its name: a dashboard that pulls in every account, projects retirement cash flow and exposes hidden fund fees. Paid advisory opens at a $100,000 minimum, with a published rate of 0.89% on the first million stepping down toward 0.49% on larger balances. Clients are assigned two advisors and get tax loss harvesting plus portfolios of ETFs and individual stocks.
Handy for a retiree whose accounts are scattered across four institutions and who wants a second opinion before deciding when to claim Social Security. The free tool comes with sales calls, that is the price of admission, and once a balance passes seven figures the percentage fee looks steep next to flat fee firms. Reporting is strong, in person meetings are not offered.
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