Empower Personal Dashboard: A Comprehensive Wealth Management Platform

The financial platform Empower, formerly known as Personal Capital, offers a comprehensive wealth management and investing experience for users. With free financial tools, cash management accounts, and personalized retirement planning services, Empower caters to individual investors, financial professionals, and plan sponsors.

Empower provides a range of investment options, including stocks, ETFs, bonds, and private equities, along with socially responsible investment strategies and tax optimization strategies. However, the platform comes with high management fees, with a minimum requirement of $100,000 for its wealth management services.

Despite the high fees, Empower is a trusted platform with close oversight by government agencies. However, the company faced a lawsuit in late 2022 for alleged fraudulent sales practices, which Empower has denied.

Investors can choose between different portfolio strategies offered by Empower, including globally diversified portfolios of stocks and ETFs, socially responsible investing portfolios, and private equity investments for high-net-worth individuals.

Overall, Empower is a suitable platform for professionally managed ETF portfolios, retirement planning, and socially responsible investing. However, it may not be ideal for newer investors due to its high minimum requirements and fees.