Acorns vs Empower

Acorns is an investment app that automatically invests your spare change. Good for young investors to get into the habit. How does it compare to Empower? Read our comparison chart below.

Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee starts at $3/month for accounts. There is no minimum to open.

While Empower offers free financial tools and paid wealth management services. Its wealth management fees start at 0.89% of assets under management. Empower free tools include a personal dashboard, fee analyzer, and retirement planner.

Compare Acorns with Empower, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Visit Site	Visit Site
	Acorns	Empower
	SPECIAL OFFER $20 Investment Bonus - Learn More Read Acorns Review	SPECIAL OFFER Join Empower For Free - Learn More Read Empower Review
	Benefits and Features
Savings	No
Stock Trading	Part of service fee. No add-on trading fees.
Options Trading	No
Annual Fee	Acorns Bronze ($3/mo) - includes personal taxable account, IRA, and checking account Acorns Silver ($6/mo) - includes everything in Bronze, emergency fund, 25% match on rewards, and 1% IRA match on Acorns Later contributions Acorns Gold ($12/mo) - includes everything in Silver, investment accounts for kids, 50% match on rewards, custom portfolio, Trust & Will, $10K Life Insurance, free Acorns Early account, and 3% IRA match on Acorns Later contributions	Investment Account: $0; Wealth Management: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
Cryptocurrency Trading	No
Minimum Deposit	$0	$100,000
Checking	Yes
Mutual Fund Trading	No
Commission Free ETFs	A selection automatically chosen by Acorns
Phone Support	Yes	Yes
Live Chat Support	No	No
Email Support	Yes	Yes
Human Advisors	No	Yes
Robo Advisor	Yes
Assets Under Management	$4.7 Billion	$1.6 Trillion
Minimum Investment		Investment Account: $0; Wealth Management: $100,000
Tax Loss Harvesting	No	Yes
Goal Tracker	Yes	Yes
Automatic Deposits	Yes	Yes
Broker Assisted Trades	Acorns automatically invest and trade for you
Good For	Beginners; Passive investors; Those who have trouble saving/investing on their own
Inactivity Fee	None, but you will keep paying the monthly fee
Maintenance Fee	Monthly fee for the service
Online Platform	Yes	Yes
iPhone App	Yes (4.7 stars, 760k ratings)	Yes
Android App	Yes (4.3 stars, 156k ratings)	Yes
Banking	Included in Acorns Bronze ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.
Mobile App	iOS & Android	iOS & Android
Two-Factor Authentication	Yes
Locations	No
Online Community	No
Seminars	No
Virtual Trading	No
Investment Tracking
Single Stock Diversification		Yes
Fractional Shares	Yes	No
Taxable Accounts	Yes	Yes
401k Plans	No	Yes
IRA Accounts	Yes	Yes
Roth IRA Accounts	Yes	Yes
SEP IRA Accounts	Yes	Yes
Trust Accounts	No	Yes
529 Plans	No	Yes
	CreditDonkey® Reviews
Annual Fee
Minimum Deposit
Mobile App
Customer Service
Ease of Use
Human Advisors
Robo Advisor
Price
Goal Tracker
Budgeting
Investment Tracking
Retirement Planning
Pros & Cons	Pros: No minimum to open account Invest with spare change Cash-back program Cons: Fees are high for small balances No tax benefits Limited investment options	Pros: Retirement planner Free portfolio advice Robo plus human advisors Cons: $100,000 min for advisory service Higher fees than competitors
Bottom Line	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review	Free advanced tools plus hybrid advisory service for people with over $100k in investments... Read full review
	Visit Site	Visit Site
	$20 Investment Bonus Try Acorns Today! Acorns Invest: Invest Spare Change	Join Empower For Free Free Money Management Tools Why Choose Empower over Quicken
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Acorns: Pricing information from published website as of 11/29/2024. Empower: Pricing information from published website as of 04/30/2020 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.

$20 Investment Bonus

Get $20 Investment Bonus

• Open an Acorns account (new users only)
• Set up the Recurring Investments feature
• Have your first investment be made successfully via the Recurring Investments feature

Try Acorns Today!

Get Deal

Acorns Invest: Invest Spare Change

Automatically Save and Invest

Join Empower For Free

Sign Up

Free Money Management Tools

Get Free Tools

Why Choose Empower over Quicken

See Comparison

Which is Better: Acorns or Empower?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Acorns or Robinhood.

In short: Empower's customer service is excellent.

Articles on Acorns

Acorns App

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

• Acorns vs Stash
• Acorns vs Betterment
• Acorns vs Robinhood

Apps Like Acorns

Acorns is one of the best micro-investing apps out there. But is it for everyone? Read on to see some of your alternatives.

Is Acorns Legit or Safe

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Articles on Empower

Empower

Empower offers wealth management services and free financial tools. But is it legit? Find out if this robo advisory service is right for you.

• Empower vs Quicken
• Empower vs Wealthfront
• Empower vs Vanguard

Is Empower Safe

Empower offers free budgeting tools. But is it safe to link all your financial accounts? Learn just how secure Empower is.

• Empower vs Fidelity

Empower vs Quicken

Quicken is the oldest name in personal finance software, while Empower is newer and offers advanced tools for free. Read on to see if it's a good alternative to Quicken.

Empower vs Mint

Empower and Mint are popular money management apps. Read this review to find out how they compare and which one is better for you.

Comments

• Olivia Tabor from Texas
  on April 2019 said about Acorns:

  I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.

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