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Empower vs TD Ameritrade

Empower is a free advanced tools plus hybrid advisory service for people with over $100k in investments. How does it compare to TD Ameritrade? Read our comparison chart below.

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.

While TD Ameritrade offers $0 commission online stock, ETF, and option trades. This online broker also has more than 100 branch locations. There is no minimum deposit, no maintenance fee, and no inactivity fee.

Compare Empower with TD Ameritrade, side-by-side.

 Empower
 Visit SiteLearn More
 

Empower

TD Ameritrade

SPECIAL OFFER
Join Empower For Free - Learn More

Read Empower Review

OFFER
Commission-Free Trading - Online Stock, ETF and Option Trades - Learn More

 

Benefits and Features

Stock Trading $0 commission for online stock, ETF, and option trades
Options Trading 
$0.65 per contract
Annual FeeInvestment 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
 
Minimum Deposit
$100,000
$0
Mutual Fund Trading Up to $49.95 or $74.95 for buys. $0 for sells
Commission Free ETFs 
550+ Commission-Free ETFs
Phone Support
Yes
 
Live Chat Support
No
Yes
Email Support
Yes
 
Human Advisors
Yes
 
Robo Advisor
Check
 
Assets Under Management
$1.6 Trillion
 
Minimum InvestmentInvestment Account: $0;
Wealth Management: $100,000
 
Penny Stocks 
Check
Tax Loss Harvesting
Yes
 
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted Trades 
$25
Inactivity Fee 
$0
Maintenance Fee 
$0
Online Platform
Yes
Yes
iPhone App
Yes
 
Android App
Yes
 
Banking Cash Management account offers free ATM withdrawals, no monthly maintenance fees, free online bill pay, and free check writing.
Mobile App
iOS & Android
Yes
Desktop App 
Thinkorswim
Forex Trading 
Yes
Futures Trading $2.25 per contract (plus exchange & regulatory fees)
Bond Trading 
Yes
CFD Trading 
No
Currency Trading 
Yes
Customer Service 
(800) 669-3900 (Open 24/7)
Locations More than 100 locations in 34 states
Seminars 
Online webcast
Trading Platform 
thinkorswim
Virtual Trading 
Yes
Investment Tracking
Check
 
Single Stock Diversification
Yes
 
Fractional Shares
No
 
Taxable Accounts
Yes
 
401k Plans
Yes
 
IRA Accounts
Yes
 
Roth IRA Accounts
Yes
 
SEP IRA Accounts
Yes
 
Trust Accounts
Yes
 
529 Plans
Yes
 
 

CreditDonkey® Reviews

 Empower
Human AdvisorsStarStarStarStarStar
Robo AdvisorStarStarStarEmpty StarEmpty Star
PriceStarStarStarStarStar
Goal TrackerStarStarStarStarStar
BudgetingStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarStar
Ease of UseStarStarStarStarStar
Investment TrackingStarStarStarStarStar
Retirement PlanningStarStarStarStarStar
Pros & ConsPros:
  • Retirement planner
  • Free portfolio advice
  • Robo plus human advisors
Cons:
  • $100,000 min for advisory service
  • Higher fees than competitors
Bottom LineFree advanced tools plus hybrid advisory service for people with over $100k in investments... Read full review
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Empower: Pricing information from published website as of 04/30/2020

TD Ameritrade: Pricing information from published website as of 09/05/2023.

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.

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


Articles on Empower

Empower Reviews

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

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 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.

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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