Building long-term wealth requires a strategic approach and a clear understanding of your financial goals. Empowered Wealth Management is a financial advisory firm that specializes in personalized retirement planning and investment management. We believe that true financial wellness goes beyond simply accumulating assets; it’s about aligning your finances with your values and creating a life of purpose and fulfillment. In this post, we’ll explore the key principles of Empowered Wealth Management’s approach, including diversified investing, regular portfolio rebalancing, and socially responsible investing. We’ll also discuss how our technology-driven platform and personalized support can empower you to achieve lasting financial success.
Key Takeaways
- Personalized financial planning for your unique needs: We tailor retirement, investment, and broader financial strategies to your specific goals and comfort level with risk.
- Transparent advice and accessible support: Our tiered fees decrease as your assets grow, and our team provides ongoing guidance and resources to help you stay informed.
- Technology and human expertise work together: We combine a user-friendly digital platform with unlimited access to financial advisors, offering a balanced approach to wealth management.
What is Empowered Wealth Management?
Empowered Wealth Management is a financial advisory firm specializing in personalized retirement planning. We understand that everyone’s retirement goals and financial picture are unique. That’s why we start with complimentary consultations to discuss your aspirations and craft a customized plan. We take a holistic approach to financial wellness, looking beyond investments to also consider areas like tax efficiency, cash flow, and budgeting. Our goal is to give you the knowledge and resources you need for long-term financial stability and success. As a modern firm, we prioritize transparency and keep our fees low, making sophisticated financial management accessible and efficient. Learn more about our services and approach on the Empowered Wealth Management website.
Our Comprehensive Services
We get it—financial planning can feel overwhelming. That’s why we offer a range of services designed to simplify your journey to financial wellness, no matter where you are in life.
Personalized Retirement Planning
Retirement looks different for everyone. Whether you dream of traveling the world or spending quiet time with family, we’ll help you define your vision and create a personalized roadmap to get there. We start with a complimentary consultation to discuss your goals, resources, and timeline. From there, we build a tailored strategy designed to help you achieve the retirement you’ve always envisioned.
Custom Investment Management
Your investment portfolio shouldn’t be one-size-fits-all. We create investment plans based on your specific needs, goals, and stage of life. This includes important considerations like tax efficiency, cash flow, and budgeting. We believe in giving you a clear understanding of your investments and how they fit into your overall financial picture.
Financial Planning and Tax Optimization
We take a holistic approach to wealth management, considering not just investments, but also other crucial elements of your financial life. Our diversified approach aims to minimize risk. We also prioritize tax optimization strategies and disciplined rebalancing to help you keep more of what you earn. We also focus on minimizing costs.
Behavioral Coaching and Education
We understand that emotions can sometimes complicate financial decisions. That’s why we offer unlimited access to financial advisors who can provide guidance and support. Whether you have questions about your portfolio, need help creating a budget, or simply want to discuss financial decisions, we’re here to help. We also provide educational resources and behavioral coaching to empower you with the knowledge and confidence to make informed choices about your money.
Costs and Requirements
Understanding costs and requirements upfront is key to making informed financial decisions. At Empower Wealth Management, we believe in transparent pricing and clear communication.
Tiered Annual Management Fees
Our annual management fee structure is tiered, ranging from 0.89% to 0.49% of your total assets under management. This means your annual fee decreases as your investments grow. For a detailed breakdown, check out our fee schedule. We don’t charge any hidden fees, trailing fees, or trade commissions.
Transparent Pricing
Transparency is at the heart of our pricing. We want you to understand the costs involved and feel confident in your investment choices. While our fees might be higher than some robo-advisors, they’re competitive with those of traditional financial advisors. This approach builds trust and keeps you informed.
Minimum Investment Requirements
Empower Wealth Management is designed for those with at least $100,000 in investable assets. This minimum investment allows us to deliver the personalized, high-touch service our clients value. Our focus is on building lasting relationships and helping you reach your financial goals.
The Empowered Wealth Management Advantage
We believe in empowering you to take control of your financial future. That’s why we’ve designed our wealth management services with a focus on personalized strategies, transparent advice, and ongoing support. Here’s how we aim to give you an edge:
Smart Weighting Portfolio Construction
We use a “smart weighting” approach to build your portfolio, going beyond traditional market-cap weighting. This strategy aims for higher risk-adjusted returns by carefully considering factors beyond just company size. Your portfolio is also highly customizable, allowing us to tailor it to your specific goals and risk tolerance. This personalized approach, as highlighted in Empower’s Investopedia review, helps create an investment strategy that truly aligns with your needs.
Unlimited Advisor Access
At Empowered Wealth Management, you’re never alone on your financial journey. We offer unlimited access to our team of experienced financial advisors who can provide guidance on everything from portfolio adjustments to complex financial planning questions. This personalized support, combined with our automated investing platform, creates a hybrid approach that balances technology with human expertise, as discussed in this Empower review.
Tax-Efficient Investing
We understand that maximizing your after-tax returns is crucial. We integrate tax-efficient strategies into every aspect of our wealth management services. We use asset location, tax-loss harvesting, and a focus on tax-efficient securities to help you keep more of what you earn. Empower’s asset location strategy can add an estimated 0.3% to your annual returns.
Holistic Wealth Building
We take a holistic view of your financial well-being, considering not just your investments, but also your broader financial goals. From retirement planning to tax optimization, we offer a comprehensive suite of services designed to support you at every stage. Empower’s wealth management services emphasize personalized strategies and a technology-driven approach, all working together to help you build a secure financial future.
Your Path with Us
At Empowered Wealth Management, we believe in a personalized approach. Your financial journey is unique, and your wealth management strategy should reflect that. Here’s what you can expect when you partner with us:
Initial Consultation and Goal Setting
We start with a complimentary consultation to understand your financial goals. Whether you’re planning for retirement, saving for a down payment, or building long-term wealth, we’ll discuss your current situation, aspirations, and comfort level with risk. This initial conversation helps us create a tailored plan designed to achieve your specific objectives. We believe that open communication and a clear understanding of your needs are essential for a successful partnership.
Risk Assessment and Portfolio Creation
Once we understand your goals, we’ll assess your risk tolerance and create a diversified investment portfolio. We consider factors like your time horizon, financial obligations, and comfort level with market fluctuations. Our team uses a disciplined approach to portfolio construction, emphasizing tax efficiency and minimizing fees. We believe in transparency and will clearly explain our investment strategy so you understand how we’re working to achieve your goals.
Ongoing Support and Digital Tools
We provide ongoing support and guidance as you work toward your financial goals. Our team is available to answer your questions, provide portfolio updates, and adjust your plan as needed. We also offer a suite of digital tools to help you stay informed and engaged. You can access your account information, track your progress, and use our planning resources through our secure online platform. We believe that technology can empower you to take control of your financial future, and we’re committed to providing the resources you need to succeed.
Investment Strategies for Long-Term Success
We believe that long-term financial wellness depends on a strategic blend of core investment principles. Here’s how we approach building lasting wealth for our clients:
Diversified Investing
We know that putting all your eggs in one basket isn’t a sound strategy. At Empowered Wealth Management, we use a diversified approach, spreading investments across a range of asset classes. This limits exposure to any single sector, reducing your overall risk. Diversification is designed to enhance the potential for long-term growth while safeguarding your portfolio against market fluctuations. Learn more about our investment philosophy.
Regular Portfolio Rebalancing
Markets shift, and so should your portfolio. Regular portfolio rebalancing is a cornerstone of our investment strategy. By maintaining a disciplined approach to rebalancing, we help you minimize risk and maximize returns over time. This ensures that your asset allocation remains aligned with your financial goals, even as market conditions change.
Socially Responsible Investing
We understand that your investments are a reflection of your values. Empowered Wealth Management recognizes the growing demand for socially responsible investing (SRI) and offers options that align with your principles. This approach not only targets financial returns but also considers the social and environmental impact of your investment choices. If you’re interested in learning more about how we integrate SRI into our portfolios, connect with one of our advisors.
Technology-Driven Wealth Management
We believe managing your finances should be effortless and transparent. That’s why we’ve invested in robust technology to streamline your experience and give you the insights you need to make informed decisions.
User-Friendly Digital Platforms
We offer intuitive digital platforms designed with you in mind. Easily access your accounts, track your portfolio’s performance, and review important documents—all in one secure location. This convenient online access empowers you to stay connected to your financial picture anytime, anywhere.
Advanced Analytics
Our platform doesn’t just display information; it analyzes it. We use advanced analytics to give you a deeper understanding of your investments. This includes robust tools that evaluate your portfolio’s performance, identify potential opportunities, and offer personalized recommendations. We even use a unique “smart weighting” approach to portfolio construction, aiming for higher risk-adjusted returns than traditional market-cap weighting. This data-driven approach, combined with expert advisor support, helps us build a financial strategy tailored to your specific goals. You can learn more about our approach and technology through resources like Investopedia and Bankrate.
Why Choose Us?
Key Differentiators
Empower distinguishes itself by offering personalized service and smart technology. We create a financial plan tailored to your specific needs, goals, and life stage. Whether you want to improve your tax efficiency, manage cash flow, or build a budget, our strategies adapt to you. We take a diversified approach to reduce risk, limiting exposure to any single sector. This strategy, combined with tax optimization, disciplined rebalancing, and low fees, helps protect and grow your wealth. Empower uses a technology-driven approach that prioritizes transparency and keeps costs low. Our hybrid model combines automated investing with access to experienced human financial advisors. This structure allows us to offer sophisticated services while remaining accessible.
Client Feedback and Recognition
Our commitment to client satisfaction is reflected in the feedback we receive. Clients consistently praise Empower for its user-friendly experience, responsive customer service, and portfolio customization options. Reviews often mention our sophisticated investment strategies, including tax-loss harvesting and personalized portfolio construction. Experts recognize Empower’s combined approach to technology and human support as a key strength, allowing us to deliver comprehensive wealth management services.
Top Alternatives
While we believe Empowered Wealth Management offers a unique blend of personalized service and cutting-edge technology, we understand you may want to explore other options. Here are a few alternatives in the financial wellness space:
Vanguard Personal Advisor Services
Vanguard Personal Advisor Services (learn more) is a solid choice for those with a significant nest egg, especially if you’re approaching retirement. They offer a hybrid approach, combining robo-advisor technology with access to human advisors. Vanguard is known for its low fees, typically around 0.30% of your assets under management, and a low average expense ratio for their investment options.
Fidelity Wealth Management
Fidelity Wealth Management (explore their services) provides a comprehensive suite of services, from personalized planning to investment management. They offer extensive research resources and are known for robust customer service and a wide range of investment choices. If you’re looking for a full-service wealth management experience, Fidelity is worth considering.
Charles Schwab Intelligent Portfolios
For those who prefer a fully automated approach, Charles Schwab Intelligent Portfolios (review their platform) is a robo-advisor that requires no advisory fees. With a $5,000 minimum investment, you’ll receive a diversified portfolio tailored to your risk tolerance and goals. Schwab’s platform is user-friendly and integrates seamlessly with their other services.
Betterment Premium
Betterment Premium (check out their features) is another robo-advisor option, but with a focus on personalized advice. For a 0.40% fee on assets under management, you gain access to certified financial planners and tailored investment strategies. Betterment stands out with its user-friendly interface and automated tax-loss harvesting, a feature that can boost your after-tax returns.
Personal Capital
If you’re looking for a holistic view of your financial health, Personal Capital (see their offerings) combines budgeting tools with investment management. While their budgeting and tracking tools are free, wealth management services start at 0.89% of assets under management. Personal Capital is a good fit if you want to monitor your net worth, plan for retirement, and receive personalized investment guidance all in one place.
Next Steps
Ready to take control of your financial future and experience the Empowered Wealth Management difference? Here’s how to get started:
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Explore our services: Visit our website to learn more about our approach to wealth management, investment philosophy, and team. We offer personalized strategies for retirement planning, investment management, and financial planning.
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Clarify your goals: Before you reach out, take some time to define your financial aspirations. What are you hoping to achieve? Whether it’s early retirement, buying a home, or building long-term wealth, a clear vision will help us create a personalized plan.
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Schedule a consultation: A free consultation is the best way to connect with one of our advisors. We’ll discuss your financial situation, risk tolerance, and goals to determine how we can help you succeed. You can book a consultation directly through our website.
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Dive into our resources: We offer a variety of free online resources, including articles, guides, and interactive tools. These resources can help you make informed financial decisions and enhance your overall financial literacy.
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Connect with us: Stay informed about market trends and company news by following us on social media. It’s a great way to engage with our community and learn more about Empowered Wealth Management.
Related Articles
- Retirement Planning: 7 Powerful AI Innovations Transforming Retirement Planning – FN Capital
- How to Retire Early With Smart Investing: A Practical Guide – FN Capital
- Secure Wealth Growth: Practical Steps for Building Wealth – FN Capital
- Wealth Management Webinars: A Complete Guide – FN Capital
Frequently Asked Questions
What is the difference between financial planning and investment management?
Financial planning takes a broader look at your overall financial health, encompassing budgeting, retirement planning, tax strategies, and more. Investment management, while a key part of financial planning, focuses specifically on your investment portfolio and how it aligns with your broader financial goals. We offer both services in an integrated approach.
What if I have questions after my initial consultation?
We offer unlimited access to our team of financial advisors. You can reach out to them anytime with questions, whether they’re about your portfolio, financial planning, or anything else related to your financial well-being.
How does Empowered Wealth Management’s “smart weighting” approach differ from traditional methods?
Traditional portfolio construction often relies on market-cap weighting, where investments are allocated based on a company’s size. Our smart weighting approach considers additional factors beyond market capitalization, aiming to create a more diversified and potentially higher-performing portfolio tailored to your specific goals.
Is Empowered Wealth Management suitable for socially responsible investors?
Yes, we offer socially responsible investing (SRI) options. We understand that your values are important, and we can help you align your investments with your principles. Just let your advisor know you’re interested in SRI options.
What is the minimum investment required to work with Empowered Wealth Management?
The minimum investment to engage our services is currently $100,000. This allows us to provide the personalized attention and sophisticated strategies our clients value.
