About Empower
Empower is a Financial Services company based in Greenwood Village, USA. Financial services are provided by Empower for wealth and retirement planning. It operates on a Managed Services and Subscription Services model. Empower has raised $681.72 million across 1 funding round. Empower has completed 1 acquisition, including OptionTrax. Empower offers products and services including Personal Strategy, Private Client, High-yield Cash Account, Rollover IRAs, and Investment Accounts. Its focus areas include Financials, Asset Management, Wealth Management and Retirement Services. Its legal entity is Empower Advisory Group, LLC. Its competitors include MassMutual, Point Digital Finance and American Family Insurance; 1 of its 3 listed competitors has raised funding.
Company details
Financial guidance and investment solutions are offered by Empower to over 19 million individuals. Services include personalized wealth management, retirement planning, and high-yield cash accounts. Specialized offerings such as Private Client for high-net-worth individuals and Personal Strategy for tailored financial advice are provided. Tools for budgeting, portfolio analysis, and debt management are also made available. The company focuses on helping clients achieve financial freedom across various life stages. Operations are centered in the financial and retirement services sectors.
- Total Equity Funding$681.72M (USD)
in 1 rounds
- Latest Funding Round$681.72M (USD), Series D
Dec 2012
- Investments & Acquisitions
Products & Services of Empower
Empower offers a comprehensive portfolio of products and services, including Personal Strategy, Private Client, High-yield Cash Account, Rollover IRAs, and Investment Accounts.
Personalized financial planning and portfolio management are provided.
Premium financial planning for high-net-worth individuals is offered.
High-interest cash account with FDIC insurance is provided.
Retirement savings simplification with tax benefits is facilitated.
Various investment options with low fees are offered.
Apps and channels of Empower
Empower publishes 2 mobile apps with over 2M+ downloads; its YouTube channel Empower has 8.63K subscribers and 30 videos.
Videos from Empower
The most watched videos on Empower's YouTube channel, Empower (8.63K subscribers). Click a video to play it here.
More on Empower.
Funding Insights of Empower
Empower has successfully raised a total of $681.72M through 1 strategic funding round. The most recent funding activity was a Series D round of $681.72 million completed in December 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $681.72M
- Total Rounds 1
- Last Round Series D — $681.72M
- First Round $681.72M
(Dec 2012)
All 1 funding rounds of Empower with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2012 | $681.72M | Series D | – | – | – |
People of Empower
556 people are tracked at Empower (227 in leadership, 329 in team).
| Name | Role | Group |
|---|---|---|
Randall Hoerth | Director Software Engineering | Leadership |
Richard G. Schultz | General Counsel, Chief Legal Officer | Leadership |
Justin Spain | Internal Sales Director | Leadership |
Douglas P. Ragusa | Senior Director Client Services At Empower Retirement | Leadership |
Udayan Banerjee | Regional Head Of Operations, Analytics & 6 Sigma | Leadership |
Joe Angotti | Vice President Project And Process Management | Leadership |
Cara Burris | Senior Marketing Associate, Art Director/designer | Leadership |
Hugo B. | Senior Vice President, Transformation And Plan Services | Leadership |
Ashok Upadhyaya | Director Of Software Engineering | Leadership |
Ryan Farrell | Business Development Sales Director | Leadership |
Sean Tighe | Director, Retirement Plan Compliance | Leadership |
D'Lovely Gibson | Senior Vice President, Office Of The CIO | Leadership |
Erin J. Santoso | Senior Director, Product Marketing | Leadership |
Kshitij Sharma | Director Software Engineering | Leadership |
Stephen J. Gawlik | VP, Corporate Affairs | Leadership |
Chris Pietraszewski | Senior Vice President, IT Infrastructure | Leadership |
John Bevacqua | Chief Risk Officer | Leadership |
Alex Falloon | Director, Advanced Planning | Leadership |
Kyle Shute | Vice President - Financial Planning & Analysis | Leadership |
Carol Kline | Senior Vice President & CIO | Leadership |
536 more people are available in the full profile.
Complete people profiles for Empower
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Empower
Empower has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include OptionTrax.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
OptionTrax | The Most Flexible Stock Plan Platform | optiontrax.com | 1999 | Sep 2024 | •••• |
Complete acquisition details for Empower
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Empower
2 dated milestones of Empower across 12 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round of $681.7M.
- Acquisition Acquires OptionTrax.
Competitors of Empower
Empower has 3 listed competitors in our database, 1 of them funded. They include MassMutual, Point Digital Finance and American Family Insurance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| massmutual.com | 1851 | Springfield, United States | 10,466 | Mutual life insurance company | ||
| point.com | 2015 | Palo Alto, United States | $245.65M | 144 | Fractional home equity is sold online for interest-free loans. | |
| amfam.com | 1927 | Madison, United States | 13,713 | Personal and business insurance products are provided nationwide. |
Detailed competitors of Empower
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Empower
Websites that share an audience with Empower (empower.com).
Websites whose visitors overlap most with Empower. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| constantcontact.com | 88% | 14.8M | #3,672 | View details | |
| range.com | 79% | 102.4K | #334,329 | View details | |
| personalcapital.com | 71% | 721.6K | #74,707 | View details | |
| tableau.com | 60% | 7.5M | #5,773 | View details | |
| acuityscheduling.com | 43% | 9.4M | #6,305 | View details |
Top companies in Asset Management
3 companies that operate in the same segment as Empower (Asset Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | 1946 | Boston, Massachusetts, United States | USD 517.99 M | |||
Investment banking services are delivered across multiple financial sectors. | 1869 | New York, New York, United States | USD 126.21 B | 46,500 | ||
Mutual life insurance company | 1851 | Springfield, United States | 10,466 |
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Related news about Empower
Complete news archive for Empower
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Frequently Asked Questions about Empower
Empower is a funded company, having raised a total of $681.72M across 1 funding round to date. The company's 1st funding round was a Series D of $681.72M, raised on Dec 2012.
Financial guidance and investment solutions are offered by Empower to over 19 million individuals. Services include personalized wealth management, retirement planning, and high-yield cash accounts. Specialized offerings such as Private Client for high-net-worth individuals and Personal Strategy for tailored financial advice are provided. Tools for budgeting, portfolio analysis, and debt management are also made available. The company focuses on helping clients achieve financial freedom across various life stages. Operations are centered in the financial and retirement services sectors.
Empower's top competitors include MassMutual, Point Digital Finance and American Family Insurance.
Empower offers Personal Strategy, Private Client, High-yield Cash Account, Rollover IRAs, and Investment Accounts.
Empower has made 1 acquisition, including OptionTrax.
Empower operates through Empower Advisory Group, Llc.
Yes. Empower publishes Empower Personal Dashboardâ„¢ and 1 more app, with over 2 million downloads.