Empower vs growney - BrokerCue
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Broker Comparison

Empower vs growney

Compare Empower and growney side by side: fees, regulation, platforms.

Empower

Empower

High-balance hybrid advisory clients

Empower is a US hybrid robo-advisor combining automated portfolio management with access to human financial a…

VS
growney

growney

Low-cost ETF portfolio investing in Germany

growney is a German BaFin-licensed robo-advisor offering ETF-based managed portfolios across 23 strategies, i…

Head-to-head comparison

Empower vs growney
Feature Empower growney
Minimum deposit - -
Stock trading fee Commission-free trading on investment accounts -
Regulators SEC, FINRA, SIPC BaFin
Best for High-balance hybrid advisory clients Low-cost ETF portfolio investing in Germany
Markets & account
Stocks
-
ETFs
Bonds
-
Funds
-
Ready Made Portfolios
Investment Plans
Money Market Funds
-
Business Account
-

Pros & cons

Empower

Empower

Pros

  • Comprehensive free financial dashboard with net worth, retirement planner and fee analyzer
  • Hybrid model gives access to human advisors alongside automated portfolio management
  • Tax-loss harvesting and tax location strategy included in advisory fee
  • Tiered fees decrease as assets grow, reaching 0.49% above $10 million
  • Client assets held at established independent custodians with SIPC protection
  • High-yield cash account with FDIC insurance up to $5 million
  • Dedicated advisors and estate planning access at higher asset tiers
  • Commission-free trading on investment accounts

Cons

  • $100,000 minimum investment required to access any managed advisory services
  • Advisory fee of 0.89% on the first $1 million is high relative to robo-only competitors
  • No direct-to-consumer trading platform for active self-directed trading
  • No demo account available
  • No support for forex, CFDs, futures or options trading
  • Tax and estate planning features restricted to higher asset tiers
  • Free tools may prompt upsells for users approaching the $100,000 threshold
growney

growney

Pros

  • Low annual management fee: 0.68% under EUR 50,000, drops to 0.38% above
  • No deposit, withdrawal, transaction, or inactivity fees
  • 23 investment strategies including conventional, sustainable (growgreen), and specialty
  • BaFin-licensed asset manager; client ETFs held as protected special assets
  • Savings plans from EUR 25 per month with no minimum term
  • Withdrawal plans available from EUR 2,000 balance
  • Business and joint investment accounts available
  • Tax optimisation and annual rebalancing included in management fee

Cons

  • No native mobile app - platform is web-based only
  • Portfolio rebalancing occurs only annually (December) unless drift exceeds 10%
  • ETF-only approach: no individual stocks, bonds, or active fund selection
  • No children's accounts (planned with future Upvest custody migration)
  • Minimum EUR 500 for lump-sum deposits (EUR 25 for savings plans)
  • Sustainable strategies have historically underperformed conventional equivalents
  • Higher total cost (approx. 0.90% all-in) for balances below EUR 50,000
Empower

Empower

Empower is a US hybrid robo-advisor combining automated portfolio management with access to human financial advisors, built on the foundation of Personal Capital.

Visit Empower Read review

Your capital is at risk. Other fees apply.

growney

growney

growney is a German BaFin-licensed robo-advisor offering ETF-based managed portfolios across 23 strategies, including sustainable options, with a tiered fee structure and no transaction costs.

Visit growney Read review

Your capital is at risk. Other fees apply.

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