Empower Retirement vs Fidelity 2023

Jeremy Biberdorf
By: Jeremy Biberdorf
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Navigating the realm of retirement can seem daunting. With numerous platforms and services available, choosing the right fit for your financial journey is essential.

In this article, we delve deep into the offerings of two industry giants – Empower Retirement and Fidelity Investments. Both present compelling features, but which one emerges on top?

Let’s break down the features, advantages, and differences to guide you toward making an informed choice. We’ll explore what both bring to the table.

Empower Retirement is Better for:Fidelity is Better for:
Ideal for holistic retirement planning with dedicated advisors.Known for a wide range of mutual fund offerings.
A robust selection of investment options tailored for retirement.Efficient for managing individual retirement accounts.
Personalized tools to achieve retirement goals efficiently.Packed with financial planning services for all ages.
Comprehensive corporate retirement plan solutions.Wealth management services for diverse financial needs.

Introducing the Platforms

Empower Retirement

Empower is a leading player in the retirement plan business, emphasizing personalized solutions to meet individual retirement goals. They offer a unique blend of retirement assets management, advisory services, and tools to ensure you’re on the right path.

Check out this in-depth review to learn more about what Empower brings to the table.


Fidelity Investments, a well-recognized name in the finance world, offers a broad spectrum of services from mutual funds to retirement plans. Their stronghold in the market has been built on their vast offerings and their commitment to helping clients achieve their financial goals. Dive deeper into Fidelity’s offerings here.

Retirement Logo Fidelity Logo
Type of Service Retirement Advisory Mutual Funds & Brokerage
Best Use Corporate Retirement Plans Individual Retirement Accounts
Customer Support Dedicated Team of Advisors Financial Advisor Support
Online Trading Personalized Trade Investments Wide Online Trade Capabilities
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Modest Money Overall Rating
4.2 rating based on 5 ratings
3.8 rating based on 5 ratings

Factor 1: Range of Investment Options

Empower Retirement offers a tailored range of investment options

  • Fidelity Investments provides a comprehensive selection of mutual funds.
  • Empower is slightly ahead due to its focused retirement portfolio.

Empower Retirement understands the importance of a focused retirement portfolio. They offer a selection of investment options tailored specifically for retirement goals. This meticulous curation ensures that every investment aligns with long-term objectives.

Fidelity Investments, on the other hand, offers an impressive array of mutual funds. Their wide range gives investors plenty of choices, but it can also be overwhelming for those strictly eyeing retirement assets.

Factor 2: Retirement Plans

Empower specializes in holistic retirement solutions

  • Fidelity Investments offers individual retirement accounts with flexibility.
  • Empower Retirement takes the lead with its corporate retirement plan expertise.

Empower’s strength lies in its core – retirement planning. Their approach is comprehensive, catering to both individual and corporate retirement plan needs. Their advisory service is designed to offer guidance at every step, ensuring individuals and businesses are well-prepared for retirement age.

Fidelity Investments also offers retirement plans. Their individual retirement accounts are flexible and come with a wide range of investment options. However, when it comes to specialized retirement solutions, they might not be as tailored as Empower.

Factor 3: Advisory Services

Empower boasts a team of dedicated advisors for personalized guidance

  • Fidelity offers financial advisors, but they cater to a broader spectrum.
  • Empower stands out for its retirement-focused advisory services.

Empower Retirement provides clients with dedicated advisors who work closely to help shape their retirement journey. This hands-on approach ensures that investors receive guidance tailored to their unique financial goals, making the road to retirement smoother.

Fidelity Investments, while having a commendable advisory service, caters to a wide array of financial needs. Their advisors are knowledgeable and assist in various facets of finance, but the service might not be as retirement-centric as Empower.

Factor 4: Customer Support

Empower Retirement thrives on its team of advisors always ready to assist

  • Fidelity offers robust customer support with a mix of tools and human assistance.
  • For retirement-specific queries, Empower shines brighter.

Empower Retirement places a significant emphasis on providing top-notch support to its users. With a dedicated team of advisors at the helm, they ensure that every query, especially retirement-related, is addressed promptly and efficiently.

Fidelity Investments isn’t far behind. With a range of support channels and a wealth of online tools, they cater to their vast clientele effectively. However, in terms of specialized retirement assistance, Empower Retirement has a slight edge.

Factor 5: Online Trade Features and Expense Ratios

Empower offers personalized trade investments with competitive expense ratios

  • Fidelity Investments provides a broad platform for online trade with varied expense ratios.
  • Empower’s targeted trade options for retirement make it more suitable for focused investors.

Empower focuses on making trade investments that align with retirement goals. They offer tools and features that ensure investors are making choices beneficial in the long run. Moreover, their competitive expense ratios ensure maximum returns on investments.

Fidelity Investments provides a more expansive platform for online trades. Their extensive offerings cater to various financial goals, not just retirement. While they offer a wide range of investment options, the expense ratios can vary, and not all might be optimized for retirement.

The Verdict

When dissecting Empower Retirement vs Fidelity Investments, both platforms have strong offerings. Fidelity’s stronghold in mutual funds and broad services make it a choice for many. They cater to a wide audience, ensuring that varied financial goals are met.

However, Empower Retirement emerges slightly ahead in this comparison, especially for those focused on retirement. Their personalized tools, tailored investment options, and a team of dedicated advisors ensure that the path to retirement is clear and well-guided.

For those keen on shaping their retirement with precision and expert guidance, Empower Retirement is a solid pick. Click here to dive into their platform today and set the foundation for a secure retirement.
Learn More About Empower Retirement