02.07.25

Empower’s Wealth Unit Grows Assets 29%

by: WealthManagement.com

Empower’s personal wealth advisement division reported 29% growth in average assets under management to $86 billion in 2024. Empower has built up a staff of 1,000 advisors in recent years to provide wealth management services to individuals, including the 19 million people on its recordkeeping platform, representing about $1.8 trillion in assets. “At the center of Empower’s growth strategy is the delivery of financial advice to more people in new ways,” CEO Edmund Murphy said. “We achieved four strong quarters of growth in 2024 because our customers, their advisors and the partners with whom we work are bringing much-needed advice to the millions of people we serve.”

Read the full article on WealthManagement.com