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nerdwallet VS Empower

Compare nerdwallet VS Empower and see what are their differences

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nerdwallet logo nerdwallet

Quora for Finance

Empower logo Empower

Our vision is to transform financial lives through advice, people and technology. Our mission is to empower financial freedom for all.
  • nerdwallet Landing page
    Landing page //
    2022-12-13
Not present

nerdwallet features and specs

  • Comprehensive Financial Tools
    NerdWallet offers a wide array of financial tools, including budgeting calculators, credit score tracking, investment comparison tools, and loan calculators. These tools help users make informed financial decisions.
  • Educational Resources
    The platform provides extensive articles, guides, and blog posts on a variety of financial topics. This educational content is designed to improve financial literacy.
  • User-Friendly Interface
    NerdWallet has a user-friendly interface that makes it easy to navigate through different sections and find relevant financial information quickly.
  • Personalized Recommendations
    The platform offers personalized financial product recommendations based on the user’s individual financial situation and goals.
  • Free Access
    Most of the resources and tools provided by NerdWallet are available for free, making it accessible to a wide audience.

Possible disadvantages of nerdwallet

  • Affiliate Links
    NerdWallet earns revenue through affiliate links and partnerships with financial institutions. This could lead to potential bias in recommendations.
  • Privacy Concerns
    To provide personalized recommendations, NerdWallet collects and stores personal financial information, which may raise privacy concerns for some users.
  • Limited Product Scope
    While NerdWallet covers a broad range of financial products, it may not include every possible option available in the market, potentially limiting choices for users.
  • Ad-Population
    The site includes advertisements and sponsored content, which can be distracting and may detract from the user experience.
  • Complexity for Novices
    Although the interface is user-friendly, the depth and breadth of information available can be overwhelming for newcomers who have limited financial knowledge.

Empower features and specs

  • Comprehensive Financial Dashboard
    Personal Capital provides a detailed overview of all your financial accounts in one place, empowering users to track their net worth, spending, and investments efficiently.
  • Free Tools and Resources
    Users have access to a suite of free financial tools such as retirement planners, investment checkups, and budgeting tools.
  • Investment Management
    Personal Capital offers professional wealth management services with personalized investment strategies, helping users optimize their portfolios.
  • Security
    High-level security features including encryption, fraud detection, and secure data storage ensure user data is protected.
  • Cash Flow Management
    The platform provides tools to manage daily, monthly, and yearly cash flows, allowing users to stay on top of their budgets and financial goals.

Possible disadvantages of Empower

  • Cost for Wealth Management
    While many tools are free, personalized wealth management services come with a fee based on assets under management, which may be higher compared to other robo-advisors.
  • Limited Banking Features
    Personal Capital does not offer a full suite of banking features, and users may need to maintain additional bank accounts elsewhere.
  • Complexity
    The wide range of tools and features may be overwhelming for beginners who are not familiar with financial planning and investment management.
  • Manual Account Linking
    Some financial institutions may not be supported automatically, requiring users to manually input data, which can be time-consuming.
  • Privacy Concerns
    Aggregating all financial data in one place could be a concern for some users in terms of privacy and data security, despite the platform's strong security measures.

Analysis of nerdwallet

Overall verdict

  • NerdWallet is generally considered a good resource for personal finance information and tools. It offers comprehensive reviews, guides, and calculators to help users make informed financial decisions.

Why this product is good

  • NerdWallet provides a wide range of financially-oriented content, including reviews of financial products like credit cards, loans, and banking services. It also offers educational articles on investing, budgeting, and saving. The platform is appreciated for its user-friendly design, detailed analyses, and up-to-date information, which help users navigate complex financial choices.

Recommended for

  • Individuals seeking guidance on selecting credit products.
  • Users looking for comparisons of financial products like credit cards and loans.
  • People who want to improve their personal finance management through educational content and tools.
  • Anyone who prefers easy-to-understand financial advice and resources.

Analysis of Empower

Overall verdict

  • Empower is highly regarded for its robust financial planning capabilities and user-centric design, making it a solid choice for individuals looking to manage their finances more effectively. However, as with any service, its suitability can vary based on individual financial situations and preferences.

Why this product is good

  • Empower is an online financial planning and management platform that offers tools for budgeting, saving, investing, and financial planning. It is designed to help users gain better control of their financial health through detailed insights and personalized recommendations. Users appreciate its user-friendly interface, comprehensive financial tools, and the ability to sync various financial accounts.

Recommended for

  • Individuals seeking comprehensive financial management tools
  • Users who want to track their spending and budgeting in one place
  • People interested in both managing daily finances and planning for long-term financial goals
  • Anyone looking for personalized financial insights and recommendations

nerdwallet videos

+ Add

Millionaire Reacts To NerdWallet TV Ad

More videos:

  • Review - Nerdwallet: Avoiding Personal Debt
  • Review - NerdWallet Review Best Credit Cards I December 2020

Empower videos

+ Add

Personal Capital Review

More videos:

  • Review - Personal Capital vs Mint Review (which is better?)
  • Review - Mint vs. Personal Capital Review — The Pros and Cons
  • Review - 💸 Empower App Review: The Most Expensive Cash Advance App?!
  • Review - Empower Budgeting App Review 2024
  • Review - Empower Review (fka Personal Capital): Free Tools to Build Wealth

Category Popularity

0-100% (relative to nerdwallet and Empower)

nerdwallet

Empower

Personal Finance
28 28%
Personal Finance
72% 72
Finance
25 25%
Finance
75% 75
Financial Planner
24 24%
Financial Planner
76% 76
Accounting
100 100%
Accounting
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare nerdwallet and Empower

nerdwallet Reviews

Best 9 Personal Finance Software For Windows 11, 10 Free PC, Surface Pro
NerdWallet is an ideal finance software for personal and small business users. The software has plenty of tools to keep an eye on your financial movements. It is great software for those who want to improve their financial health by simply tracking down and managing their money transactions.
Source: www.techwibe.com

Empower Reviews

Love Personal Capital? It doesn’t work internationally. Alternatives for 2022
Even discounting the free features, Personal Capital is quite simply a pretty slick investment management and advisory platform. Combining the efficiency benefits of automated investment tools with the customer engagement of active human management, Personal Capital has managed to aggregate a helluva lot of different tools and account products, all while maintaining a clean,...
Source: investingintheweb.com
11 Best Quicken Alternatives in 2021 (#1 is Free)
Personal Capital–It’s both free and comes with the a robust set of features unmatched by other alternatives. It easily handles budgeting, net worth, cash flow, retirement investments and taxable investments. It also comes with excellent tools, including a retirement calculator, investment fee analyzer and investment portfolio analyzer. Personal Capital can now even track...
Source: robberger.com
The Best Personal Finance Budget Software with Apps (In 2020)
One way to describe Personal Capital’s budgeting software is an “account aggregator.” This program allows you to track and understand every single penny in all of your financial accounts. Once you link up all of your various accounts, including your bank accounts, investments, mortgage, credit cards, and any other accounts, Personal Capital summarizes your finances and...
Source: ptmoney.com
Top 15 Budget Apps to Make Your Personal Finance Goals Easy
I love YNAB and Personal Capital. I still use the old version of YNAB as I paid a one time fee for it (as I refuse to pay for subscriptions – yes, I’m cheap). As for Personal Capital, it’s a nice way to view only our investment and retirement accounts, and I love how it tracks contributions and fees.
Source: www.marriagekidsandmoney.com
The 8 Best Budgeting Apps of 2020
Personal Capital offers a complete investment advising solution, a hybrid robo-advisor, and human advisor service in one. Without paying a cent, you can access Personal Capital’s free money tracking dashboard, which includes some handy budgeting features.
Source: www.thebalance.com

Social recommendations and mentions

Based on our record, nerdwallet seems to be more popular. It has been mentiond 43 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

nerdwallet mentions (43)

  • Suggestions for HELOC provider?
    My mortgage holder, Wells Fargo, no longer offers HELOCs. I browsed bankrate.com and nerdwallet.com and see many providers, but only a few banks. I do not recognize many of the companies on the list. (Ex: https://www.nerdwallet.com/mortgages/heloc-rates). Source: almost 2 years ago
  • Can I get a mobile home with no credit?
    I would try renting first and when you are happy where you are and with your job for awhile consider getting a new homebuyers loan. Also, you need to work on your credit for that to happen. Call a bank and ask about a prepaid credit card. Then use that card to pay a small monthly bill (3-7% of the allotted credit) that you can have taken straight out of your checking account (at that same bank or a different one).... Source: almost 2 years ago
  • Banking
    There are some good reviews on moneysense.ca or nerdwallet.com or creditcardgenius.ca or savynewcanadian.com or ratehub.ca. Source: almost 2 years ago
  • Is Minnesota liberal?
    Tough choice between Minneapolis and Portland. I'd stay away from DC personally. I love it here in Minnesota, but have friends just outside Portland who like it there as well. Both areas have good schools in the suburbs and are great cities. I think public transit is better in Portland is better and you can't beat the wilderness opportunities in Oregon, but Minnesota has a TON of great parks and wilderness as... Source: about 2 years ago
  • Credit Card News and Deals Roundup: Week of April 10, 2023
    Per NerdWallet, Chase provided the following additional information about the conversion:. Source: about 2 years ago
View more

Empower mentions (0)

We have not tracked any mentions of Empower yet. Tracking of Empower recommendations started around Jan 2025.

What are some alternatives?

When comparing nerdwallet and Empower, you can also consider the following products

Mint - Free personal finance software to assist you to manage your money, financial planning, and budget planning tools. Achieve your financial goals with Mint.

Beyo App - Beyo App helps you sell more, track your business income & expenses. Download Beyo App now.

YNAB - Working hard with nothing to show for it? Use your money more efficiently and control your spending and saving with the YNAB app.

Quicken - Stay in control of your monthly cash flows, budgets, and expenditures. Quicken provides a navigable interface where you can organize your debit, credit, and savings, and build good habits accordingly.

Buxfer - Online tools for personal finance, budgeting, and bill reminders. Split bills and IOUs with friends and roommates.

myBooks by Zetran - myBooks accounting software is an online cloud-based accounting solution designed primarily to serve small and midsize businesses.

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