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Empower Personal Dashboard, previously known as Personal Capital, developed by Empower, is a comprehensive financial tracking tool that provides a holistic view of your financial life. It aggregates all your financial accounts—banking, investments, credit cards, mortgages—into a single dashboard, offering insights into net worth, cash flow, and investment performance. Users connect their various financial institutions, and the platform automatically updates account balances and transaction data. It is available on web, iOS, and Android platforms. The most used feature is the Net Worth tracker, which dynamically updates as your assets and liabilities change. All financial data is aggregated and stored securely in the cloud, with read-only access to connected accounts.
Why It’s Useful
Empower Personal Dashboard eliminates the fragmentation of financial information, allowing users to see their entire financial picture without logging into multiple accounts. For the individual tracking retirement savings across different brokerage accounts, it provides a unified view of their entire portfolio, including asset allocation and performance against benchmarks. For a family managing diverse investments, savings, and debts, it offers a single source of truth for their net worth, helping them make informed long-term financial decisions. The core dashboard and tracking features are completely free, making it incredibly useful for anyone seeking a comprehensive financial overview. While many banks offer their own dashboards, Empower aggregates data from virtually any institution, providing a truly consolidated view and sophisticated investment analysis that individual banks lack. Its fee analyzer, which identifies hidden investment fees, is a powerful feature that can save users significant money over time. Setting up the dashboard, while requiring connecting multiple accounts, is straightforward and generally takes under 10-15 minutes for a non-technical person.
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