Empower Advisory Group, LLC

Registered investment adviser · Greenwood Village, CO · CRD #112058

Form ADV data as of 2026-09-01

Regulatory assets

$195.43 billion

Total accounts

297,074

Employees

8,051

Disclosure events

Firm details

Website: https://empower.com/eag
Telephone: 866-575-4977
SEC file number: 801-58105
Most recent Form ADV filing: 2026-07-09
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 5 disclosure questions answered Yes, covering 7 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a false statement or omission
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator entered an order in connection with investment-related activity (past 10 years)

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$164.24 billion
Non-discretionary regulatory assets under management	$31.19 billion
Total regulatory assets under management	$195.43 billion
Discretionary accounts	209,380
Non-discretionary accounts	87,694
Total accounts	297,074
Regulatory assets under management attributable to non-U.S. persons	$1.0 million

People

Total employees (excluding clerical)	8,051
Employees performing investment advisory functions (including research)	6,138
Employees who are registered representatives of a broker-dealer	919
Employees registered as investment adviser representatives with a state	1,126
Employees registered as IARs for another investment adviser	5
Employees who are licensed insurance agents	170
Firms or persons who solicit advisory clients on the firm's behalf	941

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$110.57 billion
Clients for whom a related person has custody	171,670
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	Yes
Number of persons acting as qualified custodians for the firm's clients	4

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesEducational seminars/workshops

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Commodity pool operator or commodity trading advisorTrust companyInsurance company or agencySponsor or syndicator of limited partnershipsSponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Recommends securities for which it serves as underwriter or general partner
Brokers or dealers selected under 8.C.(3) are related persons
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	272,823	$127.04 billion
High net worth individuals	20,524	$38.72 billion
Pension and profit sharing plans (not the participants or government plans)	1,191	$3.95 billion
Charitable organizations	60	$17.4 million
State or municipal government entities (including government pension plans)	2,400	$25.56 billion
Corporations or other businesses not listed above	76	$139.0 million