AdvisorCensus / Financial advisors / Colorado / Denver / Empower Advisory Group, LLC
Empower Advisory Group, LLC is an SEC-registered investment advisory firm in Greenwood Village, CO, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 9, 2026.
Quick answers
From the filingHow is Empower Advisory Group, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Empower Advisory Group, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
What does Empower Advisory Group, LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated May 15, 2026 states: Asset-based fee: up to 0.6% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Empower Advisory Group, LLC located?
Empower Advisory Group, LLC's principal office is in Greenwood Village, CO, according to its Form ADV; the August 2026 filing also lists 5 other offices (Schedule D, Section 1.F).
Is Empower Advisory Group, LLC registered with the SEC or a state?
Empower Advisory Group, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 112058.
How much does Empower Advisory Group, LLC manage?
Empower Advisory Group, LLC reports $195,426,321,479 in regulatory assets under management in its Form ADV filing dated July 9, 2026 (84% discretionary).
How have Empower Advisory Group, LLC's assets and staff changed since 2021?
In the Form ADV data for Empower Advisory Group, LLC: Regulatory assets under management: $62,273,983,745 in the October 2021 data and $195,426,321,479 in the October 2026 data, up 214%. Total employees: 382 in October 2021 and 8,051 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Empower Advisory Group, LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (272,823); high net worth individuals (20,524); state or municipal government entities (including government pension plans) (2,400).
Which custodians does Empower Advisory Group, LLC use?
Empower Advisory Group, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Empower (affiliated with the firm), Pershing Advisor Solutions LLC and State Street Bank and Trust Company as custodians holding 10% or more of its separately managed account assets.
Does Empower Advisory Group, LLC report any disciplinary disclosures?
Reports 5 disclosure items on Form ADV Item 11: yes answers to 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/112058
What changed in Empower Advisory Group, LLC's recent Form ADV filings?
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: up to 0.6% of assets a year (the maximum the brochure states)
The brochure's wording
Generally, Members in PMP pay EAG, on a periodic basis, usually quarterly, in arrears, based on a percentage of assets managed in their retirement plan account (up to 0.60%, typically declining for account balances greater than $100,000).
As stated in the firm's Form ADV Part 2A brochure dated May 15, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$195,426,321,479 as of October 2026, filing dated July 9, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2000 (25 years)
- Employees
- Total: 8,051. Performing investment advisory functions: 6,138.
- Wrap fee program participation
- Yes.
- Custodians (Schedule D, Section 5.K(3))
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Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
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5 other offices, as of the August 2026 filing
- States registered or notice-filed
-
53 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 115 Reports 5 disclosure items on Form ADV Item 11. View on IAPD.
Questions answered yes on this filing
Regulatory matters Items 11.C to 11.G
- 11.C(1) Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2) Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4) Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5) Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(4) In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $195,426,321,479 | 8,051 | July 9, 2026 |
| October 2025 | $159,120,330,491 | 822 | May 14, 2025 |
| October 2024 | $134,279,160,181 | 766 | September 11, 2024 |
| October 2023 | $116,213,253,377 | 874 | September 28, 2023 |
| October 2022 | $83,075,998,298 | 467 | August 22, 2022 |
| October 2021 | $62,273,983,745 | 382 | September 10, 2021 |
Regulatory assets under management: $62,273,983,745 in the October 2021 data and $195,426,321,479 in the October 2026 data, up 214%.
Total employees: 382 in October 2021 and 8,051 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- July 2026
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Employees performing advisory functions went from 802 to 6138.
- Regulatory assets under management went from $159,120,330,491 to $195,426,321,479 (+23%).
- Added an office in Boston, MA.
- No longer lists an office in Congers, NY.
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Item 11 disclosure answers changed: 5 yes answers, previously 1 (now yes: 11.C(1), 11.C(2), 11.C(4), 11.C(5)).
- Updated its list of owners and control persons (Schedule A).
- November 2025
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Empower Advisory Group, LLC (CRD 112058): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/empower-advisory-group-llc-greenwood-village-co-112058