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Empower Capital Management

SEC-registered adviser since 1996Greenwood Village, COCRD 107272

$78.0B
AUM
162
Clients
See fees
Fee
84
Advisory staff

From Form ADV filed 31 March 2026 · data retrieved 15 October 2026SEC record

Empower Capital Management is an investment adviser headquartered in Greenwood Village, Colorado, and registered with the SEC since 1996. Its clients include investment companies, insurance companies, and pension and profit-sharing plans.

Its services include portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. Fee arrangements include a percentage of assets under management and fixed fees. Empower Services Holdings US, LLC owns 75% or more of Empower Capital Management.

Clients

Empower Capital Management serves 162 clients, 65 of them pension and profit-sharing plans. The average client has about $481 million with the firm.

Regulatory assets by client type
  • Investment companies1 clients57%
  • Pooled investment vehicles8 clients7%
  • Pension and profit-sharing plans65 clients7%
  • State or municipal government entities15 clients5%
  • Insurance companies26 clients22%
  • OtherBanking or thrift institutions, Corporations and other businesses2%
Show client breakdown
Banking or thrift institutions
Clients
Not reported
Regulatory AUM
$58,159,915
Share
0.1%
Avg. per client
—
Investment companies
Clients
1
Regulatory AUM
$44,531,228,567
Share
57.1%
Avg. per client
$44.53B
Pooled investment vehicles
Clients
8
Regulatory AUM
$5,507,949,521
Share
7.1%
Avg. per client
$688.5M
Pension and profit-sharing plans
Clients
65
Regulatory AUM
$5,559,282,751
Share
7.1%
Avg. per client
$85.5M
State or municipal government entities
Clients
15
Regulatory AUM
$3,652,098,309
Share
4.7%
Avg. per client
$243.5M
Insurance companies
Clients
26
Regulatory AUM
$17,295,425,296
Share
22.2%
Avg. per client
$665.2M
Corporations and other businesses
Clients
47
Regulatory AUM
$1,353,197,751
Share
1.7%
Avg. per client
$28.8M

Total

Clients
162
Regulatory AUM
$77,957,342,110
Share
100%
Avg. per client
$481.2M

What it does

Empower Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and other activities. It is paid through a percentage of assets and fixed fees.

Empower Capital Management provided financial planning to 0 clients last fiscal year and advises 9 private funds.

93.6% of assets ($72.98B across 96 accounts) are managed with discretion; $4.98B across 69 accounts are not. 0% of clients are outside the U.S., and 68 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks1%
  • Bonds98%
    • Investment grade corporate bonds68%
    • U.S. government and agency bonds28%
    • State and local bonds1%
    • High-yield corporate bonds1%
  • Cash1%

Custodians

Empower Capital Management’s client accounts are held mainly at Bank of New York, with 18% of managed assets, and State Street Bank and Trust, with 8%. Empower Capital Management has custody of client assets.

Managed account assets by custodian
  • Bank of New YorkBank of New York · New York, NY · $14.05B18%
  • Citibank, National AssociationCitibank, National Association · New York, NY · $4.67B6%
  • State Street Bank and TrustState Street Bank and Trust · Boston, MA · $6.03B8%
  • J.P. MorganJ.P. Morgan · New York, NY · $2.83B4%
  • All other custodians$50.38B65%

Ownership and leadership

Empower Services Holdings US, LLC owns 75% or more of Empower Capital Management.

Who owns the firm
Empower Capital Management, LLC· the adviser

  • Empower Services Holdings US, LLC

    Control person · since January 2024

    Owns 75% or more of Empower Capital Management, LLC

Leadership

  • Lazaro Guzman
    Vice President
  • Jonathan Kreider
    President and CEO
  • Ryan Logsdon
    Vice President & Counsel
  • Ahmed Abdul-Jaleel
    Chief Compliance Officer
  • Tad Anderson
    Assistant Portfolio Manager
  • Jack Brown
    Chief Investment Officer
  • Darrin Robert Clough
    Portfolio Manager
  • John Clouthier
    Assistant Treasurer
  • Andrew Corwin
    Portfolio Manager
  • Abhijit Dande
    Derivatives Risk Manager
  • Alyssa Galbaugh
    Assistant Secretary
  • Richard Linton
    Manager
  • Mary Maiers
    Manager
  • David McLeod
    Manager
  • Maria Mendelsberg
    Portfolio Manager
  • Kelly New
    Financial Officer & Treasurer
  • Palak Patel
    Secretary
  • Robyn Richards
    Assistant Portfolio Manager
  • Olga Zhivnitskaya
    Counsel

Staff

  • 319 employees
  • 84 in advisory functions
  • 6 state-registered reps
  • 44 broker-dealer reps

Fees

Empower Capital Management is paid through a percentage of assets under management and fixed fees (other than subscription fees).

Empower Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Empower Capital Management has 0 offices, with 1 listed address in 1 state.

Listed office addresses by state

Colorado · 1 listed address

  • 8515 East Orchard Road, 2t3, Greenwood VillageHQ

Registration details

Legal name
Empower Capital Management, LLC
Headquarters
8515 East Orchard Road, 2t3, Greenwood Village, CO 80111
Phone
303-737-1646
Website
www.empower.com/investments
SEC file
801-52309
Structure
Colorado LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Empower Capital Management have?

Empower Capital Management has 162 clients and manages $78 billion for them, as of March 2026. They include 65 pension and profit-sharing plans, 47 corporations and other businesses and 26 insurance companies.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026

What services does Empower Capital Management offer?

Empower Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, selecting other managers and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Empower Capital Management use?

Empower Capital Management’s separately managed account assets are held at Bank of New York (New York, NY), with $14,047,323,669, State Street Bank and Trust (Boston, MA), with $6,032,411,418, Citibank, National Association (New York, NY), with $4,672,316,037 and J.P. Morgan (New York, NY), with $2,825,894,089. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026

How many financial advisors does Empower Capital Management have?

Empower Capital Management has 6 investment adviser representatives registered with state securities authorities, out of 319 employees, and 84 perform investment advisory functions. 44 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Empower Capital Management invest in?

At the end of its last fiscal year, Empower Capital Management’s separately managed accounts held 68% investment grade corporate bonds, 28% U.S. government and agency bonds, 1% exchange-traded equities, 1% state and local bonds, 1% high-yield corporate bonds and 1% cash and equivalents. It advises 9 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Empower Capital Management?

Empower Capital Management’s direct owner is Empower Services Holdings US, LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026

How does Empower Capital Management get paid?

Empower Capital Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 31 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 107272.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Empower Capital Management, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.