Empower Financial Advisory provides financial planning, portfolio management for individuals and small businesses, pension consulting, education planning, insurance, and philanthropic planning. Financial planning was provided to 251–500 clients last fiscal year.
Empower Financial Advisory reports 295 clients. They include 200 high-net-worth individuals, 90 individual clients, and 5 pension and profit-sharing plans. Of its assets, 100.0% ($636M across 1,508 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 31% | 20% |
| High-net-worth individuals | 68% | 80% |
| Pension and profit-sharing plans | 2% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 90 | $127M | 20.0% | $1.41M |
| High-net-worth individuals | 200 | $509M | 80.0% | $2.54M |
| Pension and profit-sharing plans | 5 | $300K | 0.0% | $60K |
| Total | 295 | $636M | 100% | $2.16M |
- Clients
- 90
- Regulatory AUM
- $127M
- AUM share
- 20.0%
- Avg. per client
- $1.41M
- Clients
- 200
- Regulatory AUM
- $509M
- AUM share
- 80.0%
- Avg. per client
- $2.54M
- Clients
- 5
- Regulatory AUM
- $300K
- AUM share
- 0.0%
- Avg. per client
- $60K
Total
- Clients
- 295
- Regulatory AUM
- $636M
- AUM share
- 100%
- Avg. per client
- $2.16M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Empower Financial Advisory charges 0.25%–1.50% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$400K | 1.25% |
| $400K–$1M | 1.00% |
| $1M–$2.5M | 0.80% |
| $2.5M–$5M | 0.60% |
| $5M–$10M | 0.50% |
| $10M and above | 0.25% |
Fee details and sources
Other fees
- Ongoing financial planning
- Ongoing financial planning is a fixed engagement fee of $1,500 to $20,000 a year.
- Project-based financial planning
- Project-based planning is billed at up to $300 an hour or a fixed engagement fee of $1,500 to $20,000.
Ronald Williams owns 75% or more of Empower Financial Advisory. The leadership team of Empower Financial Advisory includes President Ronald Williams. It has 7 employees, 4 of them in advisory roles.
Leadership
- Ronald WilliamsPresident and Chief Compliance Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 4 in advisory functions
- 4 state-registered reps
- 3 insurance agents
- Owns 75% or more of Empower Financial Advisory, LLC
Ronald Williams
Control person · since April 2021
Empower Financial Advisory’s regulatory assets grew Infinity× from $0 (July 2021) to $636M (May 2026); employees fell from 9 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $636M | 295 | 7 | 1 |
| February 2025 | $535M | 370 | 7 | 1 |
| June 2024 | $412M | 317 | 7 | 1 |
| April 2023 | $340M | 317 | 7 | 1 |
| March 2022 | $412M | 308 | 8 | 1 |
| July 2021 | $0 | 0 | 9 | 1 |
Besides its headquarters, Empower Financial Advisory has 0 offices, with 1 listed address in Connecticut.
Connecticut · 1 listed address
- 655 Winding Brook Drive, GlastonburyHQ
Contact and registration details
- Legal name
- Empower Financial Advisory, LLC
- Headquarters
- 655 Winding Brook Drive, Glastonbury, CT 06033
- Website
- empowerfa.com
- Phone
- 860-494-2600
- SEC file
- 801-121271
- Founded
- 2017
- Structure
- Connecticut LLC
- Fiscal year end
- December
Empower Financial Advisory uses Fidelity ($605M) as custodian for its separately managed accounts. Empower Financial Advisory does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $605M100%
At year end, Empower Financial Advisory’s separately managed accounts were mostly in funds (98%).
What the accounts hold
- Stocks1%
- Funds98%
- Cash1%
How many clients does Empower Financial Advisory have?
Empower Financial Advisory has 295 clients and manages $636 million for them, as of May 2026. They include 200 high-net-worth individuals, 90 individual clients, and 5 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 May 2026
What services does Empower Financial Advisory offer?
Empower Financial Advisory provides financial planning, portfolio management for individuals and small businesses, pension consulting, education planning, insurance, and philanthropic planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Empower Financial Advisory charge?
Empower Financial Advisory charges 0.25%–1.50% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: EMPOWER DISCLOSURE BROCHURE AND BROCHURE SUPPLEMENTS, filed 6 May 2026
Which custodians does Empower Financial Advisory use?
Empower Financial Advisory’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $605M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 May 2026
How many financial advisors does Empower Financial Advisory have?
Empower Financial Advisory has 4 investment adviser representatives registered with state securities authorities, out of 7 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 employees 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 Financial Advisory invest in?
At the end of its last fiscal year, Empower Financial Advisory’s separately managed accounts held 98% registered funds (mutual funds, ETFs, BDCs), 1% exchange-traded equities and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Empower Financial Advisory?
Empower Financial Advisory’s direct owner is Ronald Williams (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 6 May 2026
How does Empower Financial Advisory get paid?
Empower Financial Advisory is paid through a percentage of assets under management, hourly charges 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
Is Empower Financial Advisory registered with the SEC?
Yes, Empower Financial Advisory has been registered with the SEC as an investment adviser since 21 May 2021. Its CRD number is 313968 and its SEC file number is 801-121271.
Source: Form ADV Part 1A, Item 1, filed 6 May 2026; IAPD firm record
How do I contact Empower Financial Advisory?
Empower Financial Advisory’s main office is at 655 Winding Brook Drive, Glastonbury, CT 06033. Its phone number is 860-494-2600. Its website is empowerfa.com.