Empower Capital Management, LLC

Registered investment adviser · Greenwood Village, CO · CRD #107272

Form ADV data as of 2026-09-01

Regulatory assets

$77.96 billion

Total accounts

165

Employees

319

Disclosure events

Firm details

Website: https://www.empower.com/investments
Telephone: 303-737-1646
SEC file number: 801-52309
Most recent Form ADV filing: 2026-03-31
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 1 disclosure question answered Yes, covering 1 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.

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	$72.98 billion
Non-discretionary regulatory assets under management	$4.98 billion
Total regulatory assets under management	$77.96 billion
Discretionary accounts	96
Non-discretionary accounts	69
Total accounts	165
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	319
Employees performing investment advisory functions (including research)	84
Employees who are registered representatives of a broker-dealer	44
Employees registered as investment adviser representatives with a state	6
Employees registered as IARs for another investment adviser	4
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	0

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	$28.14 billion
Clients for whom a related person has custody	100
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	1

How the firm is compensated

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

Advisory services offered

Portfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)Other

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Trust 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:

Executes agency cross transactions involving advisory client securities
Recommends securities for which it serves as underwriter or general partner

Client types

Type of client	Clients	Assets
Banking or thrift institutions	Not reported	$58.2 million
Investment companies	1	$44.53 billion
Pooled investment vehicles (other than investment companies and BDCs)	8	$5.51 billion
Pension and profit sharing plans (not the participants or government plans)	65	$5.56 billion
State or municipal government entities (including government pension plans)	15	$3.65 billion
Insurance companies	26	$17.30 billion
Corporations or other businesses not listed above	47	$1.35 billion