Invest for multiple financial goals without worry
An Empower Investment Account offers unlimited funding so you can invest for multiple financial goals without worrying about investment limits. Plus, you’ll enjoy commission-free online trading of stocks and ETFs.1 An added benefit is that you can take advantage of optional check-writing features that allow you to withdraw money from your account quickly and easily whenever you need it.2 For complete details of all benefits, fees and requirements related to the services and products of the check-writing privileges refer to the Corestone® Financial Portfolio guide.
So you might be asking yourself, “Why would I need an Empower Investment Account?”
This type of account may be right for you if:
You’ve maxed out your annual retirement contribution limit with several months remaining in the calendar year, but you don’t want to lose your investing momentum.
You’re retired and would prefer to reinvest your required minimum distributions so you can continue investing for your financial goals.
You’ve inherited an IRA from a family member and need an investment vehicle that allows you to invest the distributions for your future.
You’ve opened several taxable accounts at other financial institutions and want to consolidate them into a single account so you can see your combined investments in one place.
Consider all your options and their features and fees before moving money between accounts.
An Empower Investment Account offers another way to invest for your future without having to worry about the limits or restrictions found in retirement investment vehicles. You can rest easy knowing you have a single place to contribute additional investment income.
The Empower Investment Account (EIA) is intended for knowledgeable investors who acknowledge and understand the risks associated with the investments available through a brokerage account.
1 The first one thousand trades (1,000) placed online each calendar year are $0; thereafter, each online trade will be charged $6.95. Orders executed over multiple days may result in separate transaction fees for each trading day. Regulatory and American depositary receipt (ADR) fees as well as financial transaction taxes are separate and in addition to the posted commission.
2 Any uninvested cash in your account may be withdrawn up to your account balance.
ETFs are a type of exchange-traded investment product that must register as either an open-end investment company (generally known as “funds”) or a unit investment trust. ETFs are not mutual funds.
Unlike mutual funds, individual shares of ETFs are not redeemable directly with the issuer. ETF shares are a collection of securities bought and sold at market price, which may be higher or lower than the net asset value (NAV). Investment returns will vary based on market conditions and volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. ETFs are subject to risks similar to those of their underlying securities.
Empower Financial Services, Inc. reserves the right to change and/or modify pricing.
Be aware that certain mutual funds may be subject to separate and additional redemption fees imposed by the particular fund. Refer to that fund’s current prospectus for details.
Transaction fees may apply to certain mutual funds. Transaction fees, where applicable, will be noted during online order entry or via your registered representative during broker-assisted trades.
Clearing, settlement, custody and other brokerage services are provided by Pershing LLC, Member FINRA/NYSE/SIPC and a wholly owned subsidiary of The Bank of New York Mellon Corporation. Additional information may be obtained by calling 877-788-6261. EFSI and Pershing are separate and unaffiliated brokerage firms. Accounts are subject to review and approval of EFSI.
Certain ETFs are available commission-free. Please contact your service representative or visit the brokerage website for more details.