Empower Retirement named No. 1 by financial advisors in five key service categories
Advisors asked to name leading firms in the evolving investment management business
GREENWOOD VILLAGE, Colo., Sept. 30, 2021 — In recognition of innovation, service and value, Empower Retirement has been awarded five “Gold Medals,” including in the “Best Overall” recordkeeper category, by financial advisors across the country.
In the second year of its Service Awards survey, Financial Advisor IQ asked more than 900 financial advisors to identify the firms they considered to be leaders in the evolving investment management business.* The awards were announced today at the Financial Times’s “Future of Asset Management” conference.
Empower was their top choice and Gold Medal winner in five key categories: “Best Reporting,” “Best Client Service,” “Best Price,” “Best Participant Tools” and, for the second consecutive year, “Best Overall Recordkeeper.” Empower also was recognized with a “Silver Medal” for “Best Cybersecurity/Privacy.”
“We are honored by these awards,” said Edmund F. Murphy III, Empower Retirement President and CEO. “These Gold Medals represent the team effort between Empower associates and financial advisors, who we believe are at the center of our offer. We know advisors want to bring the best solutions to their clients, and we’re pleased that they include Empower.”
Financial Advisor IQ is a fast-growing advisor resource from the Financial Times. Its mission is to inform, educate and connect advisors with daily news focused on practice management and industry content from leading fund firms. Financial Advisor IQ surveyed financial advisors who work with asset managers, defined contribution recordkeepers and Employee Retirement Income Security Act (ERISA) law firms. Only advisors’ votes determined the gold, silver and bronze medal winners across 21 categories. Read their report here.
“These Service Awards recognize business partners financial advisors consider most valuable to their day-to-day practice,” the Financial Advisor IQ announcement said.
Empower Retirement was created in 2014 and has grown into the nation’s second-largest retirement services provider1 serving all segments of the employer-sponsored retirement plan market. The firm estimates that it works with some 36,000 advisors across the country.
*Neither the medal winners nor the companies considered for the medals pay a fee to The Financial Times in exchange for inclusion in the Financial Advisor IQ Service Awards.
About Empower Retirement
Headquartered in metro Denver, Empower Retirement administers approximately $1 trillion in assets for more than 12 million2 retirement plan participants as of June 30, 2021, and is the nation’s second-largest retirement plan recordkeeper by total participants.1 Empower serves all segments of the employer-sponsored retirement plan market: government 457 plans; small, mid-size and large corporate 401(k) clients; not-for-profit 403 (b) entities; private-label recordkeeping clients; and IRA customers. Personal Capital, a subsidiary of Empower Retirement, is an industry-leading hybrid wealth manager. For more information please visit empower-retirement.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
Stephen Gawlik – 303-737-0899 (office), 617-417-4408 (cell)
Monica Mendoza – 303-737-2626 (office), 719-373.-2460 (cell)
To learn more about how we’re empowering plan sponsors and their participants to be more engaged in their retirement plans than ever before, call us at 800-719-9914.
1 Pension & Investments 2020 Defined Contribution Survey Ranking as of April 2021.
2 As of June 30, 2021. Information refers to the business of Great-West Life & Annuity Insurance Company and its subsidiaries, including Great-West Life & Annuity Insurance Company of New York and GWFS Equities, Inc. GWLA’s consolidated total assets under administration (AUA) were $1,131B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. GWLA’s statutory assets total $75.2B and liabilities total $73.3B. GWLANY statutory assets total $3.5B and liabilities total $3.3B.
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