Softwr

Accounting & Finance · head to head

Empower vs Wise Business

Empower logo

Empower

Accounting & Finance

All your finances. One app.

From
$29/month
Rated
-
Full reviewWebsite
Wise Business logo

Wise Business

Accounting & Finance

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Empower empower's managed advisory tiers require a minimum of $100,000 in investable assets for Personal Strategy and $1,000,000 for Private Client, with exact advisory fee percentages deferred to the Form ADV filing rather than published on the site.; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: Empower covers Net worth tracking, Wise Business covers Multi-currency accounts.

Where they differ

Only the attributes on which Empower and Wise Business actually diverge.

Attributes where Empower and Wise Business differ
AttributeEmpowerWise Business
Pricing modelfreemiumusage-based
PlatformsWeb, Ios, AndroidWeb, Ios, Android, Api
Founded20092011

Identical on both: starting price ($29/month), free tier (No), user rating (Not yet rated), category (Accounting & Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Empower

  • Net worth tracking
  • Investment tracking
  • Retirement planner
  • Cash flow
  • 401k fee analyzer
  • Bank connections
  • Brokerage accounts
  • SOC 2

Only in Wise Business

  • Multi-currency accounts
  • International transfers
  • Batch payments
  • API access
  • Team management
  • Xero
  • QuickBooks
  • Various

Both cover

  • Web support
  • Ios support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Empower

  • Wealth trackingnot Wise Business
  • Retirement planningnot Wise Business
  • Investment analysisnot Wise Business

Wise Business

  • Holding and converting multiple currencies as a businessnot Empower
  • Paying international suppliers and contractors at the mid market ratenot Empower
  • Receiving payments into local currency account details in several countriesnot Empower

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Empower

  • Empower's managed advisory tiers require a minimum of $100,000 in investable assets for Personal Strategy and $1,000,000 for Private Client, with exact advisory fee percentages deferred to the Form ADV filing rather than published on the site.

Wise Business

  • Opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • Volume discounts on transfers start only above 20,000 GBP equivalent sent per month

Pricing, plan by plan

Empower

$29/month
  • Free ToolsFree
    • Net worth tracking
    • Cash flow
    • Investment checkup
  • Wealth ManagementFree
    • 0.89% AUM fee
    • Dedicated advisor
    • Tax optimization

Wise Business

$29/month
  • StandardFree
    • Multi-currency account
    • Real exchange rate
    • Batch payments

Which should you pick?

Choose Empower if

  • You need net worth tracking.
  • You work on Web, Ios, Android.
  • You also want investment tracking.
Empower review

Choose Wise Business if

  • You need multi-currency accounts.
  • You work on Web, Ios, Android, Api.
  • You also want international transfers.
Wise Business review

Questions people ask

Is Empower or Wise Business better?
Neither clearly leads. Empower starts at $29/month and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Empower or Wise Business?
Empower starts at $29/month and Wise Business at $29/month.
Does Empower or Wise Business run on more platforms?
Empower runs on Web, Ios, Android. Wise Business runs on Web, Ios, Android, Api.
What is Empower best used for?
Empower is most often used for wealth tracking, retirement planning, investment analysis. Of those, wealth tracking and retirement planning are not what Wise Business is typically brought in for.
What can Empower do that Wise Business cannot?
Empower covers Net worth tracking, Investment tracking, Retirement planner, Cash flow. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Both handle Web support, Ios support, Android support.
ShareXLinkedInRedditWhatsAppEmail

Related pages

More on Empower

More on Wise Business

Keep looking

Other head to heads