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AnalysisRetirementThe WrapThe Retirement Capital Week

Empower Personal Wealth draws $2.5 billion in quarterly net inflows

Third-quarter earnings rose 15% to $364 million and administered assets reached $2.3 trillion.

$2.5Bin quarterly net inflows

By The Wrap desk14 min read

Empower's Personal Wealth arm drew $2.5 billion of net inflows in the third quarter, the firm reported with its quarterly results.

Third-quarter earnings rose 15% to $364 million, and Empower ended the quarter with $2.3 trillion in administered assets.

Administered assets measure plan assets Empower services as a recordkeeper, while net inflows into Personal Wealth measure money added to a separate arm of the same company.

Advisers benchmarking recordkeepers as distribution partners get two separate figures: $2.3 trillion of administered plan assets and $2.5 billion of quarterly net inflows into Personal Wealth.

Reported by The Wrap desk from Empower third-quarter results. Published . Corrections

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Empower Personal Wealth draws $2.5 billion in quarterly net…