Investment adviser · CRD 107272

EMPOWER CAPITAL MANAGEMENT, LLC

Investment adviser filing (IA)

GREENWOOD VILLAGE, CO, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $78B
Client accounts: 165
Employees: 319
Advisory professionals: 84

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Investment companies	1	$44,531,228,567	57.1%
Insurance companies	26	$17,295,425,296	22.2%
Retirement plans	65	$5,559,282,751	7.1%
Pooled investment vehicles	8	$5,507,949,521	7.1%
Government entities	15	$3,652,098,309	4.7%
Corporations & businesses	47	$1,353,197,751	1.7%
Banks & thrifts	Fewer than 5	$58,159,915	0.1%

Filing source

Form ADV 2071173 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

11 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

COLI-VUL MANAGED FUND VI (PIMCO)Other Private Fund · Last reported Mar 31, 2026$629MGross asset value

Auditor DELOITTE & TOUCHE DENVER, Colorado, United States

Custodian BANK OF NEW YORK ORISKANY, New York, United States Related to adviser: No

Marketer EMPOWER FINANCIAL SERVICES, INC. GREENWOOD VILLAGE, Colorado, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: Yes

DELOITTE & TOUCHE
PCAOB 34

EMPOWER FINANCIAL SERVICES, INC.
CRD 13109 · SEC 8-33854

Fund details & source

Fund ID: 805-9312200040
Reported beneficial owners: 7
Minimum commitment: $0

Form ADV 2071173 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

COLI-VUL 5 SERIES ACCOUNT (US BANCORP)Other Private Fund · Last reported Mar 31, 2026$546MGross asset value

Auditor DELOITTE & TOUCHE DENVER, Colorado, United States

Custodian BANK OF NEW YORK ORISKANY, New York, United States Related to adviser: No

Marketer EMPOWER FINANCIAL SERVICES, INC. GREENWOOD VILLAGE, Colorado, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: Yes

DELOITTE & TOUCHE
PCAOB 34

EMPOWER FINANCIAL SERVICES, INC.
CRD 13109 · SEC 8-33854

Fund details & source

Fund ID: 805-8594241331
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2071173 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

COLI-VUL 8 SERIES ACCOUNT (AMERICAN EXPRESS II)Other Private Fund · Last reported Mar 31, 2026$265MGross asset value

Auditor DELOITTE & TOUCHE DENVER, Colorado, United States

Custodian BANK OF NEW YORK ORISKANY, New York, United States Related to adviser: No

Marketer EMPOWER FINANCIAL SERVICES, INC. GREENWOOD VILLAGE, Colorado, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: Yes

DELOITTE & TOUCHE
PCAOB 34

EMPOWER FINANCIAL SERVICES, INC.
CRD 13109 · SEC 8-33854

Fund details & source

Fund ID: 805-2700417974
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2071173 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

COLI-VUL MANAGED FUND IV (ECM)Other Private Fund · Last reported Mar 31, 2026$216MGross asset value

Auditor DELOITTE & TOUCHE DENVER, Colorado, United States

Custodian BANK OF NEW YORK ORISKANY, New York, United States Related to adviser: No

Marketer EMPOWER FINANCIAL SERVICES, INC. GREENWOOD VILLAGE, Colorado, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: Yes

DELOITTE & TOUCHE
PCAOB 34

EMPOWER FINANCIAL SERVICES, INC.
CRD 13109 · SEC 8-33854

Fund details & source

Fund ID: 805-5420275144
Reported beneficial owners: 15
Minimum commitment: $0

Form ADV 2071173 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

COLI-VUL 3 SERIES ACCOUNT (HUNTINGTON)Other Private Fund · Last reported Mar 31, 2026$191MGross asset value

Auditor DELOITTE & TOUCHE DENVER, Colorado, United States

Custodian BANK OF NEW YORK ORISKANY, New York, United States Related to adviser: No

Marketer EMPOWER FINANCIAL SERVICES, INC. GREENWOOD VILLAGE, Colorado, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: Yes

DELOITTE & TOUCHE
PCAOB 34

EMPOWER FINANCIAL SERVICES, INC.
CRD 13109 · SEC 8-33854

Fund details & source

Fund ID: 805-7252738701
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2071173 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

COLI-VUL MANAGED FUND II (WAMCO)Other Private Fund · Last reported Mar 31, 2026$146MGross asset value

Auditor DELOITTE & TOUCHE DENVER, Colorado, United States

Custodian NORTHERN TRUST CHICAGO, Illinois, United States Related to adviser: No

Marketer EMPOWER FINANCIAL SERVICES, INC. GREENWOOD VILLAGE, Colorado, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: Yes

DELOITTE & TOUCHE
PCAOB 34

EMPOWER FINANCIAL SERVICES, INC.
CRD 13109 · SEC 8-33854

Fund details & source

Fund ID: 805-5163818583
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2071173 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

COLI-VUL 10: INVESTMENT DIVISION 3 (BANK UNITED)Other Private Fund · Last reported Mar 31, 2026$121MGross asset value

Auditor DELOITTE & TOUCHE DENVER, Colorado, United States

Custodian BANK OF NEW YORK ORISKANY, New York, United States Related to adviser: No

Marketer EMPOWER FINANCIAL SERVICES, INC. GREENWOOD VILLAGE, Colorado, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: Yes

DELOITTE & TOUCHE
PCAOB 34

EMPOWER FINANCIAL SERVICES, INC.
CRD 13109 · SEC 8-33854

Fund details & source

Fund ID: 805-3589448834
Reported beneficial owners: 1
Minimum commitment: $0
Form D file number: 021-42792

Form ADV 2071173 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management · Business portfolio management · Selection of other advisers

Compensation

Percentage of assets · Fixed

Principal office

8515 EAST ORCHARD ROAD, 2T3
GREENWOOD VILLAGE, CO, 80111, United States

CRD 107272

Filing source

Form ADV 2071173 · Mar 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.