Frequently asked questions

About Empactful

Empactful is a robo-advisory platform, or online wealth management platform, that seamlessly integrates social responsibility into everyday investing. Leveraging the power of diversified ETFs, Empactful investors have the ability to effect change with their funds by investing in socially responsible companies or donating a percentage of profits to causes they’re passionate about. Through Empactful, anyone can grow their wealth and help invest in a brighter future. Empactful will partner with charitable organizations to offer clients the option to easily donate a portion of their profits to socially responsible charities they are passionate about. Empactful will donate a portion of its annual profits to ESG causes as voted on users, furthering the brand mission and building goodwill.

Your Empactful investments are SIPC insured. SIPC coverage includes up to $500,000 in protection per separate account type, with up to $250,000 in protection for cash assets.

We charge only 0.5% per year for assets under management.

Getting Started

There is no minimum or maximum amount you can invest. However, each individual deposit has a minimum value of $0.01 and a maximum value of $100,000.00.

No, you have the option of selecting a traditional passion that doesn’t have a socially responsible component to your investments.

You can reallocate your investment risk at any time.

There are no limitations. You can easily invest or donate with the same account.

Yes, you can change the investment’s duration at any time. Moreover, you can liquidate or withdraw your money without penalty.

Brokerage Accounts

Your cash and securities are held in a brokerage account in your name at Folio Investments, Inc.

Folio Investments, Inc. (“Folio Institutional”) is a registered clearing broker-dealer with the U.S. Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory Authority, Inc. (FINRA) and the Securities Investor Protection Corporation (“SIPC”). Folio Institutional, among other things, holds public and non-public/unlisted securities and cash on behalf of its customers.

Folio Institutional is based in McLean, VA and is not affiliated with Empactful. Folio Institutional is not responsible for and does not approve, endorse, review, recommend or guarantee the services of Empactful, including its selection of charities to which you may donate. Folio Institutional does not question, investigate, analyze, monitor, or otherwise evaluate the suitability of any investment made in your brokerage account or review the prudence, merits, viability, or suitability of any security as an investment for you or the decision to purchase or hold securities. You have access to your account with Folio Institutional at

A brokerage account is an account held, in your name, by Folio Institutional as a broker-dealer registered with the SEC and authorized to hold the cash and securities managed by Empactful.

When you apply to open a brokerage account with Folio Institutional, Folio Institutional will look to confirm certain elements of your personal information, including your email address. This verification process is very important because Folio Institutional will be unable to open a brokerage account for you until your information has been verified, including your email address. Folio Institutional uses your email address to send you important notices and information, including information about your trade confirmations, account statements and year-end tax information. It’s important that your account is verified so that you can receive valuable information about your investments directly from Folio Institutional as your custodian. It is also important to ensure you maintain all your account data elements in current state.

In the unlikely event that Folio Institutional were to become insolvent, your brokerage accounts are covered by SIPC insurance,  SIPC insurance protects against losses stemming from the financial failure of SIPC member brokerage firms. SIPC insurance protects the securities and cash in a brokerage account up to $500,000 (which includes a limit of $250,000 protection for cash in an account). SIPC insurance protection for customers with multiple accounts is determined by “separate capacity” as defined by SIPC. A brochure explaining SIPC coverage is available on the SIPC website (

Independent of and in addition to SIPC coverage, Folio Institutional provides brokerage customers with additional supplemental insurance coverage, which would only be used when SIPC insurance coverage is exhausted. Purchased from underwriters at Lloyds of London this separate, supplemental insurance provides coverage for an additional amount of loss to clients limited to a combined aggregate return to all customer from SIPC and certain underwriters at Lloyds of London of $10 million each with a sub-limit of $900,000 to cover cash based on any one customer’s presentation of an excess SIPC claim.

Neither SIPC insurance nor the supplemental insurance coverage protects against investment losses from the decline in the market value of securities. 

In addition to the SIPC insurance coverage for cash, you also may be entitled to insurance through the Federal Deposit Insurance Corporation (“FDIC”). All cash deposits held in Folio Institutional’s bank sweep program (“the Program” as defined in Exhibit 2 to the Folio Institutional Customer Agreement), by account ownership category as recognized by the FDIC, are covered by insurance from the FDIC, up to certain amounts.

Under the Program, Folio Institutional provides extended FDIC insurance by placing your cash, by account ownership category, in a bank or multiple banks when it would exceed the limits of any one bank. For the number and identity of the current banks in the Program, the available FDIC insurance, and a full explanation of the Program please see Folio’s website. 

You can get publicly available financial information concerning any or all of the banks at and more detail on FDIC insurance from by contacting the FDIC Public Information Center by mail at 3501 North Fairfax Drive, Room E-1005, Arlington, VA 22226 or by phone at (877) 275-3342 or (703) 562-2200.