Domain Money is an all-in-one wealth management app providing investment advice, insurance, taxes, and much more for $79 per month.
Quick Summary:
Domain Money is an all-in-one wealth management app that helps you manage your entire financial life with a dedicated financial Planner. Unlike traditional advisors, who just charge for advice, Domain Money advisors will proactively manage your savings, investments, taxes and insurance all in one easy-to-access app.
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PROS
- No Minimum Investment
- Transparent Pricing
- 30 Day Free Trial
CONS
- New Company
- Price
What is Domain Money?
Domain Money is an all-in-one wealth management app that helps you manage your entire financial life with a dedicated financial Planner. Unlike traditional advisors, who just charge for advice, Domain Money advisors will proactively manage your savings, investments, taxes and insurance all in one easy-to-access app.
Domain’s tech-enabled platform allows our advisors to spend the vast majority of their time doing what they do best – building relationships with clients to help them achieve their financial goals.
Founded by industry experts who developed Clarity Money and Marcus by Goldman Sachs, Domain built a set of proprietary technologies and processes that radically streamlines the time it takes to deliver its services.
Utilizing a team of specialists behind the scenes, who handle specialized tasks such as Certified Public Accountants (CPAs) and investment management specialists, our advisors are able to focus their time and attention on our clients.
Founded by industry experts who developed Clarity Money and Marcus by Goldman Sachs, Domain built a set of proprietary technologies and processes that radically streamlines the time it takes to deliver its services.
How Does Domain Money Work?
Domain Money’s key offering is its financial Planner service.
When you sign-up for Domain Money, they will connect you with an investment advisor investment advisor who is registered as a CERTIFIED FINANCIAL PLANNER™ Professional (CFP® Professional).
Unlike other platforms, Domain’s Financial Planner’s are actual employees of the company, which means customers are treated with the highest standard of care to act in the best interests of our clients.
NOTE: Domain does not use AI to deliver financial advice. Their approach ensures highly qualified human advisor, who is dedicated to your account and oversees all financial advice provided to our clients.
As a Domain Money platform, they will analyze your external portfolio, look for missed tax opportunities, file your taxes, set up a personalized financial plan and manage your savings and insurance, all for one flat monthly fee or $79 per month.
Domain does not charge fees based on the products you choose, meaning their advice is entirely objective and helps align their interests with their clients.
Your Domain advisor will collaborate with you to recommend the most suitable account type and asset allocation based on various factors, including your objectives, risk tolerance, and future plans.
The investment advisor will help you construct cost-effective portfolios with a high level of diversification primarily using exchange-traded funds (ETFs) and index funds.
Who Should Use Domain Money?
Domain Money is Best For...
Individual Investors: Those looking for quantitative research and stock recommendations based on earnings estimate revisions.
Intermediate to Advanced Traders: Traders with some experience might benefit from their in-depth analysis and proprietary rating system.
Key Features
As an all-in-one wealth management app, Domain Money offers a wide array of financial services to keep your finances in order.
Dedicated Financial Planner
Unlimited access to your dedicated advisor. Call, text or video chat whenever you like.
Investment Management
Unlike other financial planners who charge you just for “advice,” Domain puts their advice into action. They put your money to work and show you where it’s going via our intuitive app.
Tax Prep and Filing
Domain will prepare and file your taxes for no additional cost, which is a nice perk. Who likes doing taxes anyway.
Insurance Management
Domain will review your life, auto and home insurance to see if you’re getting the best coverage for the best price.
Estate Planning
Domain aims to streamline and simplify the mess that comes with trust and estate planning. Domain will set up a will or an entire estate plan for you and your family.
Bill Negotiation
Internet, cable, cell phone and more. This platform will call your provider and wait on hold, haggle and “ask to speak to the manager” until they save you a few bucks.
External Portfolio Review
If you have money invested elsewhere, whether it is a 403B or 401k to the stocks you bought a few years back, Domain will review your portfolio.
Pricing & Value
Domain Money’s pricing is transparent and simple.
There are no hidden fees and Memberships are risk-free for 30 days.
When you you sign up for Domain Money, you get access to:
- Expert advice from your dedicated CFP® Professional.
- Unlimited chat, video and email access.
- 5% APY High Yield Savings Account, 12x the national average.
- Expert-built, personalized investment portfolios with no management fees.
- Tax preparation and filing included.
- Monthly: $79
- Quarterly: $225 (Most Popular)
- Annually: $828
Is Domain Money Worth It?
Domain Money offers an interesting opportunity to streamline personal finance and wealth management. If you are overwhelmed by managing your finances, or simply don’t want to deal with the details, then yes, Domain Money is worth it.
But if you’re more of a DIY’er, then the $79 can probably be better spent elsewhere.
