Domain Money Review 
According to the U.S. Bureau of Labor Statistics (BLS), the median financial advisor earns $95,390 a year. That can make them expensive to use. This is because many will charge their customers a recurring fee equal to 1% of customer assets per year, over a lifetime this can be $100,000s!
What if I said you could get a personalized plan from a qualified financial planner covering budgeting, cashflow analysis, life goals, investment allocation and tax efficiency – for a flat fee from $2,500?
And what if I said that the plan would be delivered via a user-friendly app?
Well, you can get all of that – from a new app called Domain Money.
In this Domain Money review, I’ll help you decide whether it’s worth it for someone in your financial situation.
App Category: Investing
App Cost: 1% annual management fee on invested cash
Best For: Investors looking to build long-term wealth
In The News: “So, if you’re looking for a more exciting portfolio to help you take some risks in the pursuit of some big rewards, then Domain Money might be just the platform for you.” – Weekly Money News
Coming up with the right investment strategy for your financial goals can be hard to do on your own. Domain Money, a wealth-building app, offers access to four managed investment strategies and portfolios that provide investors with diversified exposure to stocks, digital currencies and non-fungible-tokens (NFTs).
In case you don’t know what an NFT is, it’s basically a digital certificate that is used as proof of ownership of a unique real-world object. NFTs can be bought, sold and traded online like other investments.
All four of Domain Money’s strategies – Domain Edge, Domain Metaverse, Domain Balances and Domain Access — were created by the platform’s affiliate, Domain Money Advisors, to help investors build long-term wealth. The assets selected for an investor’s portfolio are carefully vetted through a multi-step process by the advisory team and portfolios get automatically rebalanced to help keep your investments on track with your selected strategy and goals. For all of this, Domain Money only charges a 1% annual management fee on money invested and only requires a minimum initial investment of $100 to $500.
How legit is Domain Money? The creators of the app include veterans from investing and banking industry leaders Goldman Sachs, Morgan Stanley, Betterment, Coinbase, BlockFi and Bridgewater. Those are some heavy hitters!
If you want to build lasting wealth, Domain Money is one of the best options out there.
The testimonials about or endorsements of Strategies have been provided by a participant who received a fixed fee for the content and who currently is not a customer of Domain Money Advisors, LLC. The information contained herein is for informational purposes only and is not, and shall not constitute investment advice, an offer to sell, a solicitation of an offer to buy or an offer to purchase any securities or cryptocurrency, nor should it be deemed to be an offer, or a solicitation of an offer, to purchase or sell any investment product or service. Domain Money Advisors and Domain Money, Inc. expressly disclaim any liability or loss incurred by any person who acts on the information, ideas or strategies discussed. Investing comes with inherent risks and you should always invest within your means and risk tolerance. Past performance is not an indication of future returns and you should always consult a financial advisor prior to making investment decisions. Please see important disclosures at www.domainmoney.com/legal.
What is Domain Money?
Domain Money is a financial planning platform & app that’s designed to be simple and easy. For a flat fee starting at $2,500, you can get a one-page financial plan to help you steer toward your long-term goals.
Your Domain Money one-page plan will cover:
So basically, you’ll get guidance for every aspect of your financial life – and all on a concise easy to read document.
Also, the advice doesn’t come from a robot. Domain Money has a team of qualified financial advisors who are also Certified Financial Planners (CFPs). Their advisors are top quality having worked at household names such as Goldman Sachs or Morgan Stanley where you often need millions of dollars to be a customer, at Domain Moneys there’s no investment minimums so everyone has access to quality advice.
You can meet with a member of the Domain Money team for a 30-minute complimentary no-obligation discussion to discuss life goals and see if you’d be a good fit. If you decide to proceed, you upload relevant documents via the app are the Domain Money team will spend hours building up your financial picture and working out the best way for you to achieve your goals, prepare your plan, and then sit down for a 90-minute financial planning session with you so you feel confident about the next steps. That’s where you can ask any questions and make sure you understand the best way to build a bright financial future. You also have the option for multiple follow up calls and meetings to ensure the plan is working as intended.
The guidance from Domain Money is personalized, specific, and actionable. The advisors look carefully at your income, spending habits, and other financial activity. They also consider your stated goals and priorities. That allows them to tell you exactly what to do.
How Does Domain Money Work?
Enacting a financial plan from Domain Money is a 3-step process:
- Book a free consultation. You’ll meet one of Domain Money’s Certified Financial planners and describe your financial goals. The CFP will then recommend one of Domain Money’s three financial plans.
- Receive your financial plan. Domain money’s advisors will review your financial information and then produce an actionable plan with step-by-step instructions.
- Act on the plan to achieve your financial goals. This step should be easy since the plans are packed with such specific advice.
During your free consultation, the Domain Money advisor will suggest one of three financial plans:
- One-Page Plan ($2,500 flat fee). This option comes with a concise tactical guide and a 90-minute financial planning session.
- Strategic Plan ($4,500 flat fee). With this plan, you can receive additional guidance on 3 financial areas like: cash flow, home affordability, or retirement. You’ll also get 2 meetings and a month of unlimited phone calls and emails with an advisor.
- Comprehensive Plan ($7,500 flat fee). This 6-month program focuses on every aspect of your financial life and includes 4 meetings with an advisor.
And what if you want even more guidance from Domain Money?
Don’t worry – you can get it!
For just $500, former clients can request an updated version of their financial plans. That’s great for when your circumstances or goals unexpectedly change.
And for $300, you can book a 1-hour coaching session. This option presents an affordable way to make sure you’re staying on track to meet your objectives.
To start the process, just head to the official Domain Money website, type in your email address, and click “Free Consultation.” You could be just a few weeks away from whipping your finances into serious shape!
Is Domain Money Legit?
Domain Money is a totally legitimate company – which is why you can trust it with your financial future.
Here’s some rock-solid evidence that Domain Money is legit:
- The company’s founder and CEO, Adam Dell, was previously a partner at Goldman Sachs.
- Each of the company’s financial advisors is a Certified Financial Planner (CFP), and they all have years of experience.
- The company’s investors include the actor Ashton Kutcher and Salesforce founder Marc Benioff.
- The company and it’s app use bank-grade security to ensure customer data is secure.
- Domain Money was voted by Apple as one of the 24 best apps in 2024.
So, these aren’t sketchy developers trying to make a quick buck off gullible customers. They’re qualified professionals who understand the world of financial planning and want to make it easier for people to access their expertise.
Are you still not sure you want to take the plunge and pay for Domain Money? Then, you should at least find free ways to improve your personal finances. Start by reading this guide to “Which savings account will earn you the most money?”
Is Domain Money Safe?
Using Domain Money is absolutely safe. I know it can seem strange to give a company access to delicate financial details, but with Domain Money, you really have nothing to worry about.
They clearly state that they won’t sell your data to anyone, and you have every reason to believe them. After all, the company’s business model is based on maintaining the trust of clients, not profiting from people’s data.
Pros and Cons of Domain Money
Domain Money is definitely an exciting platform – but no company can provide everything that customers need. Here are Domain Money’s pros and cons to consider.
- Your plan will be ready within a month. Some other financial planners let the process drag on for ages.
- The plans are designed as actionable roadmaps. That makes them easy to follow, even if you’re not well-versed in personal finance.
- There are 3 levels of plans available. After talking things over during your free consultation, you can pay for the services you need – and nothing more.
- Even the cheapest plan costs $2,500. That puts the service out of reach for some potential customers.
- Domain Money is a new company. It’s definitely 100% legit, but it doesn’t have decades of institutional clout behind it. The newness also makes it hard to find reliable user reviews.
- There’s no monthly payment option. While the flat-fee model simplifies things, it’s also a bit limiting. You have to pay upfront whether you want to or not.
Domain Money Reviews
As a new company, Domain Money doesn’t have a lot of online reviews just yet. But the users who have shared their opinions are generally thrilled with the service!
Let’s see what people are saying about Domain Money on the Apple App Store.
One user left a 5-star Domain Money review praising the company for inventing “a new way to invest.”
Another client called Domain Money “a complete game changer.” The platform resolved financial issues that had once seemed intimidating.
I’d usually share some negative reviews to show where users have complaints. But here’s the thing: I couldn’t find a single negative Domain Money review!
Does that mean the Domain Money app is perfect? Of course not. I’m sure some bad reviews will pop up eventually.
But it’s definitely a good sign that the platform’s getting so much positive attention!
Domain Money App Reviews
Now, let’s look at some Domain Money reviews that focus on the app’s user experience.
One person said they appreciated how customer service chats are integrated into the app.
In another 5-star Domain Money app review, someone called the platform “very user-friendly.”
Another user noted that the app is missing some potentially useful features, including an option to categorize transactions. And yet, this semi-negative feedback was included in a 5-star Domain Money app review – so it’s safe to say the customer was still satisfied with their experience!
Domain Money Reviews Reddit
I found a Reddit thread with someone asking whether Domain Money is legit. They specifically wanted to know if anyone had any experience with the platform.
Someone responded with a positive Domain Money app review. They said their advisor was “super nice, approachable, and knowledgeable.” They also called the app “smooth and really easy to use.”
Domain Money Reviews BBB
I couldn’t find a page for Domain Money on the Better Business Bureau (BBB) website. I’m guessing that’s because the company is still so new.
I’ll keep my eyes peeled for Domain Money reviews from the BBB. In the meantime, you can at least be confident that Domain Money is legit.
Is Domain Money Worth It?
Here’s the verdict of this Domain Money review: The Domain Money platform is definitely worth it – but only for certain people.
As incredible as the advice offered by Domain Money can be, it’s far from free. Even the cheapest plan costs $2,500.
So, if you’ve only got a few thousand dollars saved away, you’re better off using less expensive resources to improve your finances. You can start by reading this guide to 5% interest savings accounts, and then consider using Bright Money to tame your credit card debt. Learn more with this Bright Money review.
When I think of the ideal Domain Money client, I imagine someone like this:
- $250K combined household income or above
- Age Range: 30s – 40s
If you’re in that situation, then Domain Money could have a major impact on your financial situation while costing just a fraction of your annual earrings.
Think about it: The advice from your Domain Money plan could help you pay less in taxes, earn more from investments, and make major purchases at the optimal time. All those savings and earnings will almost certainly add up to more than $2,500.
Commonly Asked Questions About Domain Money
What are Alternatives to Domain Money?
Here are some financial platforms that are similar to Domain Money:
Is Domain Money a Scam?
Domain Money is far from a scam. It’s a legitimate company with headquarters in New York, and its advisors are all licensed Certified Financial Planners with years of experience.
What is The Catch With Domain Money?
The only real “catch” with Domain Money is that you have to pay for the service upfront, and the cheapest option is $2,500. Some customers will appreciate the simplicity of that model, but it could be tough if you’d rather start with a smaller payment.
Domain Money Discounts / Domain Money Coupons / Domain Money Deals?
I couldn’t find any Domain Money discounts, coupons, or special deals. If any come along, I’ll be sure to update them here.
What is The Interest Rate for Domain Money?
There’s no specific interest rate associated with Domain Money. Why? Because Domain Money is a financial planning platform, not a bank. The app’s expert advisors will suggest various accounts and investments based on your goals, and so the interest rates will depend on those suggestions.