Domain Money offers a flat-fee financial planning platform that connects clients with Certified Financial Planners® to create personalized financial models and action plans. This approach eliminates hidden fees and prioritizes unbiased advice, enabling clients to achieve their financial goals more efficiently.
Funding
$33M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals find traditional wealth management inaccessible due to high costs, hidden fees, and pressure to move assets, hindering their ability to receive expert financial advice. This lack of accessible guidance can lead to suboptimal financial decisions and delayed achievement of financial goals.
Solution
Domain Money provides personalized financial planning services through Certified Financial Planners (CFPs) for a flat fee, eliminating asset under management (AUM) fees and commissions. Clients receive a comprehensive financial plan tailored to their unique goals, covering areas such as cash flow analysis, investment strategy, retirement planning, tax optimization, and estate planning. CFPs offer ongoing support and guidance, helping clients implement their plans and adapt to changing life circumstances. Domain Money distinguishes itself by not requiring clients to move their assets to their platform, focusing instead on unbiased advice and actionable strategies.
Target Audience
Domain Money primarily targets young professionals, rising professionals, high earners, business owners, and couples seeking expert financial advice and personalized planning without the burden of AUM fees.
Features
- Personalized financial plan creation with detailed action items
- Cash flow analysis and spending plan development
- Investment strategy aligned with individual goals and risk tolerance
- Retirement planning and projections
- Tax planning and optimization strategies, including tax-loss harvesting and Roth conversions
- Equity compensation strategies for employees with stock options and RSUs
- Real estate planning, including home affordability analysis and rental property cash flow analysis
- Education funding strategies, including 529 plan guidance
- Estate planning support, including evaluation of existing plans and creation of wills and trusts
- Insurance optimization to ensure adequate coverage
- Access to financial calculators for home affordability, retirement planning, and more