Domain Money Review: Fee-Only Financial Plans

Domain Money is a fee-only financial advising platform that connects users with Certified Financial Planners (CFPs) for financial planning sessions. While it’s not cheap, it could be a good value for some people who want help understanding their financial situation and creating a long-term plan for future savings and investments.

The Domain Money team consists of four CFPs. Three plans are available, ranging from a single 90-minute session to a comprehensive six-month financial review. It offers a 100% satisfaction guarantee, so if the service doesn’t meet your expectations, you may be able to get a refund.

As a fee-only financial planning service, we like Domain Money more than competing financial advisors that charge a percentage of assets under management (AUM). However, the pricing model is a bit steep for many people, particularly compared to several other financial planning options.

Domain Money is a fee-only financial planning service offering several plans to help customers improve their finances, focusing on varying goals.

Founded in 2021, the relatively small team is based in New York City. Planning starts with a full review of your existing financial accounts, including cash and investments. Advisors create a customized plan for your money, including a review of what’s working well and specific actions you should take to meet your goals.

The team behind Domain Money has worked with major financial companies, including Marcus by Goldman Sachs, SoFi, and Clarity Money. It’s backed by major venture capital firms and investors, including Marc Benioff of Salesforce and Ashton Kutcher. 

Domain Money offers three paid packages. You can start with a free introductory strategy session to decide if Domain Money is a good fit before committing to a paid plan.

The lowest-cost offering from Domain Money is the One Page Plan, which requires a one-time $2,500 flat fee. With the One Page Plan, you start with a 30-minute introductory session. Then, the advisor takes a couple of weeks to review everything before a follow-up 90-minute planning session to review the results and your long-term plan.

The One Page Plan focuses primarily on saving, spending, and cleaning up your financial situation. Your plan includes a look at your net worth, cash flow, current expenses, a revised spending plan, an analysis of your current investments, and a goal-based plan. You’ll end with a to-do list of straightforward actions to reach your financial goals.

The Strategic Plan is the mid-tier offering and costs $4,500. With this plan, you and your advisor focus on up to three areas of your finances you want help with. The most common areas are cash flow, the ability to afford a home, and retirement. However, you can choose anything that’s most relevant to your financial goals.

Clients who choose this plan get two meetings with their financial advisor plus a month of unlimited phone and email support. As with the One Page Plan, you’ll get reports including a review of your net worth, cash flow, expenses, investments, and a goal-based plan with specific actions to follow.

The Comprehensive Plan costs $7,500 and includes six months of working with your dedicated financial advisor. It includes four meetings and an in-depth review of your entire financial situation. Focus areas include goal setting, cash flow analysis, debt management, investments, tax planning, real estate, education savings, retirement planning, insurance, and estate planning.

This in-depth plan includes essentially everything you get with the lower-cost plans and more. You’ll finish your six months with a detailed plan and actionable steps to confidently remain on track for your financial goals.

Domain Money is completely transparent with its fees. While it’s expensive, there’s no question about what you’ll pay, and no upsells beyond the three plans.

• One Page Plan: $2,500
• Strategic Plan: $4,500
• Comprehensive Plan: $7,500

We like that there are no AUM charges and that you’re not pressured to transfer your investments to a Domain Money account. However, $2,500 for a 90-minute planning session and more for the longer-term plans is a lot of money.

You can open an account by filling out the form to book a free strategy session. You’ll start by entering your contact info and basic financial information. Then, you can pick a time that works for you to meet for your 30-minute call. As of this writing, there’s a wait of about two weeks to get a time to chat with an advisor.

Domain Money doesn’t take control of your funds, so you can consider it safe and secure. The advisors are CFP professionals you can trust to give you unbiased financial advice to the best of their ability. There’s no AUM model, so you can trust that the advisor is working in your best interest.

New customers start by completing an online form to schedule their first meeting. Once you’re an active customer, you can contact your advisor by phone or email.

Customer service is available by email. The contact address is [email protected]. Domain Money’s phone number is 646-970-6926.

I’m a finance writer with more than a decade of experience writing about money online. I have two finance degrees and spent a large part of my MBA program focused on investments. I’ve interviewed and reviewed many financial advisors, allowing me to give an informed opinion of Domain Money and other financial advising services to help you hone in on the best option for your budget and financial needs.

Domain Money is best for individuals and families with a solid income who want to improve their financial situation.

If you’re in a lot of debt or don’t have enough income to reasonably afford at least $2,500 for financial advising, you may want to shop around for a lower-cost service.