Double Finance Analysis
What is Double Finance?
Double Finance provides zero expense ratio index investing, enabling users to select from over 50 stock market indexes or create custom ones, with low-cost management services.
Employees
5
Founded
2023
Business Model
Subscription model charging $1/month for management services and tax optimization.
Product Features & Capabilities
- zero expense ratio index investing, customizable stock indexes, direct indexing, tax loss harvesting, automated portfolio management, commission-free investing, fiduciary responsibility, SEC registered advisor, SIPC insurance, 2-factor authentication
Pricing
- $1/month for management, including tax loss harvesting.
- No expense ratios.
- No AUM fees.
- No trading commissions.
- First 6 months are free.
Who are the founders of Double Finance
JM
JJ Maxwell
Founder
MW
Mark Wai
Founder
Market Focus
Double Finance primarily focuses on the financial services industry, specifically in the area of index investing. They offer zero expense ratio index investing, allowing users to select from various stock market indexes or create their own.
Investors
- Matrix Partners (led the seed round)
- Roar Ventures
- Peak Stake VC
- YCombinator
- Angel investors:
- Jawed Karim (YouTube founder)
- Jon Xu (FutureAdvisor founder)
- JJ Fliegelman (WayUp founder)
- Rich Aberman (WePay founder)
- Nick Elledge (DataFleets founder)
- Roger Dickey (Gigs
Competitors Overview
The main competitors of Double Finance in the index investing market include:
- Fidelity Investments: Known for its Fidelity Zero Large Cap Index (FNILX), which offers a 0% expense ratio. Fidelity has positioned itself as a leader in low-cost index funds, providing a range of investment option
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