Douugh Invest
Douugh Invest
in Investment Advisors from Douugh USA LLC

Douugh Invest

in Investment Advisors from Douugh USA LLC
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Douugh Invest Review

Douugh Invest was founded in 2016 and is based in Patchogue, NY. It is a Registered Investment Adviser or RIA. RIAs have a fiduciary duty to work in your best interest. Douugh Invest is not tied to a particular company or product and can therefore offer unbiased investment advice.

Douugh Invest Pros & Cons

The Good The Bad
  • Trades in low-cost ETFs.
  • Competitive investment expense ratios.
  • No minimum amount to open an account.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Small selection of account types offered.
  • Limited investment options.

Douugh Invest FAQ

What fees does Douugh Invest charge?

Douugh Invest Fees
Monthly Fee $4.99

What management fees does Douugh Invest charge?

Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.

What are the investment expense ratios of Douugh Invest?

Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.

Douugh Invest does not charge fees based on an investment expense ratio.

What features does Douugh Invest offer?

Automatic rebalancing: Having a good balance of investments is important. But a well-balanced portfolio is not something you can set up and forget. Markets are constantly changing and can easily throw your portfolio out of balance. Douugh Invest allows you to rebalance your investments back to your target asset allocation at set intervals.

Douugh Invest is registered with the Securities and Exchange Commission, or SEC. Registered investment advisors are required to provide detailed information on the financial and legal status of the company and its staff. This allows investors to examine closely any conflicts of interest and look into the background of the company and its advisory team.

What type of investment accounts and asset classes does Douugh Invest support?

Douugh USA LLC offers the following types of assets and account types.

Accounts Supported
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • Trusts
  • 529 College Savings Plans
  • Employer Sponsored Plans
  • Custodial Accounts

These are the investment options Douugh USA LLC offers its clients.

Investment Choices
Supported Options Unsupported Options
  • ETFs
  • Stocks
  • Options
  • Mutual Funds
  • Futures
  • Bonds
  • Pink Sheets / OTCBB
  • Real Estate
  • Startups
  • Marketplace Loans
  • International Stocks
  • Cryptocurrencies

What is the minimum amount you have to invest to open an account with Douugh Invest?

Douugh Invest does not have a minimum amount to open an account.
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Message From Douugh USA LLC

Douugh is a smart bank account that is aimed at helping millennials do better with their money by helping them form positive investing, spending & savings habits in order to reach their financial goals.

Douugh is a finance super app, that is revolutionising the way that millennials approach their finances and bank their money.


Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Douugh USA LLC

Feature Breakdown

Monthly Fee $4.99
Minimum Initial Investment $0
Accounts Supported
  • Individual Non-Retirement Accounts
Investment Choices ETFs
Investment Features
  • Automatic Rebalancing
  • SEC Registered
  • Registered Investment Advisor

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