Origin Cash Management Account Review 2024 – Forbes Advisor – Technologist

Origin’s cash management account, of course, is just one piece of the array of products available to its customers. No one, after all, would pay that much for a cash management account alone.

Origin combines a budgeting app with a robo-advisor to offer its customers a well-rounded wealth management tool.

Spending. Origin allows you to connect your credit and bank accounts to its platform and track your spending. You’ll be able to budget for particular categories, as well as have your subscriptions placed into one list so you can see which ones you no longer need. It also offers personalized recommendations for how you can save more.

Investing. You can also link your investing accounts, including Vanguard or Betterment, to track your existing portfolio’s performance. You can also opt for a customized portfolio crafted by Origin that matches your risk tolerance. There’s no fee based on your assets under management, which can increase your returns.

Estate planning. Origin offers three plans for those who want to create a will. The basic version doesn’t charge an extra fee and allows you to direct where you want your assets to go. A full will currently costs $119 with membership and gives you more control, such as the ability to appoint guardians and leave specific gifts. A trust costs $359. Both the full will and trust options are available to nonmembers, albeit at a higher cost. All estate plans are available across the country.

Taxes. Origin partners with Column Tax to allow its users to file federal and state income taxes. Still, it’s a DIY offering, with no help from tax professionals. Therefore it’s best for folks with simple returns who don’t need human help.

Financial guidance. There are two elements to Origin’s financial guidance: AI and human financial planners. You can type a prompt into Origin’s platform (“Can I afford to buy a car?”), and Origin’s Sidekick tool will analyze your spending to offer potential solutions. For more complicated questions—or more detailed advice—you can book a consultation with a certified financial planner through Origin for $119 a session.