Monarch

Monarch is an integrated platform that helps people manage their finances. By consolidating a variety of financial tools into one place, Monarch makes it easier to track accounts, optimize spending, track investments and create a plan to reach goals.

Monarch has a number of features to help people manage their finances:

• Transaction Rules: Uses AI to scrub transactions and lets people set custom rules to categorize and label them.
• Flexible Budgeting: Lets people set custom categories and rollovers and get automated notifications to stay on track.
• Investment Tracking: Consolidates all investment accounts into one view, showing historical performance and allocation.
• Collaboration: Lets people securely collaborate with a partner or financial advisor for no extra cost.
• Custom Dashboard: Lets people customize their dashboard to focus on the most important financial information.
• Search Function: Lets people quickly find specific financial information.
• Security: Protects people's data with bank-level security and read-only access to accounts.

Monarch is available on the web and as a mobile app so people can manage their money wherever they are. The service also accommodates unlimited collaborators, so it's good for couples, financial advisors and coaches.

Monarch costs $8.33 per month (annually, $99.99 per year). That's a premium price, but the subscription approach means it can offer better data connections, privacy and a more sustainable business model than free services that often make money by selling your data to advertisers.

Monarch is a good choice for anyone who wants a single place to manage their money. Its clean interface, easy setup and powerful features make it a good choice for people who want to get a handle on their financial situation and work toward their goals.

Published on July 6, 2024