What is a daily money manager?

A daily money manager (DMM) is a professional who helps clients who either are too busy or have difficulty managing their personal finances. DMMs provide a broad range of services – from bill paying and general financial organizing to assistance with the complexities of medical insurance.

 

Who uses a daily money manager?

Lots of people. Typically, DMMs help:

  • Seniors who are finding it hard to keep up with day-to-day paperwork

  • Adult children responsible for their elderly parents’ finances

  • Busy professionals who prefer to delegate their personal finance tasks

  • People with physical or mental disabilities who need personal finance assistance

 

How does this work?

Our first meeting is free. It typically takes place in your home so that you can tell me what you need, I can see your paperwork, and together we can devise a plan to move forward. Family members and other professional advisors are welcome to attend.

How much do you charge?

If you decide you would like to utilize my services, I charge by the hour and invoice you monthly. Please contact me about my current rate.

 

Where do we meet?

I primarily work remotely for clients, but I am also available to come to your home. Either way, your financial records always remain with you.

Frequently asked questions

Are you insured?

Yes. I have customized professional liability insurance with Dominion Insurance and underwritten by Lloyd’s of London.

 

Will you keep my information confidential?

Yes. Our relationship is strictly confidential. I will never disclose your confidential information to anyone unless you specifically authorize me to do so.

 

Do you provide tax, legal or investment advice?

No. I am not an accountant, lawyer or financial advisor. However, I can provide referrals to these types of professionals, and I frequently work with them on behalf of my clients.

 

How do I know I can trust you?

As a member of the American Association of Daily Money Managers, I adhere to a strict code of ethics and passed a background check. I can provide evidence of both as well as references upon request.