What is a daily money manager?
A daily money manager (DMM) is a professional who helps clients who 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 difficult to keep up with their daily finances
Adult children responsible for their elderly parents’ finances
Busy professionals who would like someone to deal with their daily personal finances
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 come to you so that your financial records always remain with you.
Are you insured?
Yes. I have professional liability insurance with 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 am able to 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 Manager, 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.
Frequently asked questions