What is a daily money manager?

In an increasingly complex financial world, many individuals and families find themselves in need of assistance to manage their day-to-day finances effectively. This is where the role of a Daily Money Manager (DMM) comes into play. DMMs are financial professionals who provide a wide range of services, from bill paying and budgeting to organizing financial records and safeguarding against financial fraud.

A Daily Money Manager is a financial professional who offers personalized financial assistance to clients on a regular basis. These professionals are typically hired by individuals, seniors, busy families, or people with financial challenges who need help in managing their finances effectively. DMMs work with the family or solo client to help them manage and maintain their budget, cut down on expenses, understand medical bills, and much, much more. We often work with other professionals including Aging Life Professionals (formerly and commonly known as Geriatric Care Managers), Financial Advisors, Elder Care Attorneys, Senior Move Managers, and Accountants to create a team approach to best insure your loved one is taken care of fully. We can refer to a wide-range of professionals, from real estate agents to home health care agencies, and often are called upon to navigate medicaid applications, budgeting for a move into an assisted living, consolidating assets, and medical bills after hospital stays.