News
AADMM in the News
The Penny Hoarder on getting out of debt
If you’re overwhelmed by managing your day-to-day finances or fear forgetting to pay bills and sinking further in debt, consider hiring a daily money manager.
Daily Money Manager careers mentioned in New York Times
A writer, for example, could work with clients to create memoirs and legacy letters. A person with financial expertise could become a daily money manager, helping an older person pay bills and handle other paperwork.
AADMM and Aging Life Care Association partnership
Aging Life Care Professionals have extensive knowledge about the costs, quality, and availability of resources in their communities. AADMM and ALCA members may have clients in common that benefit from both services.
Marketwatch Moneyist advice on helping family with finances.
Are you asked to help your family with finances? Rather than approaching it with a long-simmering grievance (“I’m not responsible for these people”), say this instead: “What can I do to help”
This small profession aims to fill a gap in the financial services world
CNBC - When financial advisor Liz Miller took on a client whose spouse had recently died, she realized a piece of the survivor’s financial life needed more attention than her wealth management services would provide. That is, the client needed help with the basics of...
AADMM featured in AARP Magazine
The American Association of Daily Money Managers (aadmm.com) is mentioned as an option for your financial team to avoid the risk cited by Nancy Sween, National Association of Elder Law Attorneys spokesperson
Don’t Just Spend Less — Spend Smarter
Motley Fool – There are also people called “daily money managers,” and they will set you up on Mint or Quicken or anything like that if you don’t know how to do it. They will analyze your budget. They will also pay your bills. They will do a lot of the nuts and bolts parts of money management and I don’t think they get enough attention. You can look up the (American) Association of Daily Money Managers.
Do Investors Need a Daily Money Manager?
U .S. News & World Report – For a price, you can find someone to help with anything, and an accountant or bookkeeper might take on money management chores. But these days, many turn to a little-known community of specialists called daily money managers, represented by 800-member American Association of Daily Money Managers, which has a provider locating tool on its website.
How To Get Help Managing Money for Seniors
Daily Money Managers (DMMs) provide personal business assistance, usually in the client’s home. They offer an array of services, which includes balancing the check book(s), writing checks to pay bills, and keeping accurate records of all checks written and all deposits made.
Getting Older Without Family
The CPA Journal – There are companies that can handle bill paying and other routine financial matters for elderly individuals; they may also be able to deal with health care insurance forms. Professionals offering these programs can be found through the American Association of Daily Money Managers.
