AADMM was recently featured on WealthManagement.com, in an article titled “The Case for Daily Money Management.”
The article discusses the important role that a daily money manager can play in helping solo agers with their finances during retirement.
Here is a snippet:
Family offices aside, RIA firms and hybrid practices generally don’t pay bills or perform other everyday money-related tasks for clients who find those chores increasingly burdensome as they age. The reason most financial advisors don’t get involved in this aspect of personal finance is simple: paying bills and filling out forms is time-consuming and not especially lucrative, per se.
But maybe it’s time for advisors to rethink the service. Whether done in-house or outsourced to specialists, bill paying can offer several upsides. Three came to mind during a recent discussion I had with Sharon Zissman, president of the American Association of Daily Money Managers (AADMM, or “Adam”), a group representing more than 600 professionals who specialize in helping people and businesses with everyday money management. An attorney, Zissman is also the director of business development and client relations at Everyday Money Management, a firm based in Rockville, Md., with 22 money managers.
Click here to read the article in its entirety:
https://www.wealthmanagement.com/high-net-worth/the_case_for_daily_money_management
