Certification is another step daily money management professionals can take to achieve excellence in their profession and to establish themselves within the industry. The Certified Daily Money Manger certification (formerly Professional Daily Money Manager, PDMM®) demonstrates dedication to the field and a commitment to continuing education. Certification is not required of members or of professionals who work as daily money managers, however, it does demonstrate an additional commitment to the industry.
View the list of Certified Professional Daily Money Managers
What’s required for CDMM Certification?
The certification process involves several areas including the following qualifications:
- Application – Submission of the CDMM® certification application.
- Background check – All applicants must pass a criminal and financial background check.
- Hours worked – A minimum of 1,500 hours of paid daily money management work experience in the last three (3) years, or A minimum of 1250 hours of paid daily money management work experience in the last three (3) years, plus a maximum of 250 eligible pro bono or volunteer hours in the last three years is required. The work experience must be performed for individuals or small businesses by the applicant in the capacity of a daily money manager for clients. Working within a corporation or company doing similar tasks where that company does not perform daily money management services is not acceptable.
- Fee – An application fee of $300 for members and $450 for non-members is required.