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The hotel information doesn’t get released until the registration window opens. I believe that happens in August. Conference is typically around $400 unless you add an intensive session or some other add on like PDMM testing or prep or business basics. I would expect around $200/night for hotel. Breakfast, lunch and dinner are normally included from Friday dinner to Sunday lunch with the exception of Saturday night when people head out to different restaurants for dinner in groups. Add to that your flight and either cab or car rental. That should help you budget, but if you need exact numbers, I am not sure if they will be available until August when the registration opens.
Do all of these clients you are referring out require in-person meetings? Maybe you can work remotely and broaden your geographic scope? Maybe a different target market is better suited in your new area? How are you approaching these referral sources? Maybe you need to change that up a bit. You have relocated and are looking for local professionals to refer your clients to and would love to get to know them better. Most people will be more receptive if they feel like it would be mutually beneficial and not just go one way. Let your old referral sources know that you are still working in their area with clients where remote work is possible. Think back to what you did when you started, but now you have 6 years of experience to build on.
I would follow what LTC companies request, which would be monthly reports on the types of services provided related to ADL and other medical needs, along with hours worked on which days. I think that would be sufficient to back up payroll reports.
I have messaged a friend who buys structured settlements to see if he does this or knows anyone who can help. I will let you know what he says.
The test is usually held on the Friday of Conference. I can’t remember if it is in the mornings or afternoon, but I suggest getting there on Thursday to be safe.
The biggest factors are the added costs in terms of insurance and perhaps licensing, depending on where you are located and the added liability. My insurance costs almost quadrupled when I added fiduciary insurance, but I more than make that up in the added income. I might not be willing to add the expense if I was only going to do it for one client unless it was a really big client, like a large trust.
You will want to know the laws of your state…what you can and can’t do, what you can and can’t charge for. For example, in FL, you can’t charge to be a POA unless you are an attorney, CPA or trust company basically. In CA, you need to be a licensed fiduciary. In FL, there is no such thing. In FL, we don’t have springing POAs, so once those documents are signed, you can act.
Make sure you understand the documents and what your responsibilities would be in those roles. Decide what roles you are willing to take on. I will act as a POA, Trustee and Personal Rep on an estate but I won’t do health care POA and I don’t do court appointed work.
There are likely bar courses you can take in your state that will provide education on these roles and responsibilities. Read the statutes for your state and if you don’t understand them, talk to an attorney to have them explained. Understand that your level of responsibility increases significantly because you are the one who is making the financial decisions and you need to make sure you that you keep notes about why you did certain things if there might ever be a question. You will also likely want to charge more for acting in these roles as the level of liability is much higher.
Having said all of that, I enjoy fiduciary work and acting as a POA, even though I can’t charge extra for it, makes getting things done for my clients much easier as I don’t have to go through them. I am empowered to act and companies are able to discuss issues with me.
Hope that helps.
Hi Nancy! On the Home page, if you look under the image that says “Membership” you will see a button that says “join or renew now.” If you click on that, it will take you to the page to renew. on that page you will see the button that says “get started–continue to background check.” OR– From the Home page,click on “Membership” drop down, then “join or renew” at the bottom of that page you should see the prompt to get your background check done.
Hope that helps. Let me know if you have trouble.
There was a lot of information about this at our intensive session at the conference. It seems with the new Quicken, each client would need their own Quicken ID and log in. They could have it on their computer and you could log into the app with their log in. You could then work on the file, assuming they sync the file to the cloud after they use it. The other work around that many have done is to store the data file in Dropbox and share the data file. I am not sure how that works with the new Quicken as I have held off on upgrading. Though I will do it before the end of the year. There are limitations with the app based on what we saw. For example, very limited report options so it isn’t a complete program.
Corrine – don’t know if you saw but there was a post by another member looking for a roommate a few weeks ago. I am not sure if she found one, but maybe you can connect. It is a great way to meet others for sure!
Are you asking about the CEU hours to get recertified or the billable hours you need to qualify for the certification initially? Only the time spent actually providing dmm services counts towards the initial certification. On recertification, you can take outside courses for the required CEUs, but they will need to be approved by the certification board. You can also get CEUs for speaking, but there are limitations.
My early clients came from word-of-mouth, just telling friends what I was doing. I actually got one of my first clients as a referral from someone I had never spoken to, but who was a friend of a friend’s mom (and eventually the friend’s mom and her friend also became clients). But, I would say my biggest referral sources were CPAs with smaller firms, but relatively large practices. They did not have the ability to take on that kind of work for clients with their manpower, but they did have a large client base to refer to me. I also got a few bigger clients through the AADMM website. I set goals for myself to work towards each year and as I could reach those goals, I got more and more comfortable with my ability to keep growing. 14 years later and I am still here!
