How do DMMs and aging industry professionals work together in a Circle of Care?

Daily Money Managers work as a team with other aging industry professionals to ensure the full spectrum of an older adult client’s needs are met with efficiency and accuracy. In addition to paying bills and managing the day-to-day financial lives of their clients, DMMs can help ensure:

• A geriatric care manager, Aging Life Care Professional®, or Certified Senior Advisor® is brought in when the family needs assistance beyond the scope of day-to-day finances.
• Accountants receive organized and relevant tax receipts or documents to make sure clients get all the deductions they are entitled to and to make the accountant’s job easier.
• Estate attorneys are kept informed of any life changes critical to keeping an estate plan current.
• Insurance agents are updated on any changes to property holdings or changes that might impact the beneficiary, and insurance premiums are paid by their due date so policies do not lapse.
• Financial planners and investment advisors are in sync with the client’s daily finances for efficient long-term planning.
• Guardians and trustees have the benefit of an independent, third-party monitoring accounts, processing payments, and preparing financial reports for the necessary filings.
• Financial POAs and fiduciaries are alerted about potential financial fraud issues.

How to find a DMM for your client

You can search our member database to find a DMM or refer your client to do their own search.

1. Select specialties:

• Seniors and older adults
• People with disabilities, chronic illnesses, including mental illness

2. For onsite services, select geographic area:

3. For offsite or remote services, check:
Include those who work remotely

Certified Daily Money Managers (CDMM®)

CDMMs are financial professionals who have demonstrated advanced knowledge in the management of personal financial matters and have earned certification. These daily money managers have earned the designation Certified Daily Money Manager (CDMM®) by meeting eligibility requirements and passing an intensive examination. The certification process was developed by the American Association of Daily Money Managers (AADMM) as part of its mission to assure high standards of practice and delivery of quality service by DMM professionals.