What is a Daily Money Manager?
A Daily Money Manager (DMM) is a professional who provides assistance to individuals who need help managing their day-to-day monetary affairs. Typical services might include reviewing and paying bills, reconciling financial statements such as those from bank, credit card, and brokerage accounts, reviewing medical bills, monitoring medical and other insurance claims, and organizing tax related documents.
Who can benefit from your services?
There is a broad range of individuals who can benefit from the services of a DMM. A few examples are:
Seniors: Are you finding it difficult to keep up with the day-to-day management of your financial affairs or would you just rather spend your time doing more enjoyable things?
Adult children responsible for managing an aging parent’s affairs: Is it challenging for you to take on this added responsibility while still managing your own affairs? Are you also raising your own family and find yourself a bit overwhelmed with trying to balance both?
Busy professionals: Do you work extremely long hours or travel frequently for your job? When you finally sit down to relax, do you really want to tackle that pile of mail that has been accumulating?
Small business owners: Are the financial management demands of running your business (billing, vendor payments, tracking tax-related items, payroll) preventing you from marketing and actually growing your business?
Will you work with my attorney, accountant, or financial advisor?
Yes. While JK Daily Money Management does not offer legal, tax, or financial advice, we will act as a liaison between you and your other trusted professionals. Our extensive background in financial services makes us uniquely qualified to work alongside these other professionals to serve your needs.
How do you charge for your services?
After a no-cost, initial consultation, our services are billed on an hourly basis each month. As we learn about the scope and complexity of your needs during the consultation, we will be able to provide an estimate for the amount of time that will be necessary to service those needs.
Is your firm insured?
Yes. JK Daily Money Management is covered by a Professional Liability Insurance policy through underwriters at Lloyd’s of London.
In addition, as members of both The American Association of Daily Money Managers and The Society of Certified Senior Advisors, we are bound by their respective code of ethics.
Will my information be kept confidential?
Yes. JK Daily Money Management will not disclose or communicate any confidential information to any third party without your expressed authorization to do so.
Who will I be working with?
John Kennedy, the founder of JK Daily Money Management, will always be personally involved with the management of every client’s affairs.