A Daily Money Manager is a professional who provides personal assistance for those who need help managing day-to-day financial affairs. This professional service frees you from having to perform essential financial tasks that must be taken care of.
The reasons for needing a DMM are as varied as people! Senior citizens experiencing limited vision, arthritis, dementia, or the inability to keep up with daily tasks often work with Daily Money Managers. Frequent business travelers, those with busy lifestyles, people with medical issues, and adult children caring for a family member, are just some of the wide range of people that hire a Daily Money Manager.
There are so many, but we'll list a few of them here: On-time bill paying to avoid late fees and bank charges, organizing financial records, increasing your credit ratings, acting as a third party to support those going through a divorce, loss of a loved one, poor health, or other major life-changing events.
Absolutely not! Instead, a Daily Money Manager works in conjunction with these professionals to serve your best interests.
It's not at all unusual for a DMM to refer clients to legal, tax or investment professionals, as well as to other community resources.
Not at all. DMM's allow you to get more time in your day, more freedom and independence to do the things you really want to do. A Daily Money Manager can also help many seniors to avoid guardianship, and can allow them to remain at home longer, enjoying more independence.
Services are customized to fit each individual, so rates vary. Generally, though, services are charged as a set fee on a monthly basis. Sometimes, there are costs for travel time and out-of-pocket expenses such as postage stamps, copies, etc. Schedule a free discovery session with Barkey Trust Services to learn what the investment would be for you.
All Daily Money Managers have professional liability insurance. And, as a member of the American Association of Daily Money Managers, I am bound by its high standard of services, as well as code of ethics.
Confidentiality is my main concern. I do not share, exchange, or distribute information about any of my clients to a third party unless you give me express permission to do so. That privacy also includes information to other professionals such as financial advisors, attorneys, accountants, and even family members.
Give me a call at (540)-849-6265 or email me (firstname.lastname@example.org) to set up a complimentary, no obligation discovery session. We'll talk about the services that would best help you, as well as how Barkey Trust Services can free you from burdensome financial paperwork to make your life, or a loved one's, less complicated.