Daily Money Management

A Daily Money Managers (DMM) represent individuals and businesses in the field of personal daily money management. A Daily Money Manager (DMM) is a financial professional who provides personal financial services to individuals and families, and who manages personal daily money matters such as bills, budgets, and record keeping and much more.

DMMs have been around for decades. Early on, they worked for wealthy families who may not have had the time or skill to manage their day-to-day finances. But over the past 10 to 15 years, DMMs began working for other segments of the population.

The demand for daily money managers has grown steadily in recent years, due largely to a growing elderly population. As their parents grow old, children often take over their financial tasks, but many find themselves unable to do so because of their work and family commitments.

The growth of the industry can also be attributed to the increase in dual-income families: With both parents working, there is often not enough time to run around ensuring documents are properly signed or bill payments are processed on time.

Wealthy people may hire us to avoid taking care of menial money tasks, or

because they feel their time is better spent doing other things that could earn them more money.

BFW offer services to ensure nothing falls through the cracks. We provide personal financial services to older adults, people with disabilities, busy professionals, high net worth individuals, and the small businesses they may own.

We cover a broad range of tasks. The work we do depends on our client need; however, the scope of personal financial services generally includes:

  • Bill paying, including calls to payees regarding incorrect bills and preparation of payments for client approval.
  • Reconciling checking accounts and investment statements.
  • Preparing and making bank deposits.
  • Organizing tax documents.
  • Negotiating with creditors.
  • Reviewing medical insurance papers and verifying proper processing of claims.
  • Providing general organization of financial papers and systems.
  • Referring clients to legal, tax, and investment professionals and to community resources.
  • Notary services.
  • Fiduciary services such as trustee, executor, conservator, guardian, or health care proxy.
  • Preparation of payroll checks for home employees including calculation of Federal and state withholding and FICA taxes.
  • Financial counseling.
  • Preparing budgets of spending plans.
  • Preparing plans to reduce debt.

Your Holistic Wealth is our business.

If you find yourself in need of a Daily Money Manager (DMM), contact us!

Why Choose Us

Accurate Record Keeping

Always On Time

Time management is very critical to us and we deliver based on your schedule.

Hard Working

We try harder to maximize your returns and we use the tax laws to our advantages.

24/7 Availability

We make it convenient to get in touch with us via live chat, phone, text and live support.