We understand that managing finances can become increasingly difficult as we age, and it can be challenging to keep up with daily financial tasks. Our team of experienced professionals specializes in providing financial management services for elderly individuals, helping them maintain their independence and ensuring that their financial affairs are in order.
We offer a range of services, including bill payment, banking, financial organization, insurance management, estate administration, fraud prevention, and communication and support.
We take a compassionate and patient approach to financial management, understanding the unique needs of elderly individuals and their families. Our goal is to help alleviate any financial stress and provide peace of mind.
What is a Personal Daily Money Manager?
For elderly individuals, a Personal Daily Money Manager can be a valuable resource to help manage their daily financial tasks and ensure that their finances are organized and secure. As people age, financial management can become more complicated, and it may be challenging to stay on top of daily financial responsibilities.
A Personal Daily Money Manager can help ease the burden by assisting with tasks such as bill payment, banking, financial organization, insurance management, estate administration, fraud prevention, and communication and support. With their expertise and experience, a Personal Daily Money Manager can help simplify financial management and provide peace of mind, especially for elderly individuals who may have limited mobility or cognitive decline.
They can also act as a liaison between elderly individuals and their family members, caregivers, or financial advisors, providing regular updates and reports. A Personal Daily Money Manager can help elderly individuals maintain their independence and ensure that their finances are well-managed, enabling them to focus on enjoying their retirement years.
Simplify financial management for your aging loved one. Contact us to learn how our Personal Daily Money Manager services can help.
Why should you choose us?
We understand that entrusting someone with your finances requires a high level of trust. That’s why we take pride in our commitment to integrity, transparency, and professionalism.
Our team consists of experienced and qualified professionals who have a proven track record of providing reliable and efficient financial management services. We prioritize communication and maintain a strong client relationship, ensuring that you are informed and involved throughout the entire process.
We understand that everyone’s financial situation is unique, and we take a personalized approach to each client, ensuring that we meet your specific needs and goals.
Our services are designed to simplify your finances, provide peace of mind, and help you achieve your financial objectives. You can trust us to handle your finances with care, confidentiality, and the utmost respect.
Help your elderly family member enjoy their golden years worry-free. Schedule a consultation with us now!
PDMM List of financial tasks
BANKING, BILL PAYING & DAILY FINANCIAL TASKS
- Bill payment, including follow-up with payees when necessary to correct errors.
- Set up automatic payments.
- Manage memberships and subscriptions.
- Banking, including reconciling statements, making bank deposits, and verifying that beneficiary designations are in order.
- Collate financial information for tax preparation and coordinate with CPA/tax preparer.
- Budget development and monitoring (income statement and balance sheet).
- Monitor investment accounts and fees; coordinate with financial advisor.
- Engage professional organizers where appropriate.
- Establish and maintain property, health, life, disability, liability and other applicable insurance.
- Follow up on claims to ensure complete payment; negotiate discrepancies.
- Claim submission, explanation of benefits review, and coordination with insurance providers.
- Arrange appraisals where necessary.
- Develop and maintain list of all assets and liabilities.
- Provide referrals for estate planning (will and trust creation).
- Maintain payments related to property maintenance; assist with vendor selection where appropriate.
- Implement credit monitoring.
- Establish and maintain data security, including multi-factor authentication for online account access.
- Creditor negotiation where appropriate.
COMMUNICATION & SUPPORT
- Generate and provide regular reports as needed.
- Review, sort, log and manage mail as needed.
- Maintain family and/or caregiver communication as directed/authorized.
- Provide referrals to other professionals (legal, tax, investment, other) as needed.
Take the stress out of managing finances for your elderly loved one. Call us today to discuss our Personal Daily Money Manager services.
ROLES AND RESPONSIBILITIES
The categories above and the list of services shown is not comprehensive. Here is a sampling of some of the specific roles we assume and responsibilities we carry out.
- Act as Agent under Power Of Attorney.
- Act as representative payee for Social Security or SSI.
- Assist with entitlements, such as Medicare or MediCal.
- Balance checkbooks.
- Bill payment, including follow-up with payees where necessary to correct errors.
- Coordinatiion with accountant or tax preparer to ensure they have complete & accurate information (including a review of the return before it is sent to the IRS).
- Enlist the services of a lawyer when needed/appropriate, or providing a referral.
- Ensure that two-factor authentication is in place for all online accounts that support it.
- Establish and maintain working budget (income statement) and balance sheet.
- Establish and administer home payroll, including proper withholding.
- Establish online account access.
- Maintain proper communication with family members and/or involved friends or caregivers.
- Monitor investment accounts and interact with investment manager.
- Organize tax information.
- Prepare checks for clients to sign (where needed or desired).
- Provide on-demand reports on a regular basis showing cash flow, income/expense, and net worth trend.
- Reconcile credit card statements.
- Set up automatic payments.
- Track and verify medical claims payments.
Ready to get started?
Our team of dedicated financial experts is ready to assist you in achieving your financial goals. Contact us today to take the first step towards financial success.