AADMM
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What is AADMM?The American Association of Daily Money Managers (AADMM) is a national organization for those who perform crucial financial services to their clients by providing support, education and performance standards.
AADMM, as a national organization, has supported professionals for over 25 years. All Daily Money Managers (DMMs) follow AADMM’s Mission, Vision and Values and conduct their services and business according to the accepted Standards of Practice and adhere to the Code of Ethics. To find a Daily Money Managers in your area, use the “find a DMM” search tool on the AADMM website. |
Frequently Asked Questions
Who needs a DMM? |
While anyone can benefit, DMMs serve older adults or people with disabilities who need some help, busy people who travel often, high net worth individuals, small businesses. Basically, any client or organization that does not have a handle on their finances or the responsible party simply wants to delegate the responsibility to someone else while remaining in control.
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How can I trust someone with my money? |
Starting with an AADMM member is the first step. AADMM members are provided with professional education and must adhere to a strict code of ethics and Standard of Practice. All CDMMs are background checked as well. It is recommended that all DMMs have professional insurance that covers the business services they are offering.
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How do you choose the right DMM? |
There are 3 main things to consider:
Also, the DMM must have complete and timely information to provide excellent service. |
AADMM Resources
Here are some great readings provided by AADMM that can help answer some other common questions in a bit more detail.
And here are some AADMM-published pieces by Simply Balanced Solutions' very own, Jennifer Shulman!
- What is The Difference Between a Bookkeeper and a DMM?
- How Can Professional Teamwork Help Your Family During Stressful Times?
And here are some AADMM-published pieces by Simply Balanced Solutions' very own, Jennifer Shulman!
