Financial Managers for Individuals
Practically anyone can benefit from a simple internet search for how to find trustworthy financial managers and consultants. You might want help to reduce the time you spend on daily chores. You might have an ailing relative or friend who’s challenged by the financial tasks of managing their money. You might want unbiased investment advice.
This article is a handy reference that summarizes search results from numerous AI, Wikipedia and website searches to answer the basic question of how to find financial management help.
Daily Money Manager (DMM)
You can hire a Daily Money Manager (DMM) to help with opening mail (physical and email), paying bills, dealing with healthcare communications, and managing everyday expenses. A DMM can also organize tax documents and monitor bank accounts to block fraud and scams.
Trustworthy DMMs are listed in the American Association of Daily Money Managers (AADMM) Directory. Those holding the Certified Daily Money Manager (CDMM) designation have passed background checks and strictly adhere to a regulated code of ethics.
Fiduciary Financial Advisor
Fiduciary Financial Advisors help you plan investments. A fiduciary is a person who holds a legal or ethical relationship of trust, without motivation for personal gain.
A Fiduciary Financial Advisor can manage investment accounts, calculate sustainable retirement income, maximize Social Security benefits, and optimize inheritance taxes. Appropriately experienced advisors can assist with retirement portfolios, real estate assets, tax planning and estate distribution strategy.
More about Daily Money Managers (DMMs)
- To find a certified Daily Money Manager, use the online directory of the American Association of Daily Money Managers. Look for a manager near your street address. A certified manager’s listing will be marked as CDMM Certified. If you need assistance, the association’s information phone number is 814-357-9191.
- Certification: What is it? How does a manager become a Certified Daily Money Manager?
More about Fiduciary Financial Advisors
- You can start looking for a trustworthy advisor by using the National Association of Personal Financial Advisors (NAPFA) Locator.
- FeeOnlyNetwork (finds advisors that do not work for a broker, bank, or insurance company)
- Garrett Planning Network (makes competent, objective financial advice accessible to all)
- Wealthramp (matches you to the right advisor)
- MaxiFi Planner (an economics-based planning tool that is flexible and easy to use)
- ProjectionLab (build financial plans)
- Empower Retirement Planner (finding retirement advice for your situation in life)
- Open Social Security (Social Security Strategy calculator)
- AARP Foundation (get help from IRS-certified volunteers to answer questions and to prepare and file your taxes)
- Treehouse Wealth Advisors (estate planning)
- Mercer Advisors (financial planning, investment management, tax, estate, insurance, and more - all managed by a single team)
- Adviser Public Disclosure (IAPD) database (background checks of investment advisors registered with the U.S. Securities and Exchange Commission)