Daily Money Manager
Phoenix Consulting, LLC is a member of the American Association of Daily Money Managers (AADMM), a national membership organization representing individuals and businesses in the growing profession of Daily Money Management.
American Association of Daily Money Manager’s (AADMM) mission is to support Daily Money Management services in an ethical manner, to provide information and education to members and the public, and to develop a network of dedicated professionals.
Daily Money Manager is here to help
Daily Money Managers (DMM’s) offer services to ensure the well-being of our clients’ daily financial lives including necessities like paying monthly bills, assisting with tax records, balancing checkbooks, reviewing medical bills, and maintaining financial records.
Other services provided may include notary services, payroll management, healthcare advocacy trustee or power-of-attorney work, and other fiduciary services.
We are not financial planners or advisors. They do not take the place of accountants, attorneys, investment advisors, or social workers, but rather complement services provided by these professionals.
We are often “team builders,” bringing together the right professional financial services for their clients. Seniors and older adults who have health challenges can rely on a daily money manager to handle their day-to-day financial activities.
Hiring a daily money manager may enable seniors to avoid or delay guardianship and a complete loss of independence.
In addition, a daily money manager can often be a vital link to help seniors access community resources and other related professionals they may not even have known existed.
Many daily money managers are very knowledgeable about social senior support services – from Medicare home health benefits to Meals on Wheels; as well as paid services such as aging life care professionals and senior move specialists.
A daily money manager can be a valuable resource to seniors and their families.
Phoenix Consulting, LLC is a company available to help local clients with their DMM needs. Edward W. Jackson, President, and Founder of Phoenix Consulting, LLC, has an extensive financial management background.
Contact us now for a free initial consultation!
Code of Ethics
The American Association of Daily Money Managers is committed to promoting high standards of client services provided by its members.
As Daily Money Managers (DMMs), we aid clients who have difficulty managing their personal monetary and/or business affairs.
As DMMs, we are not acting as accountants, financial advisors, or attorneys. Unless separately educated and properly licensed to do so.
DMMs shall have concern for the well-being of their clients.
DMMs shall treat clients, their family members, colleagues, and other professionals with fairness, discretion, and integrity.
DMMs shall not exploit their clients financially, socially, emotionally, sexually, physically, or in any other manner.
DMMs shall avoid those relationships or activities that interfere with professional judgment and objectivity.
DMMs shall disclose in writing any affiliations, association, or interest that may pose a potential conflict of interest or the appearance of impropriety.
DMMs shall strive to ensure fees are fair, reasonable, and commensurate with the services performed.
DMMs shall take reasonable precautions to avoid harm to the client or his/her property.
DMMs shall respect the right of their clients.
DMMs shall protect the client’s right to privacy and confidentiality in accordance with the laws of the state where the services are performed.
DMMs shall achieve and maintain high standards of competence.
DMMs shall accurately represent their professional experience and training and shall not act in any capacity for which they are not separately educated and properly licensed.
DMMs shall keep current with issues affecting their clients (health insurance, consumer fraud, etc.) and maintain all licenses, registrations, certifications, and insurance required by law to perform their services.
DMMs shall refer clients to other service providers or consult with the other service providers when additional knowledge and expertise are required.
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2404 Spencer Road, Silver Spring, MD, USA