Frequently Asked Questions
About Us
What is a Daily Money Manager?
A Daily Money Manager (DMM) is a financial professional who provides their clients with help organizing and managing their finances. A Daily Money Manager can handle day-to-day financial tasks such as budgets, bill payments, monitoring accounts, and much more. Daily Money Managers can also help navigate the less frequent financial hurdles that come up, and offer guidance to those who are managing their own money or helping with an elderly parent’s finances.
Why should I choose Advocate Money Management?
Advocate Money Management has a track record of success helping our clients achieve their financial goals. What sets us apart? We have extensive personal and professional experience that makes us uniquely qualified to relate to our clients, whether they are a senior, a busy professional, someone helping an aging parent with their finances, or someone just learning to budget and manage their own money. We offer transparent, upfront package pricing for our most common services so our clients can understand the costs upfront and choose the option that works best for their needs and budget.
What services do you offer?
Some of the most common types of services we offer are estate & digital organization, budgeting & financial planning, and comprehensive account management. We also offer flexible consulting, research & project management services to help you navigate all those situations that come up related to your personal business affairs. All of our services can be tailored to your needs… whether you are doing it yourself and just need an advisor, or you need someone to do it all for you. Take a look at our services page to learn more details.
How much does a Daily Money Manager cost?
Daily Money Managers typically only offer services at an hourly rate, so the cost can vary greatly depending on your situation. At Advocate Money Management, we offer common services through defined packages with transparent, up-front pricing, as well as consulting services that can be tailored to meet your needs. Package pricing for common services can be found on our services page, or contact us for a free initial consultation and we will give you a personalized cost estimate.
What locations do you serve?
Our home base is in central Illinois, but we serve clients all over the country. For clients looking for an in-person connection with their Daily Money Manager, we offer our services within 50 miles of the Peoria, IL area. For clients outside that range, we have a variety of tools and solutions that still allow us to connect seamlessly with them and provide a best-in-class experience.
About the Process
Will I still need an accountant, attorney, investment advisor, or social worker?
Daily Money Managers do not take the place of specialized professionals such as these. However, we can act as a liaison with these professionals to make sure all the pieces are working together to serve your best interest, and to help you understand how they all fit together.
Will my information be protected?
Absolutely! We are committed to keeping your information safe! We use only tools that adhere to the latest information security protocols. We will not share your information with any 3rd parties without your approval, and we adhere to the AADMM Code of Ethics. See our Privacy Policy for more information.
Will I lose visibility or control of my money?
No! Your money belongs to you and should be managed the way you want. We will work with you to create a customized budget that meets your needs and goals, and we will manage your money according to that plan. You can have us manage as much or as little as you want. For the portions we manage, we will provide you and/or your loved ones with complete visibility to your accounts, income, expenses, and progress towards your goals with tailored reporting and online access to your information for you and your loved ones.
Where do I start?
The first step is to meet with us for a free initial consultation to review your personal situation, your needs and goals, and where you feel you could use help. We will discuss options for standard packages and/or customized services so you can select the approach that fit your needs and budget.
Still have questions?
We would be happy to answer any other questions you may have! Contact us for a free consultation.