A daily money manager handles bill paying, bank reconciliation, and basic financial organization — a distinct, more hands-on role than a financial advisor's typical scope.
When this role helps
If keeping up with day-to-day paperwork has become burdensome, or you want a second set of eyes on your accounts without giving up full control, this is a lighter-touch option than naming a full financial power of attorney immediately.
The American Association of Daily Money Managers maintains a directory of professionals in this specific field.
This article is general information, not financial or legal advice. Rules, costs, and program details vary and change over time — confirm current specifics with a licensed financial advisor or elder law attorney before making a decision.