It’s a question I get all the time. Often, it is accompanied by, “Will you handle my taxes?” or “Do you replace my financial advisor?” Occasionally, I even get, “Can you act as my attorney?”

In short, the answer to all of these questions is no, but the work we do makes their jobs easier which saves you time and money.

A Daily Personal Money Manager handles routine financial tasks like paying your bills, tracking your spending, and organizing the financial communications you receive all year long.

Then, if you request that we do so, we will deliver your organized financial information to the other professionals who handle work for you.

With clear financial inputs, you won’t have to pay your CPA or attorney $300 an hour to sort through your records. Let me explain.

Here’s what your CPA/tax advisor does:

  • Prepares your tax return based upon the inputs you provide
  • Provides tax planning strategies, shares ways to maximize deductions, and helps you manage the impact of taxable events

Here’s what your Daily Personal Money Manager does:

  • Gathers, organizes, and submits the files, documents, receipts, and records your CPA or tax advisor needs to prepare your return
  • Tracks events throughout the year that impact your taxes
  • Identifies IRS forms, documents, and transactions to minimize your tax obligations
  • Identifies and communicates life changes, activities, and events that impact your taxes
  • Maximizes your charitable donations and tracks business expenses and/or taxable income events to lower your tax liability

The results:

  • You don’t spend your valuable time prepping documents for your CPA
  • Your CPA receives high-quality inputs so s/he can prepare your return efficiently
  • The time you spend with your CPA shifts from paper-shuffling to high-level planning

Here’s what your financial advisor does:

  • Provides investment advice that helps your money grow
  • Generates investment performance reports, income and portfolio projections, and account statements

Here’s what your Daily Personal Money Manager does:

  • Organizes the advisor’s statements for your review
  • Files away the financial reports and statements after you have reviewed them or until you’re ready to review them
  • Helps you determine the financial paperwork you need to keep
  • Transitions your account statements and records to a new financial advisor in the event you change providers

The results:

  • Your important financial records are organized and available when you need them
  • You and your financial advisor focus 100% on implementing strategies to grow your money

Here’s what your attorney does:

  • Prepares estate planning documents, health care directives, and wills
  • Helps you mitigate legal risks and consequences

Here’s what your Daily Personal Money Manager does:

  • Prepares budgets and personal financial statements so your legal advisor understands your financial goals and wishes

The result:

  • You avoid expensive legal fees when your attorney focuses on legal work only
Basically, it comes down to specialization.

Can your CPA, financial advisor, or lawyer go through your financial documents when you need something from them? Sure. You can also ask your babysitter to clean your house. But the results probably won’t be the same.

Personal money managers specialize in managing all the financial inputs that guide your other financial and legal service providers.

Bottom line: Working with a personal daily money manager keeps your finances in order and saves you money by allowing your CPA, financial advisor, and attorney to focus on the work they do best.

If you would like more information on getting your financial house in order, please click here to contact us by email or phone and to schedule your consultation today.



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