Daily Money Manager - DMM
- A person who takes over the day-to-day financial tasks for those who are unable to perform these tasks on their own. A variety of people employ daily money managers, (DMM's) ranging from elderly clients to those simply too busy to maintain total control and accuracy of their financial needs. Some tasks performed by DMM's include bill payments, preparing tax documents, wire transfers, monthly paperwork and balancing, security checks, and basic deposits/withdrawls.
The demand for daily money managers has been growing steadily since the beginning of the 21st century. This is in part due to the increasing population of the elderly. While many children attempt to take on the task of managing their parents finances, many find it difficult as well as time consuming. The growth of the industry can also be attributed to the increase in dual income families - with both parents working, there is often not enough time to run around ensuring documents are properly signed or bill payments are processed on time.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Wall Street: Money Never Sleeps — Wall Street: Money Never Sleeps … Wikipedia
Fairbanks Daily News-Miner — The paper s April 7, 2009 front page Type Daily newspaper Format … Wikipedia
The Daily Telegraph — This article is about the UK newspaper. For the Australian newspaper, see The Daily Telegraph (Australia). For other uses, see The Telegraph. The Daily Telegraph … Wikipedia
The Daily Tar Heel — Front page, April 21, 2006 Type Daily campus newspaper Format Broadsheet Owner DTH Medi … Wikipedia
Street money — is an American political tactic in which local party officials are given legal cash handouts by an electoral candidate s campaign in exchange for the official s support in turning out voters on election day.cite… … Wikipedia
The Daily Free Press — School Boston University Slogan The independent student newspaper at Boston University Nickname(s) The FreeP … Wikipedia
Dwight K. Schrute, (Acting) Manager — The Office episode Episode no. Season 7 Episode 24 Directed by Troy Miller Written by … Wikipedia
The Daily Flash — The revived Daily Flash, 2011. Left to right: Barry Curtis (an original member of The Kingsmen), Steve Lalor, Don Wilhelm; behind, Steve Peterson (Kingsmen drummer since 1988). The Daily Flash were an American folk rock and psychedelic band… … Wikipedia
John Bentley (football manager) — Football manager infobox playername = John Bentley fullname = John James Bentley dateofbirth = June 1860 placeofbirth = Chapeltown countryofbirth = England dateofdeath = September 1918 (age 58) placeofdeath = Chapeltown countryofdeath = England… … Wikipedia
Chicago Daily News — ▪ American newspaper evening daily newspaper published in Chicago between 1876 and 1978. In its heyday, it was famed for the excellence of its international coverage, which was widely syndicated throughout the United States. It was… … Universalium
Marc Stuart Dreier — Marc Dreier Born Marc Stuart Dreier May 12, 1950 (1950 05 12) (age 61) South Shore, New York, US … Wikipedia