Daily Money Manager Services
Time is your most valuable resource. Our Daily Money Manager services handle the routine financial tasks that can pile up (paying bills, reconciling accounts, organizing documents, and delivering clear monthly reporting) so you can stay focused on family, work, and what’s next.
Packages start at $1,500/month, with a dedicated professional who can coordinate directly with your advisors (CPA, attorney, investment advisor, banker, insurance agent) for smoother follow-through and fewer loose ends.
Ready to simplify your day-to-day finances?
Request a consultation or contact us to talk through your needs and see if a Daily Money Manager is the right fit.
What a Daily Money Manager Can Help With
- Bill payment and household cash flow support
- Personal banking and account reconciliations
- Mail sorting and secure electronic document storage
- Expense tracking and monthly summaries
- Fraud oversight and unusual-activity monitoring
- Coordination with your tax professional and advisory team
Is a Personal Money Manager Right for You?
You may benefit from a Daily Money Manager if you:
- Are tired of keeping up with bills, mail, and account logins
- Manage multiple properties, accounts, or entities
- Want a second set of eyes watching for errors or fraud
- Need consistent documentation for tax, insurance, and planning
- Help aging parents — or want support for your own long-term needs
How Daily Money Manager Services Work in Practice
- Kickoff and access setup – We review your current process, accounts, and preferences.
- Bill intake – Bills are routed to LBMC electronically or by mail.
- Review and payment – We review, schedule, and pay bills on time (approval option available).
- Tracking and organization – Expenses are categorized; documents are stored securely.
- Monthly reporting – You receive a clear monthly package with summaries and key updates.
Packages and Pricing
Packages start at $1,500/month. (Final pricing depends on complexity and scope.)
Choose the level of service that fits you best for a single fee:
| List of Services: | Total Money Management | Personal Money Management |
| Bill Payment, Personal Banking & Account Reconciliations | X | X |
| Sorting & Electronic Storage of Mail, Expense Tracking & Fraud Oversight | X | X |
| Investment & Insurance Checkups | X | X |
| Maintenance of Personal Financial Statements | X | |
| Budgeting and Cash Flow Management | X | |
| Financial Oversight | X |
Getting Started: What to Expect
- Parties agree to the Terms of Service by signing the LBMC Engagement Letter.
- Your LBMC personal financial manager requests your most recent statements and/or online access to your accounts.
- A list of regularly paid bills is compiled by your LBMC personal financial manager, including due dates and amounts.
- A new checking account will be established with your current financial institution and LBMC will be listed as the signer. We suggest the account be funded to cover three months of expenses.
- Your LBMC personal financial manager will update the mailing address for paper statements, or the email address for electronic statements, to an LBMC address.
- Bills arrive and are paid electronically on the due date. You have the option to approve all bills before they are paid. We monitor the accounts and request additional funds as needed.
- Your accounts will be reconciled monthly. You will also receive a monthly electronic package that will include an expense summary.
Additional Benefits of a Personal Money Manager
- We file annual payroll tax returns for Household Employees.
- We monitor your accounts for fraudulent activity.
- We coordinate with your LBMC tax professional to provide Charitable Contributions, Payroll Taxes, and other deductible expenses we’ve paid.
- With electronic access to your accounts, we can download the annual tax statements and provide them to your tax professional.
- We review and renew Annual Insurance Policies.
- We ensure Annual Exclusion Gifts are made timely and are well documented for tax reporting.
- We coordinate with your tax professional on tax efficient strategies for charitable giving.
- We request your permission to provide periodic insurance and investment checkups.
Why Choose LBMC Family Office for Daily Money Management?
You’ll have a dedicated professional backed by the wider LBMC team—so day-to-day details connect to the bigger picture.
- Consistency and follow-through: bills handled on time, the same way, every month
- Clear documentation: secure organization so you can find what you need quickly
- Coordination-ready: we can work directly with your tax, legal, banking, and investment advisors
- Extra oversight: help spotting errors, missed items, or unusual activity
- Flexible support: services scale with your household’s complexity
FAQs
What does a Daily Money Manager do?
A Daily Money Manager helps manage routine personal finances—bill pay, account reconciliations, expense tracking, document organization, and monthly reporting—so you have more time and fewer financial loose ends.
How much do Daily Money Manager services cost?
Packages start at $1,500/month. Pricing depends on the number of accounts, complexity, reporting needs, and level of oversight.
Can I approve bills before they’re paid?
Yes. You can choose an approval workflow for all bills or set thresholds and rules for what you want to review.
Is it secure to share access to accounts and documents?
Security is a core part of the process. Access is handled intentionally and only as approved, and documents are stored electronically in a controlled, organized system.
Do you work with my CPA, attorney, or investment advisor?
Yes. With your permission, your Daily Money Manager can coordinate directly with your advisory team to help keep tax, planning, and documentation needs aligned.
How do I get started?
Start with a consultation. We’ll discuss your needs, recommend the right service level, and outline next steps for onboarding.
Executive Team
Jacqueline Jacquemain
Senior Manager, Wealth Advisory Services and Family Office Practice
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