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.
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
Helping a Family Member Manage Their Finances?
Managing financial responsibilities for a parent or loved one can be challenging, especially when you’re balancing your own priorities. LBMC can help bring organization, consistency, and support to everyday financial tasks.
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
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
Getting started with LBMC’s Daily Money Manager services begins with a conversation about your financial responsibilities and the level of support you need. We’ll help determine whether Personal Money Management or Total Money Management is the right fit, then guide you through a straightforward onboarding process.
Once you’re ready to move forward, here’s what to expect:
- Engagement Agreement: We’ll outline the services and responsibilities in an LBMC engagement letter.
- Account Review and Setup: Your dedicated Daily Money Manager will review recent statements, establish appropriate account access, and document regularly scheduled bills.
- Bill Payment Setup: We’ll establish a dedicated checking account for household expenses, coordinate funding, and set up your preferred bill approval process.
- Financial Organization: Bills and statements will be routed for processing, and financial documents will be organized for ongoing management.
- Ongoing Management and Reporting: We’ll manage scheduled payments, reconcile accounts monthly, monitor activity, and provide an electronic reporting package with expense summaries and key updates.
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
How Daily Money Management Fits Into Your Financial Team
Managing your daily finances is one part of a larger financial picture. Investment decisions, tax planning, estate considerations, and household financial responsibilities often involve different professionals. Keeping those efforts coordinated can help reduce missed details and improve financial visibility.
LBMC’s Daily Money Manager team works alongside your existing advisors, helping organize the information and financial activity they need to support your goals.
Our broader services include:
- Family Office Services: Coordinated financial oversight, personal financial reporting, and support for families managing complex financial responsibilities.
- Wealth Management and Investment Advisory: Investment management and long-term wealth strategies aligned with your financial goals.
- Individual Tax Services: Tax planning and preparation for individuals and families, including those with complex financial situations.
Together, these services help connect everyday financial organization with broader planning and advisory needs.
Spend Less Time Managing Finances. More Time on What Matters.
From organizing bills to keeping financial records on track, managing day-to-day finances takes time and attention. LBMC’s Daily Money Manager services can help you stay organized and confident that important details aren’t being overlooked.
Daily Money Management: Insights for Life's Financial Decisions
Managing personal finances can become more complicated as your wealth grows or life circumstances change. Our video resources offer practical perspectives on financial organization, coordination, and the value of having the right support in place.
High Net Worth Families: The Missing Member of Your Financial Team
Managing significant wealth often involves multiple financial professionals, but who is coordinating the everyday details? Learn how daily money management can help families stay organized and support a more connected financial team.
Divorce: Financial Organization During a Difficult Time
Divorce brings financial decisions, paperwork, and responsibilities that can feel overwhelming. Learn how organized financial records and day-to-day support can help individuals manage important details during a major life transition.
Looking for More Financial Management Insights?
Watch our full video series for additional perspectives on managing personal finances and staying organized through life’s changes.
Daily Money Manager FAQs
What does a Daily Money Manager do?
A Daily Money Manager handles routine personal financial responsibilities, including bill payment, bank account reconciliations, expense tracking, financial document organization, and monthly reporting. LBMC’s Daily Money Manager services help individuals and families maintain organized financial records, monitor account activity, and coordinate information with their trusted advisors.
How much do Daily Money Manager services cost?
LBMC’s Daily Money Manager packages start at $1,500 per month. Final pricing depends on the number of accounts, complexity of your finances, reporting requirements, and level of support needed. We offer Personal Money Management and Total Money Management packages to accommodate different financial needs.
What is the difference between a Daily Money Manager and a financial advisor?
A Daily Money Manager focuses on everyday financial administration, such as paying bills, reconciling accounts, tracking expenses, and organizing records. A financial advisor typically focuses on broader financial goals, such as investment management, retirement planning, and wealth strategies.
These services complement each other. LBMC’s Daily Money Manager team can coordinate with your financial advisor to help ensure day-to-day financial activity supports your broader financial plans.
Can a Daily Money Manager work with my investment advisor or wealth management team?
Yes. With your permission, LBMC can coordinate with your investment advisor, CPA, attorney, banker, and other financial professionals. This may include organizing financial information, tracking account activity, coordinating cash needs, and maintaining records that support tax and investment planning.
Clients who need additional support can also learn about LBMC’s Wealth Management and Investment Advisory Services.
How can Daily Money Manager services help high-net-worth families?
High-net-worth families often manage multiple accounts, properties, investments, and financial relationships. A Daily Money Manager helps organize everyday financial activity, maintain consistent records, coordinate bill payments, and provide reporting across these responsibilities.
For families requiring broader financial oversight, LBMC also offers Family Office Services that support personal financial reporting, multi-generational planning coordination, and household financial administration.
Can a Daily Money Manager help manage an aging parent's finances?
Yes. Daily Money Manager services can help families organize bills, reconcile accounts, maintain financial records, and monitor unusual activity for aging parents or other family members who need assistance.
With appropriate authorization, LBMC can coordinate with designated family members and trusted advisors to provide consistent financial support while maintaining clear documentation.
Can a Daily Money Manager help during divorce or other major life changes?
Yes. Divorce, the loss of a spouse, retirement, and other major transitions can create additional financial responsibilities. A Daily Money Manager can help organize financial documents, track expenses, maintain bill payments, and prepare financial summaries.
LBMC can also coordinate with your attorney, tax professional, or other advisors to help keep financial information organized throughout the transition.
Can Daily Money Manager services help identify financial fraud?
A Daily Money Manager provides an additional level of financial oversight by reviewing account activity, reconciling transactions, and watching for unusual charges, duplicate payments, or discrepancies.
While no monitoring process can prevent every instance of fraud, regular financial reviews can help identify potential problems earlier and support timely follow-up.
Can I approve bills before they are paid?
Yes. LBMC offers an approval option that allows you to review bills before payment. During onboarding, we discuss your preferences and establish a process for reviewing, scheduling, and paying expenses.
How does LBMC protect my financial information?
LBMC uses controlled processes for handling financial documents and account access. During onboarding, we review the access needed to provide services, establish appropriate authorizations, and organize financial records through secure electronic document storage.
What is the difference between Personal Money Management and Total Money Management?
Both LBMC packages include bill payment, personal banking and account reconciliations, expense tracking, document organization, fraud oversight, and investment and insurance checkups.
Total Money Management provides additional support, including personal financial statement maintenance, budgeting, cash flow management, and broader financial oversight. The right package depends on the complexity of your finances and the level of support you need.
Meet Your Daily Money Manager
Senior Manager, Wealth Advisory Services and Family Office Practice
Get the Financial Support That Fits Your Needs
You don’t have to manage every financial detail on your own. Talk with LBMC about your day-to-day financial responsibilities and how our Daily Money Manager services may be able to help.