American Association of Daily Money Managers
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2016 Annual Conference
"Energize Your Business  |  Elevate The Profession  |  Envision Our Future"
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Schedule of Events
FRIDAY, NOVEMBER 4
Registration Note: Separate registration is required for the PDMM® Review Course and Exam, Business Basics Workshop, Conference Intensive and professional photo session. See the online registration section for more information.
7:30 am - 6:30 pm Registration
8:00 am - Noon PDMM® Certification Review Course (Separate registration fee required.)
Is testing for the PDMM® designation in your future? Combine your conference experience with AADMM’s Certification Review Course to get the most bang for your buck. The Certification Review Course is intended to provide DMMs with assistance and practice to prCepare them to take the certification exam. Participants will find additional support to facilitate their study efforts. Attendance does NOT guarantee a passing grade on the exam.
9:00 am - 4:00 pm Business Basics Workshop (Separate registration fee required.)
The Business Basics Workshop offered by AADMM is a one-day workshop for those interested in daily money management as a career or those who are new to the profession. This is an ideal opportunity to learn the basics and hear from individuals who are successfully running their own businesses. The workshop sets forth the components needed to perform the duties of a DMM on a day-to-day basis. At the end of this session, participants will be able to:
  • Explain what DMMs do
  • Identify the traits and skills needed to be an effective DMM
  • Understand the steps needed to establish or build a client base
  • Understand the steps needed to jump-start a DMM business
1:00 pm - 4:00 pm Conference Intensive — Federal Individual Income Tax: More of What a DMM Should Know
(2.0 CEU Payroll, Finance Bookkeeping, and Bill Paying)
Alisa Carini, CPA, Carini Daily Money Management
(Separate registration fee required)
Last year’s conference intensive session was packed full of general knowledge about the most important tax filing: the personal tax return. This year’s session will dig deeper and pay particular attention to two parts: Schedule C (Profit and Loss from Business) and Schedule E (Supplemental Income and Loss). Get an in-depth look at income and deductions, as well as reporting and record-keeping requirements. Be better prepared to help your clients with income from rental real estate, consulting businesses, book royalties, and more. And as an added benefit, become an expert in all the tax deductions available to your own business! In detail, this session will provide attendees with a brief review of general individual income tax issues and the tools to understand how income and expenses should be reported on a tax return. It will also cover deductibility of expenses, when and how to capitalize expenses, 1099 reporting requirements, and much more. Attendees will leave being able to better serve their clients, and better run their businesses.
2:00 pm - 4:45 pm PDMM® Certification Exam (Separate registration fee required)
Your certification as a Professional Daily Money Manager® (PDMM) demonstrates in a tangible way the professionalism among daily money managers. Through voluntary certification, you can validate your skill level and add to your credentials as a leader in the industry. A proctored exam will be given on November 4 at 2:00 pm in conjunction with the conference but applications to sit for the exam must be received by September 24, 2016. The application form, frequently asked questions, and important information about testing are available on AADMM’s website at: www.aadmm.com/certification.htm.
5:00 - 6:30 pm Official Conference Kickoff & Opening Keynote Speaker
The Job You Have Today is Not the One You’ll Have Tomorrow
Ken Little, Published Author and Editor
The future is unknowable in detail and timing, but we do know that it will not be like the past. Because we live one day at a time, it’s human nature to assume our lives will continue in a straight line, but that assumption can be dangerous and wrong. To better prepare you for the change in the delivery of personal financial services, Ken will share his insight on the future of technology and mobile delivery, new competitors and partners, and who he sees as the industry’s new overlord. This interactive session will be an exercise in rethinking what you do every day and how technological and cultural change will challenge us all. A lot of exciting things are happening as the worlds of personal finance and technology merge. What won’t change is the value of a human connection, which lends itself to a different but bright future for daily money management.
6:45 pm - 9:00 pm Welcome Reception/Networking Dinner (Sponsored by EverSafe)
SATURDAY, NOVEMBER 5
7:30 am - 6:30 pm Registration
8:00 – 9:00 am Conference Continental Breakfast
PDMM® Continental Breakfast
9:00 – 9:15 am Daily Happenings
9:15 – 10:15 am Reverse Mortgages — Myth vs. Reality
(1.0 CEU Standards of Practice, Types of Expenses)
Michael Banner, President, American C.E. Institute, LLC
Has the reverse mortgage finally evolved from a needs-based “product of last resort” to a viable option in an overall and more comprehensive retirement plan? You decide... In this session you will learn: the significant improvements made to the product over the last several years, who truly qualifies for a reverse mortgage, the five options on how to receive funds, what types of properties qualify, the true rights of the surviving spouse, the new protections for the heirs/estate, and the relationship of reverse mortgages and long term care.
10:15 am - 10:45 am Break
10:45 – 11:45 am Breakout Sessions (2)
10:45 – 11:45 am Risk or Reward? What DMMs Need to Know About Fiduciary Services and Working with
Those in a Fiduciary Capacity (Session 1)
(1.0 CEU Standards of Practice, Types of Expenses)
Courtney Smith, PDMM®, NCG, AADMM President, President Lotus Fiduciary Services
Often times, DMMs will be asked to serve in a fiduciary role for a client. This may include Agent under Power of Attorney, Conservator, Trustee, or Personal Representative. This session will educate DMMs on what factors to consider if they are asked to serve as a fiduciary. It will also answer questions such as: What questions should be asked and what factors should be considered before deciding to serve as a professional fiduciary? What risks and liabilities will be assumed by acting as a fiduciary? What are the pros and cons? Other concepts will include how to work with other fiduciaries as a DMM and how DMM services can benefit them.
10:45 – 11:45 am Business Formation: How to Decide on the Proper Structure (Session 2)
Todd Unbehagen, President/CEO, Unbehagen Advisors
Small business clients can pose unique challenges for a DMM. In this session, you will gain insight on how to help your clients legally avoid taxes with proper entity selection for the business (Sole Proprietor, LLC, C-Corporation, or S-Corporation), current smart tax deductions that work well for small businesses, tips on tax savvy bookkeeping, and important tax compliance requirements.
Noon - 2:00 pm Lunch and Annual Meeting (Lunch Sponsored by Checks & Balances for You)
2:15 - 3:15 pm ListServ Live: Tools to Help You Run Your Business Better
Leah Nichaman PDMM®, AADMM Vice President, President, Everyday Money Management
A big hit at our Scottsdale conference, “ListServ Live” lets you to tap into your best resource — other members of AADMM. The online ListServ proves over and over again that you have colleagues from near and far who can help you be a successful DMM. This year’s session will focus on “tools” (procedures, apps, software and hardware, resources, etc.). What are your best practices and proven ideas that help you be a great DMM? What would you like to know from your colleagues? Be ready to share some great ideas that work for you or ask that one critical question.
3:15 – 3:45 pm Break
3:45 – 5:00 pm Fraud Investigations and Assisting the Prosecutors
(1.0 CEU Standards of Practice, Types of Expenses)
Amy Carrick, MBA, PDMM®, CSA, Owner, Carrick Consulting, LLC
DMMs are diligent in staying up-to-date on the latest financial scams; however, what happens if your client is an unfortunate victim? This session will teach attendees how to uncover financial fraud and assist clients with filing charges and recovering funds. Specifically, attendees will learn how to: analyze data to identify patterns of fraud, summarize findings for easier investigation by others, assist detectives and solicitors with interviewing and filing charges, help clients to interview and hire the right attorneys, and support clients with the mediation process. Several case studies will be included during the presentation.
5:00 – 6:00 pm Free Time
6:00 pm Dine Around (Dinner on own with other attendees. Sign up at registration desk. Meet in hotel lobby.)
SUNDAY, NOVEMBER 6
7:30 am - 3:00 pm Registration
7:30 am - 8:30 am Continental Breakfast
Regional & Chapter Leaders Continental Breakfast
8:30 – 8:45 am Daily Happenings
8:45 – 9:45 am Different is Better — Make Your Business Stand Out
Michael Michalowicz, Author and Speaker
Learn strategies of engaging and converting prospects a—in real time—using behavioral strategies. Most daily money managers strive to be better than their competition—that’s why they struggle to stand out. Be different and immediately become your industry’s authority. Attendees will master immediate rapport building techniques that will quickly establish “know, like and trust” – the foundation to engaging a client. Discover the critical and necessary method of “breaking out of the generic label box” that softly but directly pushes customers to do business with you now and learn why limiting your offering skyrockets demand.
9:45 – 10:00 am Break
10:00 – 11:00 am Break-out Sessions (2)
10:00 – 11:00 am CREDIT: Helping Clients Understand It, Repair It, and Build It (Session 1)
(1.0 CEU Payroll, Finance, Bookkeeping, and Billpaying)
Barbara May, Integrity Payee Services, LLC
Learn how to help your clients create a well-designed action plan to proactively address credit and debt issues. In this session, you will learn how to repair and build credit by pulling credit reports, correct mistakes reported, negotiate with creditors, address high-balance accounts and heavy debt, use the report to find signs of fraud and ID theft (and how to resolve), and use credit building products. Several practical resources will be provided. This session is not just educational, but focuses on actions that clients can take for positive change in how they think, act, and feel about money, credit, and debt.
10:00 – 11:00 am Your Bill Paying System: Be Defensible to an Insurance Claim (Session 2)
(0.5 CEU Standards of Practice, Types of Expenses and 0.5 CEU Payroll, Finance, Bookkeeping and Billpaying)
Debbie Gilster, Life Affairs & Daily Money Manager, At Home FinanceCare, LLC
Paying bills for our clients is an integral part of a DMM’s daily work. We use various methods and systems for paying clients’ bills. Is there a good, better, or best method to protect you and your business from professional liability claims? With fraud in the news daily, we need to be paying bills in the safest way possible. This session will identify holes in our client work processes and discuss how to shore them up so we assume less risk. These have always been gray areas for most DMMs. Let’s make them black and white! Our speaker Debbie Gilster will be joined by Larry Hilton of Dominion Insurance throughout her presentation to add an insurance provider’s point of view.
11:00 – 11:15 am Break
11:15 am – 12:15 pm Break-out Sessions (2)
11:15 am – 12:15 pm What To Do When You Believe Your Client Becomes Incompetent (Session 1)
(1.0 CEU Ethics)
Roland Waller, Owner, Waller & Mitchell
Have you observed your client making what you feel are poor financial decisions? Are there enough red flags that you suspect your client is suffering from diminished mental capacity? This session will take a look at a DMM’s ethical responsibility to a client in this type of situation and the challenges you will ecounter when dealing with the client, their family, attorneys, and health care and mental health professionals. It will also cover what to do in case of suspected elder abuse by family members or caretakers.
11:15 am – 12:15 pm Excel Tips and Tricks for DMMs (Session 2)
Esther Yang, Daily Money Manager, Fiscally Fit, Inc.
Learn Excel tips and tricks specifically targeted to DMMs in this informative session. You will learn: data conversion – how to download data from a bank or credit card company and format the data so it can be uploaded into Quicken; data manipulation – download reports from Quicken into Excel, sort, filter, pivot tables, scenario analysis, formulas, and links; and data formatting – sample ways to format data downloaded from Quicken. Esther will end the session by conducting an open Q&A.
12:15 – 1:15 pm Lunch (Sponsored by Dominion Insurance)
1:15 pm - 2:15 pm Ethics Roundtable: Lively Discussions and Interesting Interpretations
(1.0 CEU Ethics)
Facilitator: Courtney Smith, PDMM®, NCG, AADMM President, President Lotus Fiduciary Services
How do you interpret AADMM’s Code of Ethics? Wish you could collaborate with your peers on how to face a sticky situation? This session will take an interactive approach to discussing ethical dilemmas by dividing the attendees into four large groups to address real-life situations. Each group will have a designated “monitor,” but will select one person to present the “answer” at the end of 10 minutes. A total of eight sticky situations will be discussed.
2:15 pm - 2:30 pm Closing Remarks
Raffle for a free 2017 conference registration (must be present to win).

174 Crestview Drive . Bellefonte, PA 16823-8516
Phone: 814-357-9191 . Fax: 814-355-2452 . Email: info@aadmm.com