Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Pros and cons of using a personal assistant service to manage your personal finances?
Years ago I hired someone part time (not virtual however) to help me with all sorts of things.  Yes it helps free up some time. However particularly with finances, it does take a leap of faith.  If you have high value accounts that this person will be dealing with you can always get them bonded.  Getting an individual with a clean credit history and no criminal background bonded usually costs < $600 a year (depending on $ risk exposure). I would start out small with tasks that do not directly put that person in control of your money.  In my case I didn't have an official business, I worked a normal 9-5 job, but I owned several rental units, and an interest in a bar.  My assistant also had a normal 9-5 job and worked 5-10 hours a week for me on various things. Small stuff at first like managing my calendar, reminding me when bills were due, shipping packages, even calling to set up a hair cut. At some point she moved to contacting tenants, meeting with contractors, showing apartments, etc... I paid her a fixed about each week plus expenses. I would pay her extra if I needed her more (say showing an apartment on a Saturday, or meeting a plumber). She would handled all sorts of stuff for me, and I gave her the flexibility when needed to fit things in with her schedule. After about a month I did get her a credit card for expenses. Obviously a virtual assistant would not be able to do some of these things but I think you get the point.   Eventually when the trust had been built up I put her on most of my accounts and gave her some fiduciary responsibilities as well. I'm not sure that this level of trust would be possible to get to with a virtual assistant. However, with a virtual assistant you might be able to avoid one really big danger of hiring an assistant.... You see, several years later when I sold off my apartment buildings I no longer needed an assistant, so I married her. Now one good thing about that is I don't have to pay her now.   ;)