News & Notes

Life Management Advisors Named as Finalist in Stevie Awards

Life Management Advisors CEO Heather Bayfield Named as Finalist in two Categories for 6th Annual Stevie® Awards for Women in Business
Published: October 21, 2009
Heather Bayfield, founder and president of Life Management Advisors, was named a Finalist in two categories in the 6th annual Stevie Awards for Women in Business.

• Best Entrepreneur – Service Businesses – Up to 100 Employees
• Best Overall Company of the Year – Service Businesses &ndash up to 100 Employees

The Stevie Awards for Women in Business honor women executives, entrepreneurs, and the companies they run – worldwide. The Stevie Awards have been hailed as the world’s premier business awards.
Nicknamed the Stevies for the Greek word “crowned,” winners will be announced during a gala event at the Marriott Marquis hotel in New York on Friday, November 13. Nominated women executives and entrepreneurs from the U.S.A and several other countries are expected to attend. The presentations will be broadcast live on radio in the U.S.A. by the Business TalkRadio Network.
More than 1,100 entries were submitted this year for consideration in 54 categories, including Best Executive, Best Entrepreneur, and Best Community Involvement Program. Finalists were chosen by business professionals worldwide during preliminary judging. Members of the Awards’ Board of Distinguished Judges & Advisors and their staffs will select Stevie Award winners from among the Finalists during final judging.
“Being named a Finalist in The Stevie Awards for Women in Business is an important achievement,” said Michael Gallagher, president of the Stevie Awards. “It means that independent business executives have agreed that the nominee is worthy of recognition. We congratulate all of the Finalists on their achievement and wish them well in the competition.”
“It’s an honor to be recognized for our work with this prestigious award,” said Bayfield. “Our mission is to help individuals manage daily tasks and maintain an independent, carefree lifestyle. Thanks to a talented and dedicated staff at Life Management Advisors, we are able to let individuals and their families rest easy and continue to live in the manner they choose. This is the reason for our growth and success.”
Details about The Stevie Awards for Women in Business and the list of Finalists in all categories are available at www.stevieawards.com/women.

About Life Management Advisors, Inc.
Located in Ponte Vedra Beach, Florida, and catering to the elderly and busy professionals, Life Management Advisors visit their clients in their homes each week to tackle issues such as bill payment, taxes, estate planning, review of financial documents, medical claims management, payroll and staffing issues.

About The Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and The Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

Stealing elderly parents’ identities a hidden, common crime

By Bob Sullivan

Child ID theft is a scourge of the digital age — a terrible crime that often sees parents ruining their own kids’ futures by taking out mortgages, car loans and other financial obligations in their names. But a new study shows that another kind of family-based ID theft, which rarely grabs headlines, might be much more prevalent: Stealing the identities of elderly parents.

Read the complete article at: MSNBC.com

Current News on Our Aging Nation

Does your Medicare strategy need a makeover?
Published: August 24, 2012, Wall Street Journal
Many people are paying more than they should for coverage, are in plans that restrict their choices or have inadvertently neglected to enroll in supplemental and prescription-drug plans.
In many cases, the problems stem from hasty decisions during their initial enrollment, as well as misguided reliance on incomplete information provided by sales people touting Medigap, prescription-drug or Advantage plans. READ COMPLETE ARTICLE AT WSJ ONLINE

Financial Capacity in an Aging Society
Published on the American Society on Aging website
The capacity to manage one’s financial affairs, known as financial capacity, comprises a broad range of conceptual, pragmatic, and judgment abilities, used across a range of everyday settings, that are critical to the independent functioning of adults in our society. Financial capacity has been defined in general terms as “the capacity to manage money and financial assets in ways that meet a person’s needs and which are consistent with his/her values and self-interest”. READ COMPLETE ARTICLE

Beware of Scams Targeting the Elderly
Published: March 4, 2012, CNN
Boomers beware: Scams, frauds and other financial exploitation schemes targeting older Americans are a growing multibillion-dollar industry enriching the schemers, anguishing the victims and vexing law enforcement officials who find these crimes among the hardest to investigate and prosecute. READ COMPLETE ARTICLE AT CNN ONLINE

Probe shows court-appointed guardians often not screened or monitored
Published: October 27, 2010, CNN
Some court-appointed guardians for incapacitated seniors are not screened before they're appointed, and many are not monitored by the courts after they've taken over the affairs of their charges, resulting in hundreds of allegations of abuse, a federal probe found. READ MORE

Older population expected to triple by 2050
Published: June 23, 2009, San Jose Business Journal
The world's 65-and-older population is projected to triple by mid-century, from 516 million in 2009 to 1.53 billion in 2050, according to the U.S. Census Bureau. READ MORE

Cuts in Home Care Put Elderly and Disabled at Risk
As states face severe budget shortfalls, many have cut home-care services for the elderly or the disabled, programs that have been shown to save states money in the long run because they keep people out of nursing homes.

Since the start of the recession, at least 25 states and the District of Columbia have curtailed programs that include meal deliveries, housekeeping aid and assistance for family caregivers, according to the Center on Budget and Policy Priorities, a research organization. That threatens to reverse a long-term trend of enabling people to stay in their homes longer. READ MORE

AADMM Annual Conference

Life Management Advisors attended the AADMM annual conference in Orlando on November 7th, 8th and 9th and was the title sponsor for the event. The event proved to be a great success and Life Management Advisors looks forward to attending the 2011 conference which is scheduled for 11/11 – 11/13 in Albuquerque, NM and the 2012 conference which is scheduled for 11/9 – 11/11 in Chicago, IL. For more information, visit AADMM's website.

New Resources Coming!

Already Running a Daily Money Management Office? We have resources coming. Beginning soon we will have educational videos available on our site. These are 5- to 15-minute downloadable videos to give you the most pertinent, up to date information on topics essential to our business.

2009 Educational Videos will include: