PFP Association News


Personal Financial Satisfaction Index

Financial Planning Digest | Jan 26, 2015

To help CPAs, the media, and consumers gain clearer insights into how Americans feel about their financial situation, the AICPA has released a new economic barometer, the PFSi (Personal Financial Satisfaction Index). The index weighs a variety of economic factors to calculate the financial standing of a typical American. Debuting at +6.6, and calculated retroactively, today's PFSi shows an increase of 6.5 points from the previous quarter and 14.9 points from one year ago, suggesting that the economic recovery is translating into improvements in Americans' finances. To read more about the PFSi and how it is derived, read this Journal of Accountancy article and view an infographic of the most recent results.


CPA/PFS Holders: Participate in Quarterly Trend Survey

Financial Planning Digest | Jan 26, 2015

A PFP Division Media Advisory Board comprised of CPA/PFS credential holders will oversee the creation and implementation of a quarterly trend survey of CPA financial planners. This short 6-8 question survey will be used to create media message points, demonstrate the importance of CPAs in their clients' financial planning relationships, and raise awareness in the CPA community and the media of the issues CPA financial planners face. If you are a CPA/PFS credential holder, we encourage you to participate in the initial survey, deploying later this week, which will focus on retirement planning issues. Watch your inbox for an invitation to respond!


Feb. 5: First Quarter Sophisticated Tax and Investment Planning Strategies

Financial Planning Digest | Jan 22, 2015

Timing is important when looking for ways to help clients reduce taxes and save more for retirement. Beginning of the year tax strategies are valuable and under-utilized. In this webcast with Bob Keebler and Bob Gordon on February 5 from 2-3:45pm ET, you'll learn to add value by timing retirement plan contributions, Roth conversions, and the exercise of incentive stock options. This webcast is free for PFP/PFS members without optional CPE (see your PFP News for a registration link) or discounted CPE for purchase for PFP/PFS, Tax Section, and PCPS members.


Michael Goodman recognized with 2014 Distinguished Service Award

Financial Planning Digest | Jan 22, 2015

At the 2015 Advanced PFP Conference in Las Vegas, Michael Goodman was named the winner of the 2014 Personal Financial Planning Distinguished Service Award. The AICPA gives the award to a member whose volunteer efforts have made significant contributions to the growth and advancement of the PFP profession. Goodman has served in many volunteer capacities at the AICPA. Perhaps most significant to his contributions has been his extensive work as a member and chair of the PFP Conference Committee, where he revamped the agenda and brought in top speakers, which resulted in the conference gaining recognition as best technical conference by experts inside and outside of the CPA profession. Read the press release.


Tax Practitioner's Toolkit

Financial Planning Digest | Jan 15, 2015

As you approach tax season, use the AICPA's Tax Practitioner's Toolkit (free to AICPA members) to help your clients understand the ACA and other tax changes, be clear on your processes and the value behind your fees, and remind them of your year-round value. The Tax Practitioner's Toolkit offers many resources to help position you as the premier provider of tax services -- while saving you money and time in the process.


2015 Advanced PFP Conference: Networking Opportunities

Financial Planning Digest | Jan 15, 2015

We are looking forward to seeing many of you at the 2015 AICPA Advanced Personal Financial Planning Conference, January 19-21 at the Bellagio, Las Vegas. Attendees consistently say that their most valuable takeaway from this conference is the networking with their peers and experts from around the country. Don't miss the following networking opportunities: Fireside Chat (Sunday, 5-6 p.m.), Welcome Reception (Sunday, 6-7 p.m.), Networking Breaks and Luncheons (Daily), Networking Reception (Monday, 6-7 p.m.). It's not too late to register to attend virtually or in-person. If you're attending in person, come by to visit the PFP staff at the AICPA PFP booth!


Free webcast: Update on tax laws, regulations and guidance

Financial Planning Digest | Jan 12, 2015

For the latest on what's going on with issues including the Affordable Care Act, identity theft, and tangible property rules, tune in to the AICPA's Washington Tax Brief webcast on Jan. 20 at 1 p.m. ET. Participants will learn how the AICPA is advocating for members on these key topics. Part of the webcast will be devoted to a Q&A session with the tax advocacy team.


2015 Advanced PFP Conference

Financial Planning Digest | Jan 12, 2015

Join us a week from today for the 2015 AICPA Advanced Personal Financial Planning Conference, known as the most technically advanced in the country as it relates to estate, retirement, tax, investment, and risk management planning. It's not too late to join your peers to share ideas, network and learn from the best speakers in this discipline (Jan. 19-21 at the Bellagio, Las Vegas). Download the brochure to learn more about the outstanding line-up sessions. PFP/PFS members save $100 off of the AICPA member price.


January Inside Information

Financial Planning Digest | Jan 08, 2015

The January 2015 edition of Inside Information* covers successful service structures, onboarding made easy, and new research on how to find winning active managers. *Access to Inside Information is a benefit of PFP/PFS membership, which is an individual membership. If your colleagues would like access to this newsletter service, they can either purchase it directly from Bob Veres or sign up for PFP membership.


2014 AICPA PFP Division Year In Review

Financial Planning Digest | Jan 08, 2015

2014 was a landmark year for the PFP Division and our members with the issuance of the Statement on Standards in Personal Financial Planning Services, effective July 1, 2014. In addition to creating tools you need to understand and comply with the new standards, our PFP team, committees, and task forces have worked hard to meet your needs and address emerging issues by adding tools, resources, and learning to our existing suite of member benefits. Visit our website for the 2014 Year In Review to look back at the various milestones we've met, as well as member benefits we released or revised in 2014. We are focused on creating an exceptional member experience in the coming year and delivering value consistent with your expectations.


Whitepaper: ABLE Act

Financial Planning Digest | Jan 05, 2015

On Dec. 19, 2014, the Achieving a Better Life Experience Act (ABLE Act of 2014) was signed into law. The vote concluded a campaign that first began in 2006 to approve the use of tax-free savings accounts for individuals with disabilities to cover expenses not covered by government-sponsored programs. The ABLE Act allows for those with disabilities to have a supplemental source of income beyond those provided by governmental programs, such as Medicaid and Social Security. WealthCounsel, ElderCounsel, and authors Jeremiah Barlow, JD, and Stephen Dale, JD, LLM, have shared a whitepaper with PFP/PFS members outlining what the act accomplishes, why it's significant, who is eligible, when the accounts will be available, what this means from a planning perspective and more.


Implementing Personal Financial Planning Services: A Plan for Success

Financial Planning Digest | Jan 05, 2015

In Implementing PFP Services: Step-by-Step Plans for Success (Jan. 17-18 at the Bellagio Resort, Las Vegas), participants will learn from seasoned CPA financial planners and hear from compliance, technology and practice management experts to gain guidance on how to be most successful in providing tax, estate, retirement, risk management and investment planning services. Register for the 2-day session only or bundle with the 2015 Advanced PFP Conference. PFP/PFS and Tax members save an additional $100 off of the AICPA member price.




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Designed specifically for CPA personal financial planners and others interested in financial planning, Financial Planning Digest is a FREE monthly e-mail newsletter from the AICPA. It provides the most important and timely news stories to support personal financial planners. Learn more