PFP Association News


Maximize Year-Round Productivity with Leading Financial and Tax Planning Strategies

Financial Planning Digest | May 04, 2015

On May 6 from 1-2:45 p.m. ET, Bob Keebler and Steve Oshins will discuss such topics as: lessons learned from tax season; the latest planning strategies in estate, tax, retirement, and risk management; and investment planning opportunities that you can use to plan for your clients year-round, as well as tips to help your clients to take action. This webcast is free for PFP/PFS members without optional CPE (see your PFP News for a registration link) or for purchase with discounted CPE for PFP/PFS, Tax Section, and PCPS members.


Scholarship to Attend the AICPA Advanced Estate Planning Conference

Financial Planning Digest | May 04, 2015

The P. Thomas Austin Personal Financial Planning Division Scholarship recognizes one emerging CPA by covering registration and travel expenses to attend the 2015 Advanced Estate Planning Conference (July 20-22 in Salt Lake City). Learn more about the requirements and apply by June 1.


Why CPA/PFS?

Financial Planning Digest | Apr 30, 2015

Every CPA/PFS is first and foremost a CPA -- only CPAs qualify to hold the CPA/PFS. A CPA's foundational tax expertise and business acumen coupled with the stringent PFS requirements enables him or her to uniquely address the financial planning concerns of individuals, families, and business owners. Learn more about the value proposition of the CPA/PFS and share this short video with your clients and prospects. The summer 2015 PFS exam will be offered June 19 - July 31, 2015, at convenient testing centers across the country. Learn more about the exam and preparation options at aicpa.org/PFS exam.


Webcast: Tax Impacts of Decanting

Financial Planning Digest | Apr 30, 2015

What is decanting? How does it work? What are its tax implications? These are only a few of the questions that should be asked when considering decanting as a possible strategy. On May 12 from 1-2:45 p.m. ET, Bob Keebler and Jonathan Blattmachr will cover some of the more difficult issues regarding decanting, including when it might be useful as well as its impact on income, gift, GST and estate taxes. This webcast is free for PFP/PFS members without optional CPE (see your PFP News for a registration link) or for purchase with discounted CPE for PFP/PFS, Tax Section, and PCPS members.


From Tax Preparer to Financial Planner: The Road Best Traveled

Financial Planning Digest | Apr 27, 2015

Many CPA financial planners add financial planning services to their tax practices because their clients ask about issues that go beyond taxes, including educating children, transferring wealth, protecting assets and funding retirement. Register now for all or portions of a webcast series designed to assist you in moving from tax return preparer to financial planner. Learn how to take an integrated approach to the delivery of financial planning services to ensure all of your clients' tax, estate, retirement, investment and risk management needs are met. Webcast series begins May 21. Discounts are available for PFP/PFS Section, Tax Section, and PCPS members.


Scholarship to attend the AICPA Advanced Estate Planning Conference

Financial Planning Digest | Apr 27, 2015

The P. Thomas Austin Personal Financial Planning Division Scholarship recognizes one emerging CPA by covering registration and travel expenses to attend the 2015 Advanced Estate Planning Conference (July 20-22, 2015, in Salt Lake City). Learn more about the requirements here; apply by June 1.


Four Complimentary CPE Webcasts for PFP/PFS Members in 2015

Financial Planning Digest | Apr 23, 2015

PFP/PFS members receive four complimentary CPE-accredited PFP Section-sponsored webcasts on an annual basis. Visit the PFP webcast calendar to view these events and how to redeem your complimentary credits. Note that recordings and presentation materials from all PFP Section-sponsored webcasts are posted for members to our learning library after the live event. Viewing these archived recordings does not qualify for CPE. Not a member? Join the PFP Section and save $50 on your first year of membership when you enter promocode CPALDPFP at checkout.


Update Your CPA and/or PFS Descriptions on Part 2 of Your Form ADV

Financial Planning Digest | Apr 20, 2015

Part 2 of Form ADV requires advisers to prepare narrative brochures written in plain English which contain, among other things, information on the educational and business background of management and key advisory personnel of the adviser. The SEC permits, but does not require, advisers to list the professional designations held by such persons. SEC instructions do require, however, that any listing of professional designations held must provide a sufficient explanation of the minimum qualifications required for each designation to allow clients and potential clients to understand the designation's value. Update your CPA and/or PFS descriptions with the latest versions, which have been recently updated for language regarding state boards of accountancies and AICPA standards.


Free financial literacy webcast: 2015 Taxes: Start Your Money Plan Here

Financial Planning Digest | Apr 20, 2015

Your tax return is the road map to your life goals. So don't file it and forget it: Use it. On April 23, 1-2 p.m. ET, Chris Benson, CPA/PFS will show you how in this webcast brought to you by 360 Degrees of Financial Literacy and the AICPA PFP Division. In the context of today's dynamic tax environment, he will explain how you can use your tax return to create a well-rounded comprehensive financial plan. This seminar is free to everyone. CPE is not offered. Register now!


June 2015 PFP Boot Camp in Denver

Financial Planning Digest | Apr 16, 2015

The AICPA's in-person PFP Boot Camp will be held June 17-19 at the offices of the Colorado State Society of CPAs in Denver. Whether you are preparing for the PFS exam or are interested in refreshing your knowledge in estate, retirement, tax, investment and insurance planning, you can benefit from the PFP Boot Camp, which systematically covers the entire body of PFP knowledge in an engaging and practical 3-day class. For more information on all of our PFP Boot Camps, whether they're held in-person, online, or on-demand, visit aicpa.org/pfp/bootcamp.


Post-Tax Season Resources from the PFP Section

Financial Planning Digest | Apr 16, 2015

Congratulations for making it through the first phase of the 2015 tax season! Even though April 15 is behind you, you can still check out relevant resources from the AICPA PFP Section at aicpa.org/PFP/taxseason, including the Tax Return for PFP Checklist, which can help you identify financial planning opportunities from your clients' tax returns, and the Personal Financial Outlook, which can be used to assess and summarize a client's financial situation.


Apply to Volunteer on a PFP Committee by May 15

Financial Planning Digest | Apr 13, 2015

The AICPA has over 100 volunteers who serve on the various Personal Financial Planning committees and task forces, including the PFP Executive Committee and PFS Credential Committee. If you are interested in participating on a committee or task force, log on to Volunteer Central at volunteers.aicpa.org and complete the volunteer application. Please make sure to load a resume or CV when you complete the application.


Nominate a Star Young CPA Personal Financial Planner for a Standing Ovation by Nov. 15

Financial Planning Digest | Apr 13, 2015

The AICPA's Standing Ovation Program recognizes young CPAs in personal financial planning who exhibit exemplary professional achievement. Recipients will be recognized with a press release, on the PFP Section website, in the Advanced PFP Conference brochure and at the conference in January 2016. Nominees must have an active CPA license, AICPA membership in good standing, the CPA/PFS credential, and be age 40 or younger. Partners or managers are encouraged to submit applications on behalf of nominees, but applicants are also permitted to self-nominate with a letter of recommendation from a partner or manager. Nominations are due no later than Nov. 15, 2015.


April Inside Information

Financial Planning Digest | Apr 09, 2015

The April 2015 edition of Inside Information* from Bob Veres covers creative advisers' suggestions for controlling custodial fees in client accounts, the most powerful success factors in the advisory profession explained in simple detail, and a guide to rethinking your pricing model. 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.


Results from the Q1 AICPA PFP Trends Survey on Retirement

Financial Planning Digest | Apr 09, 2015

Results of the Q1 2015 survey on retirement planning concerns are now available at aicpa.org/pfp/trendsurvey. Each quarter, this survey will address trends and issues that CPA financial planners encounter with their clients. The survey results provide data and analysis that CPA financial planners can use to understand trends in the planning industry, enhance relationships with the media and drive awareness of key issues.




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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