Personal Financial Planning & Family Office Services

Preparation is Key to Safely Navigating Your Future

For Modern CPAs®, understanding the value and details of the Personal Financial Specialist (PFS) credential is crucial. This credential, awarded by the American Institute of Certified Public Accountants (AICPA), the leading professional organization for CPAs in the United States with over 350,000 members, is a testament to the highest standards of expertise and experience in personal financial planning. To be eligible, CPAs must be members in good standing with the AICPA and meet rigorous requirements demonstrating their proficiency in this specialized area.

Why Choose a CPA with a PFS Credential?

Selecting a CPA who also holds a PFS credential ensures you're working with a professional who has demonstrated comprehensive knowledge across all vital aspects of financial planning. This designation is given only to AICPA members who have undergone extensive professional work experience, education, and training, and have passed a detailed examination covering financial planning knowledge. A CPA/PFS professional brings additional value in their ability to integrate their tax, accounting, and business management expertise into their financial planning services, offering a more holistic approach to meet your needs effectively.

The Advantages of Hiring a CPA/PFS

CPAs are widely recognized as some of the most trusted advisors, a reputation built on a century of delivering competent, ethical, and reliable advice. When you engage a CPA with a PFS credential, you're assured of receiving unbiased and client-centered financial planning advice. This credential is the only one in personal financial planning designed specifically for CPAs, leveraging their extensive training and competency in this area.

Earning the PFS Credential: A CPA's Path

CPAs seeking the PFS credential must demonstrate comprehensive knowledge and experience in key personal financial planning areas, including estate planning, investment planning, retirement planning, risk management, and tax planning. This involves passing a rigorous examination and committing to ongoing education to ensure they remain at the forefront of the financial planning field.

Your Assurance in a CPA/PFS

CPAs are bound by the AICPA's strict professional conduct and ethics codes. PFS credential holders adhere to the AICPA's Statements on Responsibilities in Personal Financial Planning, ensuring they follow best practices in planning, advice delivery, and collaboration with other professionals. This commitment guarantees that a PFS professional will always prioritize your best interests in their services.

We provide personal financial planning and family office services to help you grow and preserve your wealth. Let Modern CPAs® guide you through the market noise and focus on your goals.

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DISCLOSURE: *Personal financial planning and family office services (investment advisory services) are offered through Paraklete® Financial, Inc. (PFI) an investment adviser. Modern CPAs®, Inc. and Paraklete® Financial, Inc. are under separate ownership. PFI only offers investment advisory services where it is appropriately registered or exempt from registration; and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

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