The CFP®, CPA, MBA ADVANTAGE
Choosing a competent CPA and Certified Financial Planner™ you trust and are comfortable with is a difficult task, and I fully get that. I pride myself on my integrity, and enjoy the privilege of protecting my clients' best interest as both a fiduciary, and as a dual professional.
While there are many financial advisors to choose from, only 20% are Certified Financial Planners™ (CFPs®). In addition, less than 10% of all CFPs® are also CPAs. I'm one of only approximately 7,600 professionals nationwide that are both a licensed Certified Financial Planner™ (CFP®), and a licensed CPA. I also hold dual Master's Degrees- My MSA (Accounting), and MBA. Read below to learn more about what sets both Certified Financial Planners™ and CPAs apart from the crowd.
What is a Certified Financial Planner™ (CFP®)?
Today more than ever, CERTIFIED FINANCIAL PLANNER™ professionals are an essential resource. From budgeting, to planning for retirement, to saving for education, to managing your taxes and your insurance coverage, “finances” doesn’t mean just one thing for most Americans—and “financial planning” means much more than just investing. Bringing all the pieces of your financial life together is a challenging task.
Although many professionals may call themselves “financial planners”, CFP® professionals have completed extensive training and experience requirements and are held to rigorous ethical standards. They understand all the complexities of the changing financial climate and they know how to make recommendations in your best interest.
Financial planning takes the guesswork out of managing your finances and helps you understand the implications of each financial decision you make. Everyone has different goals, so it’s important to have a unique plan that works for you and your financial situation, both now and in the future.
The average American faces an uncertain economy and more options for saving and investing than ever before. It’s easy to feel overwhelmed or confused, unless you find a way to understand the big picture. A CFP® professional can bring clarity to all your finances and help you develop a strategy, so it’s easier to make financial decisions, set long-and short-term life goals, and stay on track. Working with a CFP® professional can secure your financial well being and give you peace of mind.
What is a 'Certified public accountant' (cpa)?
A certified public accountant, or CPA, is the accounting profession’s highest standard of competence, a symbol of achievement and assurance of quality. A CPA is a certified public accountant who is licensed by a state board of accountancy. To earn the prestige associated with the CPA license, you are required to demonstrate knowledge and competence by meeting high educational standards, passing the CPA exam and completing a specific amount of general accounting experience. The two most important aspects of becoming a CPA are passing the Uniform CPA Exam and meeting licensing requirements in the state where you want to practice.
Just as a lawyer is defined by a law license, the CPA license is a symbol to the public that an accountant has mastered the vital elements of the profession. A CPA license is a high standard recognized by employers and their clients, governments and the public as an assurance of skill, dedication and quality. In today’s business world, a CPA represents a trusted voice in business and financial consulting and is a sought-after commodity among all walks of professional organizations.
There are a variety of opportunities available in the accounting and financial job market today, but no matter what career path an accounting professional chooses, a long, successful career virtually requires a CPA license. There are many powerful reasons – both professional and personal – for earning and maintaining a CPA license.
While the pass rates are only approximately 45-50% for any one of the 4 CPA exams, I passed all four on my first attempt with just under a 90 average. I also hold dual Master's Degrees- And MSA (Accounting), and my MBA. I also passed my CFP® exam on my first attempt, although the CFP® Board does not release the actual score, and just issues a pass or fail.
MASTER OF BUSINESS ADMINISTRATION
The Master of Business Administration (MBA) is an internationally-recognized degree designed to develop the skills required for careers in business and management. The value of the MBA, however, is not limited strictly to the business world. An MBA can also be useful for those pursuing a managerial career in the public sector, government, private industry, and other areas. A MBA is a graduate degree achieved at a university or college that provides theoretical and practical training to help graduates gain a better understanding of general business management functions. The MBA degree can have a specific focus, such as accounting, finance or marketing. It typically involves numerous
Most major universities and colleges provide MBA programs, which usually last two years. Graduate business courses are case-study based, considering the diverse situations typically confronted by upper-level management and strategies. This includes managing dynamic business across numerous industries, using knowledge acquired through other MBA courses. These strategies are based on analysis of the firm's internal strengths and financial condition and constraints, as well asthe opportunities, threats, of external environment, including technological, political, and regulatory environments. Skills include developing strategic implementation plans that provide detailed descriptions of appropriate executive action.
SO WHAT DOES IT ALL MEAN?
The value of having a CFP®, CPA, MBA as your Certified Financial Planner™ (CFP®) and Certified Public Accountant, is that I'm one of only about 7,600 professionals nationwide that have earned the dual professions of a CPA and CFP®, and much more importantly the expertise gained in achieving them, and using those skills in practice for years. Most Certified Financial Planners™ outsource their clients' personal and business tax preparation to a CPA like myself. As a CPA, I'm able to not only prepare your annual personal and business tax returns (and quarterly tax estimates, as necessary), but I'm also uniquely qualified to anticipate the numerous tax implications of liquidating specific positions, whether they be simple equities, ISOs, NQSOs, and can expertly handle much more complex tax situations. In addition, I have my MSA (Accounting), and my MBA, and a B.S. in Marketing. I qualify all my potential candidates for a good personal and ethical fit, and I expect them to do likewise. I look forward to speaking with you, and working together to map your financial future.
I wish you the very best of success in all your personal, business, and philanthropic endeavors!