Personal financial planning

Practice

AICPA Issues Practice Standards for CPAs on Personal Financial Planning Services

The American Institute of CPAs (AICPA) earlier this month released additional guidance, "Statement on Standards in Personal Financial Planning Services," that ensures the profession’s “rigorous code of professional conduct” applies to all CPA financial planners.
Education & Careers

AICPA Competition: Portland Students’ Creative Financial Plan Nets Top Honors

A team of accounting students from the University of Portland turned into personal financial planners – and devised an award-winning plan to help a fictional young entrepreneur take control of his finances and pay off his debt.
Practice

The Importance of Being the Sole Advisor

In a perfect world, our clients would choose one advisor to manage all their financial matters. But it’s a fact of life that many clients spread their money around and work with multiple advisors. According to Aite Group, only one of every three clients turns over all of their assets to a single wealth manager.
Practice

Beating the Irrational Fears of Investing by Building Trust

There’s an irrational fear of investing that has been building momentum across our country since 2008. A recent study from Nationwide¹ found consumers fear investing even more than death, with other fears such as healthcare coverage, unemployment and the lack of economic stability following in close pursuit.
Practice

Know Before You Roll - Options for an Old 401(k)

According to an investigation by the U.S. Government Accountability Office (GAO), “Retirement plan providers are offering misleading or even false information about 401(k) rollovers that can cost participants thousands of dollars in additional fees.”
Education & Careers

AICPA Announces 2013 Accounting Competition

This fall, teams of undergraduate business/accounting students from across the country will be able to test their personal financial planning skills when they participate in the 2013 AICPA Accounting Competition.

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