What is a PFS Credential and Why is this Important?

What is a PFS Credential and Why is this Important?

PFS – The PFS (Personal Financial Specialist) credential, a designation held by less than 4,000 CPA’s nationwide, recognizes CPAs with extensive professional experience in financial planning, including over 1,000 hours of business experience and over 75 hours of life long learning activities. To meet the requirements, a CPA must pass a comprehensive technical exam covering the personal financial planning process, retirement planning, estate planning, investment planning, income tax planning and insurance planning.

A PFS is held to strict ethics and compliance in the areas of uncompromising objectivity, competence, and integrity as stated in the State Board of Accountancy rules and regulations, and the American Institute of Certified Public Accountants Code of Professional Conduct.