CPA Earns PFS Designation

William R. Colbert, CPA of Newtown, has been awarded the Personal Financial Specialist (PFS) designation by the American Institute of Certified Public Accountants (AICPA).

The PFS designation, established in 1987 by the AICPA, recognizes CPAs with considerable professional experience in financial planning. Currently, fewer than 3,000 CPAs nationwide hold the PFS designation.

Mr Colbert met six requirements to earn the designation, including passing a technical exam covering the basic areas of personal financial planning: personal income tax planning, risk management and insurance planning, investment planning, retirement planning, and estate planning. In addition, Mr Colbert completed 250 hours of experience per year for three years. All PFS candidates must hold a valid CPA certificate and be an AICPA member in good standing. CPAs who have earned the PFS designation must be reaccredited every three years to maintain the credential.

The AICPA is the national professional association of CPAs with more than 328,000 members in public practice, industry, government and education.