James F. Eaton, III, CPA, MBA Earns Exclusive Personal Financial Specialist Credential

Designation certifies advanced education, training and experience in financial planning.

Eaton_2013James F. Eaton, III, a CPA financial planner with KatzAbosch in Baltimore has been awarded the Personal Financial Specialist (PFSSM) credential by the American Institute of Certified Public Accountants, joining an elite group of professionals who have demonstrated advanced knowledge of tax, estate, retirement, investment and insurance planning.

The PFS credential, established in 1987 by the AICPA, is awarded only to CPAs with extensive training and experience in financial planning. To earn the credential, CPAs must have at least 75 hours of personal financial planning education and 3,000 hours of planning experience within the previous five year period. They also must pass a comprehensive exam covering eleven topic areas and be a member in good standing with the AICPA, binding them to the AICPA Code of Professional Conduct and the Statement on Standards in Personal Financial Planning Services

“Given their formal education and technical training in the areas of accountancy and taxation, CPAs are the most qualified, knowledgeable and objective financial planning professionals,” said Jeannette Koger, the AICPA’s vice president of member specialization and credentialing. “Supplementing this background with the CPA/PFS credential demonstrates a CPA’s commitment to providing the highest level of expert financial planning services. For clients, that translates to financial planning that is CPA strong — comprehensive financial strategies that put their needs and interests first.”

Many CPA/PFS credential holders regularly appear on lists of top financial planners. In addition to meeting rigorous requirements to join this elite group, Mr. Eaton must meet recertification requirements every three years to maintain the credential.

When asked what the PFS accreditation means to him and the firm, James Eaton said, “This credential signals to our clients that the firm as a whole, and I personally, continue to do everything in our power to put ourselves in the best position to represent and advocate for our clients.”

About James F. Eaton, III

James Eaton, a Manager with KatzAbosch and member of the firm’s high-net-worth and pass-through / real estate tax groups, joined the firm in 2013. James works alongside clients’ trusted advisors such as attorneys, investment advisors and insurance brokers to help navigate the increasingly complex legal environment to achieve individual and family goals. Clients’ goals often include issues such as tax efficient inter-generational wealth transfer or structured philanthropic giving plans. James’ experience with small business and real estate taxation make him uniquely well suited to working with owners of closely held businesses on projects such as multi-year tax planning and development of business succession plans. James has also been identified as the firm’s Subject Matter Expert (SME) on the Affordable Care Act. In addition to researching regulatory changes and disseminating program implementation information both internally and externally, James acts as an advocate for clients seeking an advisor to help them understand complex or contradictory information from various sources.

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