Advanced Personal Financial Planning (as part of AICPA ENGAGE 2019)


This includes sessions from the conference: Advanced Personal Financial Planning (as part of AICPA ENGAGE 2019)

Standard: $459.00

Products

Best Planning Ideas (Preceded by the Presentation of the 2018 Distinguished Service Award)

Preview Available

Best Planning Ideas (Preceded by the Presentation of the 2018 Distinguished Service Award)

Identification: PFP1928

The Best Ideas Panel will pull together the best thinking from the first two days of the conference. We will give the attendees practical planning strategies that affect their clients that they can implement now. Topic will cover thought leadership in the income tax planning, estate planning, retirement and other areas as well as some of the general sessions. Our panel consists of individuals who are recognized experts in each area and consistently ranked as our top speakers at the conference. 

Learning Objectives:

  1. Implementable best planning ideas from across all the sessions from the first two days of the PFP Conference.
  2. Current topics including tax planning, estate planning, retirement, elder planning, and other financial planning topics will be presented in a practical format.

Speaker(s):
  • Julie A. Welch, CPA, PFS, CFP, AEP (Distinguished), Shareholder and Director, Meara Welch Browne, P.C.
  • Steven Siegel, J.D., LL.M. (Taxation), President, The Siegel Group
  • Lyle K. Benson, CPA PFS CFP, Founder and President, L. K. Benson & Company
  • Theodore J. Sarenski, CPA/PFS, CFP, AEP, CGMA, Wealth Adviser, Sage View Advisory Group
Standard: $49.00

What's Keeping Your Clients Up at Night? (EST, PFP, TAX)

Preview Available

What's Keeping Your Clients Up at Night? (EST, PFP, TAX)

Identification: ENG19EL02.5

Clients’ needs and expectations continue to change. Are you doing all that you can to make sure you are still their go-to adviser? In this session, hear Susan Tillery, CPA/PFS and Dan Snyder, CPA/PFS, speak about the demographic shifts and changing client expectations and how you can continue to serve their needs. Susan will also demonstrate how she uses the Personal Finance Scorecard to find out what really is on her clients’ minds.

Learning Objectives:

  • Gather information about key trends and demographics that impact clients today.
  • Uncover the latest data which leads to changing needs.
  • Learn how to use the Personal Finance Scorecard to serve clients.

Speaker(s):
  • Susan M. Tillery, CPA/PFS, AEP, (Distinguished), President & CEO, Paraklete Financial, Inc. and Financial Planning Advocate, LLC
  • Daniel P. Snyder, CPA/PFS, Director - Personal Financial Planning (PA), Association of International Certified Professional Accountants
Standard: $49.00

Stop Overworking Prep, Comp, Review

Preview Available

Stop Overworking Prep, Comp, Review

Identification: ENG19VCC3

In this chat, we will dig into reasons firms tend to overwork prep, comp and review engagements along with some strategies and technology that can help get your firm delivering high quality financial statement services as efficiently as possible.

Objectives:

  1. Identify places where you might be overworking engagements.
  2. Identify action steps to take to better balance quality and efficiency in these engagements.

Speaker(s):
Standard: $49.00

Reimagine

Preview Available

Reimagine

Identification: ENG19K02

The digital era has brought about a blistering pace of change that’s only getting faster. It’s rapidly resetting consumer expectations and challenging organizations to disrupt themselves to remain relevant. And it’s bringing enormous opportunity for the accounting profession. To lead our clients and employers through these increasingly volatile times, we must open ourselves to new possibilities – reimagining the services and skills we offer to keep the profession vital and relevant well into the future.

You’ll learn:

  1. The latest trends reshaping the accounting profession.
  2. How technology can enable us to enhance quality in existing service areas, and provide opportunity in new service areas our clients and businesses increasingly demand.
  3. How to evolve our skillsets to remain trusted advisors in an increasingly digital world.

Speaker(s):
Standard: $49.00

AICPA & CPA Practice Advisor Top 25 Women in Accounting Awards (not eligible for CPE)

Preview Available

AICPA & CPA Practice Advisor Top 25 Women in Accounting Awards (not eligible for CPE)

Identification: ENG19WA01

Standard: $49.00

IRA Planning Update (TAX, PFP)

Preview Available

IRA Planning Update (TAX, PFP)

Identification: ENG1918

This session will cover the best retirement tax planning strategies, after tax reform. The program will show advisors how to increase consulting income by identifying the planning areas where CPAs and other financial planners can add the most value to clients. Also included will be the latest cases and rulings, many of which are not widely publicized, yet apply to all clients with retirement accounts. Find out the latest in the world of IRA tax planning so you can share this with clients who will be looking to you for guidance on making critical retirement decisions. This will add to your value as a key retirement advisor. 

Learning Objectives:

  1. To identify the retirement tax planning areas where advisors can add the most value and increase consulting income. 
  2. To be aware of the latest tax and IRA distribution decisions from recent cases and rulings. These will apply to your clients who are relying on you for the right advice before making major decisions affecting their retirement savings.
  3. To learn how to avoid the most costly IRA mistakes made by CPAs. Many of these errors are fatal. They cannot be fixed and the consequences are financially disastrous, to both you and your clients.
  4. To immediately provide valuable and profitable information to clients who are at risk of making errors. They are not getting this information from their typical financial advisor. Be seen as a proactive retirement advisor, as opposed to reporting on events that happened last year. That’s too late.

Speaker(s):
  • Ed Slott, CPA, Partner, Ed Slott and Company, LLC
Standard: $49.00

QSBS: The Quest for Quantum Exclusions (Queries, Qualms & Qualifications) (PFP, TAX)

Preview Available

QSBS: The Quest for Quantum Exclusions (Queries, Qualms & Qualifications) (PFP, TAX)

Identification: ENG1919

Qualified Small Business Stock (QSBS) under Section 1202 is not just for tech companies anymore. It’s time to reconsider QSBS because the new tax act has paved the way for closely-held companies to benefit “bigly.” QSBS provides an exciting array of benefits (and a surprising alternative) for owners of new and pre-existing business (large and small): (i) 100% gain exclusion on sale; (ii) tax-free rollover of gains; and (iii) a chance to “stack” (multiply) and “pack” the exclusion by 10 times (maybe more). While the benefits of QSBS are straightforward, the qualifications and questions surrounding QSBS planning are far from it. This presentation will discuss planning opportunities, unanswered questions, potential pitfalls, and best practices in the quest for quantum QSBS exclusions.

Learning Objectives:

  1. Why is the time finally right for QSBS? What has changed since its enactment?
  2. Basic elements and qualifications of QSBS.
  3. Planning to maximize QSBS exclusions.
  4. Common mistakes and pitfalls.

Speaker(s):
  • Paul S. Lee, J.D., LL.M. (Taxation), Global Fiduciary Strategist, Northern Trust Company
Standard: $49.00

Behavioral Aspects of Portfolio Construction

Preview Available

Behavioral Aspects of Portfolio Construction

Identification: PFP1930

When constructing client portfolios, we often focus on the logical and analytical aspects and forget that our clients make decisions based on the more behavioral and psychological factors. In this session, we will describe the latest thinking in advanced portfolio construction, starting with the analytical basis and then describing how to best communicate these concepts to clients/prospects. We will examine behavioral decision-making and the psychological factors that influence why client do, or do not, take action on our recommendations. Additionally, we will explore better ways to communicate our information in a simple, easy-to-understand format, so that clients/prospects are motivated to take action and implement recommendations to their overall portfolio construction. 

Learning Objectives:

  1. Portfolio Construction- How to build better portfolios to include risk budgeting, asset allocation, and overall design, based on clients' stated needs.
  2. Behavioral Finance- with emphasis on the biases, emotions, and psychological factors that influence client investment decision-making
  3. Client Communications- how to best translate complex portfolio construction ideas into a simple, easy-to-understand format so that clients can make sound decisions regarding their investments and overall portfolio construction (to achieve their long-term goals).

Speaker(s):
Standard: $49.00

Preparing for Outlier Events That May Trigger the Next Bear Market, presented by Fox Financial

Preview Available

Preparing for Outlier Events That May Trigger the Next Bear Market, presented by Fox Financial

Identification: ENG19EL01.7

Most advisors and their clients understand we have now experienced a bull market for over a decade. Since the markets are cyclical, we know an imminent bear market is on the horizon. No one can pinpoint when it will arrive. However, both advisors and clients can prepare ahead of time so when the bear market comes growling and baring its teeth, there is a specific, well thought out plan in place to be implemented to keep both advisors and their clients as calm as possible, as well as preventing catastrophic losses. This session will be presented by Deborah Fox, an advisor who has personally dealt with three bear markets over the past thirty years. During the 2007-08 financial crisis, she guided her clients to escape the large losses that most investors experienced. Since then, she has developed a system and checklist to keep both her and her clients as calm and rational as possible during scary times when a negative outlier event arrives. Deborah will share her Outlier Bear Market Checklist with you and provide you with options for how you can expertly guide your clients to make good decisions during tumultuous times. Preparing ahead for the next inevitable stock market decline will empower you and your team and demonstrate to your clients that you stand out as an advisory firm (and may very well get you some referrals)! Deborah Fox CEO & Founder of Fox Financial Planning Network for CPAs PFP Section Partner & Presenter for “Building a Tax & Financial Advisory Business” Workshop Founder & Senior Advisor of Essential Planners A Flat Fee Wealth Management Firm Financial Advisor since 1987.

Learning Objectives:

  1. Help advisors and their clients think through how to come up with a specific plan ahead of time for when the next Bear Market hits so they can keep their emotions in check.
  2. Provide a checklist of suggested actions advisors can take when the next Bear Market arrives.
  3. How to effectively communicate to clients during scary times.

Speaker(s):
  • Deborah Fox, CEO & Founder, Fox Financial Planning Network
Standard: $49.00

Differentiation is the Challenge - Niche is the Solution

Preview Available

Differentiation is the Challenge - Niche is the Solution

Identification: PFP1932

The services of most advisors look the same to prospective clients. To attract clients, advisors need to demonstrate how they are different in a way that is valuable to their target market – a niche. In addition, almost all clients would benefit from an advisor who has a deeper understanding of their particular situation and needs; to have the opportunity to work with a specialist in what is unique about them. This course teaches practitioners how to develop an understanding of the more detailed, subtle and nuanced needs beyond the basics and to strengthen their planning abilities for the group of clients they want to be better prepared to serve and create a communication strategy that projects that difference.

Learning Objectives:

  1. Describe when Practice Standards may require a deeper understanding of the client situation.
  2. Determine what additional expertise is required to develop and deliver competent advice to a specialized population. (i.e. Assist clients in developing a deeper understanding about the unique aspects of their situation and be able to deliver counseling tailored to that client's unique requirements or persuade a client to engage in a deeper planning process than they may have been anticipating after talking to a generalist planner).

Speaker(s):
Standard: $49.00