Susan Tillery calls Financial Planning "An Orphan Looking for A Home"

Jan. 21, 2011 - PRLog -- An article by Susan M. Tillery, CPA/PFS, entitled "Financial Planning - an Orphan Looking for a Home" was published in December in the AICPA's Wealth Management Insider.  Ms. Tillery, President and CEO of Paraklete Financial, Inc.™, says that Financial Planning "has found itself in the midst of a storm of regulatory inquiry."  The way out of the storm, suggests Ms. Tillery, is for financial planning to become a "true stand alone discipline, devoid of conflicts of interest and the moral dilemmas which accompany them."

She proposes that the new platform for this "true fee-only" independent, objective financial planning is one that only CPAs can build - CPAs who will "seize this moment in time" and who will "adopt financial planning and take it to the professional level."

CPAs who atttain their PFS (Personal Financial Specialist) credential are already their clients' trusted advisors and are well positioned to offer true fee-only, independent and comprehensive planning.  Says Ms. Tillery, "The CPA/PFS will be more than a trusted advisor.  Rather he or she will be the professional advisor who helps their clients in all areas of their finances.  The CPA/PFS will manage their client's other advisors (attorney, investment advisor, insurance person, banker, trust officer, etc.) as well as be their advocate.  They will educate their clients and bring the knowledge, skills and tools necessary to assist them in making excellent financial decisions.  CPAs are recognized as professionals who have the highest ethics and who hold the greatest respect in the financial community."

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http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/New...

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Paraklete Financial, Inc.™ (PFI) is a nationwide "true fee-only” financial planning firm. PFI manages no assets and sells no products. PFI provides comprehensive financial planning services to individuals, businesses, estates, trusts, charities and foundations. PFI also assists CPAs around the country with the integration of comprehensive financial planning into their practices.