James F. Eaton, III, CPA/PFS, MBA
Designation certifies advanced education, training and experience in financial planning.
James F. Eaton, III,a CPA financial planner with KatzAboschin 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. Eatonmust 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.
Founded in 1969, KatzAbosch is one of the largest CPA and business consulting services in the Mid-Atlantic region. As a Maryland accounting firm, our mission is to provide the highest quality accounting, tax, financial and management consulting services to our regional clients. We understand the needs and challenges of our clients and we have made it our obligation to create, grow and protect asset value. KatzAbosch is consistently named a Best Accounting Firm to Work For in Accounting Today and as one of the Top Workplaces in The Baltimore Sun. Our firm is also ranked among the Top 15 Largest Accounting Firms in the Baltimore Area by the Baltimore Business Journal.
About the AICPA
The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 400,000 members in 145 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.
The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management Accountant (CGMA) designation which sets a new standard for global recognition of management accounting.