PRESS RELEASE PRESS RELEASE PRESS RELEASE PRESS RELEASE
*** FOR IMMEDIATE RELEASE ***
FOR MORE INFORMATION, CONTACT: George E. Barrett, CPA 856.667.4100
| Cherry Hill, NJ..................November 20, 2001 |
Page 1 of 1 |
LOCAL CPA EARNS PERSONAL FINANCIAL SPECIALIST DESIGNATION
Alloy, Silverstein, Shapiro, Adams, Mulford, Cicalese, Wilson & Co., Cherry Hill, NJ, the 20th largest accounting firm with offices in the Philadelphia area, is pleased to announce that Vice President Reynold P. Cicalese, a Medford, NJ resident and 1978 graduate of Rutgers-University Camden, 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, more than 3,000 CPAs hold this designation.
Cicalese met six requirements to earn the designation, including passing a technical exam covering the five functional areas of personal financial planning: personal income tax planning, risk management and insurance planning, investment planning, retirement planning and estate planning. In addition, he completed 250 hours of experience per year for three years. All PFS candidates must also hold a valid CPA certificate and be an AICPA member in good standing.
"Given their formal education and technical training in the areas of accountancy, taxation and general business, CPAs are the most qualified, knowledgeable and objective financial planning professionals," says Laurence Foster, chairman of the AICPA's Personal Financial Credential & Exam Committee of the Personal Financial Planning (PFP) Division and himself a PFS. "Supplementing this background with the PFS designation demonstrates a CPA's commitment to providing consumers the highest level of financial planning services."
CPAs who have earned the PFS designation must be reaccredited every three years to maintain the credential.
The PFS program is administered by the PFP Division, which was formed in 1986 to assist CPAs in the growing practice of personal financial planning. With more than 8,000 members, the PFP Division provides members with the information and support necessary to maintain professional competence and experience in the area of personal financial planning.
The AICPA is the national professional association of CPAs with more than 330,000 members in public practice, industry, government and education.
Alloy, Silverstein, Shapiro, Adams, Mulford, Cicalese, Wilson & Co. provides a wide range of services including accounting, auditing, tax planning and preparation, management consulting, financial and estate planning, business valuations, litigation support, ElderCare, payroll processing and information technology consulting.
For more information, contact:
George E. Barrett, CPA
Alloy, Silverstein, Shapiro, Adams, Mulford, Cicalese, Wilson & Co.
900 Kings Highway North
Cherry Hill, NJ 08034
(856) 667-4100 extension 161
E-mail: GBarrett@alloysilverstein.com
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