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Essentials of Personal Financial Planning
Personal Financial Planning
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Essentials of Personal Financial Planning

Essentials of Personal Financial Planning guide is a great resource for financial planners to help their clients take a more holistic approach to their finances and put together a game plan for their future.

$130.50 - $185
Do you have an AICPA membership? Log in to apply your member discount.

Format

Paperback

Author(s)

Tom Tillery, Susan M. Tillery

Product Details

The bewildering array of financial choices facing people, and the hectic pace of life today, make financial decisions more difficult than ever. The prospect of living longer, the uncertainty of investment returns, and the changing economy are just a few of the factors that need to be considered. Financial planners can use the information in this publication to help their clients take a more holistic approach to their finances and together develop a game plan for their future.

Personal financial planning is a process, a series of purposeful and deliberate steps taken to achieve a personal financial plan for an individual or a family. In all, there are seven steps in the PFP process that are discussed in the book. The following four are required:

  1. Engage
  2. Discover
  3. Analyze
  4. Recommend

There are three main actions in the PFP process:

  1. Identify the client’s personal financial goals and resources.
  2. Design financial strategies.
  3. Make personalized recommendations that, when implemented, assist the client in achieving these goals.

This book discusses and encourages planners to take a holistic approach to life planning, a process that places the client and the client’s desires, dreams, and goals above the financial plan.

PFP services include the following:

  • Cash flow planning
  • Charitable planning
  • Education planning
  • Elder planning
  • Estate, gift, and wealth transfer planning
  • Investment planning
  • Retirement planning
  • Risk management and insurance planning
  • Tax planning

The first part of this book provides robust foundational concepts for all areas that must be covered before application concepts are discussed. These include the following:

  • The personal financial planning process, concepts, and regulatory environment
  • Professional responsibilities of a CPA personal financial planner and the requirements of the Statement on Standards in Personal Financial Planning Services
  • Time value of money concepts
  • Fundamentals of financial planning and estate planning

The second part of this book builds on the foundational concepts to provide a deeper understanding of the PFP body of knowledge and its application, with an emphasis on income tax planning and other PFP topics, including:

  • Estate and charitable planning
  • Risk management and insurance planning
  • Investment planning
  • Employee benefits planning
  • Executive compensation planning
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
Paperback
$185.00
AICPA Members
Paperback
$145.00
Tax Section Members
Paperback
$130.50
PFS Credential Holders
Paperback
$130.50

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About the author(s)
Tom Tillery
MA Ed, MSFS, CFP®, CLU®, ChFC®, LUTCF, CRPC®
"Thomas Neal Tillery, CFP®, AEP®, CLU®, ChFC®, CRPC®, LUTCF is Vice President and Chief Compliance Officer of Paraklete® Financial, Inc. Paraklete® provides integrated fee-for-service financial planning without asset management or product sales. The firm acts as An Advocate in Financial Services® for its clients with a disciplined focus on independence and objectivity. Tom is also a co-founder and Vice President of Financial Planning Advocate, LLC, a provider of continuing education for CPAs, financial advisers, universities and colleges. Tom earned a M.S. in Financial Services from The American College and an M.A. in Education from The Southern Baptist Theological Seminary. He is an active member of AICPA (Non-CPA Associate), the Atlanta Estate Planning Council and the Society of Financial Service Professionals. He also serves on the Board for The National Center for Stewardship and Generosity. With more than 30 years of experience in personal financial planning, Tom is a frequent speaker and writer on all topics relating to personal financial planning. He has written personal financial planning curriculum for several universities and on-line providers. Tom has been a provider of Continuing Education for attorneys, CPAs, and investment and insurance professionals for over 30 years. Tom and his family reside in Kennesaw, Georgia."
Susan M. Tillery
CPA/PFS, CFP®
"Susan M. Tillery, CPA/PFS, is President & CEO of Paraklete® Financial Inc. Paraklete® provides integrated fee-for-service financial planning without asset management or product sales. The firm acts as An Advocate in Financial Services® for its clients with a disciplined focus on independence and objectivity. Susan also is a co-founder and president of Financial Planning Advocate LLC, a provider of continuing education for CPAs, financial advisers, universities and colleges. Ms. Tillery’s experience at Harris myCFO, a multi-family office where she was responsible for the development and delivery of comprehensive family office solutions to affluent families, together with her work at Arthur Andersen, Ronald Blue & Co and other financial firms, provides the framework for Paraklete. Susan earned both her bachelor’s and master’s degrees in accounting from the University of Georgia. Susan is a member of the American Institute of CPAs (AICPA) and the Georgia Society of CPAs (GSCPA). In addition, she is chair of the AICPA Personal Financial Planning Credential Committee. Susan also serves on the Board for The National Center for Stewardship and Generosity. Susan has over 30 years of experience in tax, philanthropy and financial planning, as well as in the administrative and compliance areas encountered by affluent individuals and families. Ms. Tillery speaks on the topics of: Financial Planning, CPAs and Financial Planning, Financial Issues Facing Women, Responsibilities of Wealth, Charitable Giving and Stewardship."
Essentials of Personal Financial Planning
Paperback
$185.00
Price before sales tax/shipping
$185.00
Do you have an AICPA membership? 
Log in to apply your member discount.

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