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CONTINUING EDUCATION FOR PERSONAL FINANCIAL SPECIALIST (PFS)

The AICPA’s Personal Financial Specialist (PFS) credential is granted exclusively to CPAs with the powerful combination of extensive tax expertise and comprehensive knowledge of financial planning. This knowledge is critical for obtaining the most valuable, objective advice possible. All areas of personal financial planning — including estate, retirement, investments and insurance — have tax implications, and only CPA/PFS professionals have the experience, ethics and expertise to get the job done right.

MY-CPE LLC is approved by NASBA and it offers Continuing Professional Development (CPD) courses for Personal Financial Specialist (PFS). We are focused on providing quality continuing education to Personal Financial Specialist (PFS) content that incorporates the qualified subject areas. Our NASBA-approved CPD courses are authored/reviewed by industry specialists and subject matter experts.  All our courses are designed in a way to ensure that courses meet your continuing education requirements.

PERSONAL FINANCIAL SPECIALIST (PFS) CPD REQUIREMENT OVERVIEW

CPD Requirements
20 hours of Continuing Professional Development (CPD) every year
License Renewal Period
Credential renewal occurs in July of each year.
CE Reporting Cycle
From January 1st to December 31st Every year
Ethics Requirement
No Ethics requirement
Carry Over Credits
PFS Credential Holders cannot carry forward excess credits to the next reporting cycle.


All Personal Financial Specialist (PFS) are required to complete 20 hours of CPD annually within the credential body of knowledge. Many of our programs in Live and Self-Study are approved for continuing education for Personal Financial Specialist (PFS). Here are myCPE Package for Personal Financial Specialist that meet all of your annual continuing education requirements in one go.

There is no Ethics requirement for Personal Financial Specialist (PFS).

The Personal Financial Specialist (PFS) license renewal period ends in July each year.

CE reporting cycle is from January 1st to December 31st Every year. Credential holders must meet the recertification requirements in the calendar year prior to renewal.

Here is a link to the PFS website to access FAQs on CPD Requirement and Regulations for Personal Financial Specialist (PFS).

Following are the qualifying subject areas:

  1. Personal Financial Planning Process
  2. Professional Responsibilities and Legislative and Regulatory Environment
  3. Fundamental Financial Planning Concepts
  4. Estate Planning
  5. Charitable Planning
  6. Risk Management Planning
  7. Employee and Business-Owner Planning
  8. Investment Planning
  9. Retirement and Financial Independence Planning
  10. Elder, Special Needs and Chronic Illness Planning
  11. Education Planning
  12. Special Situations

myCPE Packages for Personal Financial Specialist (PFS) meets all the CPD requirements of Personal Financial Specialist (PFS) as per AICPA guidelines.

No, there are no minimum CE requirements in a particular subject area.

Qualifying activities are:

  • Structured learning activities approved by NASBA or a legally constituted state authority, or other professional body; or unstructured learning activities as outlined by the AICPA
  • Unstructured learning activities may constitute up to 50% (10 hours annually) of a credential holder’s CPD to meet credential renewal requirements

Annual Membership dues are based on your role, industry and work status. When you join as a new member, your billing cycle will be prorated based on the month you joined. Membership year runs Aug. 1 through July 31.  

Renewal payments are due each year by July 31 and the first renewal notice is sent in June. If you joined in May, June or July, your first renewal invoice will be sent the following year. An enrollment fee of $65 applies for new members.

You can visit this link for more information.

Personal Financial Specialist (PFS) can complete 100% of the total required CE credits hours via self-study courses. i.e., Personal Financial Specialist (PFS) can complete all 20 hours via self-study courses from NASBA approved CE sponsors as myCPE is approved by NASBA (Sponsor id 143597). Our PFS Packages are 100% compliant with that requirement.

Yes, the Short video (Nano learning) method is approved for the CPD requirements of Personal Financial Specialist (PFS). AICPA accepts NASBA-sponsored CPE.

No, Personal Financial Specialist (PFS) cannot carry over excess credit earned in a particular renewal cycle.

Members need to attest that if these requirements are not satisfied, the credential will be rescinded and the reinstatement requirements must be met to regain the credential.

For further information please CLICK HERE.

If the credential holder is newly credentialed, CPD does not need to be completed until the year following receipt of the credential.

myCPE provides courses that are approved for continuing education credits by NASBA. Based on the guidelines issued by these boards regarding Continuing Education Requirements, we recommend the programs/ webinars to be suitable for NASBA specified in each webinar. However, it will be the responsibility of each attendee to ensure that they are eligible for the Continuing Education Credits based on their occupation/ job profile, knowledge requirement as well as guidelines laid down by their regulatory board before registering for the webinars.

CLICK HERE to view the AICPA website for CPD requirements for Personal Financial Specialist (PFS).

myCPE APPROVALS

Approved By
National Association of State Boards of Accountancy (NASBA) 143597
Internal Revenue Service (IRS) GEHNZ
California Tax Education Council (CTEC) 6273
Certified Financial Planner Board (CFP) 8061
Society for Human Resource Management (SHRM) RP5359
Human Resource Certification Institute (HRCI) 714694
FP Canada CE17222
American Payroll Association (APA) 372961
Texas State Board of Public Accountancy (TSBPA) 010556
Illinois Department of Financial & Professional Regulation (IDFPR) 158002756
New York State Board of Public Accountancy (NYSPA) 002976
Association of Certified Fraud Examiners (ACFE) Approved
National Association of Certified Valuators and Analysts (NACVA) Approved
Institute of Finance and Management (IOFM) Approved
Society of Trust and Estate Practitioners (STEP) Approved
Certified Senior Advisor (CSA) Approved

Packages

premium

20

CPD

$199

premium

30

CPE

$209

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