PFS is likely to strengthen its capital base significantly by Initial Public Offer (IPO) of shares in current financial year.
Further, they frequently include media training classes, which can prepare CPAs for news and media opportunities that come the way of a
PFS credential holder.
The
PFS approach presents an opportunity for policymakers and researchers to reach beyond the limits of the self-sufficiency paradigm to a perspective that is simultaneously present- and future-oriented.
Also incorporated into
PFS is an Information Management Process (IMP), a task-specific, modular application that manages essential
PFS functions, including configuration and database viewing tasks, as well as the movement of data from one device to another.
In contrast to the requirements that apply to a CPA seeking the
PFS accreditation, a CPA seeking the new IT accreditation is not necessarily required to take an examination.
PFS practitioners who deal with high-net-worth clients therefore may be more familiar with the financial problems and mind-set of middle-income households than they think.
The questions on
PFS exams are presented in several different formats--objective-format questions (including multiple choice questions) and questions in a case study format.
To attain the
PFS credential, candidates must demonstrate evidence of earning 100 points across the three areas.
Finally, a candidate for the
PFS credential must have at least 250 hours of experience in PFP activities in each of the three years preceding his initial application.
This article describes the
PFS and the three other well-known PFP designations--the certified financial planner (CFP), the chartered financial consultant (ChFC) and the chartered financial analyst (CFA)--in terms of the education, experience and testing requirements for obtaining and maintaining each.
