financial personal planning

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Whether you’re a seasoned veteran looking for the latest planning issues and strategies, or a newcomer looking to break into the business, all of the information you need to provide profession- al and ethical personal financial planning services is right here. Tuesday, June 21, 2005 FAE Conference Center 19th Floor 3 Park Avenue, at 34th Street New York, NY 10016 8:20 a.m.–5:00 p.m. (Check-in begins at 8:00 a.m.) CONFERENCE Learn how to develop a financial planning practice from your tax clientele. Discover the software products currently used by leaders in the business. Benefit from sessions on health insurance and Medicare planning. Active or passive management—you decide. Learn two different approaches to investing. Luncheon Address: Marshall Loeb, Senior Correspondent and Columnist, MarketWatch from Dow Jones financial personal planning FAE foundation for accounting education This program satisfies requirements for PACE Recertification credit. Participants can earn 8 credit hours by attending. This program has been accepted by the CFP® Board for 5.5 CE credit hours.

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Transcript of financial personal planning

Whether you’re a seasoned veteran looking

for the latest planning issues and strategies,

or a newcomer looking to break into the business,

all of the information you need to provide profession-

al and ethical personal financial planning services is

right here.

Tuesday, June 21, 2005FAE Conference Center19th Floor3 Park Avenue, at 34th StreetNew York, NY 100168:20 a.m.–5:00 p.m. (Check-in begins at 8:00 a.m.)

CONFERENCE

• Learn how to develop a financial planning practice from your tax clientele.

• Discover the software products currentlyused by leaders in the business.

• Benefit from sessions on health insuranceand Medicare planning.

• Active or passive management—you decide.Learn two different approaches to investing.

Luncheon Address: Marshall Loeb, Senior Correspondent and Columnist, MarketWatch

from Dow Jones

financialpersonal

planning

FAEf o u n d a t i o n f o r a c c o u n t i n g

e d u c a t i o n

This program satisfies requirements for PACERecertification credit. Participants can earn8 credit hours by attending.

This program has been accepted by theCFP® Board for 5.5 CE credit hours.

Designed for: Practitioners in search of answers to questions regarding the“hows” and “whys” of getting into the financial planning niche; and for those whoare already financial planners and want to stay up-to-date with the latest plan-ning issues and strategies.

Objective: To enhance the participants’ ability to provide personal financial planningservices to their current clients as well as drawing new clients to their practice.

Conference Program

8:00–8:20 a.m.Check-in

8:20–8:30 a.m.Welcome and IntroductionConference CochairsWarren M. Bergstein, CPA, Principal, Adelman, Katz &Mond LLPFrank J. DeCandido, CPA, Frank DeCandido, CPAMark E. McGraw, CPA/PFS, Fagliarone Group CPAs, P.C.

8:30–9:45 a.m. Developing a Financial Planning Practice from

Your Tax Clientele by Providing Value-Added Service in Each Life-Cycle Stage

Bruce M. Milove, CPA/PFS, Partner, Access Wealth Planning, LLC

Jay G. Sanders, CPA, JaySanders, CPA

The session is designedto provide the CPA

with insight and

awareness by identifying specific client issues andneeds in each of their life-cycle tax stages, for achievingfinancial and investment goals and objectives.

9:45–10:35 a.m. Financial Planning and the Accounting Practice of the Future Irvin F. Diamond, CPA/PFS, CFP, CVA, REDW Business& Financial Resources, LLC

This session will discuss a logical process to achievemarketing success within a firm’s client list. Issues willalso include priorities, timelines, and dealing with part-ners. Highlights include:

• Assessing the firm environment• Getting partner buy-in• Marketing to the client list

10:35–10:55 a.m.Break

10:55 a.m.–12:10 p.m. Software Products Currently Used by CPA FinancialPlanners Franklin H. Federmann, MST, CPA/PFS, F.H. Federman, CPA

financialpersonal

planning

Tuesday, June 21, 2005FAE Conference Center19th Floor3 Park Avenue, at 34th StreetNew York, NY 100168:20 a.m.–5:00 p.m.(Check-in begins at 8:00 a.m.)

CONFERENCE

Program Details: Time: 8:20 a.m.–5:00 p.m. (Check-in begins at 8:00 a.m.) Conference Cochairs: Warren M. Bergstein, CPA, Principal, Adelman, Katz & Mond LLPFrank J. DeCandido, CPA, Frank DeCandido, CPAMark E. McGraw, CPA/PFS, Fagliarone Group CPAs, P.C.Sponsoring Committee: Personal Financial Planning Committee, NYSSCPASponsoring Committee Chair: Bruce M. Milove, CPA/PFS, Partner, Access Wealth Planning, LLCCourse Level: UpdatePrerequisite: Knowledge of or two or more years experience in personal financial planningMethod of Presentation: Lecture and question-and-answer sessionField of Study: Advisory ServicesRecommended CPE Credit Hours: 8

CE Credit Hours: 5.5PACE Credit Hours: 8

Developer: Foundation for Accounting EducationCourse Code: 25275611Member Fee: $295Nonmember Fee: $395

Discussion and demonstration of software productscurrently being used by CPA financial planners whileperforming financial planning assignments. Software tobe covered includes Allocation Master, Naviplan, Morn-ingstar, and Captools.

12:10–1:00 p.m.Lunch

1:00–1:50 p.m.Luncheon AddressInvesting in American Business for Fun and ProfitMarshall Loeb, Senior Correspondent and Columnist,MarketWatch from Dow Jones

1:50–2:40 p.m. Active and Passive Management: Two DifferentApproaches to Investing Michael E. Goodman, CFP, CPA/PFS, President, Wealth-stream Advisors, Inc. Joan M. Guccione, CFP, Fleetwood Asset Management Ltd.

A discussion of the pros and cons of passive and activeinvestment methodologies.

2:40–3:30 p.m.Planning for Business OwnersRobert H. Yunich, CPA/PFS, MBA, New England FinancialRobert S. Barnett, CPA, Esq., Founding Partner, Capell,Barnett & Matalon, LLP

This session is designed to enhance the CPA’s under-standing of the most relevant income, estate, and gift taxconsiderations, and of the planning techniques and op-tions that are available. Practical and alternative ap-proaches to business succession will also be addressed.

3:30–3:50 p.m.Break

3:50–4:40 p.m. Health Insurance and Medicare Planning in Con-nection with RetirementAlan D. Kahn, CPA, MBA, CLU, ChFC, President, TheAJK Financial Group

As the “Baby Boomer” generation begins to retire atyounger and younger ages, the need for health insur-ance planning intensifies. Without proper health insur-ance coverage, one major illness can decimate an oth-erwise sound financial plan. This session will focus onthe integration of health insurance options, includingplanning for long-term care, with your clients’ retire-ment plans.

4:40–5:00 p.m.Closing RemarksConference CochairsWarren M. Bergstein, CPA, Principal, Adelman, Katz &Mond LLPFrank J. DeCandido, CPA, Frank DeCandido, CPAMark E. McGraw, CPA/PFS, Fagliarone Group CPAs, P.C.

About the Committee Chair

Bruce M. Milove, CPA/PFS, NYSSCPA’s Personal Fi-nancial Planning Committee Chair, is a partner of Ac-cess Wealth Planning, LLC, a New Jersey–based finan-cial planning and asset portfolio managementcompany, where he manages the firm’s Strategic Al-liance Professional Program, designed for CPA profes-sionals that are developing a financial planning prac-tice. He is an active member in the Financial Planners

Association, the AICPA, and the NJSCPA, as well as theNYSSCPA, where he has received the Outstanding Ser-vice Award for the years 2000 and 2001 from FAE.

About the Conference Cochairs

Warren M. Bergstein, CPA, NYSSCPA’s Personal Fi-nancial Planning Conference Cochair, has extensiveexperience in tax preparation, personal financialplanning, and accounting. In addition to his associa-tion with Adelman, Katz & Mond LLP, he is an AdjunctProfessor of accounting and taxation at Long IslandUniversity. He will become President of the NYSS-CPA’s Brooklyn Chapter for 2005–2006. He writes forprofessional journals and lectures extensively beforeprofessional audiences on a variety of tax and finan-cial planning topics. He is a member of the NYSS-CPA’s Personal Financial Planning Committee, In-come of Estates and Trusts Committee, andNominating Committee. In addition, he is active inseveral other professional organizations. A pastpresident of the New York Chapter of the FinancialPlanning Association, he has served on the FPA’s Na-tional Advisory Board, as well as remaining active inthe local chapter.

Frank J. DeCandido, CPA, NYSSCPA’s Personal Finan-cial Planning Conference Cochair, is a sole practitionerspecializing in taxation in Staten Island, New York, andis registered with HD Vest Financial Services. He beganhis career as a member of the audit group at Arthur An-derson & Co. in New York and spent 18 years with ThePrudential. He graduated from Fordham University in1984 and is a member of the AICPA and the NYSSCPA.He is an active member of the NYSSCPA’s Personal Fi-nancial Planning Committee.

Mark E. McGraw, CPA/PFS, NYSSCPA’s Personal Fi-nancial Planning Conference Cochair, is a principal inthe Syracuse office of Fagliarone Group CPAs, P.C., anindependent member of the BDO Seidman Alliance.He is an active member of the NYSSCPA’s Personal Fi-nancial Planning Committee as well as the AICPA’sPersonal Financial Planning Section. He shares re-sponsibility for his firm’s taxation and financial plan-ning services, as well as serving as his firm’s Directorof Quality Control.

About the Speakers

Robert S. Barnett, CPA, Esq., a founding partner ofCapell, Barnett & Matalon, LLP, practices in theareas of trust, estate, corporate, and partnershiplaw. His experience includes business and estateplanning, Surrogates Court practice, tax dispute res-olution in both federal and state jurisdictions, andTax Court representation. He has served on manycommittees and is a frequent lecturer on numerousaspects of tax and business law. He is a member ofthe Professional Advisors Committee of the Long Is-land Community Foundation and is active on theNYSSCPA’s Estate Planning Committee. He has writ-ten ar ticles on numerous aspects of estate and taxplanning and is a frequent contributor to the NYSSC-PA’s CPA Journal. He also serves on the NassauCounty Bar Association’s Academy of Law and is theChair of the Attorney-Accountant Committee. He isadmitted to practice law in New York, Virginia, andWashington, D.C.

Irvin F. Diamond, CPA/PFS, CFP, CVA, is a pastpresident of the NMSCPA and past vice president andmember of the Board of Directors of the AICPA. He has

held board and leadership positions in numerous civicand charitable organizations, including the Santa FeOpera, the UNM Anderson Schools Foundation, andthe New Mexico Symphony Orchestra, among others.Currently, he is a member of the Board of Directors ofa publicly held insurance company, where he is chair-man of the investment committee, which oversees theinvestment of a portfolio in excess of $50 million. Inaddition to numerous academic and professionalawards, he received an award of “Highest Distinction”for receiving the highest grade on the Personal Finan-cial Specialist examination. Worth and Medical Eco-nomics magazines have named him one of the na-tion’s best financial advisors, and Money magazinerecognized him as one of the nation’s best tax advi-sors. He is frequently quoted in these and other finan-cial publications.

Franklin H. Federmann, MST, CPA/PFS, has been amember of the NYSSCPA as well as the AICPA since1969. He is currently serving as a member of theNYSSCPA’s Tax Division Oversight, Estate Planning, andPersonal Financial Planning committees. He hasserved as a member of the NYSSCPA’s Board of Direc-tors, as Chair of its Task Force for World Trade CenterVictims, and on several other Tax Division committeesand Policy Task Forces. He is a member of the Distin-guished Faculty of the Foundation for Accounting Educa-tion, is a frequent speaker on tax, strategic planning,and investment issues, as well as a regular contributorto various news media regarding financial and taxationissues.

Michael E. Goodman, CFP, CPA/PFS, is president ofWealthstream Advisors, Inc., a financial planning andinvestment advisory firm in New York City and Long Is-land. In addition to serving clients, he believes in theimportance of continuing to learn and in sharing hisknowledge and experiences with other professionalsand the general public. He writes and speaks regularlyand appears on television and in print media as a finan-cial industry resource.

Joan M. Guccione, CFP, launched Fleetwood AssetManagement Ltd., a fee-only investment advisory, lo-cated in Milford, Conn., in August 2004. Prior toforming her own firm, she served as the Chief Invest-ment Officer and Managing Director at The BJ Group,Inc., based in New York, from 1987 until the sale ofthe firm to GE Private Asset Management in 2002. Inthis capacity, she was directly responsible for over$600 million in assets. Clients included high-net-worth private investors, charitable foundations, en-dowments, and the retirement plan for a large, pub-licly traded corporation. She is a past member of theSchwab Advisory Board. She continues to be listedas one of the top professional advisors in the countryin the J.K Lasser publication New Rules For Estateand Tax Planning.

Alan D. Kahn, CPA, MBA, CLU ChFC, President of TheAJK Financial Group, specializes in working with high-net-worth individuals, CPAs, attorneys, and their clientsin the areas of retirement and estate planning, insur-ance, investments, and corporate benefits. He has writ-ten articles for The CPA Journal and is quoted regularlyin daily newspapers and magazines, including Forbesand Fortune. He has appeared as a financial advisoron CNN, CNN.fn, Fox 5 News, WABC Eyewitness News,and Bloomberg Television and Radio. He is a formerchair and current member of the NYSSCPA’s Public Re-lations Committee and its Estate Planning Committee.He is also a member of the NYSSCPA’s Tax Division

Oversight Committee, the AICPA, and the Accountants’Forum, Inc.

Marshall Loeb, 75, has been called one of the mostimportant and influential business journalists of the20th century. He has served as the chief editor ofMoney (1980–84), Fortune (1986–94), and the Colum-bia Journalism Review (1996–99). Under his leader-ship, Money became the fastest-growing magazine inAmerica, its circulation surging from 825,000 to 1.4million in less than four years. During his eight years atFortune, the magazine earned more operating profitthan in the previous 56 years of its existence and be-came the first business magazine to win the NationalMagazine Award for general excellence. He is now se-nior correspondent and columnist of MarketWatchfrom Dow Jones, one of the leading business and fi-nancial news Web sites in the nation. Marshall Loeb’sMoney Tips are published on the Web site every day,reprinted in Knight Ridder Tribune newspapers, andbroadcast across the nation. His “Week on the Street”column explores the movements of the market and thenation’s economy. He has interviewed Ronald Rea-gan, Bill Clinton, Jimmy Carter, Nelson Mandela, andMikhael Gorbachev, among other heads of state andCEOs. A frequent public speaker, primarily on the sub-jects of economy, personal finance, and leadership, hehas addressed business leaders, political figures, andstudents worldwide. He is noted for his remarkableability to correctly forecast the economy and invest-ment markets.

Jay G. Sanders, CPA, began his accounting career asan auditor for Arthur Young & Company in 1974. Afterleaving Arthur Young, he founded his own practice, spe-cializing in small business management and tax issuesrelated to closely held businesses. As his practicefocus moved into personal financial planning, heformed Maturity Planning, Inc., to house those activi-ties. He is currently an active member of the NYSS-CPA’s Personal Financial Planning and Estate Plan-ning committees. He has developed and presentedseveral financial planning courses for the Founda-tion for Accounting Education and is a frequentcontributor to The CPA Journal.

Robert H. Yunich, CPA/PFS, MBA, is associ-ated with New England Financial (a MetLifeCompany). He received his Bachelor of Artsdegree from Columbia College and his Mas-ters in Business Administration from Har-vard University. In addition to the NYSS-CPA’s Personal Financial PlanningCommittee, he is a member of theAICPA’s Personal Financial PlanningSection. He also is a member of TheNew York Chapter of The FinancialPlanning Association and the Nation-al Association of Insurance and Fi-nancial Advisors. He has conduct-ed seminars for The Foundationfor Accounting Education. For-merly a Vice President at twoNew York City–based interna-tional banking organizations,he was involved with execu-tive and employee benefitplans. In public accounting,he worked very closely withbusiness executives andowners in addressing awide range of strategicbusiness issues.

registration form

aImportant! Please use one registration form per person. This formmay be photocopied.

;;a To register, fill in the registration information in the space provided.Be sure to include your certificate number and your full payment.Mail your payment and registration form to:

;; Foundation for Accounting EducationP.O. Box 34782Newark, NJ 07189–4782 ;;;

Or Register online at www.nysscpa.org.Or fax it to: (212) 719-3365.Or phone (212) 719-8383 or (800) 537-3635.

a Credit card information must accompany all fax, phone, and online reg-istrations. Please be sure to type or print clearly when faxing.

Personal Financial Planning ConferenceTuesday, June 21, 2005FAE Conference Center19th Floor3 Park Avenue, at 34th StreetNew York, NY 10016Course Code: 25275611

Today’s Date_____________________________________________________________________________________________________________________________________Are you a CPA? ❑ Yes ❑ No Member NYSSCPA? ❑ Yes ❑ NoMembership ID No._______________________________________________________________________________________________________________________Member AICPA? ❑ Yes ❑ No Member ID No. _________________________________________________________

Name (Print)___________________________________________________________________________________________________________________________________Title (Print) ______________________________________________________________________________________________________________________________________Firm ___________________________________________________________________________________________________________________________________________________Firm Address___________________________________________________________________________________________________________________________________City ______________________________________________________________________State_____________________________Zip______________________________Telephone __________________________________________________________Fax ______________________________________________________________________E-mail________________________________________________________________________________________________________________________________________________

I am a FAE POP Pass holder. (Please present photo ID on the day of the event.)Mail registrations only: no fax, phone, or online registrations accepted.

❑ Individual POP Pass holder ( ❑ Member ❑ Nonmember )❑ Firm POP Pass holder

[ ] POP ticket(s) enclosed. POP ticket #(s)__________________________________________________________________________________________________❑ This is my first conference (no $50 surcharge).❑ This is not my first conference ($50 surcharge).· POP Pass Holders who are “no-shows” at an event will be billed $50.· All registrations accepted are subject to the POP Administrative Guidelines

covering the POP Program.

Total Amount Enclosed[ ] attendee(s) at Member Fee: $295 Total Amount: $__________________________________________[ ] attendee(s) at Nonmember Fee: $395 Total Amount: $__________________________________________

Method of Payment❑ Check payable to FAE ❑ American Express ❑ MasterCard ❑ VisaCredit Card No._________________________________________________Exp. Date___________________________________________________________Cardholder’s Name _______________________________________________________________________________________________________________________Cardholder’s Signature ________________________________________________________________________________________________________________

Registration Information

How to Register: Simply complete the attached reg-istration form in full and return it with full paymentby mail or fax. Or phone or register online atwww.nysscpa.org. Registration forms may be photo-copied, but please use a separate form for each reg-istrant. Payment may be made by check or may becharged to American Express, MasterCard, or Visa.All registrations must be received 10 days prior tothe event in order to guarantee a seat and coursematerials. Allow approximately 10 days for your re-turn confirmation. Registrants who do not receive aconfirmation card before the conference must callFAE Registration to confirm registration status. In-dividuals who have not registered before the 10-daycutoff must call to determine space availability. Ad-vance paid registrants will be seated first. For spaceavailability and registration information, call FAERegistration at (212) 719-8383 or (800) 537-3635from 8:30am to 5:30pm, Monday through Friday.Participants with special requirements should notifyFAE staff at least 10 days in advance of the event.

Refunds: No refund will be given for cancellationsreceived less than two weeks prior to the programdate. A $25 processing fee will be deducted from re-funds for cancellations received more than twoweeks prior to program date.

POP Pass Fee: Take advantage of the savings. Ifyou are a POP Pass holder, simply return the com-pleted registration form with a POP ticket fromyour ticket book. Each registrant requires a POPticket. If you are registering for a conference,please include a $50 surcharge per registrant. Reg-istrations must be received by FAE seven businessdays prior to any CPE conference or seminar. POPparticipants will not be admitted as walk-ins. Somerestrictions apply. For more information on thePOP (Pay-One-Price) Program, call FAE Registra-tion at (800) 537-3635 or visit our website atwww.nysscpa.org.

Transfers: FAE allows a registrant to transfer to an-other program or substitute another person with-out a penalty more than two weeks prior to the pro-gram date. Transfers and substitutions requestedless than two weeks prior will be charged a $25 pro-cessing fee.

Walk-ins: All individuals who register on the date ofthe program will be charged an additional $25 fee.

Program Hours: Check-in begins at 8:00 a.m.Program begins at 8:20 a.m. and ends at 5:00 p.m.

Mandatory Continuing Education Requirement:This program complies with the standards set forthby the New York State Education Department formandatory continuing education for CPAs. FAE’sNew York State CPE sponsor number is 000372.

© 2005 Foundation for Accounting Education

05-0319 Priority Code: B 5 4 3 2 1 0

l THE CHECK IS IN THE MAIL…

The Foundation for Accounting Education has a P.O. box address for all incoming registration forms and payments:

Foundation for Accounting Education

P.O. Box 34782Newark, NJ 07189-4782