Need Better Financial Advice? Here’s Why a Personal Financial Specialist Is Key in 2025
Typical fee structures include:
- Hourly rates: $200-$500 per hour
- Flat fees: $2,500-$10,000 for comprehensive plans
- Assets under management: 0.5%-1.5% annually
- Retainer fees: $1,000-$5,000 per quarter
Finding and Working With a Personal Financial Specialist in 2025
How to Find a Qualified PFS
- Search the AICPA Directory: Visit the AICPA website (aicpa.org) to access their searchable database of certified PFS professionals
- Seek Referrals: Ask for recommendations from friends, family, colleagues, or other financial professionals
- Interview Multiple Candidates: Schedule consultations with several PFS professionals to find the best fit
Verifying Credentials and Background
Before working with any financial professional:
- Confirm their PFS certification through the AICPA
- Check their CPA license status with your state board of accountancy
- Review their disciplinary history with regulatory bodies
- Request and contact client references
- Research online reviews and testimonials
Questions to Ask During Interviews
- What is your approach to financial planning?
- How do you typically work with clients?
- What is your investment philosophy?
- How are you compensated?
- What additional services do you provide beyond investment management?
- How often will we meet to review my plan?
- What types of clients do you typically serve?
