What is a CFP®? What is an EA?

What is an Enrolled Agent?

An Enrolled Agent (EA) is a federally authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals.

Enrolled Agents advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. Enrolled Agents’ expertise in the continually changing field of taxation enables them to effectively represent taxpayers audited by the IRS.

What is a Certified Financial Planner™ Professional?

Choosing a financial planner may be one of the most important decisions you make for yourself and your loved ones. Financial planners can provide you and your family guidance over your lifetime. A planner can play a central role in helping you meet your life goals and achieve financial well-being. When selecting a financial planner, you need to feel confident that the person you choose to help you plan for your future is competent and ethical. Only those who have fulfilled the certification and renewal requirements of the CFP® board can display the CFP® marks.

In order to be certified by the CFP® board, your financial planner must submit to the rigorous CFP® Certification process that includes education, examination, experience and ethical requirements.

  • Education - CFP® professionals must develop their theoretical and practical financial planning knowledge by completing a comprehensive course of study at a college or university offering a financial planning curriculum approved by the CFP® board.
  • Examination - CFP® professionals must pass a comprehensive two-day, 10-hour CFP® Certification Examination that tests their ability to apply financial planning knowledge in an integrated format. The exam covers the financial planning process, tax planning, employee benefits and retirement planning, estate planning, investment management and insurance.
  • Experience - CFP® professionals must have three years minimum experience in the financial planning process prior to earning the right to use the CFP® certification marks. As a result, CFP® professionals possess financial counseling skills in addition to financial planning knowledge. David has over 20 years of financial counseling and planning experience.
  • Ethics – As a final step to certification, CFP® professionals agree to abide by a strict code of professional conduct, known as the CFP® Board’s Code of Ethics and Professional Responsibility that sets forth their ethical responsibilities to the public, clients and employers. The CFP® Board also performs a background check during the process, and each candidate for CFP® certification must disclose any investigations or legal proceedings related to their professional or business conduct.

Since 1985, Folino Tax and Financial Network has achieved success by adhering to high professional standards, whether it is for tax preparation or financial planning services. Our firm is dedicated to providing clients professional service that is objective and based on their individual needs.

Our “Family of Clients” at Folino Tax & Financial Network always receive competent, ethical and personal attention. Our goal in providing you a full-service firm is to make every part of your financial planning experience complete and professional.