AICPA broadens scope of financial planning education, assistance for consumers: pro bono services, web-based resources.
The AICPA and five of the country's leading financial planning groups have joined forces to reach out to sponsor the Project for Financial Independence, a pro bono financial planning effort offering free financial guidance to people who cannot afford an adviser or who face an immediate or unusual financial need.
Consumers who fall into one of four categories may be eligible to receive pro bono assistance under the Project for Financial Independence: low-income individuals (as defined by the U.S. Census Bureau at www.census.gov/hhes/poverty/threshld/thresh01.html); enlisted military personnel; people who face an immediate financial crisis (e.g., a natural disaster, long-term illness, the death of a family member, job loss, etc.); or people who are struggling with significant indebtedness or recovering from bankruptcy.
In addition to the AICPA, the organizations collaborating on this project are the Financial Planning Association, Certified Financial Planner Board of Standards, National Association of Personal Financial Advisors, the Society of Financial Service Professionals, and the National Endowment for Financial Education, which organized the initial effort.
Initially, the Project for Financial Independence will work with Habitat for Humanity, Mothers Against Drunk Driving and Volunteers of America to identify people needing assistance and link them to a local volunteer...
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