Saginaw, MI: Yeo & Yeo is pleased to announce that Eric Sowatsky, CPA, CGMA, NSSA®, has earned the Personal Financial Specialist (PFS) designation from the American Institute of Certified Public Accountants.
The PFS credential is awarded to CPAs with extensive training and experience in financial planning. To earn the credential through the experience pathway, CPAs must have at least 105 hours of personal financial planning education and 7,500 hours of planning experience within the previous seven-year period. They also must pass a comprehensive exam covering eleven topic areas and be a member in good standing with the AICPA, binding them to the AICPA Code of Professional Conduct and the Statement on Standards in Personal Financial Planning Services. This designation allows Sowatsky to serve as Investment Advisor Representative (IAR) with Yeo & Yeo Wealth Management and Avantax®.
Eric Sowatsky is a tax principal based in Yeo & Yeo’s Saginaw office and leads the Saginaw office’s tax department. He is the Agribusiness Services Group leader and a member of the firm’s Tax Services Group. Sowatsky specializes in business consulting, internal control reviews, financial reporting, and tax planning for a broad range of clients, with an emphasis on agribusiness and family-owned businesses. He has extensive experience with the tax and financial challenges business owners face. Sowatsky is a member of the Michigan Agribusiness Association’s Grain Committee and the Farm Financial Standards Council. He is a regular contributor on the WSGW Farm Service 790 radio show. In the community, he is the past treasurer of Bethlehem Lutheran Church and coaches the soccer and basketball teams at Bethlehem Lutheran School. He joined Yeo & Yeo in 2004.
In speaking on the significance of earning the PFS credential, Sowatsky said, “The extensive training and experience in financial planning have allowed me to offer a more holistic approach to tax and financial challenges faced by businesses and individuals. It’s immensely rewarding to combine my tax expertise with comprehensive financial strategies, empowering our clients to make informed decisions.”
Peter J. Bender, CPA, CFP®, leader of Yeo & Yeo Wealth Management, said, “The PFS designation reinforces Yeo & Yeo’s commitment to delivering expert financial guidance, and I am confident that Eric will continue to excel in his role as a trusted advisor, helping our clients achieve their financial goals with confidence.”
About Yeo & Yeo Wealth Management
Yeo & Yeo Wealth Management (www.yeoandyeo.com) helps businesses and individuals with their wealth management and investment strategies. Working closely with Avantax®, a national wealth management company, Yeo & Yeo Wealth Management delivers a holistic approach that connects financial planning, tax strategies and insurance solutions. Wealth management services are offered in Yeo & Yeo’s offices throughout Michigan.
Avantax WM HoldingsSM is the holding company for the group of companies providing financial services under the Avantax® name. Investment advisory services are offered through Avantax Planning PartnersSM. Commission-based securities products are offered through Avantax Investment ServicesSM, Member FINRA, SIPC. Insurance services offered through licensed agents of Avantax Planning Partners. 3200 Olympus Blvd., Suite 100, Dallas, TX 75019. The Avantax entities are independent of and unrelated to Yeo & Yeo Wealth Management. Although Avantax does not provide or supervise tax or accounting services, our Financial Professionals may offer these services through their independent outside business. Not all Financial Professionals are licensed to offer all products or services. Financial planning and investment advisory services require separate licenses.