Designations

My Designations

Miguel Palma, Owner/Founder – Palma Financial Services, Inc.

Miguel Palma is a Certified Public Accountant (CPA) in the Dublin and San Jose area and a voting member of the American Institute of Certified Public Accountants (AICPA).He has spent years honing his craft and has undergone several specialty training programs to further his understanding of personal finance attaining both the Personal Financial Specialist (PFS) and Chartered Global Management Accountant (CGMA) designations.

Why is AICPA Membership Important?

The AICPA is the world’s largest member association representing the accounting profession, with more than 400,000 members in 145 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. If you need an accountant or financial advisor, choosing an AICPA member like Miguel Palma assures you a high-quality representative who will make your money work hard for you.

What PFS Means

The PFS designation is a mark of distinction among CPA’s. The designation can only be obtained by members who:

  • Are AICPA members in good standing and who have agreed to comply with continuing professional education and reaccreditation requirements.
  • Have at least three years of documented personal financial planning experience.
  • Show special competence by passing a comprehensive two-and-one-half day financial planning examination.

A PFS has a demonstrated ability to guide you in through the maze of complex financial decisions your need to make to ensure you are financially healthy in every stage of your life. That might mean starting a comprehensive college fund for your youngster or adding a life insurance policy to ensure your family is provided for in the event of your passing.

CPAs have been an integral part of business and personal planning for the past 100 years. A PFS is a relatively new designation that separates the average CPA from the highly trained personal financial specialist – the pro that can navigate the complex relationships in the industry and set you up for the most return on your investments. Miguel Palma is one of these individuals.

The CGMA Designation

A CGMA is a designation that indicates a CPA is on the front lines of business accounting and has the insights and experience to help a business make strong strategic decisions. A CGMA like Miguel will be able to do all of the following for your business:

  • Help develop a comprehensive business strategy
  • Provide protection for all corporate assets
  • Support the management of risk and uncertainty on all levels
  • Handle communications with all key stakeholders
  • Help manage internal and external financial relationships
  • And will make sound investment choices with the future of your business in mind

A CGMA is more than a number cruncher. He is a professional that uses clear vision to connect the dots and show how certain maneuvers will generate value for a business while others may not. He will provide a clear and concise breakdown of the costs, risks and income generated by suggested financial opportunities. A CGMA is uniquely trained to monitor and oversee all performance and focus on the future prospects of the business by distilling a large amount of information into easily understandable, bite-sized chunks.

Miguel Palma holds all of these designations, making him one of the most comprehensively trained and knowledgeable CPAs in the Dublin and San Jose area.