Shambo Receives AICPA’s Personal Financial Planning Lifetime Achievement Award

James Shambo

James Shambo

James Shambo has received the AICPA’s Stanley H. Breitbard Lifetime Achievement in Personal Financial Planning Award.

Shambo, president of Lifetime Planning Concepts of Colorado Springs, Colo., was honored in part for the key role he played in launching the AICPA’s PFS (Personal Financial Specialist) credential almost 30 years ago and most recently for his major writing contribution to The CPA’s Guide to Practical Retirement Planning.

Shambo served on the executive committee of the AICPA personal financial planning division from 1990 to 1995, including as chairman from 1993 to 1995. He was the first chairman of the PFS credential committee, serving from 1989 to 1991. He also served on the Colorado Specialization Oversight Board, which created the PFS designation, and served on several AICPA PFS-related committees.

“The value of Jim’s contributions to the establishment of the PFS credential and his role in increasing the awareness of the work CPAs do in personal financial planning is incalculable,” says Jeannette Koger, the AICPA’s vice president of member specialization and credentialing. “He was literally there from the beginning and continues to make a substantial impact on the AICPA’s personal financial planning initiatives to this day.”

The criteria for the award, which was first given in 2011, include 25 years of experience in financial planning and 15 years of AICPA volunteer work in personal financial planning. Recipients must have unquestioned integrity and professionalism and exemplify the personal, ethical and professional characteristics of the model CPA advisor.