John Boyle, CFP®, EA, CTC, CEPA
“I will empower you to do better for yourself financially.”
I’m John. I help small and mid-sized business owner investors achieve their desired Retirement lifestyle with Financial Planning and Wealth Management services; I specialize in Tax Planning including for Real Estate Investors as well as Business Exit Planning especially for construction, technology, and professional services firms.
Did you know that your 401(k) plan and IRA accounts are authorized by the Internal Revenue Code (IRC) and regulated by the Internal Revenue Service (IRS)?
Did you know that correctly allocating investments among both your retirement and taxable accounts based upon the tax consequences of each asset class will significantly change your long-term accumulation outcome?
Did you know that almost all financial advice is ultimately based upon the tax laws written into the IRC?
Did you know that Certified Financial Planners (CFPs) aren’t considered designated tax professionals and aren’t legally allowed to provide written tax advice? (Refer to Treasury Department Circular No. 230, §10.2 and §10.3)
I stand uniquely positioned in the market because of the depth of my tax law knowledge. Because Financial Advisors or even Certified Financial Planners are not tax designated, and because CPAs/EAs are not designated Tax Planners (Certified Tax Coaches (CTCs)), I frequently find missed errors or missed opportunities.
There are many tax laws that require you to design and implement IRC compliant plans in advance before you may reap the reward, such as 401(k) plans, Medical Expense Reimbursement Plans, etc. The ability to design and implement these plans requires advanced working knowledge of the Internal Revenue Code’s tax laws.
I have two tax designations; I am both an Enrolled Agent (EA) and Certified Tax Coach (CTC). The EA designation provides me with the same IRS representation rights as a CPA, which got me started with bookkeeping, preparing financial reports, and preparing income tax returns. Whereas the CTC designation is very explicitly a Tax Planning designation that focuses on designing, implementing, and maintaining ProActive tax credits, deductions, strategies, and loopholes.
I’d completed the Certified Exit Planning Advisor (CEPA) designation, which provided me with a formal framework through which I help businesses increase cash flow and market value for business owners to plan for retirement and prepare to sell their business in the future.
Further, I’ve completed all of the education requirements and passed the final exam for the Certified Financial Planner (CFP) designation. But because I own and operate my own independent firm, my experience requirement is 50% greater than most CFPs; I have to perform 6,000 total direct hours of financial planning services instead of the traditional 4,000-hour requirement. I still have to complete about 500 hours before I’m allowed to tack the CFP letters on the end of my name.
Additionally, I am Series 65 Securities Licensed as a fee-based fiduciary Investment Adviser Representative as well as Life & Health Insurance Licensed.
Lastly, I had completed an Associate’s of Applied Sciences degree in Accounting from Red Rocks Community College as well as a Bachelor’s of Science degree in Business (and effectively minored in Economics) from Excelsior College.
My grandfather, Gary, has been the main influence upon my career and my life. He started out his career as an auditor with the Federal Reserve Bank of Richmond Baltimore. He regularly traveled to New York to audit their bank vaults while the U.S. was still operating on the gold standard. He ultimately retired from the Federal Reserve Bank of Richmond Baltimore as the head of human resources after more than 40 years of service.
He sparked my interest and ultimately my educational pursuits in accounting and economics, which I decided to combine and utilize for investing purposes. I started managing my personal investment portfolio of individual stocks in 2012 after spending a year of full-time research learning how to invest, which then led me to invest in options contracts full-time in 2013. I worked nights selling Kaiser Permanente Medicare health insurance from 2013-2014 while managing my portfolio full-time during market hours. My returns consistently outperformed relative to benchmarks. By a lot. I had successfully developed a process to effectively manage investment risk through securities analysis, which continues to improve along with the depth of my accounting and finance knowledge.
Then I learned about financial planning as well as disability, life, and long-term care insurance when I began working as a financial advisor in August 2014 with Prudential Financial. I even took the initiative to collect and review tax returns for financial planning purposes to help clients accumulate, manage, and protect their investments for retirement. I’ve been working double-time since 2012 to focus on building my career.
I decided to transition into private practice because Prudential Financial wasn’t a good fit for me or my clients. Their investment platform disallowed tax-efficient investing because of how it restricted portfolio construction based upon risk tolerance while ignoring account types and tax consequences. They also restricted the investment lineup to sub-par funds that performed at best to the market average but mostly underperformed. Additionally, I wasn’t allowed to subscribe to software applications that would increase my client value through improved financial planning quality and more efficient operations. After a brief stint with Voya Financial Advisors, I found that such restrictions were common industry practices so I formed my own independent Registered Investment Advisory firm in January 2017.
As I had mentioned, I began collecting and reviewing income tax returns for financial planning purposes while working for Prudential Financial. After I transitioned into private practice, I completed the Enrolled Agent (EA) designation and began to prepare income tax returns for clients. This is when the skill gap between Financial Advisors or Financial Planners and designated tax professionals became very apparent to me; designated tax professionals have far greater technical knowledge although they haven’t necessarily learned an appropriate framework to provide financial advice.
Because of expanding my financial services model to include accounting services, I ended up hiring a couple of accounting employees and began to provide a few select business owner clients with fractional CFO support. I had developed specialized accounting and finance knowledge and skill to the point of serving as CFO for several construction firms up to $19 million annual revenue. While I had gained some excellent experience, I was still working double time and was spread too thin; it detracted from my time spent on financial planning.
Through the course of that time, I had completed the Certified Tax Coach (CTC) designation which significantly increased my depth of tax law and financial planning knowledge while providing me with a framework to offer tax planning services. So I decided to let my employees go as well as most of my accounting clients in favor of finishing the Certified Exit Planning Advisor (CEPA) and Certified Financial Planner (CFP) designations in order to focus on providing financial planning and tax planning services to business owners, especially those who need help planning and preparing for the sale of their business to fund their retirement.
I passed the CFP final exam on 9/29/2020 and completed my 6,000-hours+ of financial planning experience requirement on 12/04/2020. My CFP designation was approved on 12/10/2020.