Our Qualifications:

CPA, PFS, CVA.  Here is an explanation for each designation or credential that is held by William F. McDavid, President of M&C.

CPA - Certified Public Accountant:  A CPA license is the accounting profession's highest standard of competence, a symbol of achievement and assurance of quality. An individual is licensed as a CPA, after passing all four parts of the Uniform CPA Examination, having satisfied state work experience requirement of at least one year under the supervision of a CPA, and having met educational requirements.  Individuals must also complete 80 hours of continuing education  every two years.  www.aicpa.com

PFS - Personal Financial Specialist:  A Personal Financial Specialist (PFS) designation is highly regarded in the financial planning industry requiring extensive training and experience.  PFS is a specialty credential for CPA's who are experts at helping individuals with all aspects of wealth management.  The American Institute of Certified Public Accountants (AICPA) grants the Personal Financial Specialist (PFS) credential only to certified public accountants (CPA's) with significant personal financial planning education and experience.  After obtaining the credential, Individuals must be AICPA members in good standing, maintain their CPA licensure, and complete 60 hours of continuing education every 3 years in subjects related to the PFS Body of Knowledge. www.aicpa.com

CVA - Certified Valuation Analyst:  A Certified Valuation Analyst (CVA) is a professional designation awarded by the National Association of Valuation Analysts (NACVA) to business valuation professionals who hold a business degree, have sufficient work experience in business valuation, submit business and personal references and recommendations, are members in good standing of NACVA and pass the CVA exam.  Successful individuals earn the right to use the CVA designation.  Every three years, CVA professionals must complete 36 hours of continuing professional education to continue using the designation. Business valuation is the process of determining the economic value of a business or company. www.nacva.com