Meet Michael R. Acosta, CFP® (Certified Financial Planner)
GMP CPA Meet Michael R. Acosta, CFP® (Certified Financial Planner) 1 accoutant

Written by Justin Prusiensky

Sep 23, 2019

September 23, 2019

GMP CPA Meet Michael R. Acosta, CFP® (Certified Financial Planner) 2 accoutant

Michael R. Acosta, CFP®

Michael is a​n independent financial planner working under Consolidated Planning Inc.​, a financial services firm in Charlotte.

Our firm has worked with Michael and have come to rely on his expertise in ​the retirement and insurance ​planning space for our clients. If your investment advisor is not a CFP®, then it would really benefit you to have a conversation with Michael. As an introduction, Michael was game to answer these questions for us:


1. What is a “CFP®” and what do they do?  ​

A CFP® is a CERTIFIED FINANCIAL PLANNER professional that focuses on taking a holistic approach to goals-based planning. We are held to the highest level of the Fiduciary Standard, always putting our clients best interests first. This distinguishes CFP®’s from other financial planners, who are not held to a higher standard.

Michael R. Acosta

2. How does a CFP® and a CPA work together?

We are well versed in ‘tax planning’, however, we rely on our CPA partners to be the specialist in this arena. While CPA’s excel at tax strategies and accounting, CFP®s offer more depth in the retirement and insurance planning segments, complementing the CPA’s skills and vice versa. You can think of it as an architect and a general contractor. At different times we change roles in that the CPA can be the architect building your tax savings blueprint and we as the financial planner professional will be the general contractor implementing the tax saving strategy through the use of retirement vehicles (i.e., defined benefit or 401(k) plans).

Michael R. Acosta

3. What is your favorite aspect of helping small business owners? ​

My favorite aspect of helping small business owners is in providing objective guidance to help them define and implement a successful succession [exit] plan. Every business owner starts their business with the intent of exiting the business at some point in time. At that time they have three doors to walk through: (1) sell to an insider, (2) sell to an outside, or (3) take it with them to their grave. When exiting your business you should do it on your terms with a realistic expectation for how you will convert your business valuation into retirement income.

Michael R. Acosta

4. What is one thing that you wish people understood about financial planning?

​Only one? The one thing I wish people understood about financial planning is that there are several different areas to the comprehensive planning process. The most commonly known areas are retirement planning and insurance planning. These are limited scopes and neglect: tax planning, estate planning, education planning, and investment planning. Since we take a comprehensive approach, there is not anything left on the table in regards to the  business owner’s personal and business balance sheets. We provide objective analysis to ensure that as many unapparent risks are mitigated while maximizing cash flow for current needs and future retirement.

Michael R. Acosta

5. What are your long term goals? ​

My long-term goal is to continue building a successful multi-generational practice where we will be there for our clients today, their children tomorrow, and their grandchildren in the future.

Michael R. Acosta

6. Are you currently accepting clients?

Absolutely, my senior partner and I are currently taking on new clients. Between the two of us we bring over 20 years worth of experience to the relationship both as CFP®‘s. If you prefer someone with some grey hair my senior partner provides that and if you’re looking for not your father’s financial planner I am your guy!

Michael R. Acosta

7. What is the best way to contact you?

The best form of contact is either my direct line (864) 593-2520 or my email at michael.acosta@cplanning.com.

Michael R. Acosta

CATEGORIES

H. Johns
H. Johns
21:58 13 Jul 19
This firm is absolutely the best that I've dealt with when it comes to CPAs and financial advice. I'd gone to another CPA in the area for help with my small business during tax time, they stopped communicating and I was left with important documentation not filed and a lot of anxiety around what to do. My appointment with Justin was set up quickly and I was in within a couple days to sit down with him. When you first meet him, you get the impression that he's incredibly intelligent and knows what he's talking about. He took the time to guide me through each and every step that I needed to take to move forward and actually ended up saving me money. I am so grateful to him for his knowledge and professionalism. Total life saver! If you're a small business owner, you should not be taking your time, money or business anywhere else but GP CPA and their crew 🙂read more
Tina Simmons
Tina Simmons
13:38 17 May 19
This team is dedicated to their clients and committed to understanding your business and sharing their knowledge to help you succeed. I love working with these folks, they take the worry and uncertainty out of accounting and taxes!read more
Bravo4 Autowerks
Bravo4 Autowerks
12:55 08 May 19
Gary and his team have been fantastic for me and my business. They respond well to all my questions, are very helpful and of course keep my financials in order. Highly recommended.read more
Queen City Newborn Care
Queen City Newborn Care
15:57 02 Apr 19
I was drowning before I met Justin. He totally transformed how I run my small business and has gotten me organized in ways I didn't even know were possible. I am so grateful for his advice and suggestions! This company is worth every penny.read more
Dennis Bloomberg
Dennis Bloomberg
16:01 26 Mar 19
Unfortunately, I found GMP when my mother passed. She had a trust set up and I had no experience with one. I received excellent advice prior to filing taxes, that allow for the transfer of assets with little tax implication. The tax process was simple for me, Justin took over once he had details and cleared up all question from filing our taxes. Thank you for a job well done!read more
Natalie Knight
Natalie Knight
15:35 21 Nov 18
Prusiensky CPA is up to date on technology. They handcraft a platform that works best for your company's accounting services. We really appreciate how hands on and quick their team is when replaying to any type of correspondence. Simply put, they care and want your company to succeed.read more
Ashlyn Lelej
Ashlyn Lelej
14:39 21 Nov 18
I highly recommend Justin at Prusiensky, CPA for all of your accounting and tax needs. I've been a client for over two years, and have been consistently impressed with their dedication to helping my business grow and be financially successful. His advice is invaluable. Thank you!read more
Bobby Nguyen
Bobby Nguyen
22:23 20 Nov 18
My partner and I started our very first small business last year. Justin has been a blessing to us. Being new at all of this, we didn’t understand much of how business taxes work. Justin explained and answer all of questions that we have. He took care of everything for us throughout the year and have made life so much easier for us. I couldn’t have asked for a better CPA. Highly recommended!read more
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