Over the coming months, CPAs will have multiple additional opportunities to engage, including: Participation in surveys focused on early-career skills and gaps Focus groups and interviews Opportunities to review and comment on findings before they are finalized In late 2026, the AICPA and the research firm will analyze the inputs and data and begin to validate and refine emerging themes and recommendations. That will be followed by an exposure draft for public comment in 2027, with results expected to be finalized and launched in late 2027. We strongly encourage all CPAs to take part and help shape outcomes that will support the next generation of professionals. STAYING INFORMED Be on the lookout for regular updates throughout the process, including initial findings, participation opportunities, and key milestones. The AICPA welcomes ongoing dialogue as this work progresses. To get in touch with the AICPA’s team, email ProfessionReady@aicpa-cima.com. For the latest information, please scan the QR code. https://www.aicpa-cima.com/resources/ landing/profession-ready-initiative The Profession Ready Initiative represents a significant, CPA-led step toward strengthening the profession’s future. With your involvement, it will deliver insights and solutions that reflect the realities of practice and support meaningful, lasting change. GET INVOLVED! 5Visit aicpa-cima.com/professionready to learn more and take pulse surveys. 5Participate in a focus group. Email ProfessionReady@aicpa-cima.com regarding your interest. 5Review and comment on findings before they are finalized. PRIVATE BANKING: What Is It and Who Is It For? BY UNION BANK & TRUST MANY BANKS AND WEALTH management firms offer private banking, a service that caters to busy professionals and high-net-worth individuals with unique banking needs. Here’s how you can determine whether private banking fits your financial lifestyle. What is private banking? Private banking connects clients with a dedicated relationship manager who handles everything from routine transfers to complex loans. Instead of using a branch or call center, clients work directly with their private banker who understands their financial picture and provides tailored advice. This concierge approach often includes perks, such as access to specialized experts and exclusive opportunities and events. What does private banking offer? Services vary by institution but typically include: Premium checking or savings accounts with preferential rates and higher limits Highly personalized service from a team of experts that extends beyond traditional banking hours Wealth management, including investment and financial planning Fiduciary and trust services, including estate planning and tax specialists Mortgage lending for residential and vacation homes Commercial lending and treasury services for business needs Lines of credit with competitive rates or waived fees Credit card services Agricultural lending and equipment finance The most effective private banking programs integrate wealth management to go beyond transactions, helping to simplify your life while enhancing your fiscal future. Who is private banking for? While guidelines vary, this elite service is ideal for individuals with a net worth of $1 million or greater or those earning $250,000 a year or more. Private banking usually requires a minimum balance, including deposit accounts, investments, or both. Why would I want a private banker? Private banking offers a simple, seamless solution, with a key point person who coordinates a team of experts to meet your financial needs. If you value convenience, personalized guidance, and customized financial solutions, private banking could be a powerful tool for you. Learn more at www.ubt.com/personal/ wealth-management/private-banking— the team would be happy to help you determine if private banking is the right fit for you. 17 nescpa.org
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