David J. Scafa, CPA, PFS
Dave is a Certified Public Accountant and Senior Wealth Advisor that brings more than 30 years of experience in the financial services industry. Dave has a diversified career that allows him to serve his current clients in the most impactful way possible. During his time with the New York City Comptroller's Office, he oversaw Generally Accepted Accounting Principles (GAAP) audits of the City’s five major retirement systems and was also responsible for the accounting of the City’s $70+ billion pension portfolio. Through this experience, Dave obtained knowledge about managing investment portfolios, and the same time-tested strategies of managing a large public pension fund portfolio are incorporated into our clients’ portfolios today.
In 1990, Dave was promoted to Deputy Chief Accountant of New York City. Here, he broadened his responsibilities to include the City’s accounting and issuance of their Comprehensive Annual Financial Report. In 1996 Dave realized his goal of managing his own CPA practice. Aware that no advisor understood clients’ fiscal goals and dreams better than their CPA, Dave added financial services to his practice in 1999.
With a growing CPA and financial services practice, Dave and his wife, Liz, merged their businesses in 2004. They now offer a full range of financial services at Scafa Financial Services, LLC. They pride themselves on a commitment to excellence each day and the faith and trust their clients place in them. Dave is a graduate of Baruch College of the City University of New York. He is insurance licensed in life, accident and health, variable annuities, and variable life, holds the Series 7 and 63 securities licenses, and is an investment advisor representative.
Dave is a member of the New York State Society of Certified Public Accountants, the American Institute of Certified Public Accountants and the Mercer County Estate Planning Council. Dave and Liz live in central New Jersey. They are the proud parents of Stephanie, who resides in Washington, D.C., and Christine, who resides in Jersey City, NJ.