BVR's Advanced Series on Discounts for Lack of Marketability: Part 2 How to Quantify and Support Your DLOM using Rates of Return
Date: Thursday, January 17, 2013
Time: 10:00am-11:40am PT / 1:00pm-2:40pm ET Format: A BVR Webinar
Earn 2 CPE credits Add this event to your calendar
Register for this program:
*Training Packs include: a complete recording and transcript with all presentation and reading materials delivered via an electronic download
Please note: CPE credit is not available through Training Packs
More information is available below
Identifying, quantifying, and defending discounts for lack of marketability (DLOMs) has, is, and will remain a ubiquitous challenge in the business appraisal process. In this webinar, part 2 of BVR's Advanced Webinar Series on Discounts for Lack of Marketability, expert appraiser Bruce Johnson explains how evidence gathered from rates of return can be utilized to arrive at a sound and defensible DLOM. Through an examination of relevant case law, available resources, and case studies Johnson will how this method may be preferable to others available to appraisers.
Agenda
Overview
What is a Discount for Lack of Marketability?
The Basics
What causes DLOMs in third party transactions
Court Cases and Quotes
Examination of Historical Studies
Restricted Stock Studies
IPO Studies
Methodology to Use Rates of Return to Determine the DLOM
Studies Supporting Incremental Increase
Public vs. Private Equity Returns
Restricted Stock Returns
Long Term vs. Short Term Bonds
Case Study
Conclusion
Learning Objectives
Learn how to harness empirical evidence to quantify a discount for lack of marketability
Understand how courts have viewed the techniques used in this webinar and how appraisers can best prepare their DLOM determinations
Understand the quantitative and qualitative strengths of historical studies
Understand where professional thinking currently stands on marketability discounts and what larger trends this may highlight
Single Connection Policy
Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.
Multi-User CPE Policy
Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must pay a processing fee assessed at the completion of the online CE survey for this course.
CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).
Get Unlimited Access to BVR's Webinar Calendar Get unlimited access to BVR's webinars all year long with the Training Passport/Training Passport Pro. These easy training solutions provide 12 months of unparalleled access to BVR's webinars, past and future: hear from the top minds in the profession, develop your professional abilities, and earn CPE credits with ease and convenience.
Training Passport/Training Passport Pro subscribers receive:
Automatic registration to all qualified webinars and training events on BVR's training calendar (up to 50 per year). For each event BVR will send login instructions automatically. All you have to do is show up.
Monthly emails highlighting what's ahead on our training calendar so you can better plan your professional development.
Access to the Desktop Learning Center, our multimedia library of all past BVR webinars and live events. This comprehensive database includes hundreds of titles dating back to 2002 from some of the best minds in the profession.
CPE Credits for Unlimited Listeners Have as many eyes and ears take advantage of your registered connection as possible: CE credit is available for an unlimited number of listeners to any registered line. To add listeners for CE credit, please complete the Additional Listener form included on your webinar dial-in instruction email. We'll send dial-in instructions one to two days before our program, and will provide information directly to those listeners you identify approximately one hour before our program.
CPE Information
Prerequisites: Knowledge of Business Valuation Program Level: Advanced Preparation Required: None Delivery Method: Group Internet-Based Recommended CPE: 2 Credit Hours (Specialized Knowledge & Applications)
Business Valuation Resources, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All BVR training events are eligible for continuing education credits from the Exit Planning Institute's Certified Exit Planning Advisor (CEPA) program. Credits are based on a 50-minute hour. Final acceptance is at the discretion of the Exit Planning Institute.
BVR's Training Packs are an indispensable addition to any valuation reference library, or the perfect alternative when you cannot attend the session live.
Each Training Pack is delivered approximately 2-4 weeks after the program has aired, and includes:
Video file (MP4)
Audio file (MP3
Transcript of the presentation
A copy of the presentation slides
A copy of the reading materials, visual aids, and handouts
Please note, CPE is not available with Training Packs.
BVR's Advanced Series on DLOMs
A Review of DLOM Volatility and Option Models Part 4 of BVR's Advanced Series on Discounts for Lack of Marketability
Thursday, January 31, 2013, 10:00-11:40am PT / 1:00-2:40pm ET
Featuring: John J. Stockdale
BVR's Satisfaction Guarantee:
Business Valuation Resources offers a 100% money-back guarantee. If you are not completely satisfied with your conference experience, or have any concerns or complaints, you may contact Business Valuation Resources at (503) 291-7963, cs@bvresources.com or mail to BVR, LLC, 1000 SW Broadway, Suite 1200, Portland, OR 97205.