BV community mourns the loss of James S. Rigby, Jr. (1946-2009)

BVWireIssue #76-3
January 21, 2009

The BVWire™ extends its deepest condolences to the many friends and family of James “Jim” Rigby, Jr., CPA/ABV, ASA, who passed away last Friday. A memorial service will be held on Saturday, January 24, 2009 at 4:00 pm at First Presbyterian Church of Hollywood. All those who would like to attend are welcome. The family has requested that in lieu of flowers, donations be made to the “Jim Rigby Memorial Fund” at:

Jim Rigby Memorial Fund
First Presbyterian Church of Hollywood
1760 North Gower Street
Hollywood, California 90028
323-606-5264

The statement below—honoring Jim’s life and contributions to the BV profession—was issued by his friend and colleague Terry Allen, CPA/ABV, ASA:

“It is with deep sadness that I inform you of the passing of Jim Rigby who has made invaluable contributions to our profession. He was an active member of the ASA, the AICPA, and IBA, as well as being a past member of the Valuation Advisory Committee of the ESOP Association and founding member and president of the Financial Consulting Group. Jim was also a frequent speaker at conferences and the author of a number of articles and books.

“Within the ASA, Jim was best known as an instructor. At the recent joint ASA/AICPA Conference in Las Vegas, he was recognized with an award as Volunteer of the Year for his hard work as the conference chair and for his work with the BV committee’s strategic planning, marketing, website, and education efforts. Jim usually worked behind the scenes, but many initiatives (such as recent BV webinars) were the result of his creative thinking and persistence in overcoming obstacles. Education was one of his passions. In addition to being an instructor, he was a BV201 course developer, facilitated the development of BV301 Valuation of Intangible Assets for Financial Reporting Purposes, and served on the BV Education Subcommittee.

“Jim was a member of the AICPA Examination Committee for the ABV Designation in 1998 when the designation was launched, and he was inducted in the AICPA Business Valuation Hall of Fame in 2000. He was also an editor of the CPA Expert and a member of the Goodwill Impairment Taskforce. 

“Although he was intensely interested in organizational issues and politics, Jim’s greatest passion was for helping and mentoring BV professionals, staff members, and other people he encountered—who became part of his vast extended family. The reason for his informal nickname of the “Pastor” in our company went far beyond the fact that his first degree was in the ministry. He was constantly seeking ways to assist others. He counseled those seeking advancement—finding them opportunities to serve in professional organizations. If you were out of work or looking for a new position, he would find a way to help you. If you were sick, dealing with an unruly child, or overwhelmed with the care of an elderly parent, he would support you with his sympathy and prayers.” Jim will be greatly missed.

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