The answer is a definite “yes,” and the key factor will be the willingness of the new generation of practitioners to give back to the profession. The future of the valuation profession depends on contributions practitioners make to the advancement of the profession, says a panel of seasoned experts on a BVR webinar. Giving back includes volunteering on committees at their respective organizations, contributing articles, writing books, and conducting conference sessions and webinars.
Get involved: The panel noted that, whether it be the ASA, AICPA, NACVA, or whatever organization you belong to, there are opportunities to contribute. All of the organizations have made efforts to attract young talent to serve on committees and contribute to education and marketing activities. Another way of fostering future leaders is through writing and speaking opportunities. For example, the panel noted that the upcoming new edition of Shannon Pratt’s classic text Valuing a Business will have seasoned experts and young rising stars co-writing chapters.
The panel, moderated by Jay E. Fishman (Financial Research Associates), consisted of Michelle F. Gallagher (Adamy Valuation), Ken Pia (Marcum), and Jeffrey S. Tarbell (Houlihan Lokey). The webinar was the first in a new series of “power panel” programs that bring together highly experienced thought leaders in the profession to address current issues via questions from the audience. The next episode will be on April 6—click here for details.