Highlights of the May 1 issue:
  • What to know from the ASA Fair Value Conference
  • Court’s valuation is out of bounds
  • What has been your experience with college recruiting?
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Be the first to know about changes affecting the business valuation profession. The BVWire ezine brings you current news every Wednesday. From the buzz of the latest professional conference or the best new financial research resources, to the impact of last week's tax case or to this week's IRS, FASB or Appraisal Foundation announcement, BVWire guarantees you won't miss a thing. It's free, it's fast to read, and it contains everything you need to know about the evolving business valuation profession.

The Appraisal Foundation seeks ASB and AQB board members

Many valuation experts give back to the profession by serving on various boards and committees.

Today! Free AICPA event on portfolio valuations

Today, June 28, the AICPA will debut the first in what will be a recurring event: the Portfolio Valuation Forum.

Global BV News: In Canada, attorneys seek ‘schedules only’ valuations

Apparently to save time and money, attorneys in Canada are asking for just the schedules a valuer prepares, not a report, according to speakers at the recent CBV Connect 2023, hosted by the CBV Institute, Canada’s valuation professional organization (VPO) and standard-setter.

BV movers . . .

Marc Bello, CPA/ABV, CVA, MAFF, MST, has joined Willamette Management Associates as a managing director and will head up the firm’s new Boston office (its fourth).

CPE events

Business Valuation Through an ESG Lens, July 13, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Nene G Gianfala (Chaffe & Associates) and Vanessa Brown Claiborne (Chaffe & Associates). CPE credits: 2.0.

Musk prevails in lawsuit claiming he meddled in SolarCity deal

In a unanimous 106-page opinion, the Delaware Supreme Court has upheld the Delaware Chancery Court’s judgment in favor of Elon Musk in a case involving Tesla’s acquisition of SolarCity in 2016.

Mercer examines the future of the BV profession

Essential reading for anyone connected to the business valuation profession is a new white paper from veteran valuer Chris Mercer (Mercer Capital).

Kroll lowers recommended ERP to 5.5%

Kroll has decreased its recommended U.S. equity risk premium (ERP) from 6.0% to 5.5% when developing USD-denominated discount rates as of June 8, 2023.

Borrowman gives BV recruiting insights on AICPA podcast

After over 25 years of recruiting talent exclusively in the business valuation profession, John Borrowman (Borrowman Baker LLC) revealed recent trends and what the profession can do to lure more young people into the fold.

Mark your calendar for June 27! CMS talks Stark FMV

Next week, you will have a rare chance to hear directly from a regulator, a Centers for Medicare & Medicaid Services (CMS) official, who will discuss the new definitions of fair market value (FMV) under the updated regulations for the Stark Law (the federal physician self-referral law) on a free June 27 podcast.

Next week is the deadline for BVR’s benchmarking survey

June 30 is the deadline to participate in BVR’s 15-year effort to help understand what makes a good BV practice a great one.

Global BV News: New edition of Valuation and Common Sense by Fernandez

The eighth edition of Valuation and Common Sense by Professor Pablo Fernandez (IESE Business School, University of Navarra) is now available—and it’s free if you click here.

BV movers . . .

John Swiatkowski has joined Valuation Research Corp. (VRC) as senior vice president in the firm’s Boston office.

CPE events

Business Valuation Through an ESG Lens, July 13, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Nene G Gianfala (Chaffe & Associates) and Vanessa Brown Claiborne (Chaffe & Associates). CPE credits: 2.0.

IVSC’s Talbot to give keynote at ASA annual conference

BVWire is looking forward to hearing about how Nick Talbot got through a few near-death experiences, including being on Mount Everest for the two worst natural disasters in history.

New case on qualifying for Subchapter V in bankruptcy

In 2020, the Small Business Reorganization Act (SBRA) added Subchapter V to Chapter 11 of the Bankruptcy Act, which changes or eliminates some of the Chapter 11 requirements, making it more debtor-friendly.

Hitchner comments on new Pepperdine report

The 2023 Private Capital Markets Report has a “plethora of good information,” says Jim Hitchner (Financial Valuation Advisors) in the May issue of Hardball With Hitchner.

New AICPA event on portfolio valuations

On June 28, the AICPA will debut the first in what will be a recurring event: the Portfolio Valuation Forum.

Deadline looms for BVR’s benchmarking effort

June 30 is the deadline to participate in BVR’s 15-year effort to help understand what makes a good BV practice a great one.

Global BV News: Calculation reports are very popular in Canada

BVWire attended last week’s CBV Connect conference, and one session discussed the three levels of valuation reports Canadian valuation standards identified: comprehensive, estimate, and calculation.

Free webinar series from the IVSC and Kroll continues through June 15

Kroll is sponsoring a series of webinars presented by the International Valuation Standards Council (IVSC), and the last one will be tomorrow, June 15 (past recordings available).

BV movers . . .

Tyler Stone has joined Valuation Research Corp. (VRC) as vice president in the firm’s San Francisco office.

CPE events

Patent Infringement Damages: Lost Profits and Royalties, June 14, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Richard F. Bero (The BERO Group) and Yimeng Dou (Kirkland & Ellis). CPE credits: 2.0.

Faulty information slices personal goodwill in two

In a Utah divorce case, both the joint valuation expert and the expert the husband engaged agreed to the amount of personal goodwill in the husband’s consulting business.

Solid advice on BV career development

A common thread that wove its way through last week’s ASA conference on appraisal career development was the advice to specialize.

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