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.

Free e-book: home care medical director compensation

Based on national market data from several independent third-party surveys, the median hourly rate for home care and hospice medical direction ranges from $115 to $150, according to a free e-book from Buckhead FMV.

Global BV News: CFA Institute issues Kroll’s global cost of capital 2022 summary edition

The CFA Institute Research Foundation has put out the “Valuation Handbook—International Guide to Cost of Capital 2022 Summary Edition” from Kroll.

BV movers . . .

The National Association of Certified Valuators and Analysts (NACVA) has named its outstanding members for the first quarter of 2023.

CPE events

Multidisciplinary Blind Spots #5—Time, March 22, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Dennis A. Webb (Primus Valuations). CPE credits: 2.0.

Court do-over to figure passive appreciation for divorce

In an Ohio divorce case, the trial court made an award to the wife based on the full fair market value of the husband’s business.

Reilly examines key Tax Court case on reasonable comp

Nationally known valuation expert Robert Reilly (Willamette Management Associates) has done a comprehensive 17-page article on the Hood case—a Tax Court case with some important and practical guidance on determining reasonable compensation.

Size effect is hibernating, per new paper

The size premium is more significantly related to monetary policy than to firm quality or to business cycle troughs, according to a new paper.

Tell job candidates a story

The search for BV talent has never been more challenging, so anything that can help land a good candidate is very welcome. In his latest newsletter, John Borrowman (Borrowman Baker LLC), a recruiter who has worked exclusively in the BV profession for over 20 years, advises interviewers to tell candidates a story about the kind of workplace they have.

Low-cost alternative for public-company data

BVWire recently met with Derek Zweig, a valuation practitioner who saw the need for a more affordable source of financial data when doing a guideline public company analysis.

Global BV News: IVSC and WIPO collaborate on IP and intangibles

The International Valuation Standards Council (IVSC) together with the World Intellectual Property Organization (WIPO) has signed a memorandum of understanding (MoU) with the goal of strengthening cooperation and collaboration on issues related to the valuation of intellectual property and other intangible assets.

CPE events

DLOM: A Practical Look at a Complex Matter (Part 1)—Replay. March 16, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Pasquale Rafanelli (Empire Valuation Consultants). CPE credits: 2.0.

BV movers . . .

John-Henry Eversgerd has launched a new boutique valuation firm, Hewlett & Murray, based in Sydney, Australia.

BVPro adds new guide on valuing fitness clubs

The BVResearch Pro platform adds new content continually to its collection of over 20,000 articles, books, special reports, court case digests, webinar transcripts, and more.

Dietrich reveals his trade secrets of healthcare valuations

Recently retired, nationally known healthcare valuation expert Mark Dietrich is devoting his time to passing on what he learned over his 45 years in the healthcare arena. Dietrich is putting the finishing touches to his new Engagement Guide to Understanding and Valuing Medical Practice Specialties, which will soon be released by BVR.

Judicial appraisal needs reform per new paper

A recent paper addresses the problem of the “wide discretion” judges have in fashioning appraisal awards to dissenting shareholders based on opinions of valuation experts that are miles apart.

Web-based valuation platform gets financing boost

Valutico, an all-in-one web-based valuation platform, closed its first financing round with outside investors that, along with existing investors, totals in the mid 7-figures, the company announced.

Reminder: Take a survey on tax return data extraction

Is the historical financial information you get from client tax returns in usable form? Do you have to extract it by hand? Do you use an automated solution?

Still open: 2023 Pepperdine private cost of capital survey

At press time, the Pepperdine University annual survey of expected rates of return with respect to private companies is still open.

NACVA’s Leadership Initiative Board starts up in June

The National Association of Certified Valuators and Analysts (NACVA) is assembling a new board, the Leadership Initiative Board (LIB).

Users inspire update to the Stout DLOM calculator

Estimating a discount for lack of marketability (DLOM) has just become more robust with a new update to the Stout DLOM calculator.

Global BV News: Updated study of European capital markets released

The 11th edition of the “ValueTrust European Capital Market Study” provides an analysis of cost of capital parameters, returns (implied and historical) and trading multiples.

BV movers . . .

Ryan Grau, CVA/CBA, has joined Succession Resource Group (SRG) as director of valuations; he has over 12 years of experience with business valuations, deal structuring, equity management, death/disability planning, mergers and acquisitions, and goodwill valuations.

CPE events

Advanced Class on Monte Carlo Simulations. March 10, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: James Herr (Alvarez & Marsal) and Matthew Mezs (Alvarez & Marsal). CPE credits: 2.0.

'Confounding incongruities' in recent divorce case

A complex divorce case in Idaho included a number of valuation issues, one of which was the personal vs. enterprise goodwill question.

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