This infographic quickly lists five good reasons private companies should conduct a survey of their shareholders.
This infographic quickly lists five good reasons private companies should conduct a survey of their shareholders.
The purpose of the presentation is to provide directors and shareholders with a conceptual framework and vocabulary to help contribute to answering three fundamental questions in crafting an effective corporate strategy.
Every closely held business needs a functional buy-sell agreement, but few need it more than investment management firms. Because RIAs are 1) often very valuable, 2) owned by unrelated parties, and 3) tie ownership returns to employee participation, having an effective ownership agreement is essential for the prosperity and sustainability of the firm. This session will discuss the key characteristics and valuation implications of an RIA’s buy-sell agreement, with the purpose of keeping the firm’s ownership focused on mutual economic benefit and to avoid expensive disputes over value.
In this session, we examined how banks can utilize a hybrid approach and co-opt, partner with or acquire FinTech companies, wealth management and trust operations and insurance brokerages. By pairing traditional banking services with other financial services and means of delivery, banks can obtain more touch points for customer relationships, enhance revenue and ultimately improve the bank’s valuation.
In these handouts from a webinar presented September 26, 2016, Chris Mercer examined the proposed changes to regulations under IRS Code Section 2704 from a business valuation perspective. The express goal of the Proposed Changes is to eliminate, or virtually so, … Continued
In this webinar presented September 26, 2016, Chris Mercer examined the proposed changes to regulations under IRS Code Section 2704 from a business valuation perspective. The express goal of the Proposed Changes is to eliminate, or virtually so, valuation discounts in … Continued
This presentation presents a broad outline of the medical device industry, which is characterized by continual technological advancement, high profitability, and sustained growth.
While there is no legal requirement for community banks to perform stress tests, recent regulatory commentary suggests that community banks should be developing and implementing some form of stress testing on at least an annual basis.
While there is no legal requirement for community banks to perform stress tests, recent regulatory commentary suggests that community banks should be developing and implementing some form of stress testing on at least an annual basis.
Like most professional services firms, much of the value of an insurance agency lies in its customer base, workforce, and the intangible factors that drive growth and margin. But not all insurance agencies are created equal. The recurring revenue streams, low fixed asset intensity, and favorable financing characteristics have drawn the interest of industry consolidators, private equity investors, financial institutions, and other participants, leading to a robust transaction environment. Join Lucas as he reviews the valuation methodologies and drivers of value for insurance agencies and brokerages.
Trust franchises can add value to banks, but how much? This session will focus on what drives value in trust franchises, and how to build trust and wealth management operations to enhance the value of a bank.
In transactions, boards of directors rely on fairness opinions as one element of a decision process that creates a safe harbor related to significant decisions. Fairness opinions are issued by a financial advisor at the request of a board that … Continued
This session, presented at the recent 2015 Heckerling Institute on Estate Planning, covered various liquidity options including dividend policy, partial sales to insiders, employee stock ownership plans, private equity investors, as well as third party sales.
Presented at the 2015 AOBA conference, Davis and Gibbs looked at the evolution of loan portfolio valuations as part of due diligence and M&A pricing since the financial crisis, providing insight into some of the nuances around the evaluation process and what to look for in terms of potential potholes regarding potential acquisitions.
With the banking industry facing new regulations and other pressures, this session focuses on the current environment at banks and valuation techniques appropriate for rendering valuation opinions that are consistent with this environment. Understand the current environment facing depository institutions … Continued
If the present value of the subject company’s expected future cash flows is a foundational measure of the value of a company, practitioners should be very deliberate in projecting those future cash flows. In this session, participants will: Identify several … Continued
In the hunt for yield, investors are increasingly setting their sights on business development companies (BDCs), which offer stock market investors access to portfolios of private equity investments. This webinar explored the features that have contributed to the growth in … Continued
Z. Christopher Mercer, ASA, CFA, ABAR, founder and CEO of Mercer Capital, presented this keynote presentation to the American Academy of Matrimonial Lawyers and the AICPA 2014 Bi-Annual Joint Conference. The big five issues presented are: Discount Rates Control Premiums … Continued
This presentation, excerpted from Mercer Capital’s 2014 session at the Acquire or Be Acquired Conference sponsored by Bank Director magazine, focuses on the opportunities and challenges of the acquisition of an asset management firm by a bank.
An acquisition of a non-depository, such as an insurance agency, specialty finance company, trust company, or asset management firm, by a bank is an important decision. This presentation was presented at the 2014 Acquire or Be Acquire conference sponsored by … Continued
This presentation reviews the pros and cons of such transactions that unlock value for equity holders, create incremental risk for lenders, and the importance of solvency opinions as part of the process.
Non-compete covenants are a staple in most purchase agreements. View the presentation by Matt Crow from the 2012 ASA Advanced Business Valuation Conference. The presentation covers background on non-competes, reviews key accounting guidance and tax court cases, and provides detailed valuation examples.
Download the recent presentation from Jeff Davis and Andy Gibbs from the 2013 Acquire or Be Acquired conference sponsored by Bank Director magazine.
Recent presentation for the National Beer Wholesaler’s Association 73rd Annual Convention