Category Archives: Business Valuation

Business Valuation Seminar

REGISTER NOW: 2016 Business Valuation Seminar
2106 Business Valuation SeminarThe Philadelphia Chapter of the ASA will hold its 11th Annual Spring Business Valuation Seminar program on Friday, April 29, 2016, at the Doubletree Hotel in Plymouth Meeting, PA. The program will include a variety of topics presented by key thought leaders.

· Russell T. Glazer, ASA on Valuing Real Estate Holding Companies
· Nathan DiNatale on Purchase Price Allocation
· Courtney S. White, ASA on Craft Brewery Valuation
· Glen Birnbaum, AM on Working Capital And Value
· Mark S. Gottlieb on Advanced Risk Issues In Business Valuation.
Fees.  Early Bird fees, which apply when registration forms and payments are submitted by March 18, are $325 for ASA Members, $360 for all others. After March 18, registration is $355 for ASA Members, $390 for all others. The fee includes lunch, and morning and afternoon refreshments.

To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail to Executive Secretary Joanne Paciello, 8 Terrace Road, Plymouth Meeting, PA 19462.  Please note that seating capacity is limited.

Credit. The program qualifies for eight (8) hours of Continuing Education Credit (CEC) for ASA members and for members of other professional organizations which recognize NASBA credit.

Brochure.  A seminar brochure, including comprehensive information, biographies of the presenters, a registration form, refund and cancellation policies is available on the Chapter website and for download in PDF format.

Questions.  For all other questions, including CEC eligibility for your organization, please contact the seminar organizer, Bob Haas at rhaasjr@rmha.com or (215) 887-6500, or Joanne Paciello at asaphiladelphia@verizon.net.

March Meeting: Emerging Economic Trends

The March Chapter Meeting will be held on Wednesday, March 16, 2016 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:30 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speaker will be Gary A. Wagner, Regional Economic Advisor of the Corporate Affairs Department of the Federal Reserve Bank of Philadelphia. Dr. Wagner will talk about “Emerging Economic Trends.”

garywagnerDr. Wagner is responsible for conducting research on emerging regional economic issues and managing legislative outreach for the Federal Reserve Bank of Philadelphia’s Third District, which includes eastern Pennsylvania, southern New Jersey, and Delaware. Dr. Wagner also delivers presentations about the national and regional economy, monetary policy, and the role of the Federal Reserve System. His research interests range from regional economics to state and local public tax structures and from rainy day funds to borrowing costs and pension systems.

Dr. Wagner did his undergraduate work in economics and political science at Youngstown State University and took his Ph.D. in economics at West Virginia University. Before joining the Philadelphia Fed in 2015, he was a Professor of economics at Old Dominion University in Virginia, having previously taught at the University of Arkansas, Duquesne University, and the University of North Carolina. He is the author or coauthor of more than 40 articles and reports, many of which have appeared in leading professional journals. He received the Business Distinguished Research Award from Duquesne, as well as Public Finance Review’s Outstanding Paper Award. From 2013 to 2015, Wagner was a respondent to the Philadelphia Fed’s Survey of Professional Forecasters.

Dr. Wagner’s presentation is sure to be of interest to ASA members in all disciplines. As seating for this talk is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, March 11, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

January Breakfast Meeting: A Case Study in Environmental Remediation

The January Breakfast Meeting will be held on Wednesday, January 20, 2016, 8:00 am at the Doubletree Guest Suites in Plymouth Meeting, PA. The guest speaker will be Florin Gheorghiu, Principal of Applied Testing and Geosciences, LLC in Bridgeport, PA. Mr. Florin will present “A Case Study in Environmental Contamination and Remediation.”

FlorinGA Registered Professional Geologist in Pennsylvania, Mr. Gheorghiu holds a M.Sc. in Engineering Geology/Geophysics from the University of Bucharest, Romania. At Applied Testing and Geosciences, he leads multi-disciplinary teams in complex remedial and civil/geotechnical projects around the globe. Widely published — he has contributed to over 20 publications — he is also a frequent speaker on hydrogeology, groundwater control and site remediation.

Please register early for this educational and informative breakfast meeting which qualifies for 2 hours credit toward ASA reaccreditation..

The Breakfast is FREE for ASA Philadelphia members and $25 for guests. Family members, colleagues, and associates are welcome! To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by January 15 to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

SAVE THE DATE: 2016 Business Valuation Seminar

042916SeminarThe Philadelphia Chapter of the ASA will hold its 11th Annual Spring Business Valuation Seminar program on Friday, April 29, 2016, at the Doubletree Hotel in Plymouth Meeting, PA. The program will include a variety of topics presented by key thought leaders.

· Russell T. Glazer, ASA on Valuing Real Estate Holding Companies

· Nathan DiNatale on Purchase Price Allocation

· Courtney S. White, ASA on Craft Brewery Valuation

· Glen Birnbaum, AM on Working Capital And Value

· Mark S. Gottlieb on Advanced Risk Issues In Business Valuation.

For more information, please contact the seminar organizer, Bob Haas at rhaasjr@rmha.com or (215) 887-6500, or Joanne Paciello at asaphiladelphia@verizon.net.

September Meeting: Accounting Standards Updates

The September Chapter Meeting will be held on Wednesday, September 16, 2015 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:30 pm; all ASA members are welcome. The general meeting starts at 6:30. It will include the installation of the 2015-2016 Chapter Officers and presentation of the 2015 George D. Sinclair Award.

Albert Lazo, CVAThe guest speaker will be Albert A. Lazo, Director of Valuation Services at Brinker Simpson & Company, headquartered in Springfield PA. Mr. Lazo will review recent Accounting Standards Updates (ASUs) and their impact on business valuation.

Mr. Lazo is a Certified Valuation Analyst (CVA) with more than 15 years business consulting experience, including 10 in valuation services. A graduate of the University of Vermont with a BA in Mathematics, he took his MBA in International Business & Finance at Virginia Tech. Before joining Brinker Simpson & Company, he worked in valuation at KPMG and BDO.

With Michael Simpson, Al leads his firm’s valuation practice , which serves Fortune 500 and middle market clients, including energy, oil, chemical, retail, and manufacturing companies. Their practice ranges from business, gift and estate tax valuation to purchase price allocation and goodwill impairment.

As seating for this talk is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

Dinner is $35 per person for members and guests. Members: Last chance this season to buy the 5 Meeting Plan for $110 – a $65 saving! To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, September 11, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

SAVE THE DATES. This is the first meeting of the 2015-2016 season. Other meetings, all at the Doubletree, are November 18, January 20 (Breakfast) and March 16. A May dinner meeting at a special venue is also planned but not finalized.

ASA MTS201: Introduction to Machinery and Equipment Valuation

The Philadelphia Chapter of the American Society of Appraisers will sponsor MTS201 Introduction to Machinery and Equipment Valuation on May 11, 12, 18 and 19, 2015 from 8:30 am to 4:30 pm at DLL Financial Services, located at 1111 Old Eagle School Road, Wayne PA 19087. The instructors for the 4-day ASA course are Richard A. Berkemeier, ASA  and Paul R. Cogley, Jr., ASA.

mts201courseThis course will introduce appraisal terminology and concepts and provide students with a solid foundation for a career in appraisal of machinery and equipment. This course covers machinery and equipment appraisal terminology; functions and purposes of appraisals; introduction of the three approaches to value; depreciation and factors affecting depreciation; field inspection techniques and safety; introduction to the issues of indexes in machinery and equipment appraising; basic pricing exercises for current and obsolete assets; ethics and professional standards.

Mr. Berkemeier is an independent senior asset management professional offering more than 20 years of appraisal experience within the capital markets, including risk management, inventory assessment, appraisal review, liquidation expertise, debtor-in-possession financing, and collateral management.

Mr. Cogley is a Senior Vice President – Commercial Valuation Manager for Banc of America Leasing in Providence, Rhode Island, managing a valuation staff for the middle market and business banking segments.

Please register ASAP for this class to avoid disappointment. There are just 8 seats available.

Tuition for the class is $1250 per person, which includes all course materials, and may be paid by check or online. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail, including your name, phone number and email address, to Executive Secretary Joanne Paciello, 8 Terrace Rd, Plymouth Meeting, PA 19462.  RSVP by email, phone (610-277-1366) or fax (610-277-1366).

March Meeting: Emerging Economic Trends

The March Chapter Meeting will be held on Wednesday, March 18, 2015 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; all ASA members are welcome. The general meeting starts at 6:30. The guest speaker will be Ardy Lynn Wurtzel, Research Associate in the Corporate Affairs Department of the Federal Reserve Bank of Philadelphia.

ardylynnwurtzelMs. Wurtzel, who is also an adjunct faculty member at Temple, Rutgers and Arcadia Universities, holds a B.A. in economics and finance from Temple’s Fox School of Business, and an M.A. in economics, also from Temple.

At the Bank, Ms. Wurtzel manages economic data sets and conducts research on current economic trends. She also delivers presentations for the Bank to the business and banking community on emerging economic trends.

Ms. Wurtzel’s presentation is sure to be of interest to ASA members in virtually all disciplines. As seating is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, March 13, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).

NOTE: Appraisers attending this meeting may also be interested in attending the 2-Hr. Pennsylvania Appraisal Law Course presented by the ASA Philadelphia Chapter​ on the same ​day, in the same location, starting at 4:00 pm.

SAVE THE DATE: 2015 Business Valuation Seminar

The Philadelphia Chapter of the American Society of Appraisers (ASA) will hold its annual Business Valuation Seminar at the Doubletree Guest Suites Hotel in Plymouth Meeting, PA on Friday, April 24, 2015.  The program includes sessions focused on

  • Unlocking Private Company Wealth
  • The Implied Private Company Pricing Model
  • Engagement Letters: Our Biggest Protection
  • Case Law Developments

042415SeminarFees. Early Bird fees, which apply when registration forms and payments are submitted by March 13, are $310 for ASA Members, $340 for all others. After March 13, registration is $340 for ASA Members, $370 for all others. The fee includes meals and refreshments, and a copy of Unlocking Private Company Wealth by Z. Christopher Mercer (Peabody Publishing LP, 2014).

To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35 and mail to Executive Secretary Joanne Paciello, 8 Terrace Road, Plymouth Meeting, PA 19462.  Please note that seating capacity is limited.

Credit. The program qualifies for eight hours of Continuing Education Credit (CEC) for ASA members and for members of other professional organizations which recognize NASBA credit.

Brochure.  A seminar brochure, including comprehensive information, biographies of the presenters, a registration form, refund and cancellation policies is available on the Chapter website and for download in PDF format.

Questions.  For all other questions, including CEC eligibility for your organization, please contact the seminar organizer, Bob Haas at rhaasjr@rmha.com or (215) 887-6500, or Joanne Paciello at asaphiladelphia@verizon.net.

November Meeting: Cost Segregation

The November Chapter Meeting will be held on Wednesday, November 19, 2014 at the Doubletree Guest Suites in Plymouth Meeting, PA. The Board of Directors will meet at 5:00 pm; all ASA members are welcome. The general meeting starts at 6:30.

walter oconnellThe guest speaker will be Walter O’Connell, ASA, Senior Consultant at the Wayne, Pennsylvania firm of Porto Leone Consulting, LLC, which provides valuation and cost segregation services. He will talk about “Cost Segregation.”

Mr. O’Connell holds a B.A. in Economics and B.S. in Finance from Kean University, and an M.A. in Economics from Montclair State University. He manages cost segregation studies and tangible asset valuations for Porto Leone, where he has performed and managed cost segregation studies on hundreds of properties. He has also performed tangible asset valuations for tax, book, insurance placement, due diligence, and business planning purposes in a variety of industries.

Walter will explain the meaning of cost segregation and review the basics of cost segregation in relation to commercial real estate depreciation for income tax purposes. He will also discuss the valuation tools used in the development of a qualified cost segregation study.

As seating for this talk is limited, please register early for this educational and productive evening which qualifies for 2 hours credit toward ASA reaccreditation.

Dinner is $35 per person for members and guests. To pay online with your major credit card or PayPal go to the ASA Philadelphia Members Page, otherwise please make checks payable to ASA Philadelphia Chapter 35. Please RSVP by Friday, November 14, to Executive Secretary Joanne Paciello by mail to 8 Terrace Rd, Plymouth Meeting, PA 19462, email, phone (610-277-1366) or fax (610-277-1366).