Business Valuation Resources, LLC

M&A and Valuation in the Financial Services Space in the Current Market Environment

Date: Thursday, September 17, 2009
10:00am-11:40am PT / 1:00pm-2:40pm ET

Earn 2 CPE credits
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Register For:

Teleconference $249.00
On Demand Pack* $249.00
Teleconference and On Demand Pack* $339.00

*Please note: CPE credit is not available through On Demand Packs

Featuring (click image for more information):

Steven M. Levitt
Park Sutton Advisors, LLC

Clark Locke
Hovde Financial, Inc.

Craig A. Jacobson
Citrin Cooperman & Company, LLP

Alan A. Schachter
Citrin Cooperman & Company, LLP

Why You Should Attend

Hear Steven Levitt
describe the program:

(Click to Play - Runtime: 3'24")

The precipitous decline and subsequent volatility of equity markets that began in 2008 has had a devastating effect on the values of financial services firms.  As portfolio values decline, taking with them assets under management – and by extension revenues – new challenges are arising in assessing the value of these firms and their ability to survive such turmoil.  “M&A and Valuation in the Financial Services Space in the Current Market Environment” will tackle these and other considerations head-on as our panel of experts address new challenges to one of the largest segments of the U.S. economy.

In addition to changes in revenues and values, Steven Levitt (Park Sutton Advisors) and Clark Locke (Hovde Financial) will discuss the operational and strategic consequences this market is having for financial services firms.   As values decline and these firms try to weather the storm, the strategic advantages to some transactions have gained even more importance, despite fewer transactions overall.  For appraisers and M&A analysts, these considerations are imperative for valuing any financial services firm.

Agenda (Topics to be covered)

  • How changes in the market place have affected the financial services space
    • Market effects on assets under management (AUM)
    • Flow effects on AUM
    • AUM and its relationship to revenue, profitability, and value
  • Valuation adjustments necessary in the current market environment
  • How the market has impacted pending and potential transactions
  • Strategic transactions as a bulwark against the economy
    • Access to broader markets through transactions
    • Increased liquidity through transactions
    • Improved operations through transactions
    • Improved positioning to "weather the storm" through transactions

Learning Objectives

  • Learn how fluctuations in equity markets have impacted financial services firms in all areas:
    • Assets under management
    • Revenue
    • Profitability
    • Value
  • Clarify which valuation adjustments are required in the current marketplace
  • Justify those valuation adjustments and your conclusion of value
  • Understand how transactions in the current economy may improve the value of a financial services firm

BVR's Teleconference Usage Policy

Purchase of admission to any of BVR's teleconferences grants ONE phone connection and ONE computer connection per physical location per registration. Additional unregistered phone or computer connections are a violation of BVR's Teleconference Usage Policy, and BVR reserves the right to withhold CPE credits from both registered and unregistered users in violation of this policy.

Group Discounts Available

For group discounts on Teleconferences contact Linda Mendenhall at or (503) 291-7963 ext. 125.

CPE Credits for Unlimited Listeners

Have as many eyes and ears take advantage of your registered connections as possible:CPE credit is available for an unlimited number of listeners to any registered line.

To add listeners for CPE credit, contact customer service ( or (503) 291-7963) with main registrant's name, the names of the persons to receive credit, and their email addresses. We welcome as many eyes and ears to take advantage of those connections as possible.

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group-Live
Recommended CPE: 2 Credit Hours (Consulting Services)

Business Valuation Resources, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.
NASBA Sponsor

On Demand Packs: Conference Recordings & Transcripts

BVR's On Demand Packs are an indispensable addition to any valuation reference library. Use them as training tools as many times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.

Each On Demand Packs includes:

  • Recordings and transcripts of the presentation
  • All presentation visual aides and handouts
  • All ancillary reading materials suggested by our presenters

For a complete list of available On Demand Packs from past teleconferences, click here.

BVR's Industry Spotlight Series

"M&A and Valuation in the Financial Services Space in the Current Market Environment" is the latest installment of BVR's Industry Spotlight Series, a teleconference series focused on the valuation of specific industries, businesses, and business models. With each new edition of the series, BV thought leaders will guide listeners through the characteristics of the target industry and how to deal with the complications they present to the appraisal process.  The unique, hands-on knowledge gained from BV experts who specialize in target industry will prepare listeners for their next engagement.

Co-Presented By:

BVR's Satisfaction Guarantee:
Business Valuation Resources offers a complaint resolution and refund policy with a 100% money-back guarantee. If you are not completely satisfied with your conference experience, or have any concerns or complaints, you may contact Business Valuation Resources at (503) 291-7963 ext. 102 for a satisfactory resolution of your concern or you may submit a written request for a full refund of this program to Stephanie Crader at: or mail to BVR, LLC, 1000 SW Broadway, Suite 1200, Portland, OR 97205.