Featuring (click image for more information):

Steven M. Levitt MBA Park Sutton Advisors, LLC	Clark Locke CFA Hovde Financial, Inc.	Craig A. Jacobson MBA Citrin Cooperman & Company, LLP	Alan A. Schachter CPA, ABV, CFF, CVA, CFE, DABFA Citrin Cooperman & Company, LLP

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Why You Should Attend

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 lindam@bvresources.com 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 (cs@bvresources.com 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. www.nasba.org 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.