Matthew R. Crow, ASA, CFA

Transcription

1 Matthew R. Crow, ASA, CFA PROFESSIONAL EXPERIENCE Matthew R. Crow is the president of Mercer Capital and leads the Investment Management Industry team. The team provides RIAs, independent trust companies, broker-dealers, and investment consulting firms with valuation services related to corporate planning and reorganization, transactions, employee stock ownership plans, and tax issues as well as valuations of intangible assets, options, and assets subject to specific contractual restrictions. Matt and his team also consult with investment management clients in the process of selling or buying. Matt publishes research related to the investment management industry and is a regular contributor to Mercer Capital s weekly blog, RIA Valuation Insights. He is also has broad industry experience in insurance, real estate investment ventures, and technology companies accumulated by working with hundreds of client companies during his tenure at Mercer Capital. PROFESSIONAL DESIGNATIONS Chartered Financial Analyst (The CFA Institute) Accredited Senior Appraiser (The American Society of Appraisers) PROFESSIONAL MEMBERSHIPS The CFA Institute The American Society of Appraisers Elected Member, Business Valuation Committee (2014 to present) The Appraisal Issues Task Force The Financial Consulting Group PUBLISHED BOOKS Co-Author, VALUATION FOR IMPAIRMENT TESTING, Second Edition, (Peabody Publishing, LP), 2010 Valuing Internet Businesses, with Kenneth W. Patton, Chapter 21 in THE COMPLETE GUIDE TO VALUING & SELLING YOUR BUSINESS, (John Wiley & Sons, Inc.), Frederick D. Lipman, 2005 MERCER CAPITAL 5100 Poplar Avenue, Suite 2600 Memphis, Tennessee (P) (F)

2 MATTHEW R. CROW, ASA, CFA PAGE 2 Co-Author, VALUATION FOR IMPAIRMENT TESTING: The Finance and Accounting Professional s Guide to Valuing Reporting Units for Compliance with SFAS 142, (Peabody Publishing, LP), 2001 Valuing Internet Businesses, with Kenneth W. Patton, Chapter 21 in THE COMPLETE GUIDE TO VALUING & SELLING YOUR BUSINESS, (Prima Publishing), Frederick D. Lipman, 2001 Contributing author to QUANTIFYING MARKETABILITY DISCOUNTS: Revised Reprint, by Z. Christopher Mercer, published 2001 by Peabody Publishing, LP Contributing author to QUANTIFYING MARKETABILITY DISCOUNTS, by Z. Christopher Mercer, published 1997 by Peabody Publishing, LP INDUSTRY COVERAGE BLOG & NEWSLETTERS RIA Valuation Insights, Weekly Blog, Mercer Capital Value Focus: Asset Management Industry, Quarterly Publication, Mercer Capital PUBLISHED ARTICLES Boston Private Bank & Trust Company Acquisition of Banyan Partners, with Brooks K. Hamner, CFA, Mercer Capital s Bank Watch, September, 2014 Tri-State Capital s Acquisition of Chartwell Investment Partners: A Blueprint for Asset Manager Transactions, with Brooks K. Hamner, CFA, Mercer Capital s Bank Watch, February, 2014 Understand the Value of Your Trust Company, with Brooks K. Hamner, CFA, Mercer Capital Whitepaper, 2012 Shouting from the Rooftops: Gift Now, with Megan M. Bartels, Value Added, Vol. 21, No. 2, 2009 Valuing Independent Trust Companies Requires Special Attention, with Kristin C. Beckman, Value Added TM, Vol. 19, No. 3, 2007 Valuing Employee Stock Options: A Guide to Choosing Either Lattice or Black Scholes, Value Added TM, Vol. 17, No. 3, 2005 Comment Letter Regarding Proposed Amendment to SFAS 123, Value Added TM, Vol. 16, No. 3, 2004 Black-Scholes vs. Binomial SFAS 123 Sends Us Back to the Drawing Board, with Jean E. Harris, CFA, Money for Nothing?, Vol. 2004, No. 01, 2004 The Hypothetical Willing Seller Maybe C Corporations are Worth More Than S Corporations, with Brent McDade, Value Matters TM, , Nov. 26, 2003

3 MATTHEW R. CROW, ASA, CFA PAGE 3 Time to Clean Out the Attic, The Tax Bill and Excess Assets, Value Matters TM, , June 13, 2003 What to Look for in an Impairment Testing Expert, Value Added TM, Vol. 14, No. 01, 2002 SFAS 142: Is Compliance Mandatory? What the Recent SEC Inquiry into Accounting Practices Tells Us, Money For Nothing?, Vol. 2002, No. 04, March 13, 2002 What is Fair Value, Anyway? Fair Value as Defined Under SFAS 142, Money For Nothing?, Vol. 2002, No. 03, March 8, 2002 Goodwill Valuation Under SFAS 142, with Z. Christopher Mercer and Kenneth W. Patton, The CPA Journal, February 2002 Three Questions on the Role of the Expert in Impairment Testing, Value Matters TM, January 30, 2002 What to Look for in an Impairment Testing Expert, Value Matters TM, , December 7, 2001 Shouting From the Rooftops: Gift Now!, Value Added TM, Vol. 13, No. 3, 2001 Janda v. Commissioner: The QMDM Appears in Tax Court Again, with Kenneth W. Patton, ASA, Value Added TM, Vol. 13, No. 1, 2001 A Tale of Two Business Plans: Hard Lessons Learned Hitchhiking the Information Superhighway, Value Added TM, Vol. 12, No. 4, 2000 Valuation and the New Economy, Value Matters TM, , August 9, 2000 Quantifying Specific Company Risk, with Kenneth W. Patton, Business Valuations Digest, July 2000 Developing Valuation Multiples Using Guideline Companies, CPA Litigation Service Counselor, September 1999 The Basics on Fairness Opinions in Transactions Involving ESOPs, CPA Litigation Service Counselor, August 1999 The Importance of Fairness Opinions in Transactions Involving ESOPs, The ESOP Valuation Advisor, Spring/Summer 1999 Discounts and Family Limited Partnerships Holding Only Marketable Securities, CPA Litigation Service Counselor, May 1999 Are Discounts Applicable for FLPs Holding Only Marketable Securities?, Value Added TM, Vol. 11, No. 1, 1999 Black-Scholes vs. the Quantitative Marketability Discount Model, with Z. Christopher Mercer, Valuation Strategies, Sept./Oct., 1998

4 MATTHEW R. CROW, ASA, CFA PAGE 4 SPEAKING ENGAGEMENTS What Is My RIA Worth? Webinar sponsored by Mercer Capital, October 3, 2017 Buy-Sell Agreements for Investment Management Firms: An Ounce of Prevention Is Worth a Pound of Cure, with Brooks K. Hamner, CFA, 3 Rd Annual RIA Central Investment Forum, Chicago, Illinois, April 4, 2017 Valuing a Trust & Wealth Management Franchise, with Brooks K. Hamner, CFA, 2016 Acquire or Be Acquired Conference sponsored by Bank Director, Phoenix, Arizona, February 1, 2016 Personal Goodwill Matters To Your Clients, with Nicholas J. Heinz, ASA, 2015 Southern Federal Tax Institute, Atlanta, Georgia, October 22, 2015 The Daily News Money & Markets: State of the Economy, with Eric Barnes, Kent Wunderlich, and Mark Puckett, Memphis Daily News, Memphis, Tennessee, May 7, 2015 Pathways to Liquidity: Advising Your Clients in Monetizing Their Illiquid Wealth, with Nicholas J. Heinz, ASA, 2014 Southern Federal Tax Institute, Atlanta, Georgia, October 23, 2014 Unlocking Private Company Wealth: Solutions for Ownership Transition, with Timothy R. Lee, ASA, Tennessee Society of CPAs: Memphis Chapter CPE Event, Memphis, Tennessee, September 9, 2014 Acquisitions of Non-Depositories, with Jeff K. Davis, CFA and Andrew K. Gibbs, CFA, CPA/ABV, 2014 Acquire or Be Acquired Conference sponsored by Bank Director, Phoenix, Arizona, January 27, 2014 Issues You Should Be Aware of When Working with Business Appraisers, with Nicholas J. Heinz, ASA, Southern Federal Tax Institute, Atlanta, Georgia, October 24, 2013 Issues You Should Be Aware of When Working with Business Appraisers, Tax Section of the Atlanta Bar Association, Atlanta, Georgia, October 17, 2012 Non-Compete Agreements: Valuation Issues in GAAP and Tax Engagements, American Society of Appraiser s Annual Advanced Business Valuation Conference, Phoenix, Arizona, October 8, 2012 Directionally Correct?: The Future of Fair Value in the U.S., Georgia Society of CPAs, Atlanta, Georgia, March 24, 2011 The Equity Risk Premium: Perspectives on the Data, with Travis W. Harms, CFA, CPA/ABV, Memphis Chapter of the CFA Society, Memphis, Tennessee, November 16, 2010 A Primer on Using Stock Option Models for DLOMs, Financial Consulting Group Leadership Summit, Atlantic City, New Jersey, September 10, 2010 Fair Value: Where Are We Going?, Financial Executives International Chapter Meeting, Birmingham, Alabama, November 11, 2009

5 MATTHEW R. CROW, ASA, CFA PAGE 5 Fair Value: Where Are We Going?, American Society of Appraisers Chapter Meeting, Miami, Florida, June 23, 2009 Financial Management in the Age of Fair Value, Financial Executives International Chapter Meeting, Ft. Lauderdale, Florida, March 27, 2009 Financial Management in the Age of Fair Value, Financial Executives International Chapter Meeting, Oklahoma City, Oklahoma, February 19, 2009 Financial Management in the Age of Fair Value, with Travis W. Harms, CFA, CPA/ABV, Financial Executives International Chapter Meeting, Memphis, Tennessee, February 17, 2009 Getting Ready for SFAS 141R: Business Combinations, and The Market Approach and/versus the Income Approach, with Lucas M. Parris, CFA, Mississippi Society of CPAs, Jackson, Mississippi, November 11, 2008 Getting Ready for SFAS 141R: Business Combinations, with Travis W. Harms, CFA, CPA/ABV, Webinar sponsored by Compliance Week, July 31, 2008 Portfolio Valuation: A New Opportunity for Your Practice, with Travis W. Harms, CFA, CPA/ABV, Webinar sponsored by the Financial Consulting Group, June 5, 2008 The Market Approach and/versus The Income Approach, with Travis W. Harms, CFA, CPA/ABV, American Society of Appraisers Business Valuation Conference, October 30, 2007 Buy-Sell Agreements: Ticking Time Bombs or Reasonable Resolutions?, Minnesota Society of CPAs, October 17, 2007 Playing and Prospering by the New Valuation Rules, Panelist, Business Valuation Resources Teleconference, May 23, 2007 SFAS 157, Panelist, Business Valuation Resources Teleconference, January 11, 2007 Buy-Sell Agreements: Ticking Time Bomb or Reasonable Resolution?, CPA Associates International Conference, August 21, 2006 Purchase Price Allocation, Moderator, Business Valuation Resources Teleconference, August 31, 2005 Mergers & Acquisitions: The Transactions After the Transaction, with Travis W. Harms, CFA, CPA/ABV, Appraisal for Ad Valorem Taxation, August 2, 2005 Valuing Intellectual Property and Other Intangible Assets, Moderator, Business Valuation Resources Teleconference, June 22, 2005 Toward a Risk-Averse Binomial Option Pricing Model, with Travis W. Harms, CFA, CPA/ABV, The ASA Business Valuation Conference, October 7, 2004

6 MATTHEW R. CROW, ASA, CFA PAGE 6 Valuing Employee Stock Options: Toward a Risk Averse Binomial Model, ASA New York City Chapter Business Valuation Conference, May 7, 2004 Current Valuation Techniques and Theory The Quantitative Discount Marketability, Model, NACVA Career Development Institute, October 30, 2003 Sarbanes-Oxley s Impact on Appraisal Work with Z. Christopher Mercer, ASA, CFA, Current Topics in Business Valuation, New York City Chapter of the ASA, May 9, 2003 Valuation Issues in S Corps, American Society of Appraisers New York Chapter, May 5, 2000 Quantifying Marketability Discounts with Timothy R. Lee, The Institute of Business Appraisers, August 24, 1999 Quantifying Marketability Discounts with Z. Christopher Mercer, ASA, CFA, The Institute of Business Appraiser, February 5, 1999 Quantifying Marketability Discounts, The National Association of Valuation Analysts Education Seminars (NACVA), September 2, 1998 and October 23, 1998 Quantifying Marketability Discounts, The Tennessee Society of Certified Public Accountants, September 25, 1998 DIRECTORSHIPS Current: Member, Mercer Capital Board of Directors Member, Trezevant Manor Board of Directors Member, Alamos, Inc. Board of Directors Past: Treasurer, Episcopal Diocese of West Tennessee Bravo! Memphis, Memphis, Tennessee Grace-St. Luke s Episcopal Church, Memphis, Tennessee EDUCATION University of North Carolina at Chapel Hill (M.A., 1993) Vanderbilt University, Nashville, Tennessee (B.A., 1991)