Worthwhile Reading SM BVALLC Newsletter Issue 1, Volume 3, May/June 2005

In the News:
Valuation and Divorce
(Ex Over Easy– 5/2/05)

Corporate Governance and the Bottom Line
( In the Boardroom – 4/30/05)

Top Financial Trends for Spring 2005
( Expert Roundups - 4/28/05)

Pensions, Endowments, and Foundations
(Financial Planning Association of CT - 4/27/05)

Pensions and Derivatives
( Wall Street Transcript - 4/19/05)

Valuation Pitfalls and the Governance Implications
(National Association of Estate Planning Councils – 3/30/05)

What Sets Us Apart:
Specialized valuation training

Experience and ability to handle assignments that require solid academic credentials

Ability to handle assignments that require knowledge and experience in finance, accounting, economics and statistics

No regulatory or inherent conflict of interest

Senior team members work on assignments

Disciplined, systematic approach

We would love to hear from you!

Call 203-261-5519 and ask for Dr. Susan M. Mangiero, CFA, AVA, FRM or email us at valuationcentral@bvallc.com.

Sarbanes Oxley and Private Companies

The Sarbanes Oxley Act of 2002 (sometimes referred to as “SOX”) was enacted into law following a spate of large corporate bankruptcies, evidence of poor internal controls and million-dollar losses for thousands of investors. While many of its provisions apply to publicly-traded companies, private businesses must pay close attention or risk losing valuable opportunities to grow and prosper.

Read the full article about corporate governance and wealth.

Complex Compensation Issues in a Divorce

Divorce is seldom a happy event. Emotions run high, especially when a lot is at stake. After all, deciding on alimony and child support affects multiple lives for years to come. A cornerstone of this process is the identification and subsequent evaluation of assets and available income stream. Since many individuals are compensated with both wage and non-wage benefits, getting a final number can be time-consuming and arduous, and often requires the help of outside experts.

Read the full chapter published in Forensic Accounting in Matrimonial Divorce - R.T. Edwards, Inc. - 2005

Pension Risk Management: Importance of Oversight

Whether you are a retiree, investor or policy-maker, the financial health of a particular pension plan can make you sick. After discovering that many individuals fail to recognize their role as fiduciary, the U.S Department of Labor created an educational program called “Getting it Right” to address the basics. Yet plan managers must go much further to keep promises to beneficiaries. The creation of an investment policy statement that clearly identifies an appropriate risk-return tradeoff is only the beginning. Recognizing that asset selection and risk control are essential elements of prudent management requires an understanding that higher anticipated returns and greater risk go hand in hand.

Read the full article published in Risk Review – March/April 2005