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Education/Affiliation of J.L. PIERSON, ASA, ARM (BV)

J.L. Pierson, ASA was awarded an MBA degree from Columbia University; he also holds a Dipl. Ing. Comm. from Universite de Nancy, France and has taken many business valuation and corporate credit-related courses over the years.

J.L. Pierson is an ASA, designated by the American Society of Appraisers in the Business Valuation discipline. He has successfully completed the requirements of the following ASA courses: Ethics, Uniform Standards of Professional Appraisal Practice -USPAP and BV-201, BV-202, BV-203, BV-204 and the more recent BV-301. He also submitted demonstration appraisal reports to Peer Review by the ASA Board of Examiners and has fulfilled the length of experience requirements. The ASA is the only multi-discipline professional appraisal organization, offering courses for business valuation, personal property, real estate and machinery and equipment appraisers. It is also the only BV professional association which requires peer review of work product. This link will take you to the server of the Business Valuation Committee of the ASA: [ASA-BV] .

You can visit J.L.'s page on the ASA's server here Or First go to then click on Find An Appraiser, then enter the name pierson. Alternatively, you can click on this link to visit the web site of the ASA's Connecticut Chapter ASA-CT . Finally, you might want to explore the ASA's most informative web site ASA!

In 2018, J.L. took all Appraisal Review & Management courses, passed the exams and submited a demonstration report which was accepted by that discipline's Board of Examiners. Acccordingly, J.l. is designated in Appraisal Review as well as BV.

Continuing education for J.L. takes many forms. For the past 12 years, J.L. has attended most annual Advanced Business Valuation conferences organized each May by the New York City chapter of ASA. In November of 1999, J.L. attended a Continuing Legal Education seminar organized by the Connecticut Bar Association on Estate Planning. In June, 2000 he attended a seminar on ESOPs organized by the National Center for Employee Ownership. In November, 2000 J.L. attended a seminar, organized by the Milwaukee, WI Chapter of ASA, on Valuation Discounts for Family Limited Partnerships and Family Limited Liability Companies. In May of 2001 J.L. attended the Planners Day Conference organized by the Estate Planning Council of New York City, Inc. and in October, 2001 a CAVS seminar on the valuation of FLPs in Chicago. In July, 2004 he attended the CAVS Cost of Capital seminar in Kansas City, MO taught by Roger J. Grabowski, ASA. In 2006, he attended another CAVS seminar on valuation for financial reporting, and in 2007 a seminar on divorce chaired by a New York state Supreme Court Judge. More seminars and courses have been attended, including ASA and FAE-sponsored, on the Butler-Pinkerton model, buy-sell agreements, [several] Fair Value for reporting, Forensic techniques and Healthcare Valuation.

J.L. served the profession as a director of the ASA's Connecticut Chapter. He is a member of the Estate Planning Council of New York City, Inc. and a non-lawyer member of the Fairfield County Bar Association, Inc. He is a frequent speaker to business, appraisal and other groups about business valuation topics. Several of his articles and book chapters have been made available by publications serving the legal and estate planning communities.

(Click Here for J.L. 's Professional Resume)

Education/Affiliation of RICHARD L. KELSEY, ASA

Mr. Kelsey has 38 years of experience in providing financial and valuation advisory services to private and public corporations representing most major industries.

He has served a client base of middle market and public corporations, non-for profit organizations and investors in connection with mergers and acquisitions, plans of restructuring and recapitalization, financial and tax reporting compliance, litigation and expert testimony and stock ownership plans among other purposes.

Prior Advisory Firms

Mr. Kelsey has held consulting, management and ownership positions with the following financial and valuation advisory firms:Principal and Managing Director of New York financial and advisory services practice of American Appraisal Associates, a global provider of valuation and transaction consulting services.

Managing Director of Standard Research Consultants, a provider of business and securities valuation services and midmarket corporate transaction advisory services.

Vice President Mergers and Acquisitions Group, of Bank of America NT&SA Investment Banking Group. 

Expert Testimony

Mr.Kelsey has provided expert testimony and litigation support in connection with the following valuation issue-based court and arbitration/mediation proceedings: Dissident Stockholder Actions Class Action Suits Bankruptcy Plans of Reoranization Marital Dissolutions Loss of Business/Anti-Trust Actions Some of Mr. Kelsey's expert testimony have been in dispute resolution proceedings sponsored by the American Arbitration Association and the JAMS Institute. 


BS Mechanical EngineeringMarquette MBA Finance          

University of Denver Daniels School of Business Professional


American Society of Appraisers - Senior Accredited Member

Speaking Experience

New York University Stern Scool of Business       

New York Institute of Finance

National Association of Accountants

American Society of Appraisers

American Management Association

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Business Valuation: NY, NJ, CT, etc.

368 Heights Road #2392
Darien, CT 06820
Voice: (203) 325-2703
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Revised -- 09/22/2018