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ESOPs—Nuts and Bolts

 ESOPs—Nuts and Bolts
CPE Credit

Program Type: Recorded Webinar (Audio, PPT)
Program Level: Overview
Prerequisites: None
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: One (1) Hour
Fields of Study: Accounting
Item Number: 14PMA1114
Shipping Weight: 0lbs. 0oz.
Price: $80.00
Program Description

This interesting webinar will focus exclusively on an introduction to ESOPs. The participants will hear entry-level information about employee stock ownership plans (ESOPs) and be introduced to the concept through the eyes of a transaction/valuation practitioner. Not only will the participant learn about how an ESOP works and their financial intricacies, but they will take away a general understanding of when is the appropriate time to consider using an ESOP in practice. ESOPs can be a very effective finance tool, if they are used appropriately. They can also be a very risky tool, if used incorrectly. This webinar is highly recommended to the consultant that has an interest in the merger and acquisition space as well as the business owner that is considering alternatives.

Learning Objectives

After completing this webinar, attendees will be able to:

- Possess a general understanding of ESOPs
- Identify when to consider using and ESOP in practice
- Articulate the risks associated with ESOPs
- Differentiate between an ESOP buyer and other types of business buyers
- Define the players and participants in ESOP transactions

Who Should Attend

CPA firms trying to build or improve a transaction advisory service niche, CEOs contemplating acquisitions or sales, transaction advisors looking to improve there understanding of the transaction industry.


Robert M. Stutz, II, CVA, ASA, CM&AA
Robert Stutz graduated from Butler University with a major in finance and accounting and was a member of Butler’s baseball team. Prior to graduation, Mr. Stutz completed two internships, one with Merrill Lynch as a research analyst, and one with Goelzer & Company, an Indianapolis-based investment banking firm. Upon graduation, Mr. Stutz joined Goelzer as a full-time valuation analyst, completing several hundred valuations over five years.

Mr. Stutz moved home to Columbus, Ohio, and joined GBQ Partners as director of valuation services in 2000. GBQ is Columbus’s largest CPA firm. During his tenure at GBQ, he earned his CVA and ASA and grew GBQ’s valuation practice to be the largest in the city, doing over 200 projects a year. Mr. Stutz led the acquisition of several valuation practices for GBQ, including Goelzer, his former employer. He also began the merger acquisition practice for GBQ in 2004. In 2005, he was named an equity partner and was eventually put on the firm’s executive committee.

Mr. Stutz retired from GBQ in 2010 to pursue a partnership with an investment banking firm where he could more effectively cross-sell large, sell-side engagements that arose continuously from valuation projects. Mr. Stutz joined Western Reserve Partners (WRVS), a mid-sized Cleveland, Ohio-based investment banking firm. He was named managing director of the firm’s valuation division, Western Reserve Valuation Services. Today, WRVS is a fast-growing valuation firm that is partners with a highly regarded investment bank. WRVS performs complex and high-profile valuation projects primarily for private equity firms, ESOPs, and small cap public companies. All of their projects are corporate finance- and accounting-related. They also have the ability to refer a significant amount of investment banking work to WR.

Mr. Stutz began teaching for NACVA in 2004 and has instructed hundreds of NACVA participants. He is a primary instructor for the Business Valuation Certification and Training Center and the Middle Market M&A: Nuts and Bolts Workshop. Mr. Stutz has served on several NACVA boards and is currently chair of the NACVA Executive Advisory Board.