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Kevin M. Zanni, is the Director and Leader of Transaction Opinion Services Practice for Willamette Management Associates and is located in the firm’s Chicago office. He has experience working on valuation and economic analysis assignments for: merger and acquisitions, corporate planning, gift and estate tax valuation, financial reporting, and economic damages quantification. He commonly values businesses and business interests, stock options and warrants, income producing property, intangible assets, corporate debt instruments, complex financial instruments, and restricted stock. He is an accredited senior appraiser (ASA) of the American Society of Appraisers, accredited in business valuation; a certified business appraiser (CBA) of the Institute of Business Appraisers; a certified valuation analyst (CVA) of the National Association of Certified Valuators and Analysts; and a certified fraud examiner (CFE) of the Association of Certified Fraud Examiners. Kevin is a past president of the Chicago chapter of the American Society of Appraisers. Kevin has written numerous articles on the subject of security valuation and economic analysis. He has spoken on economic and business valuation issues to numerous professional groups and associations. Kevin earned an MA in International Business and a BSBA in Finance from the University of Florida.

Jonathan D. Martin, is a director at Duff & Phelps, in their Chicago office. He has over a decade of experience in the valuation of businesses and intangible assets. Much of his work has been for financial reporting purposes; however, he has performed numerous tax-related and other valuation assignments. Jonathan specializes in valuations of businesses and business interests, stock options, and various types of intangible assets including customer relationships, technology and know-how, trademarks and trade names, non-compete agreements, assembled workforce, and other forms of intellectual property, such as in-process research and development. The purposes of these valuations and financial advisory services include, in part, purchase price allocations (ASC 805), goodwill and asset impairment (ASC 350 and 360), stock compensation (ASC 718), corporate restructuring and tax planning, divestitures and others. Jonathan joined legacy American Appraisal, now Duff & Phelps LLC, in January 2007. Prior to that, he spent time at Houlihan Valuation Advisors and Northern Trust. He has an undergraduate degree from University of Michigan and an M.B.A. from DePaul University. Jonathan is a member of the American Society of Appraisers and holds the designation of Accredited Senior Appraiser for Business Valuation.

Timothy J. Meinhart is a managing director of Willamette Management Associates, and is the director of their Chicago office. Tim’s practice includes the following types of valuation and economic analyses: business and succession planning valuations, acquisition purchase price allocation valuations, asset impairment analyses, restricted security analyses, restructuring and reorganization analyses, transfer price analyses, merger and acquisition valuations, fairness opinions, and economic damages analyses. Tim is an accredited senior appraiser (ASA) of the American Society of Appraisers, accredited in business valuation. He is a director of the Business Valuation Association of Chicago, and a member of the business valuation committee of the American Society of Appraisers. Tim is also an associate member of the American Bar Association (ABA) and a contributing author to The Handbook of Business Valuation and Intellectual Property Analysis. Tim earned an MBA from the Kellstadt Graduate School of Business at DePaul University and a BS in finance from Northern Illinois University.

Daniel Lynn is a Principal and member of Deloitte Transactions and Business Analytics LLP and serves as the local practice leader for Deloitte’s regional business valuation practice. He has over 30 years of experience in valuing both closely held business interests and intangible assets for a variety of transaction related, tax and accounting purposes as well as in providing a range of valuation, strategic financial planning and other financial advisory services in connection with mergers, acquisitions, bankruptcy, reorganization, litigation and other settings. He has provided expert testimony related to valuation matters in various Federal, State and U.S. Bankruptcy courts. Dan is a Chartered Financial Analyst (CFA); Senior Member of the American Society of Appraisers (ASA); and Past President of the Chicago Chapter of the American Society of Appraisers. Dan earned an MBA in Finance and Accounting from the University of Chicago, and a BBA in Finance from Western Illinois University.

Michael Bett is a Senior Vice President in Houlihan Lokey’s Chicago office. He has been an active member in a number of engagements, including fairness opinions, solvency opinions, and ESOP-related transactions, as well as business enterprise valuations and intangible asset valuations for tax and financial reporting purposes. Prior to joining Houlihan Lokey, Mr. Bett was a Vice President with Bank of America’s Enterprise Valuations Group, performing business enterprise valuations primarily on highly leveraged companies across a variety of industries. He also worked as a commercial loan officer performing credit analysis on privately held, middle-market companies. Mr. Bett earned his B.A. from the University of Notre Dame and an M.B.A. in finance from the University of North Carolina’s Kenan-Flagler Business School. He is registered with FINRA as a General Securities Representative (Series 7 and 63) and a Limited Representative – Investment Banking (Series 79).

Timothy F. Cummins is Managing Director in the Valuation & Financial Opinions Group of Stout Risius Ross. He has significant experience in the provision of valuation and litigation advisory consulting services to Fortune 500 companies, middle market corporations, private equity funds, law firms, accounting firms, and financial institutions. His asset and business valuation experience encompasses a wide range of industries for numerous purposes including: fairness opinions; solvency opinions; purchase price allocation; goodwill and long-lived asset impairment testing; option valuation; state, national and international corporate tax matters; purchase and sale advisement; bankruptcy and reorganization; shareholder disputes; corporate strategic planning; estate and gift tax planning; and Employee Stock Ownership Plans. Timothy earned an MBA in Finance and Accounting from the University of Chicago and a BBA in Finance from the University of Notre Dame.

Richard L. Lies III is a principal in the Business Valuation Consulting group of Plante & Moran, PLLC and is experienced in the valuation of closely-held equity securities, partnership interests and intangible assets (e.g., including technology, intellectual property, trade names, customer relationships, and non-competition agreements). His experience has encompassed valuation projects for U.S. and international tax compliance, estate and gift planning, financial reporting, general business planning, merger and acquisition consultation, and litigation support purposes. Rich is a graduate of Northwestern University, having earned a Bachelor of Science degree in Electrical Engineering. Additionally, he holds a Master of Business Administration degree with a concentration in finance from the University of Iowa, is a Chartered Financial Analyst ("CFA"), an Accredited Senior Appraiser ("ASA"), and former president of the Business Valuation Association of Chicago.

Seth Palatnik is the lead Partner of FGMK’s Transaction Advisory Services which includes valuation services, dispute consulting and M&A advisory. He has over 20 years of experience providing advisory services for mergers & acquisitions, tax and financial reporting, litigation support and restructuring and bankruptcy. Seth has led a wide variety of international and domestic assignments across a broad range of industries. His clients have included Fortune 500 public companies, middle market companies, law firms, and financial institutions. During his career, Seth has served in leadership roles at global accounting & advisory firms and has successfully helped build consulting practices. He was a partner at KPMG in the economic and valuation services practice; and was a partner and the national director of valuation services at BDO Seidman. Seth also served as a managing director at Huron Consulting and Willamette Management Associates.

Richard Z. Ponski Richard Z. Ponski is a Director in the financial valuation and consulting practice within Cambridge Partners & Associates, Inc. with over 30+ years experience as a professional specializing in business and intangible asset valuations. He has performed valuations for such purposes as fairness and solvency opinions, corporate financial reporting (ASC 805 & ASC 350-Business Combinations & Goodwill Impairment, ASC 360-Long Lived Asset Impairment, ASC 718-Stock Compensation, ASC 820-Fair Value Measurements), tax valuations (IRC 409A-Non Qualified Deferred Compensation, IRC 280G-Golden Parachute Payments, IRC §482 transfer pricing for multi-national companies), mergers & acquisitions, recapitalizations/bankruptcy, estate and gift tax planning (LLCs, FLPs), litigation and expert witness testimony, marital dissolution, and employee stock ownership plans (ESOPs). Mr. Ponski received his BSME and MSME from the University of Michigan and an MBA from DePaul University. He has been active in professional organizations in the valuation community including membership in the American Society of Appraisers (ASA), National Litigation Support Services Association (NLSSA), and National Trust Closely Held Business Association (NTCHBA), as well as the BVA.

Daniel J. Burkly, is a Senior Manager in Ernst & Young LLP’s Transaction Advisory Services practice. With more than 13 years of experience, Dan advises executives on the financial implications of their strategic decisions. Dan leads diverse teams that assist clients with strategy, valuation, due diligence, and integration on their transactions. Dan’s technical background is financial analysis and the valuation of business enterprises, equity and debt interests, and various intangible assets and liabilities. Dan has performed valuation engagements for transaction planning, corporate planning, tax planning, and financial reporting purposes. Dan has spoken and written on corporate finance and valuation topics. Dan received a BBA from The College of William & Mary with a major in finance, minor in economics and concentration in accounting. Dan is a CFA charter holder and has served as a grader for CFA Level III exams. Dan is on the board of the Business Valuation Association.

Catalin Cociuba is a vice president at Duff & Phelps in the Chicago office and part of the Financial Services industry practice within the Valuation Advisory Services business unit. He has seven years of experience in performing valuations of businesses, interests in businesses, assets, and liabilities in a variety of industries. Catalin has spent the last three and a half years of his professional career focused on valuations in the insurance industry. His experience spans all sectors of the insurance industry, including property & casualty insurers, health & managed care insurers, life insurance & annuities providers, specialty insurers, reinsurers, and insurance service providers & other intermediaries. Catalin has performed valuation and advisory assignments for a variety of purposes, including financial reporting, corporate tax, reorganizations, divestitures, and fresh start accounting. He has performed valuation analyses involving complex capital structures and complex ownership structures. Catalin is experienced in the valuation of debt and equity securities, businesses and interests in businesses, financial assets and liabilities (debt obligations, and deferred revenue), and intangible assets (relationship-based, marketing-based, technology-based, insurance licenses, non-competition agreements, etc.), among others. Catalin joined Duff & Phelps in conjunction with the acquisition of American Appraisal Associates by Duff & Phelps in early 2015. Catalin received his B.S. in finance from DePaul University. He is also an Accredited Senior Appraiser (ASA) and a member of the American Society of Appraisers.

Sylvia Cho, is a Director with the Forensic and Valuation Services practice of Grant Thornton LLP’s Chicago office. She has over ten years of valuation and business advisory experience. Sylvia specializes in providing valuation services for financial reporting, litigation, and tax purposes spanning many industries but with a particular emphasis on technology, airlines, manufacturing, financial services, and healthcare. Sylvia has also provided valuations for transaction advisory, management and strategic planning, bankruptcies, divestitures, and restructuring purposes. Sylvia has significant experience in assisting public and private clients in the application of complex accounting literature for financial reporting valuations. She has also advised and prepared clients to address and defend the adequacy of liquidity with respect to financial covenants, operating and financial leverage, and recapitalization initiatives with auditors, lenders, Board of Directors, and investors. Sylvia’s valuation experience encompasses a variety of matters including purchase price allocations, goodwill impairment studies, portfolio investment valuations, capital impairment testing, and common and preferred stock valuations. She primarily focuses on the valuation of technology, tradenames, customer relationships, contingent considerations, and equity interests. Prior to joining Grant Thornton, Sylvia was a financial consultant at Huron Consulting Group with a focus on valuation, forensic investigations, and litigation. Sylvia earned a BS in Finance from the University of Illinois.

Steve Fischoff is a Senior Director with Alvarez & Marsal Valuation Services in Chicago. His primary areas of concentration are providing opinions of value for financial reporting, tax planning and reporting, and mergers and acquisitions, as well as advising clients regarding the value impact of potential strategic alternatives. With more than 15 years of valuation experience, Mr. Fischoff has provided independent opinions of value for many purposes, including, in part, acquisitions, divestitures, pretransaction valuation analysis and advisory services, purchase price allocations, goodwill and asset impairments, formations of IP holding companies, estate and gift taxes, mergers, litigation support, strategic planning, and financing. Mr. Fischoff has worked with clients in such industries as chemicals, steel, automotive, construction materials, industrial machinery, business and consumer services, food and beverage, and healthcare. Prior to joining A&M, Mr. Fischoff most recently managed the Chicago Financial Valuation Group practice at American Appraisal Associates. Earlier, he was a senior manager in the Transaction Advisory Services group at Ernst & Young. Mr. Fischoff earned a bachelor’s degree in business administration from Washington University in St. Louis. He is a Chartered Financial Analyst (CFA) charterholder and a Certified Public Accountant in Illinois. He is a member of the American Society of Appraisers, the CFA Institute and CFA Society of Chicago.

Recent Past Business Valuation Association Presidents:
2016-2017 - Steven P. Fischoff Alvarez & Marsal Valuation Services, LLC
2015-2016 - Timothy J. Meinhart Willamette Management Associates
2014-2015 - Michael Bett Houlihan Lokey
2013-2014 - Timothy F. Cummins Stout Risius Ross
2012-2013 - Richard L. Lies III, Plante & Moran, PLLC
2011-2012 - Richard Z. Ponski, Cambridge Partners & Associates, Inc.
2010-2011 - Seth Palatnik, Willamette Management Associates
2009-2010 - Dan Van Vleet, Stout Risius Ross, Inc.
2008-2009 - John S. Worthen, Rathje & Woodward LLC
2007-2008 - James E. Lemperis, Cambridge Partners & Associates, Inc.
2006-2007 - Valda Karlsons, Karlsons & Associates, L.L.C.
2005-2006 - Mary O'Connor, RGL - Forensic Accountants and Consultants

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