This Q&A provides helpful information for corporate directors and/or ESOP Trustees regarding the need and use of fairness opinions.

Fairness Opinions

Q&A from an ESOP Perspective

by Timothy R. Lee, ASA and Nicholas J. Heinz, ASA

Fairness opinions assist corporate directors and/or ESOP trustees in making or approving decision concerning strategic and financial events. This Q&A provides helpful information for corporate directors and/or ESOP Trustees regarding the need and use of fairness opinions.

Choosing a New ESOP Appraiser

Download Mercer Capital's Whitepaper  

ESOP valuation is an increasing concern for Trustees and sponsor companies as many ESOPs have matured financially, demographically, and strategically. Given these and other evolving complexities, it is sometimes advisable for ESOP Trustees and the Boards of ESOP companies to consider changing their business valuation advisor.

This whitepaper explores why the Trustee or sponsoring company might opt for a new appraisal provider, how to transition to a new appraiser, and introduces Mercer Capital's valuation process.

Mercer Capital Professionals Attending Spring ESOP Conferences

There are three upcoming ESOP conferences that our professionals will be attending. If you will be attending as well and would like to schedule a time to meet, please let us know.

Tri-Chapter Regional Conference of the ESOP Association
March 25-27, 2012

The NCEO Annual Conference
April 25-27, 2012

The ESOP Association's Annual Conference
May 10-11, 2012


As a bonus for Value MattersTM subscribers, upon publication of each issue we update key economic indicators found in Mercer Capital's National Economic Review and present them for your information.

You are free to reproduce these charts with attribution. 

The National Economic Review ("NER") is an overview of the major factors affecting the US economy. 

Mercer Capital began publishing the NER over 20 years ago. Each full report includes discussions of the current and expected performance of the national economy, interest rates, employment, inflation, the stock and bond markets, and construction, housing and real estate.

Information provided for Value MattersTM subscribers includes:
  • Real GDP
  • Unemployment Rates
  • Trends in Leading, Coincident, and Lagging Economic Indicators
  • Housing Starts
  • Broad Market Index Cumulative Price Returns

Mercer Capital on the Road

May 11, 2012
"The Appraisal Wars"
AICPA/AAML Annual Conference
Z. Christopher Mercer, ASA, CFA, ABAR

May 16, 2012
"Buy-Sell Agreements for Estate Planners"
Wealth Counsel Webinar
Z. Christopher Mercer, ASA, CFA, ABAR 

VOLUME 2012-02

Forward to a friend

Copyright © 2012 Mercer Capital, All rights reserved.

Value Matters (TM) is published six times a year and does not constitute legal or financial consulting advice. It is offered as an information service to our clients and friends. Those interested in specific guidance for legal, tax, or accounting matters should seek competent professional advice. 

To discuss a valuation issue in confidence, please contact us at 901.685.2120 or via email.

Tim Lee

Nick Heinz

Travis Harms

Matt Crow

Chris Mercer