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Richard L. Lies, III

Principal, CFA, ASA


Rich is experienced in the valuation of closely held equity securities, partnership interests, and intangible assets, 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, general business planning, financial reporting compliance, general business planning, merger and acquisition consultation and litigation support purposes.  Rich has a B.S. degree in electrical engineering from Northwestern University, and an M.B.A. in finance from the University of Iowa.

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Additional Thoughts

Good news: Testing for goodwill impairment just got simpler
If your company recently purchased another entity, it likely has goodwill on its financial statements. We expect many companies to early-adopt recently issued accounting guidance to take advantage of reduced complexity, time, and costs in applying the goodwill impairment.
Richard L. Lies, III
Article April 06, 2017 2 min read
Portfolio acquisitions: Valuing intangibles
If your private equity firm is performing the valuation of intangible assets of a portfolio company to satisfy the accounting requirements of ASC 805, our observations, best practices, and examples can help.
Richard L. Lies, III
Article February 03, 2016 9 min read