J. Benjamin Morgan, CFA, CFE - Vice President

Management Planning, Inc. (MPI), Vice President

Since joining MPI in 2017, Mr. Morgan has executed engagements to value closely-held securities of companies operating in many industries.  In support of the foregoing, he has prepared documented valuation analyses for presentation to management, directors, and stockholders of client companies, as well as to attorneys, accountants, other fiduciaries, and the Internal Revenue Service.  The valuation work and analyses prepared by Mr. Morgan have been used for the following purposes:

  • Provide valuation support in estate and gift tax matters
  • Plan for potential purchases or sales of companies
  • Purchase and sale of minority and/or controlling ownership interests

Brown Smith Wallace (BSW), Manager – Transaction Advisory & Litigation Support

At BSW, Mr. Morgan executed business enterprise and equity valuation engagements from proposal and time budgeting process through financial analysis and final deliverable transmission. He specialized in valuation for gift and estate tax planning, exit strategy, financial reporting, and management planning purposes.  As part of his valuation procedures, he performed detailed due diligence through management interviews and independent research to uncover potential valuation adjustments and cash flow add-backs. Mr. Morgan managed the valuation practice of BSW, including a team of staff and senior associates.

 Ernst & Young (EY), Manager – Transaction Advisory Service – Valuation & Business Modeling

At EY, Mr. Morgan performed fair value premise legal entity valuation for tax and restructuring purposes.  Through goodwill impairment testing and purchase price allocation analysis, he valued intangible assets including trademarks, trade names, customer relationships, patents, and assembled workforce. He managed a team of staff and senior associates on various large and small client engagements. Mr. Morgan supported conclusions through the use of income, market, and cost valuation approaches and performed guideline public company and transaction analysis, discounted cash flow modeling, and cost of capital development.

 Valuation Research Corporation (VRC), Senior Analyst – Portfolio Valuation

While at VRC, Mr. Morgan assisted with the estimation of fair value of illiquid debt and equity securities for financial reporting in SEC filings. Performed credit analysis on portfolio assets of publicly traded investment companies. Assessed creditworthiness and value through ratio and budget analysis. Built complex cash flow excel models for dynamic and flexible scenario analysis.

Publications

  • “5 Reasons You Need a Business Valuation” – St. Louis Business Journal – May 2017
  • “So, What’s Your Startup Worth?” – Entrepreneur Quarterly – November 2016
  • “An end to valuation discounts” – St. Louis Business Journal – September 2016
J. Benjamin Morgan, CFA, CFE
Education
University of Miami, Coral Gables, Florida – Master of Business Administration
University of Miami, Coral Gables, Florida – Bachelor of Business Administration
Chartered Financial Analyst – CFA Institute
Certified Fraud Examiner – Association of Certified Fraud Examiners

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