Sofer Advisors
David Hern, CPA, ABV, ASA, CEPA has a diverse range of work experience in various roles and organizations. David is currently serving as the Chief Executive Officer at Sofer Advisors since March 2019. In addition, they are a member of Vistage Worldwide, Inc. and Young Entrepreneur Council (YEC) since December 2020 and November 2020 respectively.
Prior to their current positions, David worked as the Director of Valuation Services at Alvarez & Marsal from June 2017 to March 2019. David also held the position of Manager of Valuation Services at RSM US LLP from April 2016 to May 2017. During this time, they successfully managed various valuation projects for clients, including a major franchisor, a top US bank, and publicly-traded companies.
Before that, David worked at Alvarez & Marsal as a Manager of Valuation Services from May 2013 to April 2016, where they handled complex valuation assignments and played a crucial role in mediating a contentious buy-out. David also worked as a Senior Consultant at Taylor Consulting Group from September 2011 to May 2013, as an Analyst of Investment Banking at FIG Partners from November 2009 to September 2011, and as a Tax Staff Accountant at Frazier & Deeter, LLC from January 2008 to August 2009.
Overall, David Hern brings a wealth of experience in valuation services, executive leadership, and business consulting to their current role as CEO at Sofer Advisors.
David Hern, CPA, ABV, ASA, CEPA has a Bachelor of Science degree in Management from the Georgia Institute of Technology. David obtained this degree, although the specific start and end years are not provided. David later pursued a Master of Business Administration (MBA) with a focus on Finance, also from the Georgia Institute of Technology, which they completed from 2009 to 2012.
In terms of additional certifications, David Hern is a Certified Exit Planning Advisor (CEPA) obtained from the Exit Planning Institute in August 2019. David also holds the designation of Accredited Senior Appraiser (ASA) in Business Valuation from The Appraisal Foundation. Additionally, they are accredited in Business Valuation (ABV) through AICPA. Lastly, they are a Certified Public Accountant (CPA) certified by NASBA, although the specific years of obtaining these certifications are not provided.
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Sofer Advisors
Sofer Advisors specializes in services for financial reporting, tax valuation, litigation support, succession planning and consulting. Founded in 2019, the company provides financial and valuation services for the following industries: construction, dealerships, franchise organizations, healthcare, insurance, life sciences and more. Our team strategically enables organizations to decide their enterprise and equity value. Our background with financial reporting allows companies to focus on running their business while we take care of the challenging work. We provide many organizations with detailed independent valuations to stand up to any attestation review. Much of our business is based on valuations for closely-held businesses for estate and tax planning purposes. Fair Market Value (FMV) is the price that property would sell for on the open market. The willing buyer and seller would need to agree on the amount, with neither to act, and both have a reasonable knowledge of relevant facts. Our consulting services ensure you get the right valuation and financial information necessary to take the right steps for your business. Research shows that as many of half of all businesses may not have a correct idea of their actual worth. Analytical support is one of our key services and provides support in litigation cases involving the calculation of damages. These may have been incurred through breach of contract, fraud, misrepresentation, or other matters needing specialized financial analysis and expertise. The goal of any good transition is to create opportunity, whether it is the sale of the business to another business, a transfer to a family member, or an incentive plan for employee ownership.