Strategic Valuation Group - Business Value Advisors
Strategic Valuation Group
   







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Kelly L. Carrier-Bianco :: James B. Hankins :: Todd F. Bryarly :: Rhonda L. Czifra
Corinne R. Surano

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KELLY L. BIANCO (top)

Kelly L. Carrier Professional Experience

Over ten years of full-time, exclusive, valuation experience. Directly appraised or managed the appraisals of over 500 companies, including operating companies, professional practices, holding companies, family limited partnerships, and start-ups. Niche areas of valuation expertise include intangible assets and stock options for financial reporting purposes. Has successfully defended her opinions of value in litigation that include marital dissolutions, shareholder disputes and estate tax disputes.

Managing Director - Strategic Valuation Group LLC, Business Value Advisors
Principal - Smith Evans Carrier Valuation Advisory Services
President - Kelbrook Public Accounting
Staff Accountant - Packard Electric, division of General Motors
Staff Accountant - Black, Bashor & Porsch CPAs

Professional Memberships
American Society of Appraisers (ASA)
The Financial Planning Association
Institute of Business Appraisers, Inc. (IBA)
American Institute of Certified Public Accountants (AICPA)

Professional Designations
March 2003 Accredited Senior Appraiser in Business Valuation (ASA). Designation awarded by the American Society of Appraisers. The American Society of Appraisers has a mandatory re-certification program for all its senior members every five years.
October 2002 Certified Public Accountant (CPA). Certification by the Accountancy Board of the Commonwealth of Pennsylvania.
February 2000 Certified Public Accountant/ Accredited in Business Valuation (CPA/ABV). Designation awarded by the American Institute of Certified Public Accountants to CPAs who possess substantial experience in business valuation and pass a written exam.
March 1999 Certified Business Appraiser (CBA). Designation awarded by the Institute of Business Appraisers, Inc.
November 1998 CERTIFIED FINANCIAL PLANNER™ professional (CFP®). Designation awarded by the College for Financial Planning.
December 1994 Certified Public Accountant (CPA). Certification by the Accountancy Board of the State of Ohio.

College Education
1986 to 1990 Grove City College, Grove City, Pennsylvania. Graduated Summa Cum Laude, first in her graduating class. Bachelor of Arts - concentration in Mathematics and Accounting
1990 PICPA award for Excellence in Accounting Studies-Grove City College.

Valuation Education
Has completed extensive business valuation-related Continuing Professional Education (CPE) credit hours in specialized courses, seminars, and conferences sponsored by the American Society of Appraisers (ASA), The Institute of Business Appraisers, Inc. (IBA), American Business Appraisers (ABA), the American Institute of Certified Public Accountants (AICPA), and the Association for Corporate Growth (ACG):
- IBA - National Conferences, Excellence in Expert Witnessing Skills 5-day workshop, Master Expert Testimony 5-Day workshop
- ASA - "Accounting For Goodwill" course instructor; International BV Conferences
- AICPA - National BV Conferences; self study and webcast seminars
- PICPA - BV Seminars
- ABA - National Conferences
- IBA - BV Seminars
-Business Valuation Resources - Teleconferences

Professional and Civic Organizations
President American Society of Appraisers, Pittsburgh Chapter - 2006 - 2009
Past President of the Shenango/Mahoning Valley Estate Planning Council
Past Secretary/Treasurer of the Shenango/Mahoning Valley Estate Planning Council
Grove City College Entrepreneurship Advisory Council - 2006 - 2007
Member of the Estate Planning Council of Cleveland

Valuation Speaking Engagements and Seminars Taught
"Practicalities and Pitfalls of the Direct Market Data Method" ASA National Conference, Pittsburgh, July 2001
"Accounting For Goodwill" ASA Pittsburgh Chapter, January 15, 2002 and PICPA, Estate and Personal Financial Planning, November 2002
"SFAS 141 and 142 - Accounting for Business Combinations and Goodwill" The Appraisal Institute Pittsburgh Chapter, March 14, 2002
"The Transaction Method: An Analyst's Perspective" IBA National Conference, Washington D.C., May 4-7, 2002
"Valuation of Companies: The Practical Aspects" American Management Association, taught annually
"Managing Your Business as an Investment" Youngstown State University Business and Industry Conference, Youngstown, OH, October 18, 2002
"Business Valuation: 141/142 Financial Reporting" DFK International Conference, Pittsburgh, June 2003
"Intangible Asset and Reporting Unit Valuation: 141/142" Ernst & Young LLP Conference, Pittsburgh, June 2003
"Intangible Asset Valuation" Fay, Sharpe, Fagen, Minnich & McKee LLP, Cleveland, August 2004
"Valuations of a Closely Held Business, Particularly in the Context of a Sale to Outsiders " Walter & Haverfield LLP, Cleveland, November 2004
"Valuation...Is It All Relative?" FEI Private Companies Group, Pittsburgh, June 2006
"Managing the Value of Your Business" Peer Assembly, Peer Circles, Portsmouth, NH, January 2008

Valuation Publications
"Debt and Equity Weightings in WACC" CPA Expert, Fall 1998

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JAMES B. HANKINS, JR. (top)

Kelly L. Carrier Professional Experience

More than 25 years experience in public accounting, including 16 years full time experience as a business and intangible asset appraiser, expert witness and consultant. He has directed hundreds of business and intangible asset valuation and consulting engagements in the disciplines of business valuation, intellectual property and intangible asset appraisal, litigation support, purchase price negotiations and transactional consulting, and creating shareholder value.


Managing Director, Pittsburgh - Strategic Valuation Group LLC
Shareholder - Alpern Rosenthal
Manager - Parks & Niles, CPAs
Senior Accountant - Smith Batchelder & Rugg
Senior Accountant - Seelye & Schultz, CPAs
District Accountant - Browning Ferris Industries - Brighton, MA District

Professional Memberships
Associated for Corporate Growth (ACG)
American Society of Appraisers (ASA), Candidate Member
National Association of Certified Valuation Analysts (NACVA)
Institute of Business Appraisers, Inc.(IBA) December
Pennsylvania Institute of Certified Public Accountants (PICPA)
American Institute of Certified Public Accountants (AICPA)

Professional Designations
October 2008 Certified in Financial Forensics (CFF) - Awarded by the American Institute of Certified Public Accountants to CPAs who possess substantial experience in forensic accounting and business valuation.
February 2000 Business Valuator Accredited in Litigation (BVAL) - Awarded by the Institute of Business Appraisers to valuation professionals who possess substantial experience in providing expert witness testimony and pass a written examination.
December 1998 Accredited in Business Valuation (ABV) - Awarded by the American Institute of Certified Public Accountants to CPAs who possess substantial experience in business valuation and pass a comprehensive written examination.
February 1997 Certified Valuation Analyst (CVA) - Awarded by the National Association of Certified Valuation Analysts to CPAs who possess experience in business valuation and pass a comprehensive written examination.
December 1995 Certified Public Accountant (CPA) - Certification by the Commonwealth of Pennsylvania State Board of Accountancy.
October 1987 Certified Public Accountant (CPA) - Certification by the New Hampshire Board of Accountancy.
Each of the above designations has mandatory continuing professional education and recertification requirements.

College Education
1979 to 1984 University of Pittsburgh, Pittsburgh, Pennsylvania. Bachelor of Science - Business Management, Accountancy and Economics.
1995 Certificate of Educational Achievement in Business Valuation for completion of the AICPA's integrated program.
1992 Completed training on the techniques developed by the Harvard Negotiation Project.

Valuation Education
Has completed over 600 hours of Continuing Professional Education (CPE) credit hours in specialized courses, seminars, and conferences related to business and intangible asset valuations and litigation support theory and practice sponsored by the ASA, IBA, AICPA, NACVA and other organizations:
- IBA - National Conferences, Excellence in Expert Witnessing Skills 5-day workshop, Master Expert Testimony 5-Day workshop
- ASA - "Accounting For Goodwill" course instructor; International BV Conferences
- AICPA - National BV Conferences; self study and webcast seminars
- NACVA - National Association of Certified Valuation Analysts


Professional and Civic Organizations
Member of the AICPA's Management Consulting Services Section
Appointed to serve on the AICPA's ABV Credential Committee's Mentor Task Force
Appointed to serve on the PICPA's Forensic and Litigation Support Committee
Past member of the Board of Directors of the American Society of Appraisers Pittsburgh Chapter
Treasurer – Mt. Lebanon Community Endowment
President – Mt. Lebanon Soccer Foundation
Director – Mt. Lebanon Soccer Association
Past Vice President - Community Development of Key West Jaycees
Past Director of Key West Toastmasters Club

Valuation Speaking Engagements and Seminars Taught
Mr. Hankins lectures on business and intellectual property valuation, litigation support and expert witness testimony, and other technical issues to professional organizations, the finance departments of various clients, and local business and civic organizations including Financial Executives International (FEI), the Association for Corporate Growth (ACG), Penn State and the Community College of Allegheny County (CCAC).

Todd F. Bryarly (top)

Professional Experience
Financial services experience includes financial planning and auditing, with specialization in investments, equities, trading, retirement plans, insurance, income and tax planning. Assisted in developing planning steps for trust investment, broker/dealer, registered investment advisor, profit sharing plans and insurance audits. Equity research analyst experience in the banking and financial institution industry, including reporting and detailed financial modeling. Has worked on engagements relating to the valuation of closely held businesses, pass-through entities, professional practices, and intangible assets.

Consulting Manager - Strategic Valuation Group LLC
Equity Research Analyst, Vice President - National City Corporation
Senior Auditor - PNC Financial Services Group, Inc.
Equity Research Analyst - Zacks Investment Research, Inc.
Graduate Research Assistant - Youngstown State University
Financial Planner - First Educators Investment Corp.

Professional Memberships
August 2007 - Candidate, American Society of Appraisers
May 2007 - Institute of Business Appraisers
September 2006 - Regular member of the CFA Institute
September 2006 - CFA Society of Pittsburgh

Professional Designations
September 2006 Chartered Financial Analyst (CFA). Designation awarded by the CFA Institute.
May 2006 CERTIFIED FINANCIAL PLANNER™ professional (CFP®). Designation awarded by the Certified Financial Planner Board of Standards.
October 2002 Passed Ohio Agent's Property and Casualty Insurance exam (inactive status).
September 2002 Passed Ohio Agent's Life, Accident and Health exam (inactive status).

College Education
2003 to 2004 Youngstown State University, Youngstown, Ohio. Master of Busines Administration (MBA)
1997 to 2001 Youngstown State University, Youngstown, Ohio, Bachelor of Science in Business Administration - major:Finance.

Valuation Education
Has completed financial and valuation-related Continuing Professional Education (CPE) credit hours in specialized courses, seminars, and conferences sponsored by the Estate Planning Council of Cleveland (EPC), American Society of Appraisers (ASA), Insitute of Business Appraisers (IBA), Lorman Education Services, and The Association for Corporate Growth (ACG).

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Rhonda L. Czifra (top)

Professional Experience
Experience includes work on engagements related to the valuation of closely-held businesses, pass-through entities, professional practices, and intangible assets, as well as assisting on litigation support and transactional projects. Over 15 years experience in accounting and financial analysis within a corporate environment. Has utilized quantitative and organizational skills to provide solutions, reach objectives and meet deadlines.


Consultant - Strategic Valuation Group LLC
Department Manager/Analyst - Commercial Metal Forming
Senior Accountant/Analyst - Commercial Metal Forming
Corporate Financial Analyst - Commercial Intertech Corp.

Professional Memberships
November 2010 - American Society of Appraisers

Professional Designations
Currently working towards attaining business valuation designations.

College Education
Master of Financial Economics (MA), Youngstown State University, 2009 , Youngstown, Ohio. Completed projects in Time Series Analysis, Business Valuation, Econometrics, Financial Management and Securities Analysis.
1989 Bachelor of Science, Business Admin., Youngstown State University, Youngstown, Ohio, Graduated Summa cum Laude.

Valuation Education
Has completed valuation-related Continuing Professional Education in specialized courses, seminars, and conferences sponsored by the American Society of Appraisers (ASA), The Institute of Business Appraisers, Inc. (IBA), and the American Institute of Certified Public Accountants (AICPA).

Corinne R. Surano (top)

Corinne R. Surano Professional Experience
Over ten years experience in office management, marketing and executive administration concentrated in the business valuation and corporate financial sectors. Past experience in private business includes accounting, purchasing, health-club management and fitness training, retail management and marketing, and full-service advertising. Current role includes all aspects of operations, including administration, marketing, report preparation, accounting, and office management.

Director of Operations - Strategic Valuation Group LLC, Business Value Advisors
Office Manager - Smith Evans Carrier Valuation Advisory Services
Executive Assistant to Chief Financial Officer - Winner Holdings
Accounting/Purchasing - Winner International, Inc.
Manager - Club South Health & Fitness Center
Assistant Mall Manager - Southern Park Mall, DeBartolo Corp.
Advertising Dept. - Strouss Department Stores
Advertising Production Manager/Copywriter - R. A. Sherman and Associates

Education
Has completed college and professional courses related to marketing and Microsoft Office applications.