By J. David Smith, ASA, CFA
Intangible assets have continually grown in their importance as a driver of value in businesses, in particular over the past thirty years. In the 1980s large, publicly-traded company values were generally not much greater than the value of their tangible assets while today, the portion of such companies’ value attributable to tangible assets is much lower. The difference is in the intangible assets.
Please contact J. David Smith, ASA, CFA with any questions.
David Smith is a Principal with Hill Schwarz Spilker Keller LLC. He has over twenty years of financial consulting and financial services experience including fifteen years in the appraisal of businesses, business interests, intangible assets for corporate mergers and acquisitions, financial reporting, corporate tax, recapitalization, estate and gift tax, estate planning, employee stock ownership plan and litigation purposes.