Banner Ad_Consumers

Member Bio

Daniel R. Van Vleet, ASA

 

Email: dvanvleet@srr.com

Website: www.srr.com
Contact Information:
1 South Wacker Drive
38th Floor
Chicago, IL 60606
View address on a map

1 (312) 752-3336


Appraiser Profile:

Daniel R. Van Vleet, ASA

Daniel R. Van Vleet is a Managing Director in the Valuation & Financial Opinions Group at Stout Risius Ross (SRR). Mr. Van Vleet has extensive experience providing professional valuation advisory and economic analysis services in the fields of litigation, taxation, and corporate transactions. His advisory and analytical services have been provided in a broad range of industries and for a variety of purposes including fairness and solvency opinions, estate and gift taxation, income taxation, board of directors advisory services, shareholder disputes, marital dissolution, breach of contract matters, intellectual property disputes, corporate transaction disputes, bankruptcy and reorganization, purchase and sale advisement, and other litigation, tax, and corporate transaction related matters.

Mr. Van Vleet has provided professional services in the following industries, among others: advertising, aerospace, agriculture, apparel, architecture, automotive, aviation, beer and wine distribution, business consulting services, biotechnology, cable television, chemical manufacturing, commercial banking, commercial packaging, computers, construction, container manufacturing, dental equipment, direct marketing, e-commerce, education, electrical contracting, engineering, food brokerage and distribution, food processing, forest products, furniture manufacturing and distribution, gaming, genetic engineering, gold mining and exploration, grocery, hedge funds, high frequency trading, HVAC, hotels, insurance, investment banking, investment management services, law, liquor distillers and distributors, management consulting, marine, medical equipment, medicine, merchandise vending, metal fabrication, mobile data communications, mortgage banking, motion pictures, multi-level marketing, newspapers, office equipment, oil and gas pipelines and exploration, operations consulting, paper brokerage and distribution, pari-mutuel racing, petrochemical, pharmaceuticals, plastics, publishing, pulp and paper machinery manufacturing, quick service restaurants, real estate development and brokerage, resort/recreation, restaurants, retail, soft drinks and beverages, television and radio broadcasting, tobacco, transportation and trucking, and wholesale distribution.

Mr. Van Vleet is a contributing author to a number of business valuation books. He has also lectured extensively and presented numerous advanced education seminars on the subjects of business valuation, pass-through entity valuation, litigation advisory services, and transaction advisory services. In addition, he has testified as an expert witness at trial in state and federal courts, arbitrations, and depositions.

Prior to joining SRR, Mr. Van Vleet was a Managing Director with Duff & Phelps, LLC in its Valuation Advisory Services Group in Chicago. Prior to his affiliation with Duff & Phelps, LLC, he was the Managing Director in charge of the Chicago office of Willamette Management Associates.

Mr. Van Vleet sits on the International Executive Committee of the American Society of Appraisers.  He is a former President of the Business Valuation Association of Chicago and a former President of the Chicago Chapter of the American Society of Appraisers.  He is also a member of the Chicago Estate Planning Council and the valuation editorial review board for Trusts & Estates magazine.

Mr. Van Vleet has served as an adjunct professor of finance at the Kellstadt Graduate School of Business at DePaul University and a Continuing Education Instructor at Northwestern University. He also serves as a business valuation instructor for the American Society of Appraisers.  He holds an MBA from the Graduate School of Business at the University of Chicago.
 
Testimony Experience:

Tong Hu, et al. vs. Sun Holdings, LLC, State of Illinois, Circuit Court for the County of Cook, 2011

Chrysler Dealer Termination Hearings, American Arbitration Association, Illinois, 2010

Mark Boyce v. Soundview Technology Group, Inc., U.S. District Court, Southern District of New York, 2008

Salt Lake Tribune Publishing Co., LLC v. Management Planning, Inc., U.S. District Court, District of Utah, 2007

In the Matter of the Revocable Trust Agreement of Kay Joan Brown, State of Indiana, Circuit Court for the County of Huntington, 2006

William Harrison Crabel and Lori Marie Crabel, State of Wisconsin, Circuit Court for the County of Ozaukee, 2005

In re Tomahawk Limited Partnership, U.S. Bankruptcy Court, Northern District of Illinois, 2004

E. Jerome McCarthy v. Lyle W. Miller, State of Michigan, Circuit Court for the County of Ingham, 2003

SFX Sports Group, Inc. vs. Clear Channel Communications, Inc., American Arbitration Association, Illinois, 2002

Align Risk Analysis, Inc. v. Robin Robinson, State of Illinois, Circuit Court for the County of Cook, 2002

In the Marriage of Eda Eisenberg and Jeffrey Eisenberg, State of Illinois, Circuit Court for the County of Cook, 2002

Dye v. Dye, State of Indiana, Circuit Court for the County of Whitley, 2001

Telechron of Florida, Inc. v. General Electric Company, American Arbitration Association, Indiana, 1999

Mary Keough Lyman v. Herbert M. Lyman, Sr., State of Iowa, District Court for the County of Johnson, 1999

Kuban Dissolution of Marriage, Moss & Barnett, PC, State of Minnesota, District Court, 1999

Pachmeyer v. Gibson & Associates, Piper Marbury Rudnick & Wolfe, State of Illinois, Circuit Court for the County of Cook, 1999

Warren E. Shoulders v. J.A. Knight and Heat Controller, Inc., State of Michigan, Circuit Court for the County of Jackson, 1997

Linda M. DiMichele v. Dean DiMichele, Farrell Law Firm, Godfrey, Illinois 1997

Estate of Richard Clatch v. Quality Beer Distributors, Power Rogers & Smith, P.C. Circuit Court for the County of Cook, 1996

Book Publications:

“The Van Vleet Model”, Financial Valuation: Application and Models, 2nd ed., edited by James R. Hitchner, New Jersey: John Wiley & Sons, Inc., 2006

“Valuation of S Corporations and Other Pass-Through Entities”, Business Valuation & Taxes: Procedure, Law and Perspective, edited by Shannon P. Pratt, Ph.D. and U.S. Tax Court Judge David Laro, 1st ed., New York: John Wiley & Sons, Inc., 2005

“Discounts and Premiums in Undivided Interest Valuations”, Business Valuation Discounts and Premiums, edited by Shannon P. Pratt, Ph.D., 1st ed., New York: John Wiley & Sons, Inc., 2001

“Litigation”, Valuing Small Businesses and Professional Practices, Shannon P. Pratt, Ph.D., 3rd ed. New York: McGraw-Hill, 1998

“Fair Value in Dissenter Actions”, Financial Valuation: Businesses and Business Interests, 1997 Update, edited by James H. Zukin, New York: Warren, Gorham & Lamont, 1997

Articles:

“Warning! The Service Believes S Corporations are Undervalued,” The SRR Journal, Fall 2010

“Higher Valuation Discounts for Undivided Interests?” The SRR Journal, Spring 2010

“Fast Track Your IRS Disputes”, Trusts & Estates Magazine, June 2009, Co-authored with Lawrence B. Gibbs, former Commissioner of the Internal Revenue Service

 “Valuation Impact of the Built-in Gains Tax Liability”, The SRR Journal: Trusts & Estates Edition, Summer 2009

“An IRS Alternate Dispute Resolution Process: The Fast Track Settlement Program”, The SRR Journal: Trusts & Estates Edition, Summer 2009, Co-authored with Lawrence B. Gibbs, former Commissioner of the Internal Revenue Service

“A Review and Critique of the Fannon S Corporation Model”, Business Valuation Review, Business Valuation Committee of the American Society of Appraisers, March 2008

“What’s an S Corp Really Worth”, Trusts & Estates Magazine, December 2007

“S Corporation Valuation Update”, Financial Valuation and Litigation Expert, February, 2007

 “Appraisers: An Important Resource”, American Bankruptcy Institute, Law Review, July/Aug 2004

“The S Corporation Economic Adjustment Model”, Business Valuation Review, Business Valuation Committee of the American Society of Appraisers, December 2004

“The S Corporation Economic Adjustment Model Revisited”, Willamette Management Associates Insights, Winter 2004

“The Valuation of S Corporation Stock: The Equity Adjustment Multiple”, Pennsylvania Bar Association, Pennsylvania Family Lawyer, May-June 2003

“A New Way to Value S Corporation Securities”, Trusts & Estates Magazine, March 2003

“Valuing a Hedge Fund”, Family Advocate, American Bar Association, January 2003

“The Valuation of S Corporation Stock: The Equity Adjustment Multiple”, Willamette Management Associates Insights, Winter 2003

“Intangible Asset Valuation Issues Under SFAS 142”, Willamette Management Associates Insights, Winter 2002

“Valuation of Copyright Intellectual Property”, Willamette Management Associates Insights, Summer 2002

“Valuation Analysis of Restricted Stocks of Public Companies”, Mergers & Acquisitions, January 1999

“Application of Daubert-Related Decisions on Economic Damages Expert Testimony” Willamette Management Associates Insights, Autumn 1999

 “Economic Analysis Related to Controversy Matters” Willamette Management Associates Insights, 30th Anniversary Issue, 1999

“Revised Edition of Valuation Training for Appeals Officers Coursebook” Willamette Management Associates Insights, Summer 1998

“Valuation Analysis of Restricted Stocks of Public Companies” Willamette Management Associates Insights, Winter 1999

“Fair Value in Dissenting Shareholder Disputes” Willamette Management Associates Insights, Winter 1997

“Business Plans and Financing Memorandums” Willamette Management Associates Insights, Spring 1997

 “Murphy and Frank Provide Insight on Minority Interest Discounts” Willamette Management Associates Insights, Autumn 1996

“Estate of Bonner: Court of Appeals Allows Valuation Discount for Fractional Undivided Interests” Willamette Management Associates Insights, Autumn 1996

“Final Regulations Issued regarding Section 2701 Valuation Rule Gift and Estate Tax Adjustments” Willamette Management Associates Valuation Insights, Winter 1995

“Quantitative and Qualitative Considerations in the Valuation of Medical Practices” Willamette Management Associates Insights, Fall 1995

“IRS Letter Ruling Requires Different Valuation on Closely Held Stock for Estate Tax Purposes and for Marital Deduction Purposes” Willamette Management Associates Insights, Summer 1994

Speeches and Seminars:

“Valuation of S Corporations”, presented to the Illinois Certified Public Accountants Society, May 10, 2011

"Effectively Defending Discounts for Lack of Marketability," SRR Webinar, November 10, 2010

“Valuation of Controlling Equity Interests in Pass-Through Entities,” presented to the American Society of Appraisers and the Business Valuation Association of Chicago in Chicago, Illinois, May 21, 2010

“Estate of Litchfield v. Commissioner: The Latest Development in the Evolution of Case Law Recognizing Built-in Gains Tax Liabilities,” SRR Webinar, April 22, 2009

“The S Corporation Economic Adjustment Model”, presented to the Minnesota Society of Certified Public Accountants at the Business Valuation Conference in Minneapolis, Minnesota, October 2008

“The S Corporation Economic Adjustment Model”, presented to the Wisconsin National Association of Certified Valuation Analysts at the Business Valuation Education Seminar in Milwaukee, Wisconsin, October 2008

“The S Corporation Economic Adjustment Model”, presented to the Minnesota Society of Certified Public Accountants at the Business Valuation Conference in Brookfield, Minnesota, May 2008

“The S Corporation Economic Adjustment Model”, presented to the Foundation for Accounting Education and the New York State Society of Certified Public Accountants in New York, New York, May 2008

“The S Corporation Economic Adjustment Model”, presented to the American Society of Appraisers in Philadelphia, Pennsylvania, March 2008

“Tax Affecting is Not the Issue – Never Was”, presented to The American Institute of Certified Public Accountants at the National Business Valuation Conference in New Orleans, Louisiana, December 2007

 “The S Corporation Economic Adjustment Model”, presented to The Institute of Business Appraisers at the National Business Valuation Conference in Denver, Colorado, June 2007

“Valuing Pass-through Entities”, presented to The Institute of Business Appraisers at the National Business Valuation Conference in Denver, Colorado, June 2007

“The S Corporation Economic Adjustment Model”, presented to the National Association of Certified Valuation Analysts at the National Business Valuation Conference in Washington, DC, June 2007

“The Valuation and Analysis of S Corporations”, presented to the Center for Advanced Valuation Studies of the American Society of Appraisers in Washington, DC, May 2007

“The S Corporation Economic Adjustment Model”, presented to the American Society of Appraisers, Miami Chapter in Miami, Florida, November 2006

“Valuation of a Privately Owned Business”, presented to the School of Continuing Studies of Northwestern University in Chicago, Illinois, September 2006

“The Income Approach” presented to the American Society of Appraisers in Washington, DC, September 2006

“The Valuation of Pass-through Entities”, presented to the Illinois Institute of Certified Public Accountants in Chicago, Illinois, May 2006

“Marketing Your Practice and Yourself”, presented to the American Society of Appraisers in Chicago, Illinois, February 2006

“S Corporations and Pass-through Entities”, presented to the American Institute of Certified Public Accountants and the American Society of Appraisers at the National Business Valuation Conference in Las Vegas, Nevada, November 2005

“The S Corporation Economic Adjustment Model”, presented to the National Association of Certified Valuation Analysts at the Massachusetts Institute of Technology in Boston, Massachusetts, October 2005

“Quantifying Discounts for Lack of Marketability and Lack of Liquidity”, presented to the American Society of Appraisers and the Business Valuation Society of Chicago in Chicago, Illinois, October 2005

“Quantifying Discounts for Lack of Marketability and Lack of Liquidity”, presented to the American Society of Appraisers at the Thirteenth Annual Seminar on Current Topics in Business Valuation in New York, New York, May 2005

“The Valuation of Pass-through Entities: The Plot Thickens”, presented to the American Institute of Certified Public Accountants at the National Business Valuation Conference, in Orlando, Florida, November 2004

“The S Corporation Economic Adjustment Model”, presented to RSM McGladrey, Inc at the National Business Valuation Training Seminar in Chicago, Illinois, November 2004

“Business Valuation Made Understandable for Estate Planners”, presented to the Illinois Institute of Continuing Legal Education at the 14th Annual Estate Planning with the Masters Series in Chicago, Illinois, October 2004

“The S Corporation Economic Adjustment Model”, presented to the Business Valuation Association of Chicago in Chicago, Illinois, September 2004

“S Corporation Valuation Issues: Tax Affecting Income and Minority vs. Control”, presented at an Internet National Conference of Business Valuation Resources, LLC, June, 2004

“The S Corporation Economic Adjustment Model”, presented to the Institute of Business Appraisers at the 2004 Annual National Business Valuation Conference in Las Vegas, Nevada, June 2004

“The Value of Pass-through Entities”, presented to the New Jersey Society of Certified Public Accountants at the Valuation and Litigation Support Conference in West Orange, New Jersey, October 2003

“The S Corporation Economic Adjustment Model”, presented to the American Society of Appraisers at the 22nd Advanced Business Valuation Conference in Chicago, Illinois, October 2003

“The Valuation of Limited Partnership Interests”, presented to The Center for Professional Education in Chicago, Illinois, July 2003

“S Corporations vs. C Corporations: Important New Valuation Issues”, presented to the Alliance of Mergers and Acquisitions Advisors at the 9th Annual SuperConference in Chicago, Illinois, July 2003

“Panel Review of New Research Articles in the Field of Business Valuation”, presented to the American Society of Appraisers at the 21st Advanced Business Valuation Conference in Orlando, Florida, October 2002

“Finance 798: Business Valuation”, taught at the Kellstadt Graduate School of Business of DePaul University, Chicago, Illinois, 2nd Quarter, 2001

“Finance 798: Business Valuation”, taught at the Kellstadt Graduate School of Business of DePaul University, Chicago, Illinois, 1st Quarter, 2001

 “International Business Valuation Analysis and Non-Performing Loans”, presented to the Chicago Institute of Futures and Options and Hanvitt Bank of Seoul, Korea at the Comprehensive Financial Management Program in Chicago, Illinois, May 2000

“Valuation of Independent Trust Companies”, presented to Association of Independent Trust Companies in San Francisco, California, October 1999

“Recent Court Case Developments in Business Valuation”, presented to the American Society of Appraisers in Chicago, Illinois, November, 1998

“Recent Court Case Developments in Business Valuation”, presented to the Estate Planning Council of Greater Joliet, Joliet, Illinois, August 1998

“Expert Witness Training for General Engineers and Appraisers” presented to the Internal Revenue Service, Office of Chief Counsel in Chicago, Illinois, July 1998

“Current Issues in Business Valuation”, presented to the Illinois Association of Certified Public Accountants in Chicago, Illinois, May 1998

“How to Value a Business—Reconciling Theory with Real World Practice”, presented to the Twin Cities Society of Securities Analysts in Minneapolis, Minnesota, February 1998

“Distinguishing Professional & Enterprise Goodwill in Dissolutions”, presented to the Kentucky Bar Association in Lexington, Kentucky, January 1997

“The Asset Accumulation Approach to Business Valuation”, presented to the Venture Club of Indiana in Indianapolis, Indiana, October 1996