Jay E. Fishman, FASA, is a Managing Director of Financial Research Associates and has been actively engaged in the appraisal profession since 1974. He specializes in the valuations of business enterprises and their intangible assets. Mr. Fishman has co-authored several books, including the Guide to Business Valuations (with Shannon Pratt and James Hitchner), Standards of Value (with Shannon Pratt and William Morrison), A Consensus View Q&A Guide to Financial Valuation (with James Hitchner and Shannon Pratt) and The Business Valuation Bench Book (with William Morrison). He has also written numerous articles on business valuations as well as qualifying as an expert witness and providing testimony in twelve states. He has taught courses on business valuation to the Internal Revenue Service, the National Judicial College, the Hong Kong Society of Accountants and on behalf of the World Bank in St. Petersburg, Russia. He taught courses in Moscow, Russia and for the Slovenian Institute of Auditors in Ljubljana, Slovenia.
Mr. Fishman has a specialty in valuing rights of publicity and related intangible assets. His clients have included the Estate of Michael Jackson, Muhammad Ali and Jeff Gordon. He has done valuations of the intellectual property of Marilyn Monroe, James Gandolfini and others.
He holds a bachelor’s and master’s degree from Temple University as well as an M.B.A. from LaSalle University. Mr. Fishman is a Fellow of the American Society of Appraisers, a Fellow of the Royal Institution of Chartered Surveyors, a former Chairman of the Business Valuation Committee of the American Society of Appraisers, Editor of the Business Valuation Review, Chair of ASA’s Government Relations Committee, a former Trustee of the Appraisal Foundation and former member of the Appraisal Standards Board of the Appraisal Foundation. He finished his term as a member of the Appraisal Practice Board of the Appraisal Foundation in July 2016. He was awarded the Chairman’s Public Service Award from The Appraisal Foundation. The award was established in 2005 to recognize individuals who have worked with the Foundation for the benefit of the appraisal profession and who, in the process, have gone above and beyond the call of duty. Mr. Fishman is currently a member of the Board of Trustees of the International Valuation Standards Council (IVSC).