3xEquity has successfully completed the certification process with the NACVA to earn the CVA designation
OREANDA-NEWS. 3xEquity, the premier online resource for financial valuation services & transition opportunities in the financial advising industry, is proud to announce that it has successfully completed the certification process with the National Association of Certified Valuators and Analysts (NACVA) to earn the Certified Valuation Analyst (CVA) designation.
To become accredited by the NACVA, the candidate is required to successfully complete an intensive training and testing program, and some requirements include having a Certified Public Accountant (CPA) license or a Masters in Business Administration degree from accredited institutions. "NACVA's CVA designation is the only valuation credential accredited by the National Commission for Certifying Agencies® (NCCA®), the accreditation body of the Institute for Credentialing Excellence™ (ICE™)." stated Parnell Black, MBA, CPA, CVA, Chief Executive Officer of NACVA.
This designation allows for an accredited independent valuation of a financial practice by 3xEquity, which has the fastest turnaround time in the industry. Business valuations are most commonly required in conjunction with the purchase or sale of a business, succession planning, buy/sell agreements, charitable contributions, litigation, divorce, estate and gift taxes, and initial public offerings. An independent valuation is critical as it provides great assurance to both the buyer and the seller that they are getting good value for their transaction.
This accreditation allows 3xEquity to authoritatively service the financial advising industry with:
•Determining the current financial value & net flows of their practice
•Projecting the value of their practice in 3 and 5 years
•Buying & Selling of practices
•Providing access to industry partnerships to finance practice purchases
3xEquity also provides subscription services on its site and all subscribers receive access to their online suite of resources that include reports in real time, a marketplace, partner solutions, and a blog. The Marketplace matches sellers with qualified buyers, and Partner Solutions matches buyers with banks that can provide financing. The blog offers advice on practice management, succession planning, transitions and more.
The National Association of Certified Valuators and Analysts (NACVA) is a global, professional association that delivers training from the nation's leading experts in consulting fields such as business valuation, and mergers and acquisitions. Along with its training and certification programs, NACVA offers a range of support services, marketing tools, software programs, reference materials, and customized databases to enhance the professional capabilities and capacities of its members.