The ABV is another Wizard of Oz necklace given to formerly cowardly CPAs...experts in coming up with the value of a given business.
The AICPA oversees the granting of the necklace, i.e. they are the Wizard. Recipients pay $380 and have a credential that, in theory, tells investment bankers that, when they're involved in the sale of a given company, the ABV/Accredited CPA can back up their estimated numbers, likely mitigating the chance of costly lawsuits down the line.
Think of the ABV credential as a Good Housekeeping seal, or that circled K for Kosher thing that says the business being eaten is acceptable, even for Passover.
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Finance: What is the Investment Advisers...32 Views
Finance a la shmoop. What is the Investment Advisors Act of 1940? [The question written on a blackboard]
All right well a whole lot of acting going on in that 1940 there, best actor Robert [1940s black and white film]
Donat best actress Vivien Leigh, best investment Act yeah this one well too
many poor uneducated folks got taken in the market gyrations of the wild stock [Girl looking offended]
market in the decade and changed before this act happened. So Congress then set
out a whole bunch of standards under which Investment Advisers must act yeah [Documents from the act]
see where we got that whole acting thing all right for example investment [The title of the act is highlighted]
advisors with more than 25 million bucks under their care must register with the [Advisor next to a big sack of money]
SEC making all of their actions quote aboveboard unquote and making it much
harder for fast-talkin city slickers to abscond with the hard-earned savings of [Adviser taking money away from people]
ma and pa farmer. Well the Act also outlined the structure under which
advisors can charge fees and it created the then path-breaking notion that an
investment advisor must put the interests of their client ahead of their [Advisor interests above client interests is swapped around]
own personal interests and this was like a thing back then yeah it sounds
shocking like you wouldn't need to explicitly state this in a modern polite
normal society but in fact the wild world of that era while the notion that [People at a show in the 40s]
you could not in fact actively steal your clients money so now is considered
liberalism go figure... [Liberalism stamp]
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