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A distinguishing trademark of VALCOR is the level and depth of experience that its professionals bring to each engagement.  Unlike firms whose senior professionals play only supervisory roles, VALCOR staffs each engagement with highly seasoned professionals who manage the assignment on a day-to-day basis.  We believe this directly results in successful completion of every project and contributes to a continuing reputation as a premier advisory firm.

Ray Clark, CFA, ASA | Managing Member    
(949) 644-8022 |

Ray Clark leads the corporate valuation and litigation services practice for VALCOR.  He possesses twenty-five years of professional experience in corporate finance with significant investment banking, business valuation, corporate restructuring, litigation support and damages analysis expertise across a variety of industries and asset classes.

Ray began his professional career with J.G. Boswell Company (BWEL), which is America’s largest producer of cotton.  While there, he held various positions in accounting, including responsibility for management of the company’s extensive fixed asset portfolio and capital budgeting projects.  From there, Ray became a securities analyst for The Seidler Companies in Los Angeles (now, Seidler Equity Partners), where he was in charge of reorganized securities research, including distressed assets and debt.  Next, Ray went to work for the Shaw Group, a private equity group in San Francisco, where he was part of a team that managed a portfolio of 12 biomedical companies before moving on to lead research for a distressed securities hedge fund.

In all, Ray has managed a wide variety of transactions and assignments and he holds several professional designations for the practice of financial and business analysis and valuation.  He has been directly involved in over 100 transactions worth approximately $2.5 billion in value, has performed over 1,000 formal business valuation engagements as an analyst, many involving complex capital structures, financially troubled companies and real property assets, and he has testified as an expert in numerous cases at the State and Federal level, including Chapter 11.  In addition, he taught nationally advanced business valuation courses for the National Association of Certified Valuation Analysts (NACVA) for over seven (7) years. 

Mr. Clark graduated from University of Southern California, where he earned a Bachelor of Science Degree in Finance and Business Economics.  In addition, Mr. Clark holds three advanced designations in the field of business analysis and valuation including:

  1. Chartered Financial Analyst (“CFA”) designation awarded by the CFA Institute,
  2. Accredited Senior Appraiser (“ASA”) designation awarded by the American Society of Appraisers, and
  3. Accredited Valuation Analyst (“AVA”) designation awarded by the National Association of Valuation Analysts (“NACVA”).

Mr. Clark is a member of several professional associations including the CFA Institute, the Los Angeles Society of Financial Analysts and the American Society of Appraisers.


Ryan Higgins, MBA | Vice President
(310) 410-3200 |

Ryan is a Senior Vice President with VALCOR where he manages a variety of engagements for the analysis and valuation of business and asset interests.  He has prepared a variety of financial analyses and opinions in connection with corporate transactions, financial reporting, tax compliance and commercial litigation.  More specifically, he has prepared analyses of common and preferred stock, various debt instruments and hybrid securities, and intangible assets including brands, trademarks, copyrights and patents.  He has prepared these opinions for a variety of purposes including mergers, acquisitions, corporate reorganizations, and gift and estate tax matters.

Ryan started his professional career with the Huron Consulting Group in Chicago where he was responsible for a variety of business valuation analyses, including valuation of intangible assets and purchase price allocation analysis under ASC 805.  Following that, he held the position of Chief Financial Officer for Commerce Energy. 

Ryan received his MBA in Finance from De Paul University. 


Larry Tomsic | MBA, CPA
(702) 612-7560 |

Larry Tomsic has over 30 years of professional experience and has worked as CFO in several public and private companies across a variety of industries, including real estate development, construction, manufacturing, residential and commercial property management, hospitality, retail, golf courses, agriculture and technology.

In addition, Larry served as a CPA for Deloitte and Touche, as the Director of Internal Audit for a family business, and has managed Human Resources, and has negotiated several lines of credit and managed company acquisitions and sales.

He earned his MBA degree at the University of Denver and graduated with a BS in Accounting from the University of Delaware. He is a member of the AICPA and Nevada Society of CPAs. He taught Accounting classes at the University of Denver, University of Denver and Nevada State College.

Larry has been active in local community affairs as an Elder, Deacon and Treasurer for his church during a major building campaign and served as a local Board Member for the American Cancer Society Relay for Life and the Leukemia Society. Further, he is active in several charitable organizations including MDA, The Salvation Army, and the Las Vegas Rotary club.

He has three adult sons and enjoys photography, local and international travel, has completed 60 triathlons and climbed Mt. Kilimanjaro.





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