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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 | Managing Director
(650) 213-2246 |

Ryan Higgins is a Managing Director in VALCOR’s Northern California office where he manages a variety of clients and engagements involving valuation, litigation support and M&A advisory. Ryan began working at VALCOR in 2010 as a Vice President in the firm’s Southern California office where he was involved in financial analyses and opinions in connection with corporate M&A transactions and reorganizations, 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. Additionally, Ryan has managed numerous commercial litigation cases involving damages/lost profits, dissenting shareholder appraisal rights, shareholder oppression and patent infringement as part of VALCOR’s litigation support practice.

Ryan began his career as an analyst in the valuation services group at Huron Consulting Group and was also an analyst in the M&A investment banking group at Wells Fargo Securities. Additionally, Ryan was part of the executive management team during the restructuring of a publicly-traded energy company and was most recently a Vice President in Duff & Phelps' investment banking group.

Ryan received his undergraduate degree in business and accounting from the University of Kansas and his MBA from the Johnson Graduate School of Management at Cornell University.





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