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Philip M. Schwab, ASA is a Senior Vice President at FMV Opinions, Inc. in the firm's Orange County, California, office and has significant responsibility for the firm's national valuation discount group. Mr. Schwab has extensive experience in determining discounts for lack of control and lack of marketability for fractional interests in real property and for interests in business entities that hold real property, marketable securities, and other traditional and nontraditional assets. He is also recognized for his expertise in determining the valuation impact of holding investment assets inside a C corporation as well as valuing nonvoting securities, debt instruments, and other nontraditional business interests. Mr. Schwab, who has been with FMV since 1996, has performed valuations involving a wide variety of property types and operating businesses for purposes that include estate taxes, gift taxes, income taxes, litigation support, employee stock ownership plans, and corporate planning.
Prior to FMV, Mr. Schwab spent three years as a Controller and one year as a General Manager of a wholesale distribution company based in Southern California, where his responsibilities included capital expenditure planning, cash-flow management, accounts receivable and accounts payable management, financial statement preparation and analysis, payroll and personnel management, and financial budgeting and analysis.
Mr. Schwab graduated Summa Cum Laude in 1992 from Washington State University with a Bachelor of Arts in Finance. Mr. Schwab is an Accredited Senior Appraiser with the American Society of Appraisers.
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