What is a typical engagement
for Quist?
In short, there is no such thing as a truly “typical”
engagement for Quist. We assist our clients with complex valuation
needs that impact financial reporting requirements, corporate strategic
planning, compliance for tax related issues or support in litigation
matters. We serve both publicly traded and privately held company
clients in nearly every industry imaginable that is located throughout
the U.S. and around the world.
What size companies does Quist work with?
Quist works with a wide range of company clients. Our service offering
is often more dependent on the level of exposure and complexity
of the engagement than on the client size. We work with emerging
clients with revenues under $5M, as well as Fortune 500 publicly
traded entities with revenues of several $B.
What does “independence” really
mean?
Independence is a term that is frequently used incorrectly in the
financial services industry. When Quist uses the term to describe
our philosophy, it means that we never receive consideration for
the transactions that we value. Our fees are never contingent in
nature; therefore, we do not have any interest in the outcome of
the client engagement. Our clients may not always like the answers
they get from us, but they can always be sure that they are 100%
objective, unbiased and reliable. The importance of independence
cannot be understated in light of the recent abuses committed by
U.S. corporations and the introduction of the Sarbanes-Oxley Act
of 2002.
When is the best time to involve Quist?
The valuation work provided by Quist often can serve as both a tool
for planning and as a tool for compliance. Recognizing the need
for valuations early in the planning process allows clients to benefit
fully from our analysis.
How does Quist’s fee structure work?
Quist charges a project based fee that contains specific deliverables
and client approved and agreed upon timetables for completion.
How long does it take to generate a typical
report?
We generally allot two to four weeks to complete a valuation report.
This time period includes our analysis, report writing and quality
control. Several things can impact our ability to deliver our reports
in a timely fashion, including the time required to receive client
financial statements and other documents and the complexity of the
project. We are also frequently asked to deliver reports on accelerated
time frames to meet the needs of our clients, which we are able
to do when necessary.
How did Quist get started?
Quist was founded in Boulder, CO in 1984 by Peter Lindquist and
was primarily focused on tax compliance related business valuation.
In the 21 years since our inception we have expanded our expertise
to include financial reporting, corporate finance and litigation
support practice areas in order to address new challenges for our
clients such as goodwill impairment testing, intellectual property
valuation and stock option valuation, yet we have remained solely
focused on business valuation.
Does Quist provide real estate or machinery
& equipment appraisal services?
Since our inception in 1984, Quist has remained solely focused on
business valuation, and as a result, has been able to create significant
expertise in complex valuation matters. However, we recognize that
our clients often require additional services such as real estate
appraisal and/or machinery and equipment appraisal to satisfy their
valuation needs. Quist has chosen to form strategic alliances with
best of breed appraisers in these areas that we engage when necessary
to serve our clients. In doing so, we are able to provide the best
expertise in each respective area and offer better value by limiting
our overhead. Quist manages all the resources to provide a single
point of contact to our clients.
What are some example projects in which
Quist assisted its clients in solving problems?
Quist accommodates the strict confidentiality requirements of our
clients, which limits our ability to discuss the specifics of our
client engagements. However, we have provided brief descriptions
of some of our recent
client engagements that are representative of our diverse expertise.
Does Quist have specialized industry experience?
Throughout the course of our 21 year history, Quist has provided
valuation services to members of nearly every industry at one time
or another. Our client lists generally reflect the state of the
U.S. and global economies. We have developed specific expertise
in certain industries, including; software, telecommunications,
Registered Investment Advisors, energy, technology and other computer
related manufacturing, and homebuilding and other related construction
and distribution.
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