Richard E. Kohler
Steven M. Rosenbloom
Jess W. Wright, ASA
Joseph E. MacHatton, ASA, CFA
Joseph W. Sharp J.D.
SMK applies a team approach to each valuation
assignment. A minimum of two, and in some cases three, professional
financial analysts are involved in each company assignment.
Our principal began performing business appraisals in 1967
and has been involved in over 2,000 valuation engagements.
SMK's vice president has over 10 years of appraisal experience
and has participated in over 1,000 business appraisals.
One senior analyst specializes in intangible assets and intellectual
Our senior staff is qualified to teach continuing education
classes to attorneys and certified public accountants.
All financial analysts are experienced in multiple industry
appraisals and a variety of equity interest valuations.
Our support staff includes an economist/industry analyst who
performs research and provides data for each valuation client.
The professional staff is variously recognized by and/or participate
in such organizations as:
American Institute of Certified Public Accountants
Florida Institute of Certified Public Accountants
New York Institute of Certified Public Accountants
National Association of Certified Valuation Analysts
American Society of Appraisers
Institute of Business Appraisers
National Association for Business Economics
Richard E. Kohler -
Dick Kohler has been involved in private business valuations since 1967. During theensuing years he has participated in
well over 2,000 assignments and there are very few valuation
practitioners in the country who have as much experience as
Dick. In 1984 he consolidated his own valuation practice to
form Sheldrick, McGehee & Kohler, and was principal owner
of the firm until 2005.
Currently Dick serves as our Chairman, and continues to work
on complex valuation matters. He also oversees special projects
such as fairness opinions and family continuity planning.
Over the years he has helped clients with tax and estate valuations,
buy-sell agreements, and mergers and acquisitions. He has
also been heavily involved with Employee Stock Ownership Plans
(ESOPs), having worked with over 300 ESOP clients. Dick has
been recognized as an expert witness by various court jurisdictions,
including United States Tax Court.
In addition to his valuation work, Dick has served as a board
director, financial advisor, and ownership transition consultant
to numerous privately-owned businesses. Earlier in his career
Dick analyzed acquisitions for a Fortune 500 company, worked
for a member firm of the New York Stock Exchange, and was
an independent consultant.
Dick has a degree from Brown University and has completed
graduate and professional studies in economics, accounting
and corporate finance at the University of North Carolina
at Chapel Hill, the N.Y.U. Graduate School of Business, the
University of Vermont, and the American Institute of Certified
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Steven M. Rosenbloom -
Steven M. Rosenbloom is the president and an equity partner
in the firm. With a background in investments and financial
services, Steve’s primary responsibility is marketing
the firm’s valuation services to a wide range of attorneys,
CPAs, business owners and other clients.
Of special interest to Steve is the fact many older generation
business owners have been slow to sell or transition their
businesses and/or wealth to the next generation. In addition,
baby boomer business owners are now turning 60, and the second
wave of business transactions and asset transfers is not far
off. The combination of these two “asset rich”
generations growing older is now creating an immense opportunity
for professionals to encourage their clients to consider wealth
Steve has extensive experience in the financial services industry.
He began his career as a financial advisor for Merrill Lynch
and later managed offices for both Merrill Lynch and UBS Paine
Webber. He was also the senior vice president and chief investment
officer for Florida Physicians Insurance Company, Inc., where
he managed the company’s initial public offering (IPO)
and oversaw the company’s $400 million investment portfolio.
Steve began his career as an investment advisor and investment
Deeply committed to the Jacksonville area, Steve is a former
board member of Greenscape of Jacksonville, a not-for-profit
organization that has planted over 150,000 trees throughout
Jacksonville, a recent chairman for the Jacksonville Public
Library Board of Trustees, a position that mirrored his own
personal enthusiasm for reading and book collecting, and is
on the board of The River Club. In addition, Steve previously
served as a board member for Beaches Episcopal School and
as an elected commissioner for the City of Atlantic Beach,
Steve has an economics degree from Mercer University in Macon,
Georgia, and has held Series 7, 9, and 10 securities licenses.
Jess W. Wright, ASA -
Jess has been with SMK since 1992, is a senior vice president
and equity partner in the firm, and oversees the valuation
practice as well as staff management and training. Through
the years Jess has become an expert in many areas of the valuation
industry: closely-held business continuity and succession
planning, company acquisitions, sales and mergers, interest
transfers, gift and estate planning, Employee Stock Ownership
Plans (ESOPs), intangible assets and intellectual property,
litigation support, IRS dealings, shareholder dissent, minority
interests, marital dissolution and other transactional engagements.
During his tenure at SMK, Jess has earned the title of Accredited
Senior Appraiser (ASA) with the American Society of Appraisers.
The ASA title is the most recognized and valued designation
in the business valuation industry. He has also been active
in the Employee Stock Ownership Plan Association.
Jess had previously worked as a mergers and acquisitions analyst
for a large holding and investment company. He began his career
as an internal auditor in the mortgage banking industry.
Jess holds a Bachelor of Business Administration degree with
a major in finance from the University of North Florida, located
in Jacksonville. He has also completed additional coursework
in accounting, taxation, management information systems, and
Joseph E. MacHatton, ASA, CFA -
Although Joe has only been in his role as a valuation analyst
since 2005, he has completed appraisals totaling over $3 billion
dollars in value in that short time and
has been promoted to vice president. Joe’s combination
of international business experience and high caliber education
brings a world view perspective to SMK and his work. Joe specializes
in the valuation and appraisal of larger and more complex
structures and arrangements, and is particularly adept at
creating and applying quantitative valuation techniques.
Joe’s most recent experience has been as chief investment
officer for a boutique investment advisory firm handling private
clientele. Prior to that, he held positions in New York, London,
and Mexico City as an investment analyst and strategist specializing
in Latin American equities and bonds. He has also been a chief
investment officer / portfolio manager for a large asset management
Joe began his career as a fund manager and growth stock analyst.
Joe has earned the Chartered Financial Analyst (CFA) designation,
considered the “gold standard” in the investment
industry. He holds an MBA from the University of Connecticut,
and a bachelor’s degree in finance from the University
of New York. In addition, Joe received a Certificate in Credit
Analysis from the New York Institute of Finance and recently earned the Senior Appraiser Accreditation from the American Society of Appraisers.
Due to his extensive work and travel overseas, Joe is fluent
in Spanish and conversational in both French and Portuguese.
Joe has been in the Jacksonville area since 2003 and has become
active in the Jacksonville CFA Society.
Karen Koch -
Karen Koch is a very valuable member of the SMK team. As the
office administrator and project coordinator, Karen is involved
with virtually every aspect of the firm, and is often the
first point of contact for new projects.
Karen is an extremely well organized individual and brings
a very detail-oriented approach to the SMK work platform.
Having been with the firm for over 12 years, her work includes
collecting all of the necessary information (financial statements,
operating agreements, shareholder lists, real estate appraisals,
etc.) to start a valuation project, and tracking these assignments
from start to finish.
A native Floridian, Karen has an Associate in Arts from Florida
Community College, and is currently working toward earning
her business degree from Jacksonville University.
Jenna Daugherty -
Jenna Daugherty is one of the most recent additions to the
SMK team, joining the staff in May 2006 as a research economist.
Her work includes researching and writing about industry conditions
as well as local economic conditions. Additionally, she performs
market research as needed and writes a quarterly update of
U.S. economic conditions.
Prior to joining SMK, Jenna worked with several Jacksonville
nonprofit agencies, performing such duties as program research
and analysis, grant writing, and real estate development.
She was also the Resident Services Manager for a residential
program serving HIV+ persons in the Northeast Florida area.
A native Floridian, Jenna attended the University of Florida
in Gainesville, Florida where she graduated magna cum laude
with a Bachelor of Science degree in May 2004. Jenna majored
in Sociology which gave her much experience with researching
and writing about a variety of topics, including poverty and
international environmental policy.
Joseph W. Sharp, J.D. -
Joseph Sharp is a tax specialist and primarily consults with
SMK clients on tax controversies and disputes involving the
Internal Revenue Service. Though Joe discontinued the active
practice of law, he has a law degree from the University of
Kentucky and is a member of both the Florida and Kentucky
Prior to joining SMK, Joe Sharp spent 33 years with the IRS.
From 1999 to 2005 he was the East Coast Gift & Estate
Tax territory manager where he oversaw ten regional IRS offices
and 85 attorneys administering estate and gift tax returns.
Prior to this position he was the IRS National Coordinator
for Foreign and Abusive Trusts.
Joe Sharp speaks often to organizations, attorney groups and
CPAs on estate and gift tax matters, tax administration policy,
issues surrounding wealth transfer, and is a knowledgeable
resource on various wealth transfer strategies.
In his spare time Joe is the chairman of the Jax Federal Credit
Union and is an extensive traveler to foreign lands.