BV545 Beyond the OPM: Advanced Strategies for Equity Allocation

Includes a Live Web Event on 08/29/2024 at 1:00 PM (EDT)

Class Date/Time

Thursday, August 29, 2024
1:00pm-3:00pm Eastern Standard Time

Registration Includes

  • Access to virtual webinar via zoom will be accessible via education dashboard (login required)
  • Electronic webinar handout(s)*

*Any webinar handouts will be made available to registrants the morning of the live event and made accessible via your education dashboard (login required). Once handouts have been posted for download, the class is no longer refundable. 

Continuing Education (CE) Credit

This webinar will award 2.4 CE/CPE hour(s) for the live event. 

If you are a designated member of ASA, CE credit will automatically be entered into your record after you participate in the live webinar and complete any required post-webinar components within the Course Wrap-up section.  

NASBA and Continuing Professional Education (CPE) Credit

Policies: ASA's Refund and Cancellation Policy and ASA's Complaint Resolution Policy. ASA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website

CPE Credit: Up to (2.4) CPE credits
Program Level: Intermediate
NASBA Knowledge Type: Specialized Knowledge
Delivery Method: Virtual
Prerequisites: None
Advanced Preparation: None 

Webinar Description

While a workhorse model in the toolkit of valuation professionals, the OPM cannot handle all areas of equity allocation. This webinar will start with an explanation of the OPM and it's use cases. Following this, we will move onto several unique situations where the model breaks down. For example, we will discuss how to deal with non-linear payout structures, external factors such as a drug approval,  and transitions to a public company capital structure. We will use real world examples based on production models of each.

Instructional Methods

Methods include lecture, visual PPT presentation and polling questions. 

Course Audience

Valuation Practitioners, Companies, Auditors, or anyone who is involved with the valuation of equity instruments for private companies.

Learning Level 


The webinar will broadly cover the following areas which are fundamental to performing valuations in an emerging market context: 

1. Introduction to the OPM. 
2. Fundamental Assumptions underlying the model. 
3. Dealing with special circumstances.
4. Q&A

Upon completion of this course, students will be able to:

  • Implement the OPM to allocate equity amongst privately held company securities; 
  • Identify unique circumstances when a different valuation approach might be more suitable for the valuation of equity instruments in a private company;  
  • Explain (to various stakeholders) the key assumptions and methodology behind the Option Pricing Model; and 
  • Introduce alternative solutions for the valuation of equity instruments in a private company when the Option Pricing Model is not a viable solution.


All course materials included with you registration are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution. All downloadable materials are accessible via your education dashboard (login required). Once eMaterials have been posted for download, the class is no longer refundable.

Accessing eMaterials

eMaterials are provided electronically in PDF format and posted to the class the morning of the live event and listed within the education dashboard for all registrants to securely access prior to the start of the webinar. When opting to print downloadable materials, it is recommended that settings be adjusted to print in black and white (or grayscale) and consider printing double-sided on recycled paper.

Certificate of Completion

A certificate of completion will be available to view and/or download immediately via your education dashboard once all required components are completed. 

Josh Schaeffer, PhD.

Managing Director

Equity Methods

Josh Schaeffer is a managing director and practice leader for Equity Methods’ valuation practice. He leads the delivery of valuation and advisory services related to complex securities. Josh works closely with finance executives across a broad array of public and private firms. His clients range from early-stage, pre-IPO upstarts to some of the largest public companies in the world. He’s a frequent presenter for the National Association of Stock Plan Professionals, the American Society of Appraisers, and other industry organizations. Prior to joining Equity Methods, Josh worked with Deloitte Financial Advisory Services and Cornerstone Research. In these roles, he focused on valuations and statistical analyses of businesses and investments for financial reporting, tax, consulting, litigation, and arbitration purposes.

Nikhil Guruji

Senior Consultant

Equity Methods

Nikhil Guruji is a Senior Consultant and brings a diverse background in quantitative finance, mathematics, and programming to the Equity Methods Valuation Services Group. Nikhil leads the valuation of various complex financial instruments such as warrants, structured products, convertible securities, contingent considerations, and interest rate-related derivative securities, along with various equity compensation instruments for ASC 718 compliance.  Nikhil holds a Masters in Financial Engineering from the University of California, Los Angeles – Anderson School of Management, and a Bachelors in Electrical Engineering from National Institute of Technology, Warangal, India. He is a Certified Financial Risk Manager (FRM).


Live Virtual Event
Zoom Webinar Access
08/29/2024 at 1:00 PM (EDT)  |  120 minutes
08/29/2024 at 1:00 PM (EDT)  |  120 minutes Join link will be active 10 minutes before the scheduled live webinar. Once you click on the join link, you will be re-directed to the zoom event waiting room and the host will allow you to join shortly. If you experience technical issues joining via the link, we highly recommend to dial-in via a telephone until you are able to troubleshoot your access issue that may be related to personal settings, pop-up blockers, firewall etc. In addition, refreshing, or logging off and re-joining typically resolves access issues. Please email if you've exhausted all recommended troubleshooting tips. Thank you.
Course Wrap-up
BV545 Webinar Evaluation
15 Questions
15 Questions We appreciate you taking the time to complete this course evaluation. Your feedback is vital to ASA to provide quality education and courses. Thank you in advance for your valuable feedback as it will continue to help ASA shape future educational initiatives. Sincerely, The ASA Education Team
BV545 Webinar Certificate
2.40 CPE credits  |  Certificate available
2.40 CPE credits  |  Certificate available