Andrew S. Ward

Managing Director, Valuation & Financial Opinions Group, Stout Risius Ross


Andrew S. Ward is a Managing Director in the Valuation & Financial Opinions Group at Stout Risius Ross (SRR). His concentration is in ESOP and ERISA Advisory Services. Mr. Ward has over 15 years of experience in performing valuations and financial advisory services for a variety of purposes, including ESOP transactions and annual ESOP updates, fairness opinions, solvency opinions, merger and acquisitions, gift and estate taxation, post-acquisition purchase price allocation, dissenting shareholder disputes, marital dissolutions, corporate dissolutions litigation support, and appraisal review.

Mr. Ward has significant experience in performing analyses for a broad array of industries, including, but not limited to, advertising, agriculture, apparel, architectural and engineering, association management, banking, commodities, communications, computer consulting, construction, consumer goods, distribution, food and beverage, forest products, government contracting, healthcare, homebuilding, insurance, investment companies and partnerships, manufacturing, mining, oil and gas, plastics, printing and publishing, professional sports, and property management.

Prior to joining SRR, Mr. Ward was a senior associate with a national valuation firm and a consultant in the specialty consulting division of a Big 4 international accounting and consulting firm. In these roles, Mr. Ward performed, supervised, and executed numerous valuation, financial advisory, and litigation consulting engagements.
Mr. Ward is a candidate of the American Society of Appraisers (ASA) in business valuation. Mr. Ward is also a member of the ESOP Association and its Valuation Advisory Committee, the National Center for Employee Ownership, and the Business Valuation Association of Chicago. Mr. Ward frequently speaks at professional conferences and seminars and authors articles on valuation and ESOP related topics.