R. Noel Stout has over 30 years of experience in business valuation and financial advisory services. He holds an MBA from SMU and certifications as a Certified Valuation Analyst and Master Analyst in Financial Forensics. He has served as president of the Central Texas chapter of the National Association of Certified Valuators and Analysts. Stout's experience includes business valuations, litigation support, and M&A advisory services for companies in various industries.

1. R. Noel Stout, MBA, CVA, MAFF
P.O. Box 26597
Austin, TX 78755
Wk 512-474-5288, Cell 512-636-5288
nstout@stout-associates.com
Education
 Master of Business Administration, Finance. Southern Methodist University.
 Intermediate Banking School. Southern Methodist University.
 Bachelor of Arts. Major- Biology/Chemistry. University of Texas, Austin
Professional Credentials
 Master Analyst Financial Forensics (MAFF)
 Certified Valuation Analyst (CVA)
 General Lines Agent (Group One)
Professional Affiliations
 Member- National Association of Certified Valuators and Analysts (NACVA)
 President of the Central Texas Chapter of NACVA- 2015 thru 2018
Continuing Education/ Experience
 6/1/2015- Formed new Central Texas Chapter of NACVA
 11/5/2013- Business Valuation Accelerator Workshop
 10/24/2013- Expert Witness Workshop
 6/2012- NACV/IBA Annual Consultants Conference- Various
Valuation/Merger/Acquisition Workshops
 10/26/2011- Family Limited Partnership NACVA Workshop
 9/16/2011- NACVA Current Update In Valuation
 6/28/2011- Statutory Fair Value NACVA Workshop
 7/16/10- NACVA State Chapter Meeting- CPE credit (Goodwill in Divorce,
Guideline Company Methods)
 5/19/09- Austin Bar Association- Family Law Seminar
 1/16/09- Certification in Collaborative Family Law
 11/2008- Expert Witness Bootcamp
 10/2008- Seminar- Litigation Law, Family Law and Forensic Accounting
 10/2008- Matrimonial Litigation Workshop
 9/2006- Current Valuation Update
 9/2006- Advanced Valuation/Case Study
 9/2003- Business Valuation and Training Center for AVA

2.  3/87 – Present- President of Stout and Associates and Austin Corporate
Advisors Inc.
o Specializing in Valuation of Business Entities including Limited
Partnerships, LLC and S Corporations in various industries such as
Medical Practices, Online National/International Musical Instrument
Retailor, Electrical and Mechanical Construction Companies, Custom
Sign Design/Installation, Scrap Metal Companies, Outdoor Furniture
Retailer, Industrial Equipment Relocation Company, Flooring Company,
Financial/Educational Services to School Districts Company, Farm
Equipment Distributor, Environmental Consulting Services, Oil/Gas
Services
o By Subject- Business Interruption Losses. Shareholder Disputes. SBA
Business Valuations. Gift Tax Valuations. Divorce Valuations and
Marital Estate Analysis, Partnership Interest and Section 1374 (Built-In
Gain) FMV,
o Financial Advisory to CEO’s for Business Exist Strategy, Financial
Analysis, Estate Planning, Investment Banking Services- Law Firm,
Electrical Contractors, Retail Industry, Fine Dining and Fast Casual
Restaurant Chains, Commercial and Retail Distributors, Electrical and
Plumbing Contractors, Custom Window Fashions, Wellness Center/
Corporate Retreats, Health and Fitness Center, Water/Waste Water
Contractor, Civil, Environmental and Mechanical Contractors.
o Buy/Sell Representations with acquisition transaction values ranging
from 1 million to 25 million- Law Firm, Electrical Contractors, Office
Product Distributor, Commercial and Retail Distributors, Manufacturer,
Corporate Retreat, Window Fashions and Flooring Retailer
o Litigation Support- Expert Witness, County Court of Law, Henderson
County, Cause No. 44-2007-CL: Lisa Kay Warren, Guardian of the
Estate of Christian Matthew Warren, a Minor v. Beth Carroll Bailey,
Independent Executrix of the Estate of Kevin Ray Bailey, July, 2009,
Consulting Expert- Marital Estate Analysis, Business Valuation and
Litigation Support for Hull Estate, October, 2010; Discovery Witness Joe
Koen and Sons Inc., 1991. Expert Witness/Business Valuation for
Henderson v Henderson Cause No. 12-0769-FC3, February, 2012.
Consulting Expert- Educational Support Services Company, November,
2013.
o Articles - “Exit Planning Strategy for Central Texas Businesses”, Austin
Business Journal, December, 2013.
 3/85 – 5/87 Executive Vice President of Republic Bank Northwest in Austin,
Texas. . Senior Credit Officer.

3.  3/82 – 3/85 President of First City Bank Northwest Hills, a De Novo Bank in
Austin, Texas. Vice President, Metropolitan Commercial Division of First
City Bank – Dallas. Customer base of mid-market businesses.
 4/79- 3/82 Vice President, Commercial Loan Department at Republic Bank-
Garland. Customer base of suburban companies.
Civic
 Recognize Good Ethics in Business/ Community Steering Committee 2013
 Investment Committee- Tarrytown United Methodist Church- 2008-2010
 Honored Patron - Texas Bar Foundation- 2008
 Chairman of the Investment Committee- Board of Trustees- Texas Bar
Foundation- 2007-08
 Chairman of the Finance Committee- Board of Trustees- Texas Bar
Foundation-2005-06
 Chairman of Finance Committee- Board of Directors- Lon Morris College-
2007-2008
 University of Texas Longhorn Foundation
 Texas Cowboys Service Organization-1967
 Clyde Littlefield Award- 1965
 UT Lettermen Association – Basketball 1965 – 67
 University of Texas System Chancellor’s Council