Philip Jones, CPA, ABV, ASA, CFE, currently serves as a Senior Managing Director for Newmark Valuation & Advisory and Leader of the Trusts & Estates Specialty Practice. Jones has substantial expertise in business valuation and fractional interest valuation. He has valued more than a thousand business entities over the past 25 years. Jones also performs lost profits and economic damages analyses for litigation purposes.
Jones started his career in audit for an international public accounting firm where he performed financial statement audits, reviews, and compilations for numerous clients in a variety of industries. He also consulted with clients on accounting issues such as recreating internal financial statements and determining unusual and incremental accounting expenses.
Jones has valued hundreds of operating entities and over a thousand minority interests in asset holding companies for a variety of purposes. He has authored reports and/or testified in partnership and transaction disputes, construction defect and delay matters, lease disputes, and forensic accounting matters, among others. He has both valued and audited entities in nearly every type of industry from construction to software. He has testified in bench and jury trials in multiple jurisdictions. His clients have ranged in size from small closely held businesses to large publicly traded companies.
Jones came to Newmark after serving as a Managing Director for ten years at Cushman & Wakefield, where he was co-leader of the Trusts & Estates practice and a member of the Dispute Analysis and Litigation Support practice. Prior to his time at Cushman, Jones was a Principal at Berkeley Research Group.
Professional Achievements
- Lecturer at multiple industry conferences over the past 25 years on topics such as business valuation, cost of capital, and discounts for lack of control and lack of marketability
Professional Affiliations
- American Institute of Certified Public Accountants
- American Society of Appraisers
- Association of Certified Fraud Examiners
Licenses and Designations
- Certified Public Accountant (CPA)
- Accredited in Business Valuation (ABV)
- Accredited Senior Appraiser - Business Valuation (ASA)
- Certified in Financial Forensics (CFF)
- Certified Fraud Examiner (CFE)
Education
Jones earned his Bachelor of Business Administration in Accounting from the University of Iowa.