Financial Research Associates

Who We Are

Financial Research Associates (FRA) is a renowned boutique business valuation firm that has been serving the financial services industry for over 40 years. With a proud history dating back to 1981, we have established ourselves as leaders in business valuation and forensic accounting. Our team is composed of highly skilled professionals who are dedicated to providing comprehensive financial consulting services to our clients.

Our Services

At FRA, we offer a wide range of services designed to meet the unique needs of our clients. Our services include business valuation, forensic accounting, litigation support, and financial consulting. Our team of experts is highly experienced in developing reliable valuation and forensic accounting reports that can be used in various contexts, including litigation, business transactions, and mergers and acquisitions.

Business Valuation

Our business valuation services are tailored to help our clients make informed business decisions. Whether you are looking to buy or sell a business, we can provide you with a comprehensive business valuation report that takes into account your specific needs and objectives. Our business valuation services are designed to provide you with a fair and accurate assessment of the value of your business.

Forensic Accounting

Forensic accounting is a specialized field that requires a deep understanding of accounting principles, auditing standards, and legal precedents. At FRA, our forensic accounting experts are highly experienced in conducting thorough investigations and analyzing financial data to support litigation and other legal matters. Our forensic accounting services include financial auditing, damage analysis, and expert testimony.

Litigation Support

We understand that litigation can be a complex and time-consuming process. That's why we offer litigation support services designed to help attorneys and clients navigate the legal system. Our team of experts can provide expert testimony, damage analysis, and other forms of support to ensure that your case is presented effectively.

Our Team

At FRA, we pride ourselves on our collaborative and inclusive work environment. Our team is composed of highly skilled professionals who are dedicated to providing exceptional service to our clients. Our Managing Directors are Jay E. Fishman, Stacy P. Collins, Sandra R. Klevan, Michael A. Saponara, Jeremy C. Smith, Kyle S. Garcia, and Sheila Gorman. All of our Managing Directors are qualified national experts with finance, accounting, and economics specialties. They have worked at our firm for 10 to 40-plus years, producing a thriving, collaborative work environment that benefits our clients and employees significantly.

Our Affiliations

We believe that professional growth is essential to staying ahead of the curve in our industry. That's why we are members of reputable organizations such as the American Institute of CPAs, the American Society of Appraisers, the Financial Consulting Group, and the Royal Institute of Chartered Surveyors. These affiliations provide us with access to continued learning and professional development opportunities that help us stay up-to-date with the latest trends and best practices in our field.

Our Offices

We have three offices located in New Jersey, New York, and Pennsylvania. Our offices are strategically located to provide convenient access to our clients. Our offices are equipped with state-of-the-art technology and are staffed by experienced professionals who are dedicated to providing exceptional service to our clients.