Financial Services

The Organization: A mid-sized equity advisory firm
The Challenge: Forecasting incentive compensation

The equity advisory firm's in-house financial manager had created a set of complex spreadsheet models to forecast executive compensation and bonuses based on multiple variables. The manager and the Board wanted to be assured that the models' underlying methodology were consistent with the terms of the Board-approved incentive compensation agreement and that those models could be counted on to produce reliable data and results based on the assumptions used.

Additionally, the Board wanted Edelstein & Company to review and comment on the models' assumptions the financial manager had used to forecast incentive compensation in order to determine the overall reasonableness in the approach management had taken.

Edelstein's review corroborated the approach.