Richard L. Kelsey, President Paragon Advisory Services

Areas of Expertise

  • Business Enterprise
  • Common/Preferred Stock
  • Early-Stage businesses  
  • Stock Options
  • Limited Partnerships
  • Marital dissolution
  • Impairment Testing
  • Corporate Tax
  • Estate and Gift Tax
  • Purchase Price Allocation
  • Bankruptcy Advisory
  • Expert Testimony
  • Fairness and Solvency Opinions

Richard L. Kelsey,  ASA


Founder of Paragon, Richard offers expert and experienced valuation counsel reflecting over 35 years of business and intangible asset valuation opinions and counsel to private and public corporations in many business sectors.  Before founding Paragon, Richard developed his valuation skills and experience as an officer of Bank of America Investment Banking Group (Mergers and Acquisitions) and an officer of American Appraisal Associates, a global valuation consulting firm.  Richard has provided valuation advice to large multinational corporations as well as middle market companies and small businesses in many business sectors.



  • BS Mechanical Engineering - Marquette University
  • Master of Business Administration - University of Denver Daniels College of Business

Expert Testimony

Mr. Kelsey has provided expert testimony in connection with the following business valuation-based court and arbitration and dispute mediation proceedings:

  • Dispute resolution proceedings sponsored by the American Arbitration Association and the JAMS Institute
  • Dissident stockholder actions
  • Class action suits
  • Bankruptcy plans of reorganization
  • Marital dissolutions
  • Loss of business (anti-trust action)

Professional Affiliations

  • American Society of Appraisers (Senior Accredited Appraiser in Business Valuation) Past Connecticut Chapter President)
  • Past Chairman, Darien Chamber of Commerce
  • Mentor and lecturer of SCORE business counselor organization

Speaking Experience

  • New York University Stern School of Business (Gust Lecturer)
  • New York Institute of Finance
  • American Society of Appraisers
  • American Management Association





Contact Information

Richard L. Kelsey, ASA
Phone: 203.655.6892
Cell: 203.984.8063

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