Robert W. Carter, MS, CPA/CFF, CVA, CFE, CEPA

About Robert

Mr. Carter joined Hertzbach in 2007 and is a partner with the firm. He exclusively manages the Litigation, Forensic and Valuation Department. He graduated from Stevenson University with a B.S. in Business Administration, focusing primarily on Finance. He has a Master’s Degree from the University of Baltimore in Accounting and Business Advisory Services. He has earned the Certified Valuation Analyst designation from the National Association of Certified Valuators and Analysts, the Certified Public Accountant designation from the State of Maryland, the Certified Fraud Examiner designation from the Association of Certified Fraud Examiners, and the Certified Exit Planning Advisor designation from the Exit Planning Institute. He currently serves on the Advisory Council for the Association of Certified Fraud Examiners, is President of the Maryland/DC Chapter of the National Association of Certified Valuators and Analysts, and sits on the Accounting Advisor Board for the University of Baltimore.

Mr. Carter has contributed articles to several professional and academic publications and has instructed courses for the National Business Institute as well as the Maryland/DC Chapter of the National Association of Certified Valuation Analysts. He has led seminars in conjunction with national banking entities, as well as regional universities, and local trade organizations. He is also an adjunct professor at Stevenson University in the Graduate Forensic Studies Program. For over a decade, he has specialized in valuation engagements for S-corporation conversions, ESOPs, marital dissolution, gift and estate tax, buy-sell agreements, and many other business valuation purposes. Mr. Carter has managed several forensic accounting and fraud investigations involving misappropriation of assets/intellectual property and embezzlement claims. He also provides expert witness services for marital dissolution, stockholder and partnership disputes, personal injury and lost profits claims, as well as other white collar criminal and civil matters.

Business Valuation
Litigation Consulting
Forensic Accounting
Fraud Investigation
Exit Planning
Value Growth Advisory

National Association of Certified Valuators and Analysts (NACVA)
Maryland/DC Chapter of National Association of Certified Valuators and Analysts (MD/DC NACVA)
American Institute of Certified Public Accountants (AICPA)
Maryland Association of Certified Public Accountants (MACPA)
New Young Professionals Network (N/YPN)
Association of Certified Fraud Examiners (ACFE)
American Academy of Economic and Financial Experts (AAEFE)
Maryland Chapter of Exit Planning Exchange (XPX)
Exit Planning Institute (EPI)

2007 - Present

Owings Mills, Maryland

2015 - Present

Stevenson University
Owings Mills, Maryland
Adjunct Instructor: Graduate Forensic Studies Program


Stevenson University, B.S., Business Administration

NACVA, Certified Valuation Analyst


State of Maryland, Certified Pubic Accountant


ACFE, Certified Fraud Examiner


University of Baltimore, M.S. Accounting and Business Advisory Services