Donovan Trone
Senior Manager

Industry Expertise

Practice Focus


Donovan has been working in finance and research since 2009. He participates in valuations for operating companies, partnerships, and limited liability corporations for a variety of purposes including mergers and acquisitions, financial reporting, corporate planning, estate and gift tax, and employee stock ownership plans. He has experience with valuation of common and preferred stock, partnership and LLC interests, and debt and derivative securities. Prior to joining Moss Adams, he worked as a research analyst for a global investment management firm.

Selected Publications

  • "American Viticultural Area Valuations Offer Potential Tax Savings for Wineries" (Moss Adams Insight, July 2019)
  • "How Banks Can Better Anticipate Post-Acquisition Earnings by Measuring Core Deposits" (The Texas Independent Banker, April 2018)

Selected Speaking Engagements

  • Navigating the Requirements and Assumptions in Professional Business Valuations
    (Sacramento County Bar Association, December 2017)
  • Getting Merger and Acquisition Accounting Right
    (Consumer Bankers Association, May 2017)

Professional Affiliations

  • Member, American Society of Appraisers
  • Member, CFA Institute


  • BS, finance and accounting, California Polytechnic State University, San Luis Obispo (magna cum laude)