Aaron Ballard
Forensic, Litigation & Valuation Partner

Aaron performs valuations of business and securities in connection with litigation, estate, and gift taxes, financial reporting, mergers and acquisitions, consulting, and other purposes. He also provides forensic accounting, damages and lost profit calculations, and other litigation support services in connection with marital dissolutions, commercial litigation, probate litigation, partner disputes, and other types of litigation. Aaron supports the provision of expert witness testimony at depositions, hearings, and trials and provides assistance with settlement negotiations and mediation.

Primary Areas of Focus:

  • Valuation of business entities and intangible assets
  • Economic damages and lost profit calculations
  • Family law matters including tracing and characterization of marital assets, forensic analysis, and quantification of equitable reimbursement claims
  • Forensic accounting
  • Assistance at depositions, mediations, and trials providing case strategies, courtroom exhibits, and financial solutions
  • Financial statement modeling and forecasting

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Professional Certifications

  • Certified Public Accountant (CPA)
  • Accredited in Business Valuation (ABV)


  • B.B.A. in Accounting and Finance, Abilene Christian University
  • Master of Accountancy, Abilene Christian University

Professional Experience

Whitley Penn, Fort Worth Office, (2009-Present)

  • Forensic, Litigation & Valuation Services
    • Business valuation
    • Forensic accounting
    • Tracing and characterization of marital assets
    • Litigation support and consulting services
    • Calculation of damages and lost profits
    • Deposition, mediation, and trial preparation assistance


  • 38th Annual Advanced Family Law Course (August 2012)
    • Co-Author “Presenting Your Property Case Using Technology”
  • Oil and Gas Investor (September 2015)
    • Co-Author “Beyond Proved”
  • Dallas County Family Law Bar Association “Bench Bar” Conference (February 2018)
    • Co-Speaker “Analyzing Tax Returns and Valuing Businesses on a Shoestring Budget”
  • Tarrant County Family Law Bar Association “Advanced on a Shoestring” Conference (November 2018)
    • Speaker “Tracing and Business Valuation”

Continuing Professional Education: 

  • American Society of Appraisers (ASA)
    • 2010 BV201: Introduction to Business Valuation, Part 1
    • 2011 BV202: Introduction to Business Valuation, Part 2
    • 2012 BV203: Business Valuation Case Study
  • State Bar of Texas
    •  2012 Advanced Family Law Conference
    •  2016 Advanced Family Law Conference
  • Texas Academy of Family Law Specialists
    • 2018 Trial Institute
  • Financial Consulting Group
    • 2013 FCG University
  • American Institute of Certified Public Accountants (AICPA)
    •  2013 Forensic & Valuation Services Conference
    • 2014 Forensic & Valuation Services Conference
    • 2015 Expert Witness Skills Workshop
    • 2016 Fair Value Measurements Workshop