Upcoming Events

Listen to Episode 1 of The ESOP Mini-Cast for our run down of all the great events coming up on the Fall 2018 ESOP Conference circuit.

Multi-State 2018 Conference – PA/DE & NY/NJ Chapters

  • Dates: 11 – 13 September, 2018
  • Location: Hershey Lodge, Hershey, PA
  • Contact: Sue Crockett
  • Email:

As always, Capital Trustees will be attending the ESOP PA/DE NY/NJ Multi-State Conference, and this year we’re looking forward to attending right in our own backyard in Hershey, PA.  Keep an eye out on your email for an invitation for a social hour so we can share our local best with the ESOP World.

New England Chapter 2018 Fall ESOP Conference

  • Dates: 11 – 12 October, 2018
  • Location: Mystic Marriott Hotel, Mystic, CT
  • Contact: Shelly Dennis
  • Email:

Capital Trustees is proud to be the only Gold Sponsor trustee for the New England Chapter Fall Conference.

Fourth Annual Great Lakes Regional ESOP Conference

Capital Trustee’s we’ll be pleased to be coming back as sponsors of this great event.

The ESOP Association 2018 Las Vegas Conference

The ESOP Association Logo

Recent Events

The ESOP Association New England Chapter 2018 Planning Meeting

Capital Trustees will be in Mystic, Connecticut on June 15th for the New England Chapter of the ESOP Association’s planning meeting. Capital Trustees is proud to be a Gold Sponsor of the New England Chapter’s Fall Conference.

Vermont Employee Ownership Conference 2018

Bret Keisling of Capital Trustees attended the 2018 Vermont Employee Ownership Conference on June 8, 2018 at the University of Vermont, Dudly H. Davis Center. This event featured 19 informative workshops and a keynote by Dave Fitz-Gerald, Chair of The ESOP Association and CFO of Carris Reels.

@CapTrusteesBret Jun 8:
“Great Keynote Address by @ESOPAssociation Natl Pres @ESOPdave. He’s a dedicated employee-owner @CarrisReels, who spends countless hours strengthening the ESOP community. @veoc_vt #veoc18”

ESOP Pennsylvania/Delaware Chapter 2018 Spring Meeting

Capital Trustees will be attended The ESOP Association Pennsylvania/Delaware Chapter Spring Meeting on March 29, 2018.

NCEO Employee Ownership Conference

Capital Trustees presented at the NCEO Employee Ownership Conference, #NCEO18, in Atlanta, GA on April 18th-20th, 2018:


New England Chapter’s 2018 Annual Spring Conference

Sponsors of 2018 Spring Conference of the New England Chapter of The ESOP Association in Burlington, Massachusets

  • Dates: March 23, 2018
  • Location: Marriott Hotel, Burlington, Massachusets
  • Contact: Shelly Dennis
  • Email:

ESOP Professional’s Forum, March 2, 2018

Capital Trustees will be at the ESOP Professionals’ Forum on March 2nd, 2018 at The Westin Canal Place in New Orleans, LA.  This valuable conference is limited to professionals and is an ideal environment to discuss best practices.  Listen to Michael Keeling, President of The ESOP Association, describe the unique value of this conference on Episode 24 of The ESOP Podcast.


The ESOP Association’s Las Vegas ESOP Conference & Trade Show, November 9-10, 2017

The ESOP Association’s Las Vegas Conference & Trade Show is the largest ESOP gathering in the world.  Capital Trustees was at the show from November 9-10, 2017 at the Paris Hotel and Casino in Las Vegas, NV.


3rd Annual Great Lakes Regional ESOP Conference

Capital Trustees was proud to sponsor the ESOP Association Great Lakes Regional Conference.   Listen to Episode 7 of the ESOP Podcast to hear a recap of the conference events.  Thanks again to all who celebrated our fifth anniversary with us at our three conference receptions.

Introduction to ESOPs Seminar

Seminar: Introduction to ESOPs
Tuesday, October 24, 2017
8:00 – 10:00 a.m.

There are several paths you can take to transition the ownership of your business. Join us for an educational panel discussion about ESOPs with experts in financial structures, legal and exit strategies.

Our panel discussed:

  • Ownership transition: Choosing an ESOP as your strategy
  • How do ESOP transactions work?
  • Understanding how a fractional ESOP can be a solution with non-ESOP shareholders
  • How do ESOPs operate once the transaction is complete?
  • Communicating ESOP issues to employee owners in an understandable way
  • ESOPs and ESOP  “myths” in the real world

Introductory Remarks – Kevin McPhillips, Executive Director, PCEO
Mark R. Kossow, Partner, Archer & Greiner P.C.
Richard A. Heeter, Principal & Managing Director, Capital Trustees
Andy O’Neill, Director, Prairie Capital Advisors

Seasons 52
160 North Gulph Road
King of Prussia, PA 19406

Breakfast will be provided.

Register here.

Sponsored byESOP NE Logo

New England Chapter’s 2017 Annual Fall Conference

  • Dates: October 5-6, 2017
  • Location: Killington Grand Resort, Killington, VT
  • Contact: Shelly Dennis
  • Email:
Capital Trustees was proud to sponsor the ESOP Association New England Chapter’s Annual Fall Conference.
We also continued our celebration of our fifth anniversary! Thank you to all who joined us in marking this milestone.

Sponsored byMulti-State 2016 Logo

ESOP Multi-State Conference – PA/DE and NY/NJ Chapter Meeting

  • Dates: September 13th-15th, 2017
  • Location: Hilton Hotel, Scranton, PA
  • Contact: Shelly Dennis
  • Email:

Capital Trustees was proud to be a gold sponsor the ESOP Association Multi-State Conference – PA/DE and NY/NJ Chapter Meeting.

Gold Sponsors

Thank you so much to everyone who joined us on Thursday, September 14th, 2017, to celebrate Capital Trustees, LLC‘s fifth anniversary at the Trax Platform Lounge at the Radisson Lackawanna Station Hotel.  After a busy day of at Multi-State PA/DE and NY/NJ Chapter meetings and presentations, it was a pleasure seeing you all at the cocktail reception.
View our reception photo album here.


The ESOP Association’s 40th Annual Conference – May 11-12, 2017

ESOP annual-conference



As you can see, Capital Trustee enjoyed the ESOP Association’s 40th Annual Conference  in Washington, DC, on May 11-12, 2017. #ILoveMyESOP

NCEO 2017 Employee Ownership Conference – April 4-6, 2017

Capital Trustees was proud to be a sponsor of #NCEO17.


We presented two sessions at the Annual NCEO 2017 Employee Ownership Conference –  in Denver, Co April 4-6, 2017.

Topic/Title: What’s The Difference? How Internal and External Trustees Do Their Jobs.
Track: ESOPs: Beyond the Basics
Date: Thursday April 6, 2017
Time: Concurrent Session 9, 9:15am-10:30am
Session Leader: Bret Keisling

Bret Keisling, Capital Trustees, LLC
Patrice Radogna, Valuation Research

Topic/Title: The Annual Update Process
Track: ESOP Basics
Date: Thursday April 6, 2017
Time: Concurrent Session 10, 10:45 am-12:00


Rich Heeter, Capital Trustees, LLC
Rob Hilton, Katz, Sapper & Miller
Barbara Clough, Newport Group

ESOP Pennsylvania and Delaware Chapter – 2017 Spring Conference, March 30, 2017

PA-DE Logo

We enjoyed meeting our fellow Pennsylvanians and our friends from Deleware at the ESOP Pennsylvania and Delaware Chapter 2017 Spring Conference on March 30, 2017 at the Heritage Hills Golf Resort and Convention Center in York, PA.


Heritage Hills Golf Resort
Heritage Hills Golf Resort, York PA

ESOP Multi-State Conference – PA/DE and NY/NJ Chapter Meeting, September 12-14, 2017

PA-DE Logochead-nynj

We will be live tweeting from the ESOP Multi-State Conference and PA/DE and NY/NJ Chapter Meeting from September 12th-14th, 2017.  The conference will be held at the Hilton Hotel and Conference Center in downtown Scranton, PA.

ESOP New England Chapter – 2017 Annual Fall Conference, October 5-6, 2017


We will be at the ESOP New England Chapter’s 2017 Annual Fall Conference, from October 5-6, 2017  The conference will be held at the Killington Grand Resort and Conference Center in Killington, VT.

2017 ESOP Professionals Forum – March 3, 2017

ESOP Professionals

Rich Heeter of Capital Trustees joined fellow ESOP Association professionals at the ESOP Professionals Forum in New Orleans on March 3rd, 2017.

Ethics in the Real World of Business Law

Ethics in the Real World

Capital Trustees, LLC was proud to sponsor the Practitioner in Residence talk, “Ethics in the Real World of Business Law” on Thursday, October 20 at 5:00 pm at Widener University Commonwealth Law School.  Learn more about Widner’s past and future events here.

PA/DE & NY/NJ Chapters – 2016 Multi-State Conference

PA/DE & NY/NJ Chapters - 2016 Multi-State Conference
Capital Trustees will be presented at the PA/DE & NY/NJ Chapters – 2016 Multi-State Conference at the Mohegan Sun in Wilkes-Barre PA on September 14-15 2016.

Thursday, September 15, 2016 , 8:00 – 9:15 a.m. 

Culture and Communication – The Bottom Line: Culture & Communication from a Fiduciary Perspective 

Level: Intermediate

The data seems quite clear that there is a direct correlation between a company’s culture and its bottom line, regardless of whether a company is employee-owned or not. Culture and communication take on an even more significant role for employee-owned companies.  With a clear potential to impact the bottom line, and therefore participant value, this session will examine if and when culture becomes a fiduciary issue and, if so, what a fiduciary can and cannot do to in regards to culture.  The panelists will address whether the answer is different for internal trustees than it is for external trustees.  Using case studies as a starting point for discussion, this session will be highly interactive between the panelists and attendees for a spirited discussion that takes culture and leadership from the “human side” learning track and places it squarely in the “technical” track.

Speakers: Bret Keisling, Capital Trustees; Mike ShueyRestek

The ESOP Association 2016 Super Regional Conference

Super Regional Board of Directors-TrusteesConference Program

Capital Trustees, LLC was proud to be a Platinum Sponsor of the The ESOP Association PA/DE, NY/NJ, and New England Chapters 2016 Super Regional Conference held June 7-8 2016 in Providence, RI.  Thanks to Shelly Dennis of  for an excellent conference. Twenty companies and highest attendance ever. Great job!

If you missed the conference you can review the program and speakers  here. For those of you not on Twitter, all the sessions that @CapTrusteesBret was able to live tweet from the conference are transcribed here for easy reference.

Basic Duties of ‪Board Members & Trustees

Basic Duties of Board Members & Trustees

Tabitha Croscut of Steiker, Greenapple & Croscut and Rich Heeter of Capital Trustees, LLC. presented a session on Basic Duties of ‪Board Members & Trustees at The ESOP Association PA/DE, NY/NJ & New England – Super Regional Conference on June 7th 2016 from 8 – 10 AM.

This session was an introduction for new Board Members and Trustees, or as a refresher for ongoing Board Members and Trustees. They addressed basic board functions, basic trustee duties and the interaction between the Board and Trustees.  Bret Keisling live-tweeted this session; you can read the transcript here.

Ownership Transition: Is an Employee Stock Ownership Plan (ESOP) Right for You?

Ownership Transition

When & Where:

Tuesday, May 24, 2016 8:00 – 10:00 AM, Teaneck Marriott at Glenpointe, Teaneck, NJ



Business owners often struggle with understanding ways to transition all or part of their business. Join us for an educational panel discussion around the basics of utilizing an ESOP, including:

  • Why are ESOPs popular?
  • Why choose an ESOP as your transition strategy?
  • Benefits to the business owner AND employees
  • Tax deferral
  • Dispelling common myths

This event is eligible for CLE and CPE credits. Register on Eventbrite here.

The ESOP Association’s 39th Annual Conference

Capital Trustees Cigars

We attended  The ESOP Association’s 39th Annual Conference in Washington DC from May 18th – 20th, 2016. Check out our ESOP DC live tweet transcripts.

NiftyFifty ESOPDC

ESOP 101 Seminars

ESOP 101 Presentation PA NJ

When & Where:

  • 8:00 AM Registration, Breakfast and Networking
  • 8:30 AM to 10:00 AM Seminar


This seminar explained the “What/Why/How?” of Employee Stock Ownership Plans (ESOP).  ESOPs are an excellent tool for succession planning. We presented the tax benefits and savings for C Corporations and S Corporations as well as the benefits to employee participants.


Conference logo

Capital Trustees at the NCEO 2016 Conference

Capital Trustees presented at the National Center for Employee Ownership (NCEO) Employee Ownership Conference in Minneapolis, MN  April 12–14, 2016.

Advanced Valuation and Fiduciary Issues in Executive Compensation

Rich Heeter of Captial Trustees presented on “Advanced Valuation and Fiduciary Issues in Executive Compensation” along with Tabitha Croscut of Steiker, Greenapple & Croscut P.C and Kenneth J. Pia, Jr. of Meyers, Harrison & Pia, LLC. This session explored how executive compensation is addressed and assessed before and after an ESOP stock purchase transaction and the potential impact these decisions have on the value of the shares owned by the ESOP.  See the full session information and bios here.

Thanks to all who joined @CapTrustees #NCEO16 #ESOPAdvVal Live Tweet of this presentation on Wednesday, April 13th 2016 from 3:15–4:30 PM CDT.

Advanced Valuation NCEO16 Presentation

Download a PDF file of the full presentation here: NCEO Conference Advanced Valuation and Fiduciary Issues in Executive Compensation

Don’t Do that: Avoiding ESOP Problems

Bret Keisling of Captial Trustees, Chuck Coyne of Empire Valuation Consultants, LLC, and Leah Morgan Singleton of Alston & Bird LLP presented an “ESOP Basics Track” session entitled “Don’t Do that: Avoiding ESOP Problems” on Thursday, April 14th 2016 from 10:45 AM – 12:00 PM CDT. Many ESOP problems arise from inadvertent errors in plan design and operation. This session will describe numerous examples and how to avoid having a future issue in your own company. See the full session information and bios here.

Don't Do that- Avoiding ESOP Problems

Download a PDF of the full presentation here: 2016_NCEO_Conference_Don’t_Do_That.