Stephen M Horan

Stephen M. Horan, Ph.D., CFA, CIPM, CAIA was a Managing Director at CFA Institute, the global professional association of 200,000 investment management professionals, where he led the design, development, and delivery of the CFA Program and increased registrations by 70% to over 350,000 examinations annually. He also led continuing education programs and managed institutional relationships in the U.S., Canada, Mexico, and Latin America. Prior to joining CFA Institute. Dr. Horan was a full professor of finance at St. Bonaventure University. His diverse, practice-oriented, and award-winning scholarship includes dozens of peer-reviewed publications focusing on diverse areas from investment management to university administration, most of which has been reprinted, summarized, or covered in media. His articles have appeared in peer-reviewed journals, such as the Financial Analysts Journal, Harvard Business Review Latin America, Journal of Financial Research, Journal of Wealth Management, Journal of Alternative Investments, and Financial Services Review. He has received several research awards, including the coveted Graham and Dodd Reader's Choice Award, and six research grants. He has also authored several books, including Strategic Value Investing, which has been on Warren Buffett's recommended reading list five years in a row. Dr. Horan currently serves as Executive Editor for the Financial Planning Review and on the editorial boards of the Journal of Wealth Management, the Journal of Impact and ESG, and Financial Services Review. Dr. Horan earned a Ph.D. in Finance at the State University of New York/Buffalo and a BBA degree in Finance at St. Bonaventure University.

Education

Ph.D. in Finance, State University of New York/Buffalo
BBA in Finance, St. Bonaventure University

Specialization in Teaching

Derivatives and Risk Management
Private Wealth Management

Research Interests

Private Wealth Management
Environmental, Social, and Governance (ESG) Investing
Alternative Investments
Leveraged ETFs
Derivative Securities

Professional Service

Executive Editor, Financial Planning Review, 2022 – Present
Editorial Advisory Board, Journal of Investment Consulting, 2022 – Present
Advisory Board, Journal of Impact and ESG Investing, 2021 to Present
Associate Editor, Financial Services Review, 2002 – 2010, 2013 – Present
Advisory Board, Journal of Wealth Management, 2009 – Present
Associate Editor, Journal of Undergraduate Research in Finance, 2011 – 2015
Editorial Board, The CFA Digest, 2003 – 2006
Abstractor, The CFA Digest, 1998 – 2006
Education Director, CFA Society of Buffalo, 1997 – 1999, 2006 – 2007
Ad-hoc reviewer, Financial Analysts Journal, 2005 – Present
Ad-hoc reviewer, The Energy Journal, 2004 – 2007
Ad-hoc reviewer, The Financial Services Review, 2001 – 2002

Community Engagement

Institute of Credentialing Excellence Credentialing Specialist Job Analysis Panel – October 2020
Future of Financial Advice Roundtable, CFP Board – Fall 2020
FinSiteful, Advisory Board, 2019 – present
CEO Advisory Committee North America, The Diversity Project, 2018 – present
Piedmont Valley Community College Business Curriculum Advisory Committee, 2019 – 2021
Member, Board of Directors, Charlottesville Chamber of Commerce, 2014 – 2021
Mission Development Chair, Mt. Irenaeus Franciscan Mountain Retreat, 2011 – 2014
Finance Committee Chair, Mt. Irenaeus Franciscan Mountain Retreat, 2001-2007
Capital Campaign Executive Committee, Mt. Irenaeus Franciscan Mountain Retreat, 2001-2007
Member, Board of Trustees, Mt. Irenaeus Franciscan Mountain Retreat, 2000-2007
Chair, St. Bonaventure University Curriculum Committee, 1998-2001
Member, St. Bonaventure University Curriculum Committee, 1997 to 2004
St. Bonaventure University Faculty Senate, 1998-2001
Parish Council, Ss. Peter and Paul R.C., 1995-1996

Honors & Awards

• Warren Buffet’s Berkshire Hathaway annual recommended reading list five years in a row, 2015-2019, Strategic Value Investing: Practical Techniques of Leading Value Investors.
• Reprinted in Special 70th Anniversary Issue, 2015, “Two Key Concepts for Wealth Management and Beyond”, Financial Analysts Journal.
• Graham and Dodd Readers’ Choice Award, 2012, for “Two Key Concepts for Wealth Management and Beyond”, Financial Analysts Journal.
• Financial Frontiers Award (silver), sponsored by Janus Investments and The Financial Planning Association for “Optimal Withdrawal Strategies for Retirees with Multiple Savings Accounts” ($10,000), 2006
• The CFA Digest Summary for Tax-Advantaged Savings Accounts and Tax-Efficient Wealth Accumulation, 2005
• Certified Financial Planners Board of Standards Best Conference Paper Award for the 2003 Annual Meeting of the Academy of Financial Services for “Choosing Between Tax-Advantaged Savings Accounts: A Reconciliation of Standardized Pre-tax and After-tax Frameworks”, 2003
• Certified Financial Planners Board of Examiners Best Academic Paper Award for “After-tax Valuation of Tax-Sheltered Assets”, 2003
• CFA Digest Summaries of eight (8) articles, 2003-2009
• Certified Financial Planners Board of Examiners Best Academic Paper Award for “A Re-examination of Tax-deductible IRAs, Roth IRAs, and 401(k) Investments”, 2002
• American Association of Individual Investors Best Paper Award (SWFA) for “The Soft Dollar Debate: Agency Theory and Evidence”, 1999
• Faculty Fellow (Collegium), 1999
• Fr. Joe Doino, O.F.M. Faculty Appreciation Award (St. Bonaventure Univ.), 1998
• Excellence in Teaching Award (SUNY at Buffalo) - honorable mention, 1996
• James Boness Research Award (SUNY at Buffalo), 1994