Stephen M. Horan is a managing director and co-leads educational activities at CFA Institute.
Areas of Expertise: portfolio management, wealth management, private wealth management, tax-efficient investing, performance measurement
Books: “The New Wealth Management: A Financial Advisors Guide to Managing and Investing Client Assets,” “The Forbes/CFA Institute Investment Course: Timeless Principles for Building Wealth,” “Private Wealth: Wealth Management in Practice,” “Tax-Advantaged Savings Accounts and Tax-Efficient Wealth Accumulation,” “The Welfare Effects of Soft Dollar Brokerage: Law and Economics,” "Strategic Value Investing: Practical Techniques of Leading Value Investors"
Topics Presented in Speeches: “The Value of Value Investing,” “The Real Importance of Asset Allocation,” “Global Principles of Tax-Efficient Investing,” “Sustainable Retirement Withdrawal Policies,” “Tax-Efficient Withdrawal Strategies for Retirees,” “Soft Dollar Brokerage: Fact and Fantasy”
Stephen Horan is a managing director and co-leads educational activities at CFA Institute. He is the author or co-author of several books and authored dozens of articles in peer-reviewed journals, such as the Financial Analysts Journal, Harvard Business Review Latin America, Journal of Financial Research, Journal of Wealth Management and Financial Services Review. Horan has received numerous research grants and awards, including the 2012 Graham and Dodd Readers’ Choice Award from the Financial Analysts Journal.
His award-winning research has been profiled in leading practitioner publications, including CFA Digest and Barron’s, as well as the popular press, including the Chicago Tribune and Baltimore Sun. Horan is a frequent columnist in the Financial Times and is frequently cited in the media, including publications such as The Wall Street Journal, The New York Times, CNBC, Investment News and Money Magazine.
Horan currently serves on the editorial board of the Journal of Wealth Management and the Financial Services Review. He holds a BBA in finance from St. Bonaventure University, a Ph.D. in finance from the State University of New York at Buffalo, the right to use the Chartered Financial Analyst (CFA) designation, and the Certificate in Investment Performance (CIPM) designation. He has been a frequent speaker at professional, academic and CFA Institute events.
Articles by this Author
Retired Investor »
Selectively choosing which accounts to withdraw from can minimize taxes throughout all your retirement years.
May 2016 | Journal
Stock Screens »
Positive cash flows are as important as earnings. This screen identifies companies that both generate positive cash flow and trade at reasonable prices.
May 2014 | Journal
Stock Strategies »
Guidance on when it makes sense to compare a stock’s price to fundamental factors or other companies and when a stock’s absolute value should be calculated instead.
April 2014 | Journal
Portfolio Strategies »
These 22 tidbits have an element of truth and carry the wisdom of experience. Included in these rules are suggestions about selling.
December 2012 | Journal