Stephen M. Horan is the head of professional education content for CFA Institute, and the editor of Private Wealth: Wealth Management in Practice. He is also co-author of Forbes/CFA Institute Investment Course (John Wiley & Sons, 2011).
Areas of Expertise: portfolio management, wealth management, private wealth management, tax-efficient investing, performance measurement
Twitter Feed: twitter.com/CFAInstitute/StephenHoranCFA
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”
Topics Presented in Speeches: value investing, IRAs, tax-efficient retirement withdrawals, portfolio management for private clients, soft-dollar brokerage, CFA program and CIPM program
Stephen Horan, Ph.D., CFA, CIPM, leads university outreach efforts and supports the development of private wealth management initiatives at CFA Institute. Prior to joining CFA Institute, he was a professor of finance at St. Bonaventure University, principal of Alesco Advisors LLC, and a financial analyst and forensic economist in private practice, providing expert witness testimony and preparing economic impact studies. Horan also served as a buy-side account manager with Manning & Napier Advisors Inc. and as a sell-side stockbroker with Quick and Reilly Inc.
Horan has authored and co-authored several books, including “The New Wealth Management: A Financial Advisors Guide to Managing and Investing Client Assets,” and “The Forbes/CFA Institute Investment Course: Timeless Principles for Building Wealth,” and edited the volume Private Wealth: Wealth Management in Practice. He is the author of dozens of articles in leading 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; and he has published monographs commissioned by the Research Foundation of CFA Institute. He has received numerous research grants and has been lead author for curriculum readings for the CFA Program curriculum. His award-winning research has been profiled in leading practitioner publications, including CFA Digest and Barron’s, as well as popular newspapers including the Chicago Tribune and Baltimore Sun. He is a frequent columnist in the Financial Times and is frequently cited in the media, including in publications such as The Wall Street Journal, The New York Times, CNBC, Investment News and Money Magazine.
Horan serves on the editor board of the Journal of Wealth Management and the Financial Services Review. Before joining CFA Institute, Horan was active both locally and nationally with CFA Institute, drafting Research Foundation monographs, serving as a consultant to the Financial Accounting Policy Committee and serving as education chair for the CFA Society of Buffalo. He has been a frequent invited speaker at professional, academic and CFA Institute events. Horan earned a BBA in finance with a minor in mathematics from St. Bonaventure University and a Ph.D. in finance with a minor in economics from State University of New York at Buffalo. He was awarded the CFA designation in 1993 and the CIPM designation in 2011.
Articles by this Author
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