As managing director of the Credentialing division, Stephen Horan leads the development of CFA Institute designation and certificate programs, including the CFA Program, CIPM Program, and CFA Institute Investment Foundations. Horan is based in Charlottesville, Virginia.
Horan brings a unique combination of industry and academic experience to CFA Institute. He previously served as an expert witness in securities litigation, a forensic economist in private practice preparing economic impact studies, a principal of a financial advisory firm, a financial analyst, and as a buy-side account manager and sell-side stockbroker. On the academic side, Horan served as a professor of finance and is a recognized researcher in wealth management, tax efficient investing, and derivatives.
He has received numerous research grants, including the 2012 Graham and Dodd Readers’ Choice Award, and his research has been profiled in leading publications, including Barron’s, the Chicago Tribune, and Baltimore Sun. He is frequently cited in publications such as The Wall Street Journal, The New York Times, the Financial Times, CNBC, Investment News, and Money Magazine.
Horan has authored or co-authored several books, including the highly regarded book Strategic Value Investing, The New Wealth Management: A Financial Advisers Guide to Managing and Investing Client Assets, the Forbes/CFA Institute Investment Course, and he edited Private Wealth: Wealth Management in Practice. 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, and Financial Services Review.
Horan currently serves on the editorial board of the Journal of Wealth Management and the Financial Services Review. Before joining CFA Institute, he was active both locally and nationally with CFA Institute, drafting research monographs, serving as a consultant to the Financial Accounting Policy Committee, and as Education chair for CFA Society of Buffalo. He has been a frequent invited speaker at professional, academic, and CFA Institute events.
Horan holds a Ph.D. in finance at the State University of New York/Buffalo and a BBA degree in finance at St. Bonaventure University. He earned the CFA charter in 1993 and the CIPM designation in 2011.