Edward W. Hutton, CFA
Assistant ProfessorDepartment of Commerce Phone: 716-286-8208
Niagara University E-mail: [email protected] EDUCATION
Master of Science (M.S.), Financial Economics State University of New York at Buffalo, Buffalo, NY
Master of Business Administration (M.B.A), Finance Wehle School of Business, Canisius College, Buffalo NY Bachelor of Arts (B.A.), Chemistry
Eisenhower College, Rochester Institute of Technology, Seneca Falls, NY PROFESIONAL CERTIFICATION
Chartered Financial Analyst - CFA CFA Institute, Charlottesville, VA ACADEMIC EMPLOYMENT
Assistant Professor, Finance (2009-Present) Commerce Department, Niagara University
Courses taught: Corporate Finance, Investments, Options and Derivatives, Money and Banking, Financial Planning; undergraduate and graduate
Director, Financial Markets Laboratory
Commerce Department, Niagara University (2007-Present) Adjunct Professor, Finance (2006-2007)
Wehle School of Business, Canisius College Courses taught: Corporate Finance, undergraduate
Adjunct Professor, Finance (1991-2004)
Jacobs School of Management, SUNY/Buffalo Courses taught: Business Valuation, Mergers and Acquisitions, Investments
Adjunct Professor, Finance (1995-2005)
Medaille College, Buffalo, NY
Courses taught: Corporate Finance, Statistics, Calculus, and Investments; undergraduate and graduate
PROFESSIONAL INVESTMENT MANAGEMENT EMPLOYMENT Fund Manager, Business Development Fund (2000-2006)
Western New York Technology Development Center (Insyte Consulting), Buffalo, NY. Technology Venture Capital Fund; major investment partners include State of New York and SUNY/Buffalo Research Foundation
Managing Partner
Strategic Finance, Inc. Buffalo, NY (1995-2000)
Corporate finance advisory firm; mergers, acquisitions, corporate restructuring, valuation services.
Vice President, Trust and Investment Services (1991-1995) M&T Bank, Buffalo, NY
Portfolio management of personal and institutional trust accounts, valuation of closely held securities
Assistant Portfolio Manager, Chase Capital Advisors (1988-1991) Chase Manhattan Bank (JP Morgan Chase), Rochester, NY
Senior Financial Analyst (1983-1988) Goldome Bank, Buffalo, NY
ACADEMIC AWARDS
Excellence in Teaching Award (2009) Niagara University College of Business
RESEARCH GRANT AWARDS
“Using Interactive Spreadsheet Modeling in Teaching Corporate Finance”; Niagara University Committee on Teaching and Learning Research Award 2009 ($1,000)
PUBLICATIONS AND PRESENTATIONS Professional Books and Monographs
The Financial Toolbox, Atlantic Management Company, 2006 (1st Edition); 2nd edition (2009). Textbook for “The Financial Toolbox Seminar” MEP (Manufacturing Extension Partnership) Peer Reviewed Academic Journals and Books
“The Perception and Use of XBRL by Equity Research Analysts”, with James Goldstein, Ph.D., Canisius College. BRC Journal of Education, 2012
The Niagara University Monteagle Fund, A Student Managed Investment Portfolio; Book Chapter, Case Studies in Active and Integrative Learning, 2011
“The Niagara University Monteagle Fund, A Student Managed Investment Portfolio”; BRC Journal of Education, Volume 1, Number 2, 2010
Peer Reviewed Conference Proceedings
“An Assessment of the Pedagogical Value of Stock Market Trading Simulations”, Proceedings of the Financial Education Association 2012 Annual Meeting
“The Value of the CFA Global Investment Research Competition in Teaching Investments”, Proceeding of the Financial Education Association 2011 Annual Meeting
Peer Reviewed Conference Presentations
“An Assessment of the Pedagogical Value of Stock Market Trading Simulations”, Proceedings of the Financial Education Association 2012 Annual Meeting
“Integrating a Real Time Stock Market Simulation into the Finance Curriculum”; Western New York Business Research Conference, Oswego, NY, April, 2012
“Creating a Faculty Learning Community (FLC) to Advance the Scholarship of Teaching and Learning”, Lily Conference on Teaching and Learning, Bethesda, MD June, 2012
“Financial Laboratories and their Role in the Finance Curriculum”, Financial Education Association 2010 Annual Meeting; October, 2010
“The Challenges and Opportunities of Teaching Finance in a Computer Lab”; Niagara Teaching and Learning Conference, January 2010
“The Value of the CFA Global Investment Research Competition in Teaching Investments”, Financial Education Association 2011 Annual Meeting; September 2011.
“A Comparison of Free versus Paid Stock Market Trading Simulations” Financial Education Association, 2012 Annual Meeting, September 2012
“The Financial Planning Capstone Course”, CFP Board- Financial Planning Education: Vision 2020 Conference, Washington, DC August, 2012
Research Work in Progress
Socially Responsible Investing Funds After the Financial Crisis, with Steven Gattuso, CFA, Niagara University. Accepted for presentation, 2012 Business Ethics Conference, Buffalo, NY
Summary of Behavioral Finance and Investment Management Monograph, (signed publication contract, submittal in draft form.) To be published by Research Foundation of
CFA Institute, 2012.
“Creating a Faculty Learning Community (FLC) to Advance the Scholarship of Teaching and Learning” with Jennifer Herman and Rehab Ghazal, Niagara University. Accepted for
Presentation, 2012 American Society for Higher Education Annual Meeting, Las Vegas, NV “Increasing Student Engagement through Stock Market Trading Simulations” (data collection completed, writing in process) Planned submission to Journal of Financial Education, 2012. “Do Investors Rationally Evaluate Investment Fees? A Behavioral Finance Investigation”, with John Osberg and Kevin Ryan, Niagara University (student honors thesis).
Non-Peer Reviewed Conference Presentations
“Behavioral Finance and Investment Management”, Western New York Financial Planning Association, June, 2011
“Throw Away the Textbooks-What Really Happened During the Financial Crisis” Western New York Financial Planning Association, January, 2010
“Minds and Money, -What Behavioral Finance Tells Us About How We Invest” Annual Everett W. Ockermann Lecture, Niagara University, October, 2010
“Measuring the Financial Impact of Lean Business Models”, NIST/MEP National Conference, Washington, DC, August, 2006
“Valuing the Closely Held Business”, New York State CPA Society Professional Education
Program 2005
“Succession Strategies for Closely Held Business Owners”, Family Business Institute 2005 Professional Seminars
“The ABC’s of Investment Fees- a Guide for Investment Plan Participants”, financial education seminars at various corporations and non-profit employers
“Six Simple Rules for Investment Allocation- a Guide for Investment Plan Participants”, financial education seminars at various corporations and non-profit employers
Instructor, Money and Banking Course, Management Development Program, M&T Bank; June 2010: June 2012. 1-day seminar in banking for M&T future executives.
Instructor, Capstone Course and Simulation, Management Development Program: M&T Bank, March 2011; March 2012. 2-day banking capstone course M&T future executives.
Instructor, The Financial Toolbox Seminar, Atlantic Management Company, MEP University Series. Financial analysis professional development 2-day seminar program.
2011- Washington, DC 2009- Roanoke, Virginia
2008- Seattle, Washington; Nashville, Tennessee
2007- Greensboro, North Carolina; Gaithersburg, Maryland 2006- Buffalo, NY
Business and Popular Media
Commentator, Economic and Investing topics, WBFO-FM, National Public Radio Network Commentator, Economic and Investing topics, WBEN-AM radio, CBS Radio Network Business and financial expert, Buffalo News, Buffalo Business First, Lockport Union-Sun Journal, Niagara Gazette
SERVICE ACTIVITIES Niagara University
Chair, Niagara University Employee Benefit Investment Fund Committee Chair, Niagara University Faculty Learning Community (2011-2012) Co-Chair, Niagara University Faculty Learning Community (2011-2012) Member, College of Business Dean Search Committee (2011)
Member, NULTA Faculty Contract Negotiation Work Team, Employee Benefits (2010) Participant, Vincentian Mission Certificate Program (2012-2013)
Member, Board of Directors, MMC Bio-Services. Niagara University faculty sponsored biological sciences company. (2009-2011)
Niagara University College of Business
Director and Program Manager, MBA Concentration and Program in Personal Financial Planning and Strategic Wealth Management
Director, Accreditation Initiative, Certified Financial Planner (CFP) Board Registered Education Provider; Developed 7 new courses, approved by both Niagara University Board of Directors and CFP Board of Standards. Created program structure, recruited and trained faculty and recruited students.
Director and Faculty Advisor student managed “Monteagle Investment Fund” equity segment of Niagara University endowment
Director, Financial Services Laboratory (2007-Present) Chair, Finance Faculty Search Committee (2011-2012) Chair, Finance Faculty Search Committee (2009-2010) Chair, Technology Advisory Ad Hoc Committee (2010-2012) Member, Curriculum Committee (2010-2012)
Member, QAC Committee (2009)
Faculty Advisor, Niagara Finance Club (2009-Present) Professional Service
Strategic Leadership Conference Committee, CFA Institute, Charlottesville, VA (2012-Present) Vice President, Board of Directors, Association for Financial Modeling and Educational
Technology, AFMET (2009-Present)
President, Board of Directors, CFA Society of Buffalo (1992-1993)
Education Chair, Board of Directors, CFA Society of Buffalo (2009-Present) Director, Western New York Investment Conference and Exhibition, (January 2011)
Co-Director, Western New York CFA Institute Investment Research Challenge, (2010-Present) Section Chair-Technology in Financial Education, Financial Education Association (2011-Present)
Reviewer, Journal of Financial Education (2009-Present) Reviewer, BRC Journal of Business (2009-Present) Community Service
President, Board of Directors, Shakespeare in Delaware Park, Buffalo, NY (1998-2000) Treasurer, Board of Directors, Nature Conservancy of Western New York, (1995-1997)
Professional Memberships CFA Institute
Financial Management Association Financial Planning Association Financial Education Association
