New York Society of Security Analysts
Encyclopedia
The New York Society of Security Analysts (NYSSA) was established in 1937 by a group of financial professionals that included Benjamin Graham
, a pioneer in the financial industry. NYSSA currently has more than 9,000 members and is the largest society within the CFA Institute
, which has more than 90,0000 members.
, the “father of securities analysis.” In September of that year, the society held its first formal program, at which Lawrence Klybert of Alexander Eisemann & Co. spoke on “Options – Their Effect on the Market Price of Stocks.” By 1939, the Society had grown to 82 members. In 1945 NYSSA published the first issue of Analysts Forum, which featured the first public discussion of idea of analyst certification in its premier issue. That same year the NYSSA membership voted NYSSA votes 90–6 for establishment of the QSA rating scheme, a precursor to the CFA
designation.
Famous NYSSA members include Benjamin Graham, Irving Kahn
, Byron Wien, and John J. McCabe.
• Building relationships with related organizations on Wall Street.
• Developing presentations and conferences relevant to the committee and NYSSA membership.
• Planning and attending social and networking events.
• Sharing information and resources on a particular topic.
Benjamin Graham
Benjamin Graham was an American economist and professional investor. Graham is considered the first proponent of value investing, an investment approach he began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd through various editions of their famous book...
, a pioneer in the financial industry. NYSSA currently has more than 9,000 members and is the largest society within the CFA Institute
CFA Institute
CFA Institute is headquartered in the United States of America at Charlottesville, Virginia, with offices in Hong Kong and London. Formerly known as the Association for Investment Management and Research , CFA Institute awards the Chartered Financial Analyst designation...
, which has more than 90,0000 members.
History
In 1937 a small group of security analysts decided to turn their casual lunch gatherings into a series of regular meetings. They held an organizational luncheon in a private dining room of the New York Chamber of Commerce. It was there that NYSSA was conceived, with a membership of approximately 20 analysts, including Benjamin GrahamBenjamin Graham
Benjamin Graham was an American economist and professional investor. Graham is considered the first proponent of value investing, an investment approach he began teaching at Columbia Business School in 1928 and subsequently refined with David Dodd through various editions of their famous book...
, the “father of securities analysis.” In September of that year, the society held its first formal program, at which Lawrence Klybert of Alexander Eisemann & Co. spoke on “Options – Their Effect on the Market Price of Stocks.” By 1939, the Society had grown to 82 members. In 1945 NYSSA published the first issue of Analysts Forum, which featured the first public discussion of idea of analyst certification in its premier issue. That same year the NYSSA membership voted NYSSA votes 90–6 for establishment of the QSA rating scheme, a precursor to the CFA
Chartered Financial Analyst
The Chartered Financial Analyst Program is a graduate level self-study program offered by the CFA Institute to investment and financial professionals...
designation.
Famous NYSSA members include Benjamin Graham, Irving Kahn
Irving Kahn
Irving Kahn is an American value investor and money manager and the oldest living investment professional. He was an early disciple of Benjamin Graham, the creator of the value investing methodology. Kahn began his career in 1928 and continues to work to this day at the age of...
, Byron Wien, and John J. McCabe.
Educational Programs
NYSSA provides review courses for the CFA Exam, as well as professional development courses on a range of topics, from financial modeling to corporate valuation methodologies to deal structuring.Publications
Benjamin Graham and Irving Kahn were among the analysts serving on the editorial board of the Analysts Journal, which was published by the society from 1945 to 1953. In 2008 the society launched a magazine/peer-reviewed journal, The Investment Professional. The last issue of this magazine was published in the Fall of 2009. It was then replaced with a blog, the Finance Professionals' Post.Board of directors
- President: Nanci D. Morris, CFA, managing director of New England Retirement Group and president of NDM Management, LLC
- Executive Vice President: Kathy A. O'Connor, CFA, KJ Capital Management LLC
- Secretary: John J. Apruzzese, CFA
- Treasurer: Liz Miller, CFA, CFP
- Steve Balog
- Karen E. Boroff, PhD, Seton Hall University’s Stillman School of Business
- Mary Jane McQuillen, ClearBridge Advisors
- Andrew J. Melnick, CFA, Melnick Investment Partners
- Katherin Nukk-Freeman, Nukk-Freeman & Cerra, P.C.
- Barry M. Sine, CFA, CMT, CapStone Investments
- Karen Sterling, PhD, CFA, Avalon Group Ltd.
- Victor Ugolyn, Wisdom Tree Trust
- Mark Ukrainskyj, CFA, American Economic Planning Group Inc.
Committees
Activities vary by committee. The responsibilities of membership on most committees include• Building relationships with related organizations on Wall Street.
• Developing presentations and conferences relevant to the committee and NYSSA membership.
• Planning and attending social and networking events.
• Sharing information and resources on a particular topic.