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University of Central Missouri
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Warrensburg, MO 64093
Phone: 660-543-4640
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UCM Team Competes in CFA Institute Research Challenge-Kansas City

Contact: Mike Greife
WARRENSBURG, MO (March 9, 2015) – A team of three University of Central Missouri finance students from UCM’s Harmon College of Business and Professional Studies recently participated in the local CFA Institute Research Challenge in Kansas City.

CFA Team
Members of team representing UCM at the CFA Institute Research Challenge-Kansas City were, left to right,  Patrick King, Daniel Tacchi, Roland Smith and Arthur Young, team adviser.

Sponsored by the CFA Society Kansas City, the competition challenges teams of students from area universities to match equity analysis and presentation skills as they prepare their investment recommendation and supporting analysis of the subject company for the local challenge as if they are practicing analysts.

Representing UCM in the competition was a team was comprised of Pat King, an MBA graduate student with a finance concentration; Dan Tacchi, a senior who graduated in December with finance major and continued working with the team; and Roland Smith, a junior with a double major in economics and mathematics and a minor in finance. Also working with the team for a portion of the preparation period was Kellen Heusinger, a senior finance major. The UCM team competed against teams from the University of Missouri-Kansas City, University of Missouri, Kansas State University, Missouri State University and Pittsburg State University.

Preparation for the competition began in the fall of 2014. They researched details about the subject company, NIC, Inc., and performed in-depth analysis to arrive at their investment recommendation and analysis, which was presented during the competition. A panel of investment professionals graded the teams’ equity research reports and a panel of judges, which were high-ranking investment professionals in the Kansas City area, evaluated the presentations.

“Pat, Roland and Dan are to be commended on the hours they devoted to this competition to represent UCM,” said Arthur Young, associate professor of finance and advisor to the team. “Their understanding and execution of the techniques of analysis were excellent. I believe this experience goes beyond anything done in the classroom and will establish a foundation for a career in investment analysis and management.”

Young added that the competition was intense, with the best undergraduate and graduate students from the best universities in the region competing. The University of Missouri-Kansas City team claimed first place in the competition, which qualifies them to advance to the Americas Regional Challenge, where they will compete against universities from the United States, Canada and Latin America. The top two teams from the Americas Regional Challenge then will advance the Global Research Challenge to compete against the winners of the Regional EMEA and the Regional Asia-Pacific Challenges in Atlanta in April.