Michael A. Guillemette Office Address: Office: (573) 884-9188 239B Stanley Hall Cell: (678) 361-7269 University of Missouri E-mail: guillemettem@missouri.edu Columbia, MO 65211 EDUCATION Ph.D. in Personal Financial Planning, Texas Tech University, 2013 M.S. in Personal Financial Planning, Texas Tech University, 2012 B.B.A. in Risk Management and Insurance (Cum laude), University of Georgia, 2008 B.S. in Education (Cum laude), University of Georgia, 2008 CERTIFIED FINANCIAL PLANNER, June 2014 EMPLOYMENT Assistant Professor, Department of Personal Financial Planning, College of Human Environmental Sciences, University of Missouri, Columbia, Missouri (August 2013 Present) Graduate Part-Time Instructor, Department of Personal Financial Planning, College of Human Sciences, Texas Tech University, Lubbock, Texas (August 2009 - May 2013) Summer Associate at FJY Financial, a financial planning and investment management firm, Reston, Virginia (May 2009 August 2009) Excess Liability Underwriting Intern at Zurich, a commercial insurance company, Atlanta, Georgia (May 2006 August 2006) RESEARCH Publications Guillemette, M. A., Hussein, M., Phillips, M. and Martin, T. K (2015). Minority household size and the life insurance purchase decision. Financial Services Review, Forthcoming.* Guillemette, M. A. and Nanigian, D. (2015). What determines risk tolerance? Financial Services Review, Forthcoming.* Guillemette, M. A., Browning, C. M. and Payne, P. (2015). Don t Like the Picture? Change the frame: The impact of cognitive ability and framing on risky choice. Applied Economics Letters. Guillemette, M. A., Yao, R. and James, R. N. (2015). An analysis of risk assessment questions based on loss-averse preferences. Journal of Financial Counseling and Planning, 26(1), 17-29.*
Guillemette, M. A., Martin, T. K. and Gibson, P. (2015). Investor Sophistication and Target-Date Fund Investment. Journal of Retirement, 2(4), 22-29.* Guillemette, M. A., James, R. N. and Larsen, J. (2014). Loss aversion under cognitive load. Journal of Personal Finance, 13(2), 72-81.* Guillemette, M. A. and Finke, M. S. (2014). Do large swings in equity values change risk tolerance? Journal of Financial Planning, 27(6), 44-50.* Hanna, S.D., Guillemette, M. A., and Finke, M. S. (2013). Assessing risk tolerance. In H. Kent Baker and Greg Filbeck (Eds.) Portfolio Theory and Management, Oxford University Press, New York, 99-120. Guillemette, M. A., Finke, M.S. and Gilliam, J.E. (2012). Risk Tolerance Questions to Best Determine Client Portfolio Allocation Preferences, Journal of Financial Planning, 26(5), 34-42.* *peer-reviewed Invited Conference Presentations Guillemette, M. A., Martin, T. K., Cummings, B. F. and James, R. N. (2014). Who demands longevity insurance? Presented at the Financial Planning Association Business and Education Conference (Seattle, WA) Under review Geneva Papers on Risk and Insurance Issues and Practice Guillemette, M. A., Browning, C. M. and Payne, P. (2015). Don t Like the Picture? Change the frame: The impact of cognitive ability and framing on risky choice. Presented at the 2014 Academy of Financial Services Conference (Nashville, TN) Guillemette, M. A., Yao, R. and James, R. N. (2014). Using monetary loss aversion to assess risk tolerance questionnaires. Presented at the 2014 American Council on Consumer Interests Conference (Milwaukee, WI) Guillemette, M. A., Martin, T. K. and Gibson, P. (2014). Investor sophistication and target-date fund investing. Presented at the 2015 American Council on Consumer Interests Conference (Clearwater, FL) 2015 American Council on Consumer Interests CFP Board Financial Planning Research Award Presented at the 2014 Texas Tech Financial Planning Research Symposium (Lubbock, TX). Guillemette, M., James, R. and Larsen, J. (2013). Risk preferences under cognitive load. Presented at the 2013 Academy of Financial Services Conference (Chicago, IL) Guillemette, M. and Nanigian, D. (2013). What determines risk tolerance? Presented at the 2013 Academy of Financial Services Conference (Chicago, IL) Guillemette, M. and Finke, M. (2013). Changing risk tolerance. Presented at the 2013 Financial Planning Association Experience Conference (Orlando, FL) Discussant 2013 Financial Management Association Conference (Chicago, IL)
Foster, D. F. and Warren, G. (2013). Equity manager selection and portfolio formation: Interviews with investment staff Invited Industry Presentations Guillemette, M. A. (2015). Clients Changing Risk Preferences. Financial Planning Association, Portland, OR. Guillemette, M. A. (2015). Clients Changing Risk Preferences. Financial Planning Association, Puget Sound, WA Working Papers Guillemette, M.A. and Jurgenson, J. (2015). The effect of certification on investment decisions. Under review Journal of Financial Counseling & Planning Guillemette, M.A., Cummings, B. F., Martin, T.K. and James, R. N. (2015). Financial advice and the demand for flood insurance. Yao, R., Nanigian, D., Guillemette, M. A. (2015). Portfolio Insurance Possibilities for Loss-Averse Investors. Select Media Appearances AWARDS 2015, Jun 17, New investors are putting billions in this fund. CNN 2015, Jun 8, Auto-pilot investors avoid costly mistakes. Futurity 2015, May 31, Baby Boomers, grab a shovel and help Millennials dig out of debt. Forbes 2015, Mar 3, Playing for Zero. Bloomberg 2014, Dec 4, The ABCs of Annuities. U.S. News & World Report 2014, Sept 11, Keep Your Money Out of the Mattress: Investing for the Short Term. U.S. News & World Report 2014, July 17, Check Your Tolerance for Investment Risk Now, Before Markets Sag. Wall Street Journal 2014, June 23, Does Risk Tolerance Merely Track the Market? Thinkadvisor 2013, July 29, Why Stock Investors Freak Out. Thinkadvisor 2012, May 23, How to better understand your risk tolerance. MarketWatch 2015 American Council on Consumer Interests CFP Board Financial Planning Research Award GRANTS
Solving the Under-Annuitization Problem. Margaret Mangel Research Catalyst Grant. Amount: $3,000 (2015) Do differences in the marginal propensity to consume alter risk preferences? Mizzou Alumni Association Richard Wallace Faculty Incentive Grant. Amount: $2,500 (2014) TEACHING EXPERIENCE University of Missouri Spring 2015 Fall 2014 Spring 2014 Fall 2013 Retirement Planning and Employee Benefits, undergraduate level, 3 credits Family and Personal Finance, undergraduate level, 3 credits Financial Planning: Risk Management, undergraduate level, 3 credits Family and Personal Finance, undergraduate level, 3 credits Financial Planning: Risk Management, undergraduate level (online), 3 credits Portfolio Theory and Management, graduate level, 3 credits Financial Planning: Risk Management, undergraduate level, 3 credits Seminar in Household Economics and Finance, graduate level, 1 credit Texas Tech University Spring 2013 Fall 2012 Summer 2012 Spring 2012 Fall 2011 Spring 2011 Fall 2010 Summer 2010 Fall 2009 Introduction to Personal Finance, undergraduate level, 3 credits Introduction to Personal Finance, undergraduate level, 3 credits Client Communication and Counseling, graduate level, 3 credits Financial Problem Solving, undergraduate level, 3 credits Employee Benefits, undergraduate level, 2 credits Personal Investing, undergraduate level, 1 credit Retirement Planning, undergraduate level, 3 credit hours Personal Finance: Managing Risk, undergraduate level, 3 credit hours (online) Risk Management and Insurance Planning, undergraduate level, 3 credit hours SERVICE Reviewer CFP Board Ambassador, January 2015 - Present Board member Society of Financial Service Professionals, Columbia, MO, January 2015 - Present Department representative for the College of Human Environmental Sciences scholarship committee, January 2014 Present Advisor, Financial Service Professionals Industry Issues Competition, First Place - $5,000 scholarship for MU students, Nov 2014 Jan 2015 Search committee member for State Extension Specialist in Personal Financial Planning, January 2014 May 2104
National Science Foundation Journal of Financial Counseling and Planning Journal of Personal Finance Doctoral Committees Payne, P., Ph.D. Candidate, Texas Tech University. Dissertation topic: Risk Tolerance and Well-Being in Recessions Yuanshan Cheng, Ph.D. Candidate, Texas Tech University. Dissertation topic: Consumer Perception of Financial Advisors