03/09/16 Raminder K. Luther 1of 6 Raminder K. Luther, Ph.D., CFP® Associate Professor Dept. of Accounting and Finance Bertolon School of Business Salem State College, Salem, MA (978) 542-7006 rluther@salemstate.edu Areas of Interest Teaching: Research: Education January 2006 August 2005 Dec 1993 June 1984 June 1982 21 Sanderson Road Lexington, MA 02420 (781) 402-0054 Investments, Financial Planning, International Finance Financial Planning, Prediction Models in Finance, Individual Investing CFP® (Certified Financial Planner) Certification Real Estate Salesperson License Ph.D. (Finance) University of Mississippi MBA (Marketing) University of Delhi B.Sc. (Electrical Engg.) Panjab University Teaching Experience 2004-present Associate Professor, Salem State College, Salem, MA 1998-present Assistant Professor, Salem State College, Salem, MA 1993-1998 Assistant Professor, Marywood University, Scranton, PA 1990-1993 Graduate Instructor, University of Mississippi, Oxford, MS Courses Taught Graduate Level Investment Analysis and Portfolio Management Retirement and Employee Benefit Planning Financial Planning and Management Global Finance Undergraduate Level International Finance Financial Management Finance Seminar Investments and Portfolio Management Personal Finance Professional Experience 2001 Practicing Personal Financial Planning specializing in overall financial health, real estate planning, retirement planning, and college funding 1990 –1993 Graduate Assistant, University of Mississippi 1990-1992 Computer Consultant , University of Mississippi 03/09/16 1984-1988 Raminder K. Luther 2of 6 Sr. Marketing Engineer , DCM Data Products Developed markets for UNIX based and IBM-PC compatible computers, and conducted seminars on benefits of computer usage in the banking industry in India. Publications “Sector Exchange Traded Funds – Does the Brand Name Matter?” Conference proceedings, Northeast Business and Economics Association Meetings, 2007 “Sector Exchange Traded Funds”, Proceedings of the Academy of Financial Services Meeting, 2007 “North of Boston Municipal Expenditures Study”, a study co-authored under a MIGS grant from the Massachusetts Department of Housing and Community Development”, June 2000. “Impact of Euro on World Financial Markets”, in Proceedings of the Northeast Business and Economics Association, 1999 Annual Conference, Connecticut, October 1999. “Financial Management Difficulties” a Chapter in Pathways To The Future: A Review of Military Family Research, June 1999. “Employer’s Costs of Employees’ Personal Financial Management Difficulties” co-authored with Irene Leech and Tom Garman in Personal Finances and Worker Productivity, June 1998 “An Artificial Neural Network Approach to Predicting the Outcome of Chapter 11 Bankruptcy”, in Journal of Business and Economic Studies, Spring 1998 “The Scope of Personal Financial Management Difficulties”, Military Family Issues: The Research Digest”, January 1998, 2:2 9-10 “Export Marketing Guide for the Hardwood Industry” produced under a grant from the Northern Tier Regional Planning and Development Commission, May 1997 “Scope and Impact of Personal Financial Management Difficulties of Service Members on the Department of the Navy”, A Technical Report produced under a grant from the Department of Defense, January 1997 “International Business Management - Student Study Guide” Manuscript published for use by Off Campus Degree Program, Marywood University, Fall 1996. “Predicting Reorganization of Chapter 11 Firms using Artificial Neural Networks”, published dissertation, 1994. Presentations and Active Conference Participation “Performance Comparison of Sector Exchange Traded Funds”, presented at the Academy of Financial Services Conference, 2007. “Retirement Income of Highly Educated Women Born During the 1920s and 1930s”, Discussant, Academy of Financial Services Conference, 2007 “U.S.-India Trade Relations and Outsourcing of Jobs to India”, presented at the Summer Institute, Salem State College, July 2005. “Corporate Ethics: Building Public Trust”, presented at Summer Institute, Salem State College, June 2003 “Money Makes the World Go Around: The Changing Nature of International Monetary Relations”, presented at Summer Institute, Salem State College, June 2002 “The Stability of Financial Institutions in Russia”, presented at the Summer Institute, Salem State College, June 2001 “ETFs vs Index Funds – A Primer,” presented at the Faculty Symposium, Salem State College, April 2001 03/09/16 Raminder K. Luther 3of 6 “Matrix Prices vs. Exchange Prices: A Study of Investment Restrictions, Bond Rating Changes and Bond Market Efficiency” presented at the Financial Management Association Meetings in Seattle, Oct. 2000 “The Introduction of Euro and its Impact on World Financial Markets”, presented at the Northeast Business and Economics Association Meetings, Connecticut, October 1999 “The European Union and World Trade – Dynamics of Major World Currency Markets”, presented at the Business Institute, Salem State College, June 1999 “Personal Financial Mismanagement by Employees and its Cost to the Employer” at the Faculty Symposium, Salem State College, March 1999 “The Importance of Multiple Samples in Prediction Models” at the Midwest Finance Association Meetings, Chicago, 1998 “Personal Financial Management Difficulties and its Impact on Readiness and Retention”, at the DoD Pre-AFCPE Conference, SanDiego, 1997 “Scope and Impact of Personal Financial Management Difficulties of Service members on the Navy”, Technical Briefing at the Pentagon to the Assistant Secretary of Defense and other teams, Washington D.C., 1997 “Predicting the Outcome of Chapter 11 Bankruptcy - An Artificial Neural Network Approach”, at the Northeast Business and Economics Association Meetings, Philadelphia, 1997 – (Won the best paper award) “Scope and Impact of Personal Financial Management Difficulties of Service members on the Navy The Results of the Study”, at the Association of Financial Counseling and Planning Education Meetings, Michigan, November 1996 “Personal Financial Planning as a Course for all Business Majors”, Panel Member at the FMA, New York, 1995. “Personal Investment Planning” seminars conducted for the School of Continuing Education, Marywood University, 1995, 1996. “Which Taxable Mutual Fund is Best”, discussant at the Midwest Finance Association Meetings in Nashville, Tennessee, March 1999 “Financial Distress and Corporate Layoffs” session chair at the Midwest Finance Association Meetings in Nashville, Tennessee, March 1999 “Taxes and Investment Decisions”, session chair at the Midwest Finance Association Meetings, Chicago, 1996. “The Valuation Effects of Out-of-Money Calls of Convertible Securities” discussant at the Financial management Association meetings, Chicago, 1991. “Bank Portfolio Selection Under Government Capital Adequacy Regulation” discussant at South Central Finance Workshop, Florida, 1991. Invited Presentations “Retirement Planning” presented to the India Association of Merrimack Valley, February 2005 Speaker at the Graduate Fall Honors Program, November 2006 Ongoing Research “Performance Comparison of 2005 listings on AIM at the London Stock Exchange versus those at the NASDAQ”, Work in Progress “Investing in Index Shares instead of Mutual Funds” Work in progress “The viability of sector ETFs in individual portfolios”, Work in Progress “Retirement Choice for Faculty”, Work in Progress 03/09/16 Raminder K. Luther 4of 6 “Munroe Center for the Arts- A Case Study in Capital Budgeting”, Work in progress “Retirement Plan changes and debt ratings”, Work in progress Other Professional Contributions 2010 Reviewer, Academy of Financial Services 2010 Reviewer, Southern Finance Association 2009-2010 Member, Faculty Learning Community on Advising 2007 Reviewer, Academy of Financial Services 2007 Career Planning Committee, FPA-Program Directors joint committee 2007 Discussant, Academy of Financial Services 2004 Sponsor, Undergraduate Research Forum, Salem State College 2001 Sponsor, Undergraduate Research Forum, Salem State College 2001 Reviewer, International Academy of African Business Development 1998, 1999 Reviewer, Journal of Business and Economic Studies 1998, 1999 Reviewer, Midwest Finance Association 1997-1999 Discussant and Session chair, Midwest Finance Association 1992 Reviewer and Discussant, Southern Finance Association 1997 Director, Academy of Financial Services 1997, 1998 American Association of University Women, member 1997-1998 International Trade Advisory Board, Economic Development Council, Northeastern Pennsylvania 1997-1998 Sam Walton Fellow of Free Enterprise Professional Associations Financial Planning Association – Career Planning Committee Financial Management Association - Program Committee Midwest Finance Association, Session Chair, Presenter and Discussant Southern Finance Association, Reviewer, Discussant Academy of Financial Services - Director, Presenter Omicron Delta Epsilon Honor Society in Economics American Association of University Women, member International Trade Advisory Board, Economic Development Council, Northeastern Pennsylvania Service to the College/University 2009-2010 Member, Graduate Committee, Bertolon School of Business 2009-2010 Member, NEASC Reaccreditation committee 2009-2010 Co-Chair, Graduate Dean Search Committee, Salem State 2008-2009 Chair, Peer Evaluation Tenure Committee, Accounting and Finance 2008-2009 Member, Business Outreach Committee, Bertolon School of Business Summer 2008 Met with the Secretary of Education and Chairman BHE on behalf of faculty 2007-2008 Interacted with North Shore Community College to explore collaboration 2007-2009 Organizer, Open Houses for Graduate Programs in Business, Bertolon School of Business 2006-2008 Reinstated &ex-officio member, Graduate Faculty Committee, School of Business Summer 2006 Renewed Double diploma agreement with Sup-De-Co, Montpellier, France 2006- 2007 Member, Graduate Education Council 2005-2007 Showcased MBA program at the New England MBA Forum 03/09/16 2005-present 2005-present 2006-2007 2004-2006 2004-2005 2004-2005 2003-2004 2002-2004 2002-2003 2002-2003 2000-2001 2000-2001 2000-2002 2000-2001 2000-2001 1999-2000 1999-2000 1999-2000 1999-2000 1999-2000 1998-1999 1997-1998 1996-1997 1996-1997 1996-1997 1995-1996 1995-1996 1994-1995 1994-1995 Raminder K. Luther 5of 6 Member, MBA admissions Committee Coordinator, Graduate Programs in Business Chair, Faculty Search Committee, School of Business Program Director, Graduate Certificate in Financial Planning Member, Academic Computing Committee Registered GCFP program with the CFP Board Developed Graduate Program in Financial Planning Member, Council on Teaching and Learning, Salem State College Chair, Faculty Search Committee, School of Business, Salem State College Member, College Curriculum Committee, Salem State College Secretary, Strategic Planning Committee, School of Business, Salem State College Member, Core Curriculum Committee, Salem State College Member, College Curriculum Committee, Salem State College Chair, Faculty Search Committee, School of Business, Salem State College Chair, Departmental Curriculum Committee, School of Business, Salem State College Member, Faculty Search Committee, School of Business, Salem State College Member, Student Affairs Committee, Salem State College Member, College Budget Committee, Salem State College Secretary, Strategic Planning Committee, School of Business, Salem State College Co-Director, Small Business Institute, School of Business, Salem State College Chair, Accounting and Finance Curriculum Committee, Salem State College Sam Walton Fellow of Free Enterprise, Marywood University Member, Marketing Task Force for the University, Marywood University Co-Chair, Middle States Review Committee, Marywood University Member, Task Force on Shared Governance, Marywood University Member, Compensation Committee, Marywood University Member, Goal II Planning Committee, Marywood University International Business and MBA program self study, Marywood University Member, Core Curriculum Review Committee, Marywood University New Course/Program Development Revised MBA Curriculum to include many new courses, many changed courses and a new flow sheet in keeping with the trends in business schools already accredited by AACSB, Spring 2008 “Fundamentals of Financial Planning and Insurance”, a new graduate course for the Graduate Certificate in Financial Planning program, and an elective for the MBA program, Fall 2004 “Income Tax Planning” a new graduate course for the Graduate Certificate in Financial Planning program, and an elective for the MBA program, Fall 2004 “Retirement and Employee Benefits Planning”, a new graduate course for the Graduate Certificate in Financial Planning program, and an elective for the MBA program, Fall 2004 “Estate Planning”, a new graduate course for the Graduate Certificate in Financial Planning program, and an elective for the MBA program “Global Trade and Finance”, a new course to be a part of the core for the Certificate in Advanced Graduate Studies in Business “Financial Markets and Institutions” a new elective course for the MBA program approved by the Graduate Business Faculty Committee, Salem State College on April 30, 1999 03/09/16 Raminder K. Luther 6of 6 “Portfolio Theory and Capital Markets” a graduate course introduced and taught at Marywood University Community Service 2006-present Member, Cultural Committee, India Association of Lexington, MA 2004-present Volunteer and Holy Book Reader, Gurdwara Guru Nanak Darbar, Somerville, MA 2003-2004 Writing Volunteer, Bowman Elementary School, Lexington, Massachusetts 2001-2003 Lead Volunteer to teach Bhangra (an Indian folk dance) to Lexington youth 2001–2002 Board member, and member Finance Committee – Special Olympics 1999-2000 Math Volunteer, Bowman School Lexington, Massachusetts 1999-2000 Asst. Coach, Lexington Youth Soccer, Lexington, Massachusetts 1996-1998 Advisory Board, Frichionne Day Care Center, Scranton, Pennsylvania 1997-1998 Volunteer, St. Francis Soup Kitchen, Scranton, Pennsylvania 1996 Board of Directors, Scranton-Pocono Girl Scouts Council , Pennsylvania 1996 International Trade Advisory Board, Economic Development Council, Northeastern Pennsylvania 1995 Coordinator Women’s Issues Forum for Financial Management Association