Don't know about stem cuttings, but if it is an option then it is too late in the season. I would guess that late spring or early summer is what they would recommend.
You can grow it from seed, but if it is a hybrid, that is when it may not come true. If your neighbor knows the variety name of it, you could find out. If it is an Aconitum species, it will come true from seed. Aconitum seed is recalcitrant, meaning you can't let it dry out before you plant it, like you do with most seeds. Ripe seed should be planted within 2-3 weeks (the earlier the better), although it won't sprout until the following spring.