December 1, 2023
MADISON, Wisconsin – Madison Investments Holdings Inc (“Madison Investments”), an independently-held investment management firm known for its expertise in actively managed, high-quality portfolios, celebrates 50 years in business under new majority ownership: its employees.
Established during a period of severe market volatility in 1974, Madison Investments understood the importance of risk management in investing. The trademarked “Participate and Protect®” philosophy permeates throughout the firm as it has grown from a local investment manager to a nationally recognized multi-billion-dollar investment organization that services clients across all fifty states, Canada, and globally.
Today, Madison Investments announces that it has closed on a transfer of majority ownership from the firm’s founder, Frank Burgess, to the firm and current, long-standing team of senior management, investment professionals, and employees. The deal was previously announced in August 2023.
“As Madison Investments celebrates 50 years in business, we find ourselves extremely well positioned to continue our legacy of crafting high quality investment portfolios coupled with exceptional client service,” stated Steven Carl, Chair of the Executive Committee of Madison Investments.
The change in control reflects the firm’s commitment to maintaining its independent, employee-owned status and preserving its distinctive owner-operator culture. The broad-based equity ownership structure will further strengthen the alignment of incentives between employees and clients. It will also ensure that the current culture, which is conducive to high investment performance, a focus on client results, and an exceptional customer experience, will continue uninterrupted.
About Madison Investments
Madison Investments is an independent investment management firm based in Madison, WI. The firm was founded in 1974, has approximately $22 billion in assets under management as of November 30, 2023, and is recognized as one of the nation’s top investment firms. Madison Investments offers domestic fixed income, U.S. and international equity, covered call, multi-asset, insurance, and credit union investment management strategies.