Madison Investment Advisors, LLC (Madison)


Madison Investment Advisors, LLC is a large advisory firm based in Madison. It manages $10.54 billion of regulatory assets for 9,031 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Madison Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and subadvisory portfolio management in wrap sponsor programs. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Madison Investment Advisors: assets under management

The assets under management (AUM) of Madison Investment Advisors, LLC is $10.54 billion. The firm's AUM has grown by 56% since the beginning of its operation, and $354.61 million of the total AUM is attributable to clients outside of the United States.

The firm manages $8.07 billion in discretionary accounts and $2.48 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $897.21 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $59.03 million.
Madison Investment Advisors has custody of $364.28 million in cash and securities for 302 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 26% of the total AUM. The second-largest asset type is government bonds, which make up 24% of the firm’s portfolio. Investments in state and local bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Madison Investment Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Madison Investment Advisors serves?

The firm provides services to individuals, insurance companies, charitable organizations, other investment advisers, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Madison Investment Advisors is insurance companies with 155 clients and $3.04 billion of assets under management. Among the 11 most similar advisory firms, Madison Investment Advisors has the 2nd highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $10.54 billion for 9,031 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Madison Investment Advisors doesn't advise any private funds.

Careers at Madison Investment Advisors, LLC

The company employs 79 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 26 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Michael Joseph Schlageter Member of board of directors of parent company 1 Jul 1996 Other 1091462
Jay Robert Sekelsky Executive director and chief investment officer 1 Jul 1996 Other 2168997
Katherine Louise Frank Executive director and chief operating officer 1 Jul 1996 Other 2205883
Wayne Richard Mason Chief compliance officer 1 Jul 1996 Other 2301452
John F Mcclure Managing director 1 Jul 1996 Other 2169108
Christopher Carl Berberet Managing director 1 Jul 1996 Other 2482247
Michael Roland Yaktus Managing director 1 Jul 2004 Other 1595056
Paul A. Lefurgey Executive director and head of fixed income 1 Jan 2008 Other 4344465
Paul Anthony Lefurgey Chairman of executive committee and board member of parent company 1 Jan 2008 Other 4344465
Richard Allen Eisinger Managing director 1 Jan 2008 Other 2324340
Jay Robert Sekelsky Chief investment officer and board member of parent company 1 Jun 2008 Other 2168997
Katherine Louise Frank Board member of parent company 1 Jun 2008 Other 2205883
Elizabeth A Dettman Managing director and cfo 1 Sep 2008 Other 3031834
Elizabeth Anne Dettman Chief financial officer 1 Sep 2008 Other 3031834
Brian John Cleven Managing director 1 Sep 2008 Other 4188820
Pamela Marie Krill General counsel and chief legal officer 1 Sep 2009 Other 5016903
Llc Madison Asset Management Immediate corporate parent 1 Nov 2010 75% - 100% 130874
William Sill Foster Schoyer Executive director - corporate strategy 1 Jul 2013 Other 2527990
Steven Allan Carl Executive director 1 Jan 2014 Other 2749848
Frank Edward Burgess Chairman of the board of parent company 1 Jan 2015 Other 2169320
Steven Allan Carl Chief business development officer and board member of parent company 1 Jan 2015 Other 2749848
Lisa Rae Lange Chief legal officer 1 Mar 2015 Other 2154795
Kevin Sean Thompson Chief legal officer 1 Apr 2017 Other 5211343
Paul Anthony Lefurgey Chief executive officer and board member of parent company 1 Oct 2017 Other 4344465
Elizabeth Anne Dettman Chief operating officer 1 Jan 2018 Other 3031834
Kevin Sean Thompson Chief legal officer; chief compliance officer; chief administrative officer 1 Jan 2018 Other 5211343
Kevin Sean Thompson Chief legal officer and chief administrative officer 1 May 2018 Other 5211343
Steven Joseph Fredricks Chief compliance officer 1 May 2018 Other 2979708
Richard Allen Eisinger Vice president, head of equities and board member of parent company 1 Nov 2018 Other 2324340

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Frank Edward Burgess Chairman of the board of madison investment holdings, inc. 1 Jul 1996 25% - 50% 2169320
Inc Madison Investment Holdings Holding company 1 Nov 2010 75% - 100% 110356

Based in Madison

The principal office where Madison Investment Advisors, LLC performs its advisory services is located at 550 Science Drive, Madison, WI 53711, which is also the mailing address of the firm. An additional office of the firm is in Scottsdale, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 608-274-0300 or by fax 608-274-7905. The normal business hours are 8:00 am - 5:00 pm ct on Monday - Friday. You can find more information about the New York firm at madisonadv.com.