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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Madison Investments Announces Ownership Transfer to Employees

MADISON, Wis., Aug. 18, 2023 (GLOBE NEWSWIRE) -- Madison Investments Holdings, Inc. (“Madison Investments”), an independently-held investment management firm known for its expertise in actively managed, high-quality portfolios, is pleased to announce that majority ownership will be transferred from the firm’s founder, Frank Burgess, to the firm and current, long-standing team of senior management, investment professionals, and employees.

The change in control reflects the firm’s commitment to maintaining its independent, employee-owned status and preserving its distinctive owner-operator culture. This broad-based equity ownership structure will 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.

“Madison Investments has passionately served a wide array of clients for nearly 50 years,” stated Steven Carl, Chair of the Executive Committee of Madison Investments. “This ownership transition to the next generation of firm leaders and investment professionals secures the legacy of Madison Investments and continues the alignment of incentives between our employees and the clients that have entrusted us with their assets. The firm is extremely well positioned to continue delivering an excellent investment experience for years to come.”

The ownership transfer serves as the final phase of a comprehensive succession plan and is scheduled to go into effect in the fourth quarter of 2023.

About Madison Investments
Madison Investments is an independent investment management firm based in Madison, WI. The firm was founded in 1974, has approximately $22.9 billion in assets under management as of June 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.

“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC, and Madison Investment Advisors, LLC. Madison Funds are distributed by MFD Distributor, LLC. Madison is registered as an investment adviser with the U.S. Securities and Exchange Commission. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority (www.finra.org).


Media contact
Matt Perry, Madison Investments, Marketing and Communications
mattp@madisonadv.com 608-216-9177

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