Madison Investments (“Madison”) has acquired the Small Cap Equity Team and assets of former Broadview Advisors, LLC (“Broadview”.) “In addition to being a great cultural fit, the acquisition deepens our investment talent and broadens our investment offerings” said Rich Eisinger, Madison’s Head of Equities, who oversees the Madison U.S. Equity Team that the Small Cap Equity managers are joining.
Former Broadview Advisors’ Portfolio Managers Rick Lane, Aaron Garcia and Faraz Farzam will continue to manage the Small Cap Equity strategy at Madison. As part of the acquisition, the former Broadview Opportunity Fund (BVAOX) – with its 22-year track record – was merged into the existing Madison Small Cap Fund. “This strategic acquisition adds an excellent small cap equity team and strategy to our existing U.S. Equity offerings. It is the perfect complement to our current Mid Cap and Large Cap Equity strategies” said Steve Carl, Madison’s Chief Business Development Officer.
Rick Lane, former President of Broadview, is excited that the new partnership allows the team to focus on investment excellence and portfolio management. Mr. Lane noted, “Madison’s history of independence makes them an attractive partner and their operational and distribution strength will greatly enhance our ability to focus on investment performance and serve our clients.” Lane describes his long-held investment philosophy as “disciplined and patient, investing in quality, enduring businesses run by strong management teams.” Madison’s Eisinger notes how closely this matches Madison’s equity investment approach, “we also believe in the power of fundamental research and share a commitment to high active share. And it is our view that investors can benefit from actively managed small cap portfolios so we are eager to offer another alpha-driven capability to clients.”
“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC, and Madison Investment Advisors, LLC, which also includes the Madison Scottsdale office. 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.
Madison Investments shares all personnel and resources at their Madison, Wisconsin location. Statistical data is for the consolidated Madison organization. The Madison organization consists of its holding company, Madison Investment Holdings, Inc. and its affiliates: Madison Asset Management, LLC; Madison Investment Advisors, LLC; and Hansberger Growth Investors, LP. Asset information presented includes non-discretionary assets. Refer to each entity’s Disclosure Brochure for more information.