Active U.S. Equity Investments

Our Philosophy

Madison's U.S. Equity Team seeks superior returns, while striving to take less risk than the indices, by buying a select number of high-quality businesses at prices below their intrinsic value. The team approaches investing with the mindset that stocks are fractional ownership in a business, not pieces of paper for short-term speculation.

This philosophy results in concentrated, low-turnover portfolios (typically 25-40 holdings) whose high active share reflects our portfolio managers’ willingness to stand apart from market indices. 

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U.S. Equity Team

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    Rich Eisinger

    Head of Equities, Portfolio Manager

    Rich serves as Head of Equities, portfolio manager for Madison’s large and mid-cap strategies.

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    Aaron J. Garcia, CFA®

    Portfolio Manager

    Education: Rice University, BA

    Investment Experience since 2002

    Prior Experience: Stifel Nicolaus & Co.

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    Faraz Farzam, CFA®

    Portfolio Manager

    Education: University of Wisconsin, BS

    Investment Experience since 1999

    Prior Experience: Strong Capital Management, Inc.

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    Richard E. Lane, CFA®

    Portfolio Manager

    Education: University of Wisconsin, MS, BA - Applied Security Analysis Program

    Investment Experience since 1982

    Prior Experience: Fiduciary Management, Inc., Cleary Gull Reiland & McDevitt, Inc., Stein Roe & Farnham, Inc.

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    Joe Maginot

    Equity Analyst

    Joe is an equity analyst for Madison’s U.S. Equity Team. He has worked in the financial services industry since 2012 

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    Brian Milligan, CFA®

    Equity Analyst

    Brian Milligan, CFA, serves as a equity analyst for Madison’s U.S. Equity Team. 

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    Dave Geisler

    Portfolio Manager

    Dave, specializes in customized portfolio management for Madison's private client relationships.

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    Maya Bittar, CFA®

    Portfolio Manager

    Maya Bittar, CFA, specializes in customized portfolio management for Madison's private client relationships.

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    Haruki Toyama

    Director of U.S. Equities, Portfolio Manager

    Haruki serves as a portfolio manager for Madison’s mid-cap strategies and is an equity analyst for Madison’s U.S. Equity Team. 

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    Matt Hayner, CFA®

    Portfolio Manager

    Matt Hayner, CFA, serves as a portfolio manager for Madison’s large-cap strategies and is an equity analyst for Madison’s U.S. Equity Team. 

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    Andy Romanowich, CFA®

    Portfolio Manager

    Andy Romanowich, CFA, serves as a portfolio manager and analyst for Madison’s U.S. Equity Team. 

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    Marian Quade, CFA®

    Director of Private Client Investments

    Marian Quade, CFA, has over  40 years of investment experience, including portfolio management and serving as head of equities. She specializes in customized portfolio management for Madison's private client relationships.


    • “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.

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