Madison Scottsdale

Investment Solutions for Insurance Companies

For over 20 years, Madison Scottsdale has solely focused on insurance investment management. Our team is led by managing directors who each have previous professional experience as asset managers within insurance organizations. These industry veterans work directly with client-partners to develop and refine customized portfolios that address the unique needs of insurance companies.

Madison Scottsdale complements traditional portfolio management with asset allocation support, investment policy development, Enterprise Risk Management metrics, performance reporting/attribution and ongoing education. Additionally, our clients work directly with dedicated portfolio managers throughout their relationship with Madison Scottsdale.

Our Process

Align Business Goals - We frame an investment strategy with the potential to support growth, manage asset risk in response to insurance operations and protect capital and surplus.

Quantify Investment Objectives -  We identify and define the most important goals for managing each company’s assets.

Assess Risks and Constraints -  We conduct a detailed review of practical constraints and guidelines that affect the investment portfolio and its implementation.

Refine Investment Policy - We specify risk parameters and limits to govern overall investment strategy and execution.

Craft a Custom Portfolio - We assemble parts into a whole; managing risk and providing the best opportunity to achieve objectives.

Monitor and Report Performance - Our review mechanism efficiently ensures compliance, evaluates results and recommends changes.

Madison Scottsdale Team

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    William Fain

    Managing Director, Portfolio Manager

    Mr. Fain joined Madison Scottsdale in 2002 and brings almost three decades of experience managing taxable and tax-advantaged portfolios for insurance companies. 

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    Anjanette Fowler

    Managing Director, Portfolio Manager

    With over 25 years of experience in the investment management arenas of several insurance companies, Ms. Fowler brings a valuable understanding of the unique statutory, operational, investment and accounting to our insurance clients. 

  •  

    Donald Miller

    Managing Director, Portfolio Manager

    Mr. Miller, CFA, joined Madison Scottsdale with over 20 years of insurance company and bank investment management experience. 

  •  

    Steve Cherrier

    Portfolio Manager

    Mr. Cherrier, CFA, has over 34 years investment management experience in managing insurance company, bank and trust fixed income portfolios.

  •  

    Alyssa Johnson

    Investment Analyst

    Ms. Johnson joined the Madison organization in 2003 and oversees the investment accounting and reporting of our Insurance Asset Management Division.

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    Marian Quade

    Director of Wealth Management

    Marian Quade, CFA, has over 35 years of investment experience, including portfolio management and serving as head of equities. She specializes in customized portfolio management for Madison's high net-worth relationships.

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    Adam Sweet

    Associate Portfolio Manager

    Adam Sweet, CFA, serves as an associate portfolio manager for Madison’s U.S. Equity Team. 

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    Paul Lefurgey

    Chairman of the Executive Committee/Director of Fixed Income

    Paul Lefurgey, CFA, serves as Director of Fixed Income for Madison and is the Chairman of the Executive Committee. 

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    Jeffrey Matthias

    Portfolio Manager

    Jeffrey Matthias, CFA, CIPM, serves as a portfolio manager and analyst for Madison’s Fixed Income Team, specializing in tax-exempt municipal bond portfolios. 

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    Edward Meier

    Portfolio Manager

    Edward serves as a portfolio manager for Madison's Fixed Income Team. 

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    Chris Nisbet

    Portfolio Manager

    Chris Nisbet, CFA, serves as a portfolio manager for Madison’s Fixed Income Team, specializing in government and corporate bond portfolios. 

  •  

    Allen Olson

    Portfolio Manager/Analyst

    Allen Olson, CFA, serves as a portfolio manager and analyst for Madison’s Fixed Income Team, specializing in corporate-only and credit research. 

  •  

    Michael Peters

    Portfolio Manager

    Mike Peters, CFA, serves as a portfolio manager and analyst for Madison’s Fixed Income Team, specializing in taxable and tax-free strategies. 

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    Greg Poplett

    Portfolio Manager

    Greg Poplett, CFA, serves as a portfolio manager for Madison’s Fixed Income Team, specializing in government and corporate bond portfolios. 

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    Rob Roquitte

    Portfolio Manager

    Rob Roquitte, CFA,  is actively involved with investment strategy on both equity and fixed income portfolios.

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    Mike Sanders

    Portfolio Manager/Analyst

    Mike Sanders, CFA, serves as a portfolio manager for Madison’s Fixed Income Team, specializing in credit research. 

  •  

    Alan Shepard

    Portfolio Manager/Analyst

    Alan Shepard, CFA, serves as a portfolio manager and credit analyst on Madison’s Fixed Income Team, specializing in corporate only and credit research. 


    • Madison Scottsdale is the insurance asset management division of Madison Investment Advisors, LLC. Intended for insurance industry professional use only.

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