About FMI

Fiduciary Management, Inc. (“FMI”), founded in 1980, is an independent money management firm based in Milwaukee, Wisconsin. FMI’s equity investing strategies apply a value discipline, with a focused approach firmly rooted in fundamental research. As of 3/31/2023, FMI had approximately $14.1 billion in AUA ($13.9 billion AUM) for domestic and international institutions, individual investors, and Registered Investment Advisors through separately managed accounts and the FMI Mutual Funds.

Small Cap Equity
Large Cap Equity
All Cap Equity
International Equity
Focused Global Equity
Investment Strategy Outlook (ISO) Letters

Meet the FMI Team

Mr. English joined Fiduciary Management, Inc. in 1986. He is the Executive Chairman and Co-Chief Investment Officer. He is also a partner and member of the Portfolio Management Committee. Pat works with the firm’s analysts in vetting new research ideas. Prior to joining FMI, Pat was a research analyst with Dodge & Cox (1985-1986). Pat received a BA degree from Stanford University. He is a member of the CFA Society of Milwaukee and has earned the right to use the Chartered Financial Analyst designation.

Patrick J. English, CFA
Executive Chairman, Co-Chief Investment Officer

Mr. Bloom joined Fiduciary Management, Inc. in 2010. He serves as Co-Chief Investment Officer and is a partner at the firm. Jonathan works with the firm’s analysts on vetting new research ideas. He is a partner and member of the firm's Portfolio Management Committee. Jonathan received a BA degree from Brown University and an MBA from Columbia Business School. He is a member of the CFA Society of Milwaukee and has earned the right to use the Chartered Financial Analyst designation.

Jonathan T. Bloom, CFA
Co-Chief Investment Officer

Mr. Brandser joined Fiduciary Management, Inc. in 1995. He is the President and Chief Executive Officer. He is also a partner and member of the Portfolio Management Committee. Prior to joining FMI, John was an officer with Marshall & Ilsley Corporation (1985-1995). He received a BA degree from the University of Minnesota-Duluth.

John S. Brandser
President, Chief Executive Officer

Mr. La Nuez joined Fiduciary Management, Inc. in 2021.  He is the Chief Operating Officer, Chief Compliance Officer, and a partner at the firm.  Dan oversees the compliance program and operational efforts. Prior to joining FMI, Dan was an Associate at PricewaterhouseCoopers (2005-2007) and then a Private Equity Controller at B.C. Ziegler & Company (2007-2011).  In 2011 he joined Northwestern Mutual (2011-2017) where he would eventually serve as an Assistant Compliance Director.   Dan had most recently worked as the Chief Financial and Compliance Officer of Landaas & Company, LLC (2017-2021).  He has a BSBA in Accounting from Marquette University and an MBA from the University of Nebraska.  He is a member of the AICPA, the WICPA, and is a Certified Public Accountant in the State of Wisconsin.

Daniel C. La Nuez, CPA
Chief Operating Officer, Chief Compliance Officer

Mr. Burns joined Fiduciary Management, Inc. in 2002. He is an Executive Vice President and a partner of the firm. He is responsible for coordinating the marketing and client service efforts at the firm. Prior to joining FMI, Bladen was an Account Manager with Brown Brothers Harriman (1992-1994) and then worked as a Senior Analyst with Wellesley Group Inc. (1994-1996). Most recently, he was a Senior Vice President at Strong Capital Management, Inc. (1996-2002). Bladen received a BSBA degree from Boston University. He is a member of the CFA Society of Milwaukee and has earned the right to use the Chartered Financial Analyst designation.

Bladen J. Burns, CFA
Executive Vice President
Client Service

Ferrier

Dan J. Ferrier
Associate IT Director

Mr. Helf joined Fiduciary Management, Inc. in 1998. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Prior to joining FMI, Rob was a research analyst with Robert W. Baird (1990-1992) and then Everen Securities (1994-1997). Rob received a BS degree from the University of Southern California and an MS degree from the University of Wisconsin-Applied Security Analysis Program. He is a member of the CFA Society of Milwaukee and has earned the right to use the Chartered Financial Analyst designation.

Robert M. Helf, CFA
Research Analyst

Mr. Hirsch joined Fiduciary Management, Inc. in 2007. He is the Head Trader and is a partner of the firm. He is responsible for the trading of equity securities across all accounts. Prior to joining FMI, Collin worked for Artisan Partners’ trading desk (2002-2007). Collin received a BA and an MS degree from the University of Wisconsin – Milwaukee.

Collin M. Hirsch
Head Trader

Mr. Karek joined Fiduciary Management, Inc. full time in 2017. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Prior to joining FMI, Ben earned a BA from the University of Michigan and was a US Army officer, earning the bronze star medal for meritorious service in combat. Ben worked during the summer of 2016 as a research intern at FMI and joined the team permanently after completing his MBA degree from Columbia Business School. He is a member of the CFA Society of Milwaukee and has earned the right to use the Chartered Financial Analyst designation.

Benjamin D. Karek, CFA
Research Analyst

Konneh

Mamadee M. Konneh
Administrative Associate

Mr. Ladwig joined Fiduciary Management, Inc. in 2017. He is Chief Compliance Officer for the FMI Funds. Prior to joining FMI, Ryan was a Senior Accountant with First Industrial Realty Trust (2010-2014). Most recently, he worked as an Assurance Senior at PricewaterhouseCoopers, LLP (2014-2017). Ryan received a BBA degree from the University of Wisconsin. He is a member of the AICPA and is a licensed CPA in the state of Wisconsin.

Ryan J. Ladwig, CPA
Chief Compliance Officer - FMI Funds

Maxwell

Nick J. Maxwell
IT Director

Nevaranta

Gail C. Nevaranta
Administrative Associate

Ms. Nichols joined Fiduciary Management, Inc. in 2015. She is a Vice President and a partner of the firm. She is responsible for helping with the marketing and client service efforts of the firm. Carrie began her career in marketing and client service at Nicholas Company, Inc. (2005-2006). Most recently, she was an Institutional Sales Representative at FactSet Research Systems Inc. (2006-2015). Carrie received a BS degree from Indiana University – Kelley School of Business.

Carrie B. Nichols
Vice President
Client Service

Ms. Nicols joined Fiduciary Management in 2009. She is a Vice President of Portfolio Administration and Trading and is a partner of the firm. She is responsible for portfolio administration and the trading of equity securities across all accounts. Nora received a BA degree from University of Wisconsin – Milwaukee.

Nora S. Nicols
Vice President - Portfolio Administration/Trading

Mr. Peterson joined Fiduciary Management, Inc. in 2018. He is a Vice President and a partner of the firm. He is responsible for helping with the marketing and client service efforts of the firm. Drew worked during the summer of 2017 as a marketing/client service intern at FMI and joined the team permanently after completing his BBA degree from the University of Wisconsin. He is a member of the CFA Society of Milwaukee and has earned the right to use the Chartered Financial Analyst designation.

Drew D. Peterson, CFA
Vice President
Client Service

Ms. Ramon joined Fiduciary Management, Inc. full time in 2020. She is a partner and member of the firm's Portfolio Management Committee. She is primarily responsible for equity research covering a wide range of industries. Julia worked during the summer of 2019 as a research intern at FMI and joined the team permanently after completing her BBA degree from the University of Wisconsin and an MS degree from the University of Wisconsin Applied Security Analysis Program. She is a member of the CFA Society of Milwaukee and has earned the right to use the Chartered Financial Analyst designation. 

Julia L. Ramon, CFA
Research Analyst

Syvrud

Alexandra R. Ruthenberg
Client Service Associate

Mr. Sievers joined Fiduciary Management, Inc. in 2009. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Prior to joining FMI, Dan was employed at Evergreen Investment Management Company, LLC (2008-2009). Dan received a BS degree from Boston College. He is a member of the CFA Society of Milwaukee and has earned the right to use the Chartered Financial Analyst designation.

Daniel G. Sievers, CFA
Research Analyst

Mr. Stanley joined Fiduciary Management, Inc. in 2003. He is a Senior Vice President and a partner of the firm. He is also responsible for the marketing and client service efforts at FMI. Prior to joining FMI, Mike was a Mutual Fund Accountant at Strong Funds (2000-2001). Most recently he was in the Institutional Sales area within Strong Capital Management, Inc. (2001-2003). Mike received a BBA degree from the University of Wisconsin – Whitewater and an MBA from Marquette University. He is a member of the CFA Society of Milwaukee.

Michael S. Stanley
Senior Vice President
Client Service

Mr. Sullivan joined Fiduciary Management, Inc. full time in 2013. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Matt worked during the summer of 2012 as a research intern at FMI and joined the team permanently after completing his BA degree from Brown University. He is a member of the CFA Society of Milwaukee and has earned the right to use the Chartered Financial Analyst designation.

Matthew T. Sullivan, CFA
Research Analyst

Ms. Taske joined Fiduciary Management in 2004. She is a Vice President of Administration and is a partner of the firm. She is responsible for the finance and administration efforts of the firm. Prior to joining FMI, Jessie worked at Strong Capital Management (2002-2003) and Wells Fargo (2003-2004). Jessie received a BS degree from the University of Wisconsin – La Crosse.

Jessica P. Taske
Vice President - Administration

Mr. Teschendorf joined Fiduciary Management, Inc. full time in 2015. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Jordan worked during the summer of 2014 as a research intern at Heartland Advisors and joined the FMI team permanently after receiving a BBA degree from the University of Wisconsin and an MS degree from the University of Wisconsin-Applied Security Analysis Program. He is a member of the CFA Society of Milwaukee and has earned the right to use the Chartered Financial Analyst designation.

Jordan S. Teschendorf, CFA
Research Analyst

Mr. Tofson joined Fiduciary Management, Inc. in 2019. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Prior to joining FMI, Dain was an Investment Analyst at MLG Capital (2008-2010) and then worked as a Financial Analyst with Ventas, Inc. (2010-2012). During the summer of 2013, he was a research intern at UBS Global Assets Management and joined Institutional Capital LLC (2014-2017) permanently after receiving an MBA from the University of Chicago-Booth School of Business. Most recently, he was an Analyst on the Global Value Team at Artisan Partners (2017-2019). Dain received a BBA degree from the University of Wisconsin. He is a member of the CFA Society of Milwaukee and has earned the right to use the Chartered Financial Analyst designation.

Dain C. Tofson, CFA
Research Analyst

Welti

Colleen L. Welti
Administrative Associate

Ms. Zawacki joined Fiduciary Management in 2020. She is responsible for portfolio administration and the trading support efforts of the firm. Prior to joining FMI, she worked in accounting for Olympic Supply Co. (2018-2020). Lexi received a BA degree from University of Wisconsin – Milwaukee.

Alexis B. Zawacki
Associate - Portfolio Administration/Trading

FMI-Door-ONLY

Join Our Institutional Distribution List

To subscribe to FMI quarterly institutional commentary and updates, please complete and submit the form below.

Fiduciary Management, Inc. (FMI) does not share any information with outside parties unless otherwise obligated by law.  Information collected will be used for distribution of an electronic Investment Strategy Outlook Letter (ISO) and quarterly fact sheets.  Users may unsubscribe from the communication at any time.

Transparency in Coverage

Contact FMI

414.226.4545
If you have any information requests regarding our Institutional Strategies, please call the number above.

Contact Us

©2023 Fiduciary Management, Inc.

Cookies Policy