Park Sutton Advisors represents mutual fund manager Broadview Advisors on sale to Madison Investments
June 11, 2019 – Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have served as exclusive financial advisor to Broadview Advisors, LLC (“Broadview”) on its announced sale to Madison Investment Holdings, Inc. (“Madison). Founded in 2001, Broadview is an independent asset management firm based in Milwaukee, Wisconsin, managing primarily small cap growth assets for individual and institutional investors. Client assets are held in the Broadview Opportunity Fund (BVOAX) and separately managed accounts (SMA’s).
“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,” said Rick Lane, President of Broadview. He, along with two other Portfolio Managers, Aaron Garcia and Faraz Farzam, will join Madison and continue to manage the investment strategy continuing an investment track record dating back to 1996.
“This strategic acquisition adds an excellent small cap equity team and strategy to our already robust US Equity offering,” explained Steve Carl, Madison’s Chief Business Development Officer. “It is the perfect complement to our existing Mid Cap and Large Cap Equity strategies.”
“After a year in which US equity mutual funds experienced outflows in eleven of twelve months, with negative net flows extending through the first quarter of 2019, scale and distribution capabilities are as important as ever in order for firms to remain competitive,” said Steven Levitt, Founder of Park Sutton Advisors. He continued, “In recent years, even some of the largest asset managers have combined in order to combat these sustained industry challenges such as continued fee pressure and shifts to passive along with increased distribution and technology costs.” Annie Tronoski, Managing Director added, “These challenges are only going to be exacerbated as the pace of wealth transfer in the U.S. is expected to double over the next 20 years. With markets near all-time highs, now is a critical time for smaller firms to think about their stand-alone prospects through the next market cycle and beyond. Kudos to the team at Broadview for their disciplined approach to evaluate their options and choose a terrific partner like Madison Investments.”
Park Sutton Advisors | Investment Banking Boutique
Park Sutton Advisors is a leading investment banking boutique that specializes in the financial services industry. With over 70 years of aggregate experience, our senior team has worked in many facets of the financial services industry, including investment banking, asset management and mutual funds, consumer finance, insurance, equity research and funds evaluation.