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Haruki Toyama

Head of Mid Cap & Large Cap Equity, Portfolio Manager at Madison Investment Advisors

No current adviser or broker registrationSEC record checked 17 October 2026

3
Past adviser firms
2
Licensing exams

IAPD record retrieved 17 October 2026SEC record

Haruki Toyama is Head of Mid Cap & Large Cap Equity, Portfolio Manager of Madison Investment Advisors, LLC, a Madison investment adviser managing $13.8B. Haruki Toyama has past investment-adviser registrations through 3 firms and has passed the Series 7 and Series 65.

Role at Madison Investment Advisors

Title on Schedule A
Head of Mid Cap & Large Cap Equity, Portfolio Manager
Control
Haruki Toyama is a control person of Madison Investment Advisors.
Ownership
An individual ownership band is not available in the source record.
Tenure
Haruki Toyama has held the filed role since January 2023.

The firm

Madison Investment Advisors, LLC
Madison, WI

Form ADV filed 20 March 2026

$13.8B AUM16,164 clients44 advisers2 offices

Career on record

Firms and exams, newest first
  1. Madison Investment Advisors, LLC
    – · 9 years
    Madison, WI · Adviser representative · Firm CRD 110297
  2. Marcus Asset Management, LLC
    – · 4 years
    Milwaukee, WI · Adviser representative · Firm CRD 152481
  3. Toyama Capital Management LLC
    – · 7 years
    Wauwatosa, WI · Adviser representative · Firm CRD 130141
  4. Passed Series 65 · 2004
  5. Passed Series 7 · 1993

Registrations and exams

No current adviser or broker registration. Haruki Toyama has passed 2 qualifying exams.

Examinations

Series 653 February 2004
Name
Uniform Investment Adviser Law Examination
Series 730 December 1993
Name
General Securities Representative Examination

Individual record

Full name
Haruki Toyama
CRD
2408848
Firm
Madison Investment Advisors, LLC
Registration status
No current adviser or broker registration
Firm bio
madisoninvestments.com

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. Check this record on adviserinfo.sec.gov

Background

Madison identifies Haruki Toyama as a portfolio manager and head of its Mid Cap and Large Cap team. The firm says he co-founded and led Marcus Asset Management and previously worked at MFS Investment Management and David L. Babson & Company. He earned a BA from Brown and an MBA from Cornell. Official firm biography

Common questions

Where does Haruki Toyama work?

Haruki Toyama has been Head of Mid Cap & Large Cap Equity, Portfolio Manager of Madison Investment Advisors, LLC since January 2023, and is a control person of the firm.

Source: Form ADV, Schedule A, filed 20 March 2026

Does Haruki Toyama have a current investment-adviser registration?

Haruki Toyama has no current investment-adviser or broker registration, as of 17 October 2026.

Source: IAPD individual record, checked 17 October 2026

What exams has Haruki Toyama passed?

Haruki Toyama has passed 2 licensing exams: the Series 7 and Series 65. The earliest, the Series 7, was passed in December 1993.

Source: IAPD individual record, checked 17 October 2026

Where was Haruki Toyama previously registered as an investment adviser?

Haruki Toyama has past investment-adviser registrations through Madison Investment Advisors, LLC, June 2014 to December 2023; Marcus Asset Management, LLC, March 2010 to May 2014; Toyama Capital Management LLC, February 2004 to December 2010, across 3 firms.

Source: IAPD individual record, checked 17 October 2026

Leadership at Madison Investment Advisors

  • Mark Henrickson
    Chief Financial Officer
  • Steven Fredricks
    Chief Compliance Officer and Chief Legal Officer
  • Steven Carl
    Chief Distribution Officer, Chairman of the Executive Committee
  • Richard Eisinger
    Head of Equities, Portfolio Manager
  • Jill Friedow
    Head of Operations and Chief Technology Officer
  • Patrick Ryan
    Head of Multi-Asset Solutions, Portfolio Manager
  • Michael Sanders
    Head of Fixed Income, Portfolio Manager

Sources

  1. IAPD individual record, CRD 2408848. Registration status, employment history and examinations.
  2. Form ADV Part 1A, Schedules A and B of Madison Investment Advisors, LLC, filed 20 March 2026. Title, control and ownership bands.
  3. Madison Investment Advisors team page. Biography, education, credentials, awards.

Retrieved 17 October 2026. The SEC record may have been amended since.

Report a correction

This profile is compiled from public regulatory records and the firm's own published materials, and is provided for informational purposes only. Niva Wealth is not affiliated with Haruki Toyama or Madison Investment Advisors, LLC and makes no representation about the quality of their services. This directory does not report disciplinary history, in either direction.