Asset manager · Madison, WI
Trustage Investment Management
Members Capital Advisors, Inc. · SEC-registered investment adviser · CRD 105960 · SEC 801-18140
At a glance
Trustage Investment Management is an SEC-registered investment adviser based in Madison, Wisconsin, with $39.5 billion in regulatory assets under management as of its Form ADV filed September 9, 2026. Its largest client group by assets is insurance companies. By Form ADV it is a asset manager, ranked 244th of 3,218 asset managers and 525th of 17,210 SEC-registered advisers by assets.
Main office 608-238-5851trustage.comAs filed on Form ADV
- Regulatory AUM
- $39B
- Rank among asset managers
- #244 of 3,218
- Rank among all SEC RIAs
- #525 of 17,210
- Rank in Wisconsin
- #5 of 195
- Clients
- 349
- Accounts
- 349
- Discretionary
- 93% of AUM
- Employees
- 62
- Advisory staff
- 41
- Offices
- 2
Owners and executives on its Form ADV
- Amy M CameronPresident, Executive Vice President and Chief Investment Officer
- Thomas C JensenVice President, Officer, Managing Director - Investments
- Allen R. CantrellVice President, Officer, Managing Director - Investments
- Brian J BorakoveTreasurer and Officer
- Anne M. FinucaneSenior Vice President, Deputy Chief Investment Officer - Investments
- Benjamin T WydickSenior Vice President, Director, Officer and Chief Risk Executive
- Jason T. MicksVice President, Officer and Managing Director - Investment Research
- Kevin C. CoombeVice President, Officer and Managing Director - Investments
- Melissa M HaberstichChief Compliance Officer
- Barth T. ThomasSecretary, Vice President, Director and Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Trustage Investment Management is a hybrid RIA: 1 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Cuna Brokerage Services, Inc..
- Cuna Brokerage Services, Inc. ↗CRD 13941
An introducing broker-dealer: its trades clear through another firm, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed September 2026) names Cuna Brokerage Services as the broker-dealer its advisers are registered with.
They are also registered representatives of CUNA Brokerage Services, Inc., a registered limited business broker/dealer affiliated with MCA.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Insurance companies | 8 | $30B | 76% |
| Pension and profit sharing plans | 331 | $6.5B | 16% |
| Corporations or other businesses | 10 | $3.1B | 8% |
Private funds
Trustage Investment Management reports 6 private funds with $3.0B in gross assets: private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Trustage Investment Management answers yes to 2 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗trustage.com ↗
AtlasMembers
The full record on Trustage Investment Management
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 325 peers of its type and size
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- Owners and executives, with titles and stakes
- 12 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Trustage Investment Management manage?
Trustage Investment Management reports $39.5 billion in regulatory assets under management across 349 accounts, 93% of it on a discretionary basis, on its Form ADV filed September 9, 2026.
What kind of firm is Trustage Investment Management?
Trustage Investment Management is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Trustage Investment Management’s clients?
By assets, its largest client types are insurance companies ($29.9 billion, 8 clients); pension and profit sharing plans ($6.5 billion, 331 clients); corporations or other businesses ($3.1 billion, 10 clients).
Does Trustage Investment Management manage private funds?
Yes. It reports 6 private funds with $3.0 billion in gross assets, including private equity funds.
Does Trustage Investment Management have any disciplinary history?
Trustage Investment Management answers yes to 2 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Trustage Investment Management’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-09), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →