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Wisconsin 275
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Ted Kellner

Living Legends
Fiduciary Management Inc.  |  Milwaukee

Ted Kellner is the co-founder, former chairman and former chief executive officer of Fiduciary Management Inc. in Milwaukee. He is also co-founder and executive chairman of Fiduciary Real Estate Development Inc.

Following his early career at Nicholas Co., Kellner founded Fiduciary Management in 1980. Today, FMI is one of the largest investment management firms in the Milwaukee area, with about $17 billion in assets under management.

Kellner also founded and continues to serve as executive chairman and majority shareholder of Fiduciary Real Estate Development, which owns and manages more than $750 million in multi-family residential units.

Outside of business, Kellner is perhaps equally known in the community for his civic contributions. He and his wife, Mary, are major supporters of the University of Wisconsin-Madison, their shared alma mater. The couple has given millions of dollars to the school’s athletic programs and facilities and scholarship opportunities. Portions of the campus’s two major sports venues bear the couple’s last name: Kellner Hall in Camp Randall and Kellner Club in the Kohl Center. In 2017, the couple committed $25 million toward UW-Madison’s $3.2 billion comprehensive campaign.

The couple also gave $5 million to UW-Milwaukee in support of scholarships and faculty and staff in its business, education and entrepreneurship schools.

Kellner has served on the nonprofit boards of Children’s Wisconsin, the Greater Milwaukee Committee (past chair), Medical College of Wisconsin, Metropolitan Milwaukee Association of Commerce (past chair), Milwaukee School of Engineering, Milwaukee World Festival Inc., and United Way of Greater Milwaukee and Waukesha County. He is also past chair of the University of Wisconsin Foundation, past president of the Wisconsin Alumni Association and past president of the Wisconsin School of Business Board of Visitors.

Education: Bachelor’s, UW-Madison


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