Dain Tofson

Dain Tofson is a Partner, Research Analyst, and member of the Portfolio Management Committee at Fiduciary Management, Inc. (FMI), based in Chicago, IL. In this role since 2019, he is primarily responsible for fundamental equity research and contributes to portfolio strategy, focusing on identifying high-quality businesses trading at attractive valuations. His work supports FMI’s large-cap, small-cap, all-cap, and global equity strategies, mainly investing in U.S. and select international equities spanning sectors such as financial services, industrials, technology, consumer, and healthcare.

Prior to FMI, Dain held research and analyst positions at Artisan Partners and Institutional Capital, gaining deep expertise in investment analysis and process across diverse asset classes. His earlier experience also includes analytical roles in the real estate and healthcare sectors, providing him with broad industry insight.

Dain holds an MBA from The University of Chicago Booth School of Business and a BBA in Finance and Real Estate from the University of Wisconsin-Madison. As a CFA charterholder, he is recognized for his disciplined business-owner’s approach to investing and rigorous due diligence, contributing significantly to FMI’s reputation for fundamental research and long-term portfolio performance.