The Partnership is managed by its Executive Committee. The Executive Committee presently consists of five members who have general authority under the Partnership Agreement to manage the business and affairs of the Partnership.

Clyde Chumbley


Dr. Chumbley has been a member of the Executive Committee since 1995. He has over 25 years of executive and management experience in complex multi-specialty medical groups and integrated healthcare delivery systems. Dr. Chumbley served as the President of Medical Associated Health Care from 1995 to 2007 and has played a major role in the Partnership.  Dr. Chumbley is currently the Chief Executive Officer of the Wisconsin Medical Society.

He has a BS degree from Iowa State University, a MD degree from the University of Missouri-Columbia and an MBA from the J.L. Kellogg School of Management, Northwestern University. Dr. Chumbley serves on numerous professional organizations and business groups. Dr. Chumbley is also the CEO of the Wisconsin Medical Society.


BRIAN G. CARROLL – Executive Committee Member

Mr. Carroll has been a member of the Executive Committee since June of 2015. He is a shareholder in the law firm of Reinhart Boerner Van Deuren s.c. Mr. Carroll has represented Investors Associated since 1995. He has more than 30 years of experience advising clients on real estate matters, transactions and financing as well as business law matters. He was selected for inclusion in Wisconsin Super Lawyers and Wisconsin Top Rated Lawyer Martindale-Hubbell AV® Preeminent™ Peer Review Rated and is a member of the State Bar of Wisconsin. Mr. Carroll has a J.D. from Marquette University Law School and a B.A. from Marquette University.  Mr. Carroll serves on numerous professional organizations and business groups.

Karl Bertram


Dr. Bertram has been a member of the Executive Committee since 2003. He is a General Surgeon at the Fond du Lac Regional Clinic – Agnesian Healthcare. Dr. Bertram has a BS degree from Bucknell University, Lewisburg, Pennsylvania and an MD from the College of Medicine, University of Cincinnati, Cincinnati, Ohio. Dr. Bertram also serves as a Volunteer Instructor in the Department of Biomedical Sciences at Marquette University and is a member on other community boards.

Robert Brodish


Dr. Brodish has been a member of the Executive Committee since 1997.  He is presently a staff physician at Froedtert and the Medical College of Wisconsin in Milwaukee, Wisconsin.  Dr. Brodish received his MD from the Loyola University of Chicago, Stritch School of Medicine – Maywood, Illinois.  Dr. Brodish serves on numerous professional organizations and business groups.

Mary Kowarick

MARY KOWARICK – Executive Committee Member

Mary is the newest member of the Executive Committee joining in 2018. She joins Investors Associated with 30 years combined experience in foreign exchange, capital markets, private banking and family office advisory. Mary is currently a Managing Director at J.P. Morgan Private Bank. Previously, she served as the Chief Financial Officer and Chief Compliance Officer of MBF Healthcare Partners in Coral Gables, Florida. Mary has been responsible for providing leadership and managing expertise in financial planning, financial reporting, investment management, strategy development, accounting and operations, human resources, taxes and legal matters for her clients. Mary’s work experience also includes 20 years with Citi Private Bank in their capital markets division, banking group, and as a member of the Latin American Leadership Team, as well as running her own independent advisory firm, Kowarick Independent Advisors, LLC.

Mary received her Bachelor of Arts from Marquette University and completed a General Management Program at Harvard Business School. She currently serves on the Marquette University College of Business Administration Leadership Council. She has served as Board Chair of Heartsong, Inc., and as a member of the Board of Springer Publications Co., LLC, and Enhanced SBIC Advisory Board.


RICHARD H. BIBLER, MD – Chairman Emeritus

Dr. Bibler is a founding member and has been a Partner for 55 years. He has been a member of the Executive Committee since 1970 and is currently the Chairman of the Executive Committee of the Partnership. Dr. Bibler is a retired physician.

After almost 50 years on the Executive Committee Dr. Bibler retired from the Executive Committee in 2017.



MICHAEL D. SCHUTTE – President and Managing Partner

Mr. Schutte has over 40 years in the real estate industry as a contractor, developer, and owner of commercial real estate. Since 2010 has functioned as COO for Investors Associated, LLP, and has overseen the acquisition, management and disposition of more than $300,000,000 worth of property.


PATRICK F. CARROLL – General Counsel

Patrick F. Carroll has served as General Counsel for Investors Associated, LLP since December, 2016.  Patrick’s role at Investors Associated, LLP involves identifying and overseeing legal issues in the management of the Partnership’s assets and developments.  Patrick also assists the Chief Operating Officer with the management of the real estate portfolio and development process, including acquisition of assets, lease management and design & value engineering.

Patrick has a Bachelors degree in Finance and Marketing from Marquette University as well as a Juris Doctorate from Marquette University Law School.  Patrick will be begin attending UW-Madison in the Fall of 2018 working towards his Real Estate MBA.


JAMIE M. STEFAN – Vice President of Investor Relations and Operations

Jamie Stefan began working with Investors Associated on a part-time basis and since has grown into a full-time position managing Investor Relations and Operations for Investors Associated, LLP.   Jamie is responsible for Investor Relations, IT and the marketing functions of the Partnership. Previously, Jamie also coordinated accounting functions between IA Management, Investors Associated, LLP and the Partnership’s outside accounting firm as well as the property management of the Partnership’s single tenant properties.   Jamie also coordinates the secretarial duties for the Executive Committee.

Prior to Investors Associated, Jamie worked as a paralegal for 12 years managing executive level attorney portfolios at several large Milwaukee based firms.  Jamie has her BS from Marquette University and recently completed her MBA at Carroll University.

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