About FOSTER GROUP, INC.
FOSTER GROUP, INC. is a financial advisory firm that offers comprehensive wealth management services to individuals and families. With a team of experienced financial advisors, the firm provides expert guidance and personalized solutions to help clients achieve their financial goals.
How does the advisor help clients – Key Takeaways:
- FOSTER GROUP, INC. offers customized wealth management services tailored to each client’s specific needs and financial goals.
- The firm operates on a fee-only model, ensuring that clients’ best interests are always the top priority.
- FOSTER GROUP, INC. provides a holistic approach to financial planning, taking into account all aspects of a client’s financial situation.
- The firm prides itself on clear communication and education, helping clients make informed decisions about their finances.
Facts and Insights
FOSTER GROUP, INC. was founded in 1989 and is based in West Des Moines, Iowa. The firm currently has over $2 billion in assets under management and a team of 18 financial advisors.
The firm has won numerous industry awards for its high level of service and has been recognized as one of the top independent wealth management firms in the country by publications such as Barron’s, Forbes, and Financial Times.
Assets Under Management, Number of Advisors and Time in Business:
| Assets Under Management (AUM) | Number of Advisors | Time in Business |
|---|---|---|
| $2 billion | 18 | Founded in 1989 |
Financial Services Offered
- Investment management
- Retirement planning
- Tax planning and management
- Estate planning
- Education planning
- Insurance planning
Client Types
- High net worth individuals
- Business owners
- Corporate executives
- Families
Fees & Compensation
FOSTER GROUP, INC. operates on a fee-only model, meaning that clients pay a percentage of their assets under management as their fee. This aligns the firm’s interests with those of its clients, as FOSTER GROUP, INC. only profits when clients’ investments grow.
For clients with assets under management of $1 million or more, the firm charges an annual fee of 1%. This fee decreases as assets under management increase, with clients with more than $25 million in AUM paying a fee of 0.5%. The firm also offers hourly financial planning services for a fee of $225 per hour.
Background
FOSTER GROUP, INC. was founded by company president Jerry Foster, CFP®, who has over 30 years of experience in financial planning and investment management. The firm’s team of financial advisors boasts a wide range of expertise and is dedicated to continuing education and staying up-to-date on industry trends and best practices.
Financial Advisor Disclosures to Know
FOSTER GROUP, INC. has a clean record with its regulatory bodies, including the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). The firm has no disciplinary actions or legal disputes on record and is committed to upholding the highest standards of ethical and professional conduct.