Foster Group, Inc. is a large advisory firm based in West Des Moines. It manages $2.02 billion of regulatory assets for 4,081 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 15 other states.
Foster Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Foster Group, Inc. is $2.02 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 824% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Foster Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Mark Alan Stadtlander is high net worth individuals with 504 clients and $1.52 billion of assets under management. Among the 9 most similar advisory firms, Foster Group has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.02 billion for 1,381 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Foster Group doesn't advise any private funds.
The company employs 54 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 27 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Mark Alan Stadtlander has been acting as President since 1 Jan 1998. Bartholomew Allen Banwart joined the executive team most recently as the Service Manager, Board Member.
The principal office where Foster Group, Inc. performs its advisory services is located at 6601 Westown Parkway, West Des Moines, IA 50266, which is also the mailing address of the firm. An additional office of the firm is in Omaha, NE. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 515-226-9000 or by fax 515-224-4970. The normal business hours are 7:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at fostergrp.com.