Frequently Asked Questions

Foster Group has a minimum quarterly price of $600 for CoreWealth, $2,500 for SignatureWealth, and $15,000 for our SelectWealth service offering. For more information about our pricing, view our Pricing Schedules.

The Department of Labor has identified three criteria that advisors and financial services firms can satisfy to demonstrate compliance to the fiduciary relationship standard. Per the criteria, they should:

• State, in writing, that the firm commits to providing advice in the client’s best interest at all times.

• Clearly and prominently disclose any conflicts of interest, like less-than-transparent fees or backdoor payments that might prevent, or provide a disincentive to, the advisor from providing advice in the client’s best interest.

• State, in writing, that the firm has adopted policies and procedures designed to mitigate conflicts of interest.

The word “fiduciary” comes from the Latin “fiducia,” meaning “trust.” It refers to an individual or an entity with the power and obligation to act for a beneficiary under circumstances requiring total trust, good faith, and honesty. Characteristically, the fiduciary has greater knowledge and expertise about the matters being handled than does the beneficiary. A fiduciary is legally held to the highest standards of conduct and trust. Foster Group is an SEC-regulated fiduciary investment adviser. Read more about Foster Group’s fiduciary commitment.

Not all financial advisors are fiduciaries, which is why you should always ask. Foster Group fiduciary financial advisors are held to the highest ethical standards and act only in the best interests of our clients. We are client-driven, not commission-driven. In fact, we do not offer commission-based products.

A fee-based financial advisor may receive compensation from the client but also charge fees based on AUM, bill an hourly or flat rate, and earn commission for sales of their financial products. Commission-based advisors receive commission based on the sale of financial products to clients. Both fee-based and commission-based advisors adhere to a lower legal standard, which simply requires them to sell products and make recommendations that are “suitable” for their clients.

A fee-only financial advisor receives compensation directly from the client based on a percentage of their assets under management (AUM), an hourly rate, a flat rate, or retainer. Fee-only financial advisors do not get compensated by third parties through commissions based on sales of their financial products. Fee-only financial advisors act as their clients’ fiduciary meaning they are obligated to put the client’s interests first. Foster Group has been a fee-only registered investment advisor since 1992.

Since 1989, the team at Foster Group has been committed to helping you feel Truly Cared For®. Spanning our ownership over 3 generations of employees to help ensure relationship continuity is just the start. Being an SEC-regulated fiduciary investment adviser and our belief in fee-only compensation structures with our clients also ensures that we put your best interests first.

We believe in clients having full-access to the collective abilities of all our team members, rather than being served by just a single advisor. And, perhaps most importantly, we are committed to going beyond the portfolio, to understand the hearts and purposes of our clients.

We display our values-driven approach not just in what we say, but in how we serve our clients, our communities, and our fellow team members. By advancing our advice with science and getting the right people in the right positions, we are in constant pursuit of a better client experience.