From its founding in 1989 by Jerry Foster, Foster Group (originally Retirement & Investment Advisors, Inc.) has been committed to helping a wide variety of investors achieve successful lifetime financial experiences.
Foster Group is a privately-held, independent, fee-only investment and wealth management firm headquartered in West Des Moines, Iowa with a second regional office in Omaha, Nebraska. Our 14 shareholders* are all current employees active in the firm and representing multiple age groups, intentionally selected to ensure that the level of service our clients receive today can be delivered and improved upon for generations to come.
In 1992, Foster Group made the transition to a fee-only firm, enabling clients to have confidence that the advice being given was always in their best interest and free of conflicts of interest that may arise when associated with other forms of compensation. Assets under management exceeded $100 million USD for the first time in 1997, and in 2001 the firm’s name was officially changed to Foster Group.
Foster Group has always been committed to operating as a fiduciary for our clients and, in 2007, became the only firm in Iowa certified by the Centre for Fiduciary Excellence (CEFEX) as adhering to fiduciary best practices. Foster Group undergoes an annual audit by CEFEX to ensure this high level of fiduciary best practices continues and Foster Group remains the only firm in Iowa and Nebraska to maintain this certification.
More recently, Foster Group has been honored with the Charles Schwab Best-in-Business IMPACT Award™ (2012) while CNBC ranked Foster Group as 13th in the nation (out of 28,000) in their 2014 inaugural list of Top Fee-Only Wealth Management Firms. Foster Group has always encouraged our clients to consider integrating generosity into their investment and financial plans. Since 2010, Foster Group has enjoyed facilitating over $20 million of financial gifts on behalf of our clients.
*As of 7.01.16