At Foster Group, we conduct our business in a way that puts you, our clients, first. We know we’re doing the right thing and we take pride in it, but it’s always nice to get a tip of the hat from industry peers and clients we serve. Below are some recent examples of such recognition. As you consider entrusting your financial life to someone, we would love the opportunity to have a meaningful conversation with you.
Financial Advisor Magazine 2020 RIA Ranking
Financial Advisor Magazine has included Foster Group in its 2020 Annual RIA Ranking. Foster Group is one of two firms based in Iowa to be included on the list. To be eligible for the ranking, firms must be independent registered investment advisors and file their own ADV statement with the SEC and provide financial planning and related services to individual clients.
FA’s RIA survey is a ranking based on assets under management at year end of independent RIA firms that file their own ADV with the SEC. FA’s RIA ranking orders firms from largest to smallest, based on AUM reported to us by firms that voluntarily complete and submit FA’s survey by our deadline. We do our best to verify AUM by reviewing ADV forms. Firms must have at least $500 million in assets under management as of December 31, 2019 to be included in the print edition of Financial Advisor Magazine’s 2020 RIA survey. Firms with under $500 million will be included the FA’s expanded 2020 online RIA survey.
Campus Compact’s 2020 Civic-Minded Employer Award
Foster Group received the Civic-Minded Employer Award as part of the Iowa & Minnesota Campus Compact (IAMNCC) 2020 Presidents’ Engaged Campus Awards! This selective award is given to an Iowa or Minnesota business nominated by a member institution for its commitment to corporate social responsibility and employee engagement in the community. Foster Group was nominated by Simpson College.
B2B Omaha’s 2020 Best of B2B
Foster Group received second place in the Investment Company category in Omaha’s B2B Magazine 2020 Best of B2B Contest. Readers of B2B Magazine voted for Omaha-area businesses that they consider the best in the city for the services and products they provide in their respective fields.
Best of B2B results were tabulated from ballots sent in from the December 2019/January 2020 issue of B2B. Foster Group has not paid fees to B2B or B2B Omaha to receive or promote this rating. Third-party ratings from publications do not guarantee future investment success.
Gallup Exceptional Workplace Award
Gallup recognized Foster Group as a 2020 Exceptional Workplace Award winner. Foster Group is the only Registered Investment Advisor (RIA) in Iowa and Nebraska to be a part of the list. For over a decade, Gallup has recognized workplaces that challenge the status quo with the Gallup Great Workplace Award. This year, they introduced the Gallup Exceptional Workplace Award to more fully capture the significance of this achievement.
Backed by Gallup’s world-class analytics and research into high-performance workplaces, Gallup presents this honor to organizations that have proven their ability to achieve exceptionally high levels of workplace engagement by investing in their people. Foster Group is one of 19 small employers to make the list of the 38 total employers chosen. This is the third consecutive year Foster Group has received this award.
Working with a highly-rated advisor does not ensure that a client or prospective client will experience a higher level of satisfaction or performance. This award should not be construed as an endorsement of the advisor by any client.
Foster Group was voted “Best Wealth Management Company” in the Business Record’s 2019 Best of Des Moines survey. Readers of the Business Record vote via an online, open-ended survey for the businesses, people, and events they viewed as the “Best of Des Moines.”
Foster Group has not paid fees related to receiving this ranking and Foster Group has paid no fees to the Business Record or Business Publications to promote this ranking. The Business Record selects Best of Des Moines category winners based on the results of their annual online open-ended poll. The data is analyzed, suspicious or erroneous votes are removed, and the results are tallied for all 70-plus categories. All Greater Des Moines businesses, people and organizations are eligible to win categories. Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Foster Group is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Foster Group by any of its clients.
Foster Group was named to the 2019 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent Registered Investment Advisory firms across the U.S. The annual FT 300 list is produced independently by the Financial Times in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the asset management industry. Foster Group was named to the 2018 edition of the FT 300 list as well.
The Financial Times selects the top 300 firms with more than $300 million in assets under management that submitted an application and limits the number of companies from any one state. The Financial Times contacted approximately 3,400 qualified firms and received 750 applications. The FT 300 is based on data gathered from advisory firms, regulatory disclosures, and the FT’s research. Applicants were graded on 6 factors: assets under management, assets under management growth rate, years of experience, industry certifications, years of experience, and online accessibility. Foster Group has not paid fees related to receiving this ranking and Foster Group has paid no fees to Financial Times or Ignite Distribution Research to promote this ranking. Working with a highly-rated advisor does not ensure that a client or prospective client will experience a higher level of satisfaction or performance. This award should not be construed as an endorsement of the advisor by any client.
For the third year in a row, AdvisoryHQ News has recognized Foster Group as a top-ranked advisor in both Des Moines and Omaha. Read more about their 2019 review of the Top 9 Best Financial Advisors in Iowa (Des Moines, Ames, & Davenport) here, or read their review of the Top 8 Best Financial Advisors in Omaha, Nebraska here.
AdvisoryHQ News is a national review and ranking news media for the investment management, wealth and financial advisory industries across the U.S., U.K., and Canada. AdvisoryHQ uses a multi-step selection methodology for identifying, researching, and generating its list of top-ranked firms. AdvisoryHQ’s review and ranking articles are always 100% independently researched and objectively written. Click here for additional information on AdvisoryHQ’s Selection and Ranking Methodologies.
Foster Group was recognized as a 2019 Top Workplace, an honor presented by The Des Moines Register. The Des Moines Register recognized 135 companies and organizations in Iowa as Top Workplaces for 2019.
Inclusion in the Top Workplace list is based on the results of an employee feedback survey. Several aspects of workplace culture were measured, including alignment, execution, and connection. To read more about Iowa’s 2019 Top Workplaces, click here.
Foster Group has been certified by CEFEX (Centre for Fiduciary Excellence), an independent global assessment and certification organization. As a certifying organization, CEFEX provides independent recognition of a fiduciary’s conformity to a defined Standard of Practice, implying that a fiduciary can demonstrate adherence to the industry’s best practices, and is positioned to earn the public’s trust. This registration serves investors who require assurance that their investments are being managed according to commonly accepted best practices. Foster Group is the only Iowa and Nebraska firm to be CEFEX certified since 2007.
The Centre for Fiduciary Excellence, LLC is an independent certification organization. CEFEX works closely with industry experts to provide comprehensive assessment programs to improve the fiduciary practices of investment stewards, advisors and managers. CEFEX certifications help determine the trustworthiness of investment fiduciaries. Foster Group obtained its CEFEX certification in August 2007, and has renewed each year since. In order to achieve certification, Foster Group pays an annual assessment fee of approximately $5,000. These fees are a requirement for certification and cover the cost of the independent audit. The fees paid do not have any bearing on the outcome of the assessment. For more information on CEFEX, please visit the CEFEX website.
CNBC Top 100 Fee-Only Wealth Management Firm
CNBC Digital’s editorial team partnered with Meridian-IQ to create its annual Top 100 Fee-Only Wealth Management Firms. Foster Group was ranked among the top fifty firms in 2014 and 2015. CNBC Digital and Meridian IQ’s ranking methodology utilized a proprietary formula which incorporated assets under management, professional designations, work relationships with third-party professionals, average account size, growth of assets, years in business, number of advisory clients and the ability to provide advice on insurance solutions.
Third-party rankings and recognition from rating services or publications are no guarantee of future investment success. Working with a highly-rated advisor does not ensure that a client or prospective client will experience a higher level of performance. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation.
Financial Advisor Magazine has included Foster Group in its 2018 list of top RIA (Registered Investment Advisor) firms. The list includes more than 700 RIAs from across the nation and is based on a survey of the firms’ discretionary assets under management. To be included in the rankings, firms must have at least $50 million in assets under management, be independently owned, and be registered investment advisors providing financial planning and related services to individual clients.
On an annual basis Financial Advisor (FA) magazine invites Registered Investment Advisor (RIA) firms to complete a survey for this ranking. Their specific criteria for ranking is not included in their summary article. Foster Group paid no fees to be included this ranking and Foster Group paid no fees to the magazine to promote this ranking. Foster Group completed a survey in order to be considered for this ranking. In 2018 FA Magazine included 707 firms listed by assets under management. The number of firms participating wasn’t disclosed. FA magazine independently sets its ranking criteria and Foster Group has no influence on the criteria. Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Foster Group, Inc. is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Foster Group, Inc. by any of its clients. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized advisor. Rankings are generally limited to participating advisors. Registration as an investment advisor does not constitute an endorsement of the firm by securities regulators nor does it indicate that the advisor has attained a particular level of skill or ability.
Foster Group was recognized in Financial Planning Magazine’s Top 150 RIA (Registered Investment Advisor) firms in 2017. This list is based on assets under management as reported in the Form ADV and contains independent fee-only planning firms.
Discovery Data compiled the rankings based on discretionary and nondiscretionary assets under management listed on SEC Form ADV as of November 2016. To capture independent fee-only planning firms, every effort is made to exclude firms with broker-dealer and insurance company affiliations, and those with substantial outside ownership stakes held by private equity firms and some outside investors. The list does not include roll-ups, aggregators or turnkey asset management programs. To capture firms that provide true, holistic financial advice to individuals, only firms with more than 50% individual clients, as can be determined through Form ADVs, are included. Review of unusual cases may result in inclusion or exclusion, based on unique factors. Criteria is subject to change. Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Foster Group, Inc. is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Foster Group, Inc. by any of its clients. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized advisor. Rankings are generally limited to participating advisors. Registration as an investment advisor does not constitute an endorsement of the firm by securities regulators nor does it indicate that the advisor has attained a particular level of skill or ability.
PLEASE NOTE LIMITATIONS: Please see Important Advertising Disclosure Information and the limitations of any ranking/recognitions, at www.fostergrp.com/advertising-disclosure/. A copy of our current written disclosure statement as set forth on Part 2A of Form ADV is available at www.adviserinfo.sec.gov.