At Foster Group, we conduct our business in a way that puts 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 the industry peers we respect so much. Here are some recent examples of such recognition.
Business Record’s 2018 Best of Des Moines
Foster Group was voted runner-up in the Business Record’s 2018 Best of Des Moines in the “Best Wealth Management Company” category. 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 74 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 recognized as a 2018 Top Workplace, an honor presented by The Des Moines Register. Inclusion in the Top Workplace list is based on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm specializing in organizational health and workplace improvement. Several aspects of workplace culture were measured, including alignment, execution, and connection. To read more about what makes Foster Group a Top Workplace, 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 an 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 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.
Foster Group was named to the 2018 edition of the Financial Times 300 Top Registered Investment Advisors. 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 submitted an application for ranking consideration. 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. Financial Times and Ignites Distribution Research independently sets their ranking criteria and Foster Group has no influence on the criteria. The Financial Times selects the top 300 firms with more than $300 million in AUM that submitted an application and limits the number of companies from any one state. The Financial Times contacted approximately 2,000 advisers and received applications from 725 advisers. 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.
Gallup Great Workplace Award
Foster Group was recognized by Gallup as a 2018 Great Workplace Award winner, the only small employer in Iowa and Nebraska to be a part of the list. Inclusion in the Great Workplace Award winner list is based on Gallup’s thorough scientific research, connecting employee engagement to nine specific performance outcomes: customer ratings, profitability, productivity, turnover, safety incidents, shrinkage, absenteeism, patient safety incidents and quality.
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.
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. Through a four-step methodology, AdvisoryHQ selects qualifying firms, focusing on a firm’s service offerings and key differentiators rather than fees generation, size or assets under management. There are several key factors leading to Foster Group’s top ranking including its guiding principles and dedication to client relationships; careful selection of a team that reflects the firm’s values; and its leadership within the medical profession.
Schwab IMPACT Award®
Foster Group received Charles Schwab’s Best-in-Business IMPACT Award™ in 2012 for our efforts to be “more than a wealth management firm.” Schwab also made note of our outstanding use of “technology…particularly as it relates to workflow.”
This award recognizes an independent investment advisory firm that has been in business 10 years or more, and has elevated business management to new levels of excellence and achieved exceptional business results. The firm should also demonstrate how they have integrated technology to extend reach, responsiveness and growth of its business. The award includes a $15,000 donation to a charity of the winner’s choice.
Foster Group and its employees are independent of and are not employees or agents of Charles Schwab & Co., Inc. (“Schwab”). Schwab does not prepare, verify or endorse information distributed by Foster Group. The Best-in-Business IMPACT Award™ 2012, part of Schwab’s IMPACT Awards® program, is not an endorsement, testimonial endorsement, recommendation or referral to Foster Group with respect to its investment advisory and other services.
Ernst & Young Finalist
Foster Group founder and chairman Jerry Foster was a finalist for the Ernst & Young Upper Midwest Entrepreneur of the Year award in 2013. This award is given annually to entrepreneurs who demonstrate “excellence and extraordinary success in innovation, financial performance, and personal commitment to their businesses and communities.”
Foster Group was recognized in Financial Planning Magazine’s Top 150 RIA firms in 2017. Numbers were pulled from firms’ most recent ADV filings.
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.