Foster Victor Wealth Advisors, LLC (Greenville)

Name: Foster Victor Wealth Advisors, LLC
Address: 10 S. Academy Street, Greenville, SC, 29601
Telephone: (864) 720-2000

Foster Victor Wealth Advisors, LLC is a large advisory firm based in Greenville. It manages $416.22 million of regulatory assets for 2,190 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Georgia, Kentucky, and 6 other states.

Foster Victor Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Foster Victor Wealth Advisors: assets under management

The assets under management (AUM) of Foster Victor Wealth Advisors, LLC is $416.22 million. The firm's AUM has grown by 293% since the beginning of its operation, and $4 million of the total AUM is attributable to clients outside of the United States.

The firm manages $402.67 million in discretionary accounts and $13.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $220.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $37.64 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 72% of the total AUM. The second-largest asset type is exchange traded securities, which make up 12% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Foster Victor Wealth Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Foster Victor Wealth Advisors serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Foster Victor Wealth Advisors is high net worth individuals with 207 clients and $306.7 million of assets under management. Among the 9 most similar advisory firms, Foster Victor Wealth Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $416.22 million for 876 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 Victor Wealth Advisors doesn't advise any private funds.

Careers at Foster Victor Wealth Advisors, LLC

The company employs 16 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kylie Kotowski Felker	Chief compliance officer and chief operating officer	1 May 2016	Other	5744759
Robert Thomas Victor	Member	1 May 2016	25% - 50%	5545220
Paul William Foster	Managing member	1 May 2016	50% - 75%	4708572

Based in Greenville

The principal office where Foster Victor Wealth Advisors, LLC performs its advisory services is located at 10 S. Academy Street, Greenville, SC 29601, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (864) 720-2000 or by fax (864) 720-2020. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at fostervictorwa.com.