Foster Group, Inc. (West Des Moines)

Name: Foster Group, Inc.
Address: 6601 Westown Parkway, West Des Moines, IA, 50266
Telephone: 515-226-9000

Foster Group, Inc. is a large advisory firm based in West Des Moines. It manages $2.02 billion of regulatory assets for 4,081 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Florida, and 15 other states.

Foster Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Foster Group: assets under management

The assets under management (AUM) of Foster Group, Inc. is $2.02 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 824% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.02 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $494.3 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is other assets, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Foster Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Mark Alan Stadtlander serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Mark Alan Stadtlander is high net worth individuals with 504 clients and $1.52 billion of assets under management. Among the 9 most similar advisory firms, Foster Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.02 billion for 1,381 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 Group doesn't advise any private funds.

Careers at Foster Group, Inc.

The company employs 54 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 27 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Mark Alan Stadtlander has been acting as President since 1 Jan 1998. Bartholomew Allen Banwart joined the executive team most recently as the Service Manager, Board Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gerald Ray Foster	Chairman of the board//founder/secretary/treasurer	1 Jan 1991	25% - 50%	1460657
Mark Alan Stadtlander	Chief executive officer/president/chief compliance officer, board member	1 Jan 1998	Other	1733436
Philip Matthew Kruzan	Direct owner, board member	1 Jan 2006	Other	1531302
Reed Roger Rinderknecht	Direct owner, board member	1 Jan 2006	Other	2719998
Edward William Green	Co-chief investment officer\direct owner	1 Jan 2006	Other	1739890
Kent Allen Kramer	Co-chief investment officer\direct owner, board member	1 Jan 2006	Other	1309856
Gregory John Olsen	Advisory services leader\direct owner	1 Jan 2006	Other	4787249
Phillip Matthew Kruzan	Direct owner	1 Jan 2006	Other	1531302
Travis James Rychnovsky	Chief operating officer	1 Jan 2013	Other	4828752
Mark Alan Stadtlander	Direct owner, board member, lead advisor manager	1 Jan 2017	Other	1733436
Gregory John Olsen	Chief executive officer/chief compliance officer/board member/direct owner	1 Jan 2017	Other	4787249
Travis James Rychnovsky	Chief marketing officer, direct owner	1 Jan 2017	Other	4828752
Bradley Dean Rempe	Lead advisor, board member	1 Jan 2017	Other	5437021
Matthew John Abels	Director of wealth management	1 Jan 2017	Other	4539689
Kate P Juelfs	Director of service	1 Jan 2017	Other	5254476
Mark Alan Stadtlander	Direct owner, board member, ambassador	1 Jan 2018	Other	1733436
Bartholomew Allen Banwart	Service manager, board member	1 Jan 2018	Other	5649355

Based in West Des Moines

The principal office where Foster Group, Inc. performs its advisory services is located at 6601 Westown Parkway, West Des Moines, IA 50266, which is also the mailing address of the firm. An additional office of the firm is in Omaha, NE. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 515-226-9000 or by fax 515-224-4970. The normal business hours are 7:30 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at fostergrp.com.