{
  "crd_number": 107148,
  "slug": "foster-group-inc-west-des-moines-ia-107148",
  "primary_business_name": "FOSTER GROUP, INC.",
  "legal_name": "FOSTER GROUP, INC.",
  "dbas": [],
  "city": "West des Moines",
  "state": "IA",
  "country": "United States",
  "cbsa_code": "19780",
  "metro": {
    "cbsa_code": "19780",
    "common_name": "Des Moines",
    "msa_name": "Des Moines-West Des Moines, IA",
    "path": "/advisors/ia/des-moines"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1991-05-30",
  "years_registered": 35,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 4775514804.0,
  "raum_discretionary": 4604709090.0,
  "raum_non_discretionary": 170805714.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 93,
  "advisory_employees": 45,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 76153109.0,
      "count": 40,
      "description": "IRREVOCABLE TRUSTS"
    },
    "charitable": {
      "raum": 271349914.0,
      "count": 45
    },
    "individuals": {
      "raum": 872065024.0,
      "count": 1241
    },
    "high_net_worth_individuals": {
      "raum": 3162441586.0,
      "count": 715
    },
    "corporations_other_businesses": {
      "raum": 393505171.0,
      "count": 60
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "FL",
    "GA",
    "IA",
    "IL",
    "KS",
    "LA",
    "MI",
    "MN",
    "MO",
    "NC",
    "NE",
    "NH",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI"
  ],
  "websites": [
    "https://facebook.com/FOSTERGRP",
    "https://fostergrp.com",
    "https://instagram.com/fostergroupinc",
    "https://linkedin.com/COMPANY/FOSTER-GROUP",
    "https://x.com/FOSTER_GROUP",
    "https://youtube.com/channel/UCvjzIN7CWlR7c-uvQbrEUDA"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107148",
  "city_as_filed": "WEST DES MOINES",
  "url": "https://advisorcensus.com/firm/foster-group-inc-west-des-moines-ia-107148",
  "display_name": "Foster Group, Inc.",
  "summary": "Foster Group, Inc. is an SEC-registered investment advisory firm in West des Moines, IA, registered since 1991, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. Foster Group, Inc. (CRD 107148): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is Foster Group, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Foster Group, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Foster Group, Inc. located?",
      "a": "Foster Group, Inc.'s principal office is in West des Moines, IA, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Foster Group, Inc. registered with the SEC or a state?",
      "a": "Foster Group, Inc. is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 107148."
    },
    {
      "q": "How much does Foster Group, Inc. manage?",
      "a": "Foster Group, Inc. reports $4,775,514,804 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (96% discretionary)."
    },
    {
      "q": "How have Foster Group, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Foster Group, Inc.: Regulatory assets under management: $2,639,308,984 in the October 2021 data and $4,775,514,804 in the October 2026 data, up 81%. Total employees: 59 in October 2021 and 93 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Foster Group, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,241); high net worth individuals (715); corporations or other businesses not listed above (60)."
    },
    {
      "q": "Which custodians does Foster Group, Inc. use?",
      "a": "Foster Group, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Pershing Advisor Solutions LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Foster Group, Inc. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/107148"
    },
    {
      "q": "What changed in Foster Group, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 47 to 45. Regulatory assets under management went from $3,542,998,153 to $4,775,514,804 (+35%). Registered or notice-filed in NC."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 2639308984.0,
      "total_employees": 59,
      "filing_date": "2021-09-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 3393383529.0,
      "total_employees": 65,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 3083295163.0,
      "total_employees": 75,
      "filing_date": "2023-08-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 3238513168.0,
      "total_employees": 81,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 3542998153.0,
      "total_employees": 85,
      "filing_date": "2025-06-17"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 4775514804.0,
      "total_employees": 93,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 47 to 45.",
        "Regulatory assets under management went from $3,542,998,153 to $4,775,514,804 (+35%).",
        "Registered or notice-filed in NC."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Pershing Advisor Solutions LLC",
      "name_as_filed": "PERSHING ADVISOR SOLUTIONS LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/foster-group-inc-west-des-moines-ia-107148.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1241,
      "fewer_than_5": false,
      "raum": 872065024.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 715,
      "fewer_than_5": false,
      "raum": 3162441586.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 45,
      "fewer_than_5": false,
      "raum": 271349914.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 60,
      "fewer_than_5": false,
      "raum": 393505171.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 40,
      "fewer_than_5": false,
      "raum": 76153109.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107148",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}