# Foster Group, Inc.

> 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.

- CRD: 107148
- Filed as: FOSTER GROUP, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: West des Moines, IA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107148
- AdvisorCensus page: https://advisorcensus.com/firm/foster-group-inc-west-des-moines-ia-107148

## Quick answers

**How is Foster Group, Inc. compensated?**
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).

**How much does Foster Group, Inc. charge?**
Its Form ADV Part 2A brochure dated March 25, 2026 states: Hourly rate: $250 an hour (investment advice and/or financial planning services on a project or…). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Foster Group, Inc. located?**
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).

**Is Foster Group, Inc. registered with the SEC or a state?**
Foster Group, Inc. is an SEC-registered investment advisory firm, registered since 1991. Status as filed: Approved. CRD 107148.

**How much does Foster Group, Inc. manage?**
Foster Group, Inc. reports $4,775,514,804 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (96% discretionary).

**How have Foster Group, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Foster Group, Inc. serve?**
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).

**Which custodians does Foster Group, Inc. use?**
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.

**Does Foster Group, Inc. report any disciplinary disclosures?**
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

**What changed in Foster Group, Inc.'s recent Form ADV filings?**
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.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Hourly rate: $250 an hour (investment advice and/or financial planning services on a project or…)

> Upon request, Advisor may provide investment advice and/or financial planning services on a project or one-time basis. Advisor charges fees for this type of service on an hourly basis, typically at an hourly rate of up to $250.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Pershing Advisor Solutions LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $4,775,514,804
- Discretionary: $4,604,709,090
- Non-discretionary: $170,805,714

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,241 | $872,065,024 |
| High net worth individuals | 715 | $3,162,441,586 |
| Charitable organizations | 45 | $271,349,914 |
| Corporations or other businesses not listed above | 60 | $393,505,171 |
| Other | 40 | $76,153,109 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1991 (35 years)
- Employees: 93 total, 45 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Omaha, NE

### Websites listed on Form ADV (Item 1.I)
- fostergrp.com
- Facebook @FOSTERGRP
- Instagram @fostergroupinc
- LinkedIn @FOSTER-GROUP
- X @FOSTER_GROUP
- YouTube @UCvjzIN7CWlR7c-uvQbrEUDA

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,639,308,984 | 59 | September 22, 2021 |
| October 2022 | $3,393,383,529 | 65 | March 31, 2022 |
| October 2023 | $3,083,295,163 | 75 | August 16, 2023 |
| October 2024 | $3,238,513,168 | 81 | March 27, 2024 |
| October 2025 | $3,542,998,153 | 85 | June 17, 2025 |
| October 2026 | $4,775,514,804 | 93 | March 27, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Foster Group, Inc. (CRD 107148): Form ADV filing data as of October 2026.