Wealth manager, independent · West DES Moines, IA
Foster Group, Inc.
SEC-registered investment adviser · CRD 107148 · SEC 801-38507
At a glance
Foster Group, Inc. is an SEC-registered investment adviser based in West DES Moines, Iowa, with $4.8B in regulatory assets under management as of its Form ADV filed March 27, 2026. It reports 1,956 individual clients, 715 of them high-net-worth, holding an average of about $2.1 million each, and 93 employees. That ranks it 236th among the nation’s 5,657 independent wealth management RIAs and 2nd of 47 in Iowa. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and BNY Pershing.
Main office 515-226-9000fostergrp.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.8B
- Rank among independent wealth managers
- #236 of 5,657
- Rank among all SEC RIAs
- #2,166 of 17,210
- Rank in Iowa
- #2 of 47
- Individual clients
- 1,956
- High-net-worth clients
- 715
- Accounts
- 7,346
- Discretionary
- 96% of AUM
- Employees
- 93
- Advisory staff
- 45
- Offices
- 2
Owners and executives on its Form ADV
- Mark A. StadtlanderOwner
- Kent A. KramerChief Investment Officer, Board Member
- Gregory J. OlsenChief Executive Officer, Board Member
- Travis J. RychnovskyChief Growth Officer
- Bradley D. RempeSenior Lead Advisor, Board Member
- Matthew J. AbelsChief Practice Officer
- Kate P JuelfsChief Compliance Officer, Chief Operations Officer
- Ross B. PolkingLead Advisor - Business Development, Board Member
- Jonathan M. EvansLead Advisor - Business Development, Owner
- Marcus L. IwigLead Advisor, Board Member
- Timothy J. MabeeDirector of IT, Board Member
- Brenton L. CarlsonLead Advisor, Owner
Custody and brokerage
Broker-dealer
No broker-dealer ties
Foster Group, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 715 | $3.2B | 66% |
| Individuals | 1,241 | $872M | 18% |
| Corporations or other businesses | 60 | $394M | 8% |
| Charitable organizations | 45 | $271M | 6% |
| Other | 40 | $76M | 2% |
Disciplinary disclosures
Foster Group, Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗fostergrp.com ↗
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- 13 namedLocked
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Iowa
All of Iowa →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Avantax Planning Partners, Inc.Dubuque | $7.6B | 7,515 |
| BFC Planning, Inc.Cedar Rapids | $3.8B | 11,327 |
| Steele Capital Management, Inc.Dubuque | $3.5B | 1,521 |
| Accel Wealth ManagementWaverly | $1.1B | 1,290 |
| Northwest Wealth Management, LLCSpencer | $1.0B | 2,085 |
| Legacy Financial GroupDES Moines | $1.0B | 1,450 |
Background
Questions
How much does Foster Group, Inc. manage?
Foster Group, Inc. reports $4.8B in regulatory assets under management across 7,346 accounts, 96% of it on a discretionary basis, on its Form ADV filed March 27, 2026.
How many clients does Foster Group, Inc. have?
It reports 1,956 individual clients: 715 high-net-worth individuals and 1,241 other individuals. Individuals account for about 84% of its regulatory assets.
Where is Foster Group, Inc. headquartered?
Its main office is in West DES Moines, Iowa. It reports 2 offices in total and 93 employees, 45 of whom perform investment advisory functions.
How does Foster Group, Inc. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Foster Group, Inc. use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and BNY Pershing. On Schedule D of its Form ADV filed March 27, 2026, it reports these amounts held: Charles Schwab ($4.1B); BNY Pershing ($372M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Foster Group, Inc. a hybrid RIA with a broker-dealer?
Foster Group, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Foster Group, Inc. a fiduciary?
As an SEC-registered investment adviser, Foster Group, Inc. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Foster Group, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →