DES MOINES, Iowa, Nov. 15, 2012 /PRNewswire/ -- Foster Group Inc., an independent, fee-only advisory firm providing a holistic approach to wealth management and financial planning, as well as traditional investment and portfolio management offerings, was selected as the winner of the 2012 Best-In-Business IMPACT Award™, part of the Charles Schwab & Co., Inc. IMPACT Awards® program to recognize excellence in the business of independent financial advice. Founded in 1989 by Jerry Foster, the firm is committed to reducing the complexity of wealth management and financial planning, delivering straightforward financial solutions that form the foundation of their clients' ongoing success.
Foster Group serves more than 850 clients across 38 states and specializes in working with a variety clients including high-net-worth individuals and medical professionals. Since its founding, Foster Group has transitioned from a single owner to a shared partnership, allowing the firm's eight shareholders to focus on building a sustainable and enduring enterprise.
"Our unwavering mission has always been to serve as catalysts for positive life change for our clients, and the honor of being selected as the 2012 Best-In-Business IMPACT Award™ winner is truly a validation of the tireless work of every member of Foster Group's team," said Jerry Foster, Founder and Chief Executive Officer, Foster Group. "By providing financial solutions that reduce complexity and establish a high probability of success, Foster Group is uniquely positioned to help our clients raise their confidence and realize their financial goals."Foster Group has created and implemented the "Advisor Playbook," providing in-person training and education for all employees on generating and securing new business. The program has been instrumental in growing Foster Group's referral network by 170 percent in the past year, primarily through employee referrals. In conjunction with the firm's commitment to maintaining long-term client relationships, this growth in referrals has kept the firm on pace to achieve its 2012 growth goal, supported by a 22 percent compound annual growth for the past five years.