DES MOINES, Iowa and OMAHA, Neb., Jan. 9, 2013 /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, announced today that its Founder and Chief Executive Officer, Jerry Foster, has assumed a new role as Chairman of the Board.
Mr. Foster will serve in an advisory and accountability role to ensure clients are getting optimum returns on their investments. He also will function as a mentor to the firm's key leaders. He will be a more involved member of the community and an ambassador to the industry as an active board member, developing actionable insights for every shareholder leading Foster Group.
"Our business model and core values have always revolved around delivering financial solutions that serve as a catalyst for positive life change," said Foster. "Our goals of meeting the evolving needs of our clients and reducing the complexities of wealth management require us to evolve as an organization to always deliver the best possible outcomes."In addition to Mr. Foster's new role, the firm announced that its longtime President, Mark Stadtlander, has assumed the role of the firm's Chief Executive Officer. The changes are all part of Foster Group's growth strategy to build on its commitment to creating a firm that will serve both current and future generations of clients with a solid continuity of leadership. "The values of integrity, humility, accountability, respect, excellence and wisdom are as relevant to us today as they were when Jerry Foster founded this firm and are deeply woven into every client relationship," said Mr. Stadtlander. "In my new role, I will help Foster Group form the right kind of governances to grow strategically and maintain our excellence while creating a higher probability of success for both our firm and clients." Three additional leadership roles are part of these changes as well. These shareholders will now hold the following positions:
- Travis Rychnovsky, Chief Operating Officer
- Buck Olsen, Chief Marketing Officer
- Kent Kramer, Chief Investment Officer