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Foster Group Announces Organizational Changes To Build An Enduring Company

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.

(Logo: http://photos.prnewswire.com/prnh/20121115/NY13436LOGO )

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

In addition, four employees were named shareholders in the firm: Travis Rychnovsky, COO; Ross Polking, COO of Foster Group's Omaha office; Joe Bantz, Lead Advisor; and Brad Rempe, Lead Advisor. Katie Lauer of the firm's Client Services Team is now an Associate Advisor.

The new roles became effective Jan. 1.

For more information, please contact Dana Taormina at dtaormina@jcprinc.com or 973-850-7305.

About Foster Group Inc. ( http://www.fostergrp.com/)Foster Group Inc. is 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. Headquartered in Iowa, the firm has more than $1.1 billion in assets under management and services more than 850 clients across 38 states with a specialization for clients in the medical profession.

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 works with individuals, trust funds, retirement plans, non-profit organizations, and fiduciaries to preserve capital, grow assets, and avoid marketplace risk.

Foster Group is also a founding member of the Zero Alpha Group, an international consortium made up of nine independent investment advisors. For more information visit: www.zeroalphagroup.com.

Foster Group was honored with the 2012 Best-In Business IMPACT Award™, part of the Charles Schwab & Co., Inc. IMPACT Awards®

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