Foster Financial Group
Foster Financial Group is a privately-held, family-owned Dallas-based wealth management firm founded in 1969, offering financial planning, investment management, and Impact Giving services to affluent individuals, families, business owners, and charities across the United States.
- Company typePrivate
- Founded1969
- HeadquartersDallas, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Foster Financial Group does
Foster Financial Group is a privately-held, family-owned wealth management firm headquartered at 17300 Preston Road, Suite 260 in Dallas, Texas. Founded in 1969 by Larry Foster as an insurance and financial services practice, the firm pivoted in 1987 into comprehensive wealth management with the addition of second-generation leaders Joe and Shawn Foster, and is now undergoing a third-generation leadership transition with Brian Russell, Nick Smith, and Park McCurdy. The firm serves affluent individuals, families, business owners, and a secondary segment of charities and nonprofits primarily in the United States.
The firm's core offerings are Financial Planning and Investment Management delivered through a 360-degree consultative process of discovery, roadmap, commitment, and refinement. CERTIFIED FINANCIAL PLANNER professionals develop personalized plans covering retirement, college savings, legacy planning, tax, and estate concerns, supported by evidence-based portfolio management with an emphasis on low costs and international diversification. A differentiated specialty service, Impact Giving, addresses charitable planning through donor-advised funds, charitable pooled trusts, qualified charitable distributions, and foundation investment management, with strategic partnerships with Waterstone, National Christian Foundation, and The Signatry. Technology is delivered entirely through third-party platforms including Orion, RightCapital, Wealthscape, Albridge Wealth Reporting, American Funds, and Schwab Alliance; no proprietary technology or AI capability is in evidence.
Foster Financial Group generates revenue through recurring advisory fees on assets under management via its affiliation with Ameritas Investment Company, LLC (Member FINRA/SIPC) and Ameritas Advisory Services, supplemented by insurance product commissions through Ameritas and other carriers. Pricing is quote-based and not publicly disclosed; client acquisition relies primarily on referrals from community and ministry partnerships, direct consultative outreach, and word-of-mouth rather than digital marketing. The firm does not have outside private equity or venture backing and operates as an independent practice affiliated with, but not owned by, the Ameritas entities.
Foster Financial Group firmographics
Firmographics- Name
- Foster Financial Group
- Legal name
- Foster Financial Group
- Website
- https://fosterfinancialgroup.com
- Company type
- Private
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Foster Financial Group is a privately-held, family-owned Dallas-based wealth management firm founded in 1969, offering financial planning, investment management, and Impact Giving services to affluent individuals, families, business owners, and charities across the United States.
- Ownership category
- akta.pro rank
Foster Financial Group industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments) (FSAAABAH)
- akta.pro secondary industry
- Family Office Advisory (Single/Multi-Family) (FSAEAAAI)
Keywords
Where Foster Financial Group is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Foster Financial Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Financial Planning Advisory Services: CERTIFIED FINANCIAL PLANNER professionals develop personalized financial roadmaps advising on all aspects of client financial lives including retirement planning, college savings, legacy planning, and comprehensive wealth management. Revenue derived from advisory fees.
- Investment Management: Portfolio management services using evidence-based strategies focusing on low costs, international diversification, and proven long-term investment strategies. Managed through Ameritas Investment Company, LLC and Ameritas Advisory Services. Revenue likely based on assets under management (AUM) percentage.
- Insurance Products: Life and health insurance products offered through Ameritas and other carriers, providing another revenue stream from commissions on insurance products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Comprehensive wealth management with financial planning and investment management |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Foster Financial Group product offering
Product offeringCore offering
Foster Financial Group provides comprehensive wealth management services to affluent individuals, families, and business owners, centered on personalized financial planning and evidence-based investment management delivered through a consultative 360-degree process (Discovery, Roadmap, Commitment, Refinement). The firm complements these offerings with Impact Giving/charitable planning services and insurance products, and operates through Ameritas Investment Company, LLC and Ameritas Advisory Services for securities and investment advisory delivery.
Product overview
Foster Financial Group is a wealth management firm offering comprehensive financial planning and investment management services through a 360° approach. The core offerings consist of Financial Planning and Investment Management, supplemented by Impact Giving services for charitable giving strategies. The firm provides clients with access to multiple integrated client portals including Wealthscape, Albridge Wealth Reporting, RightCapital, and Orion for account access and portfolio management, along with American Funds and Schwab Alliance for accounts held at those custodians.
Differentiator
Problem solved
Functional benefit
Products and services
- Financial Planning
- Investment Management
- Impact Giving
- Insurance Products
Quantifiable outcome
- Helped clients give millions of dollars to ministries and charities
Companies that use Foster Financial Group
Customer profileSegments3 records
Ideal customer profiles3 records
Foster Financial Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Foster Financial Group partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- Ameritas Investment Company, LLCcoreMember FINRA/SIPC securities and investments. Provides securities licenses (Series 7, 65, 63, 26, 6) and brokerage services for Foster Financial Group advisors. Representatives offer products and services through this entity.
- Ameritas Advisory Services, LLCcoreInvestment advisory services provider. Works in conjunction with Ameritas Investment Company for full-service wealth management delivery.
- OrioncoreAdvisor tools platform connecting client financial goals with investment performance data. Utilized by Foster Financial Group for portfolio analytics and client reporting.
- RightCapitalcoreFinancial planning tool allowing clients to aggregate retirement, college, insurance, budgeting, healthcare and tax plans in one portal. Client-facing platform for financial planning visualization.
- WaterstonecoreChristian-focused financial services organization collaborating with Foster Financial Group to optimize charitable giving results for donors and charities.
- National Christian FoundationcoreLeading Christian grantmaker collaborating on charitable giving strategies, donor advised funds, and maximizing donor tax benefits.
- The SignatrycoreStrategic partner for charitable giving solutions, donor advised funds, and legacy planning strategies.
Scale indicators3 records
Recent moves7 records
Expansion highlights4 records
Foster Financial Group competitors and assessment
Company assessmentBroad incumbents
- Fisher Investments: Large, well-known investment management firm principally serving high-net-worth individuals. Provides overlapping portfolio management services, but with a discretionary managed-money model rather than the comprehensive planning approach.
- Edelman Financial Engines: Large national wealth manager combining advisor-led financial planning with digital planning tools. Comparable end-client and service mix, but with hybrid digital scale, institutional ownership, and significantly larger AUM.
- Creative Planning: Large, nationally recognized RIA serving affluent individuals and families with comprehensive wealth management. Comparable services, customer base, and business model, but at much greater scale and with institutional ownership backing.
Direct peers
- BFS Wealth Advisors: Independently owned, fee-based financial planning and wealth management firm. Comparable mid-sized boutique profile, client-centric planning model, and reliance on referrals from centers-of-influence.
- Ronald Blue & Co. Faith-based, fee-only financial planning and investment management firm serving individuals, families, and ministries. Directly comparable to Foster Financial Group on target client (Christ-aligned donors), comprehensive planning model, and philanthropic-giving specialization.
- Compass Financial Advisors: Independent, fee-only RIA providing comprehensive financial planning and investment management to individuals, families, and small businesses. Comparable scale, service model, and consultative sales-led GTM motion.
Others
- Waterstone: Christian-focused financial services organization that collaborates with Foster Financial Group on charitable giving strategies. Ecosystem/strategic partner rather than competitor, but operates in adjacent donor-advised fund and philanthropic advisory space.
- National Christian Foundation: Leading Christian grantmaker and donor-advised fund sponsor that partners with Foster Financial Group on charitable giving strategies. Adjacent ecosystem participant that influences the firm's Impact Giving value proposition.
Regional players
- Argent Financial Group: Independent, Louisiana-rooted wealth management and trust services firm serving individuals, families, and institutions across the South. Overlapping service model and client base with Foster Financial Group, though with broader fiduciary/trust capabilities.
- Cypress Wealth Services: Dallas-based boutique wealth management firm providing financial planning, investment management, and tax services to high-net-worth individuals and families. Directly comparable in geography, target client, and service scope at a similar boutique scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Foster Financial Group social profiles
Digital presenceFoster Financial Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Foster Financial Group leadership team
Management profileNumber of profiles
Profiles13 records
Foster Financial Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Foster Financial Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Foster Financial Group
What does Foster Financial Group do?
Foster Financial Group provides comprehensive wealth management services to affluent individuals, families, and business owners, centered on personalized financial planning and evidence-based investment management delivered through a consultative 360-degree process (Discovery, Roadmap, Commitment, Refinement). The firm complements these offerings with Impact Giving/charitable planning services and insurance products, and operates through Ameritas Investment Company, LLC and Ameritas Advisory Services for securities and investment advisory delivery.
Is Foster Financial Group a public or private company?
Foster Financial Group is a private company. It is classified as family owned and is currently operating.
When was Foster Financial Group founded?
Foster Financial Group was founded in 1969. It employs 1 to 10 people.
Where is Foster Financial Group based?
Foster Financial Group is headquartered in Dallas, United States, in the North America region.
How does Foster Financial Group make money?
Three revenue lines are on record. Financial Planning Advisory Services are the primary driver. The others are investment Management and insurance Products.
Who are Foster Financial Group's main competitors?
Broad incumbents on record are Fisher Investments, Edelman Financial Engines and Creative Planning. Direct peers are BFS Wealth Advisors, Ronald Blue & Co. and Compass Financial Advisors. Others are Waterstone and National Christian Foundation. Regional players are Argent Financial Group and Cypress Wealth Services.
Does Foster Financial Group have an API?
No public API is recorded for Foster Financial Group.
What industry is Foster Financial Group in?
Foster Financial Group's product category is Wealth Management. Its primary akta.pro industry code is FSAAABAH, Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments), with a secondary code of FSAEAAAI, Family Office Advisory (Single/Multi-Family). Its NAICS code is 523940 and its SIC code is 6282.