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Updated September 28, 2026. Quick answer: Yes, on every account. Foster Group is registered with the SEC only as an investment adviser (it is not a broker-dealer), so the Investment Advisers Act of 1940 requires it to act as your fiduciary. Its own Form CRS states: “When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
How it’s registered
From Form CRS, Customer Relationship Summary, Foster Group (March 27, 2026): “Foster Group, Inc. (“we”, “our” or “us”) is registered with the Securities Exchange Commission (“SEC”) as an investment adviser.”
The standard of conduct, in its own words
“When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours.”
On commissions: are generally compensated on a salary basis and are eligible for bonuses
Fiduciary status by capacity
| Capacity | Registration | Standard you’re owed | Can earn commissions | Source |
|---|---|---|---|---|
| As your investment adviser | SEC-registered investment adviser | Fiduciary duty (Investment Advisers Act of 1940) | No (asset-based advisory fee: $4,500 a year, 0.90% on a $500,000 account) | Form CRS, Customer Relationship Summary, Foster Group, March 27, 2026 |
What this means for what you pay
Fiduciary status is one input, not the whole picture. Foster Group discloses a published fee that runs $4,500 a year on a $500,000 account; see the full dollar breakdown from Foster Group’s own fee disclosure before deciding whether the standard of conduct here changes your answer.
If the answer above changes your mind about staying, see what it costs to leave Foster Group, or read the general mechanics of switching financial advisors.
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Source: WiserAdvisor’s service descriptionSources
- Form CRS, Customer Relationship Summary, Foster Group (March 27, 2026): https://reports.adviserinfo.sec.gov/crs/crs_107148.pdf
- SEC Investment Adviser Public Disclosure, Foster Group (CRD #107148): https://adviserinfo.sec.gov/firm/summary/107148
- Foster Group, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/107148/PDF/107148.pdf
Methodology. This page was built September 28, 2026, quoting directly from Foster Group’s own current Form CRS, with the source linked above; any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading the firm’s own Form CRS. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
How does this compare? See how 127 advisory firms are registered, from each firm’s own SEC record.