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.

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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.

In order to support and expand its growth, Foster Group is dedicated to developing industry-leading technology. In October 2011, the firm formed a non-subsidiary, Orchestrate LLC, to enhance technology solutions throughout the financial industry. The result is ProcessComposer™, a smart engine that provides systemic embedded workflows for nearly every component of Foster Group's business operations. From compliance to portfolio management to on-boarding new employees, the tool allows the firm to deliver a consistent experience. Available through the Salesforce AppExchange, ProcessComposer has been widely adopted by RIAs, as well as businesses both in and outside of the financial services industry.

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

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 and its employees are independent of and are not employees or agents of Charles Schwab & Co., Inc. ("Schwab").  Schwab does not prepare, verify or endorse information distributed by Foster Group.  The Best-In-Business IMPACT Award™, part of Schwab's IMPACT Awards^® program, is not an endorsement, testimonial endorsement, recommendation or referral to Foster Group with respect to its investment advisory and other services.

Contact: Dana Taormina
JCPR
973-850-7305
dtaormina@jcprinc.com

SOURCE Foster Group Inc.