Foster Investment Management, LLC

Foster Investment Management provides fee‑only investment management primarily to individual clients and trusts, delivering services on both discretionary and non‑discretionary bases. The firm is a solo practitioner practice managing roughly $8.11 million for a very small client roster.

The firm follows a core‑and‑satellite approach: the core is typically passively managed holdings (ETFs and mutual funds tracking broad indices such as the S&P 500, Russell 3000 and aggregate bond indices), while the satellite sleeve consists of actively managed stocks (micro‑cap through mega‑cap), ETFs, mutual funds and commodities. Allocations between core and satellite are tailored to each client’s time horizon and risk tolerance, and the firm notes that satellite positions can involve short holding periods and higher tax consequences.

Compared with peers, a distinctive feature is that the majority of assets are managed on a non‑discretionary basis rather than under full discretionary authority, and the active, potentially short‑term trading in the satellite portion reflects tactical trading practices that are relatively uncommon for independent solo advisers. Other operational practices of note include infrequent trading in core holdings, a refusal to accept proxy‑voting authority, reliance on third‑party custodians (with fee debits handled by the custodian), and a NAPFA‑based code of ethics.