Portfolio Services
Foster & Associates is a team of investment professionals who specialize in providing a private banking type of service to individual investors. We take accounts on a fully managed, advisory or performance-incentive basis. All portfolios are managed with the preferences and concerns of the individual being of the utmost importance when investment decisions or recommendations are made.
Clients can trust Foster & Associates to exercise strict objectivity in the selection of investments. We do not underwrite securities, and our policy is never to sell portfolio clients from the firm's inventory nor to buy from portfolio clients for the firm's inventory.
Management
Clients can be assured that our investment selections are carefully researched both as to their investment potential and their suitability to the portfolios receiving them. While our general investment strategy is to remain fully invested, we reduce or increase risk exposure to match our assessment of the dominant macro-economic themes. Our goal is not to "out-guess" the market, but by being cautiously selective, to show our clients a better than average rate of return.
Fee Schedule
On Fixed Income Securities: .5% annually
On Equities: 1.5% annually
* Flat transaction fee of CDN$30 for each purchase and sell order in Canadian accounts and US$30 for each purchase and sell order in US accounts.
** Of Note: Management fees are not charged on T-Bills and Mutual Funds.
Summaries
Portfolio evaluations are sent to clients each calendar quarter. Where clients have more than one portfolio, the combined evaluation of the portfolios is included at no extra charge. Each portfolio summary includes cost and market prices of securities held, anticipated dividend and interest income and investment performance for the quarter.
Our quarterly investment Strategy Report is delivered with our evaluations and can also be read online.
Annually, clients are sent a dividend, interest and capital gain/loss summary for tax purposes.
Private Banking Services
Foster & Associates will deposit funds into client bank accounts and pay bills for clients from their investment accounts, usually at no extra charge.
We also prepare client tax returns for a negotiated fee. Where our expertise is relevant, we can be contracted to provide written analysis and recommendations on potential investment and business situations.
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