Stevens, Foster Financial Services provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, tax planning, and tax preparation. Financial planning was provided to 251–500 clients last fiscal year.
Stevens, Foster Financial Services reports 332 clients. They include 181 individual clients and 151 high-net-worth individuals. Of its assets, 82.4% ($618M across 639 accounts) are managed with discretion; $132M across 364 accounts are not. It advised 100 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 55% | 8% |
| High-net-worth individuals | 45% | 92% |
| Charitable organizations | Fewer than 5 | 0% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 181 | $58.1M | 7.7% | $321K |
| High-net-worth individuals | 151 | $692M | 92.3% | $4.59M |
| Charitable organizations | Fewer than 5 | $0 | 0.0% | — |
| Total | 332 | $750M | 100% | — |
- Clients
- 181
- Regulatory AUM
- $58.1M
- AUM share
- 7.7%
- Avg. per client
- $321K
- Clients
- 151
- Regulatory AUM
- $692M
- AUM share
- 92.3%
- Avg. per client
- $4.59M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 332
- Regulatory AUM
- $750M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 100
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Stevens, Foster Financial Services charges 0.30%–1.00% a year for its Asset Based Fees. The fee is billed in advance. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Tax Services
- Financial planning and tax services are charged at a fixed or hourly fee, typically between $750 and $25,000.
William Stevens owns 75% or more of Stevens, Foster Financial Services. The leadership team of Stevens, Foster Financial Services includes President William Stevens. It has 20 employees, 5 of them in advisory roles.
Leadership
- William StevensPresident, CCO
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 20 employees
- 5 in advisory functions
- 5 state-registered reps
- 2 insurance agents
- Owns 75% or more of Stevens, Foster Financial Services, Inc.
William Stevens
Control person · since May 1988
Stevens, Foster Financial Services’ regulatory assets grew from $663M (March 2021) to $750M (March 2026); clients fell from 392 to 332 and employees from 25 to 20.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $750M | 332 | 20 | 1 |
| March 2025 | $661M | 322 | 20 | 1 |
| March 2024 | $620M | 351 | 21 | 1 |
| July 2023 | $576M | 404 | 25 | 1 |
| March 2022 | $712M | 352 | 25 | 1 |
| March 2021 | $663M | 392 | 25 | 1 |
Besides its headquarters, Stevens, Foster Financial Services has 0 offices, with 1 listed address in Minnesota.
Minnesota · 1 listed address
- 7900 Xerxes Avenue South, Suite 1800, BloomingtonHQ
Contact and registration details
- Legal name
- Stevens, Foster Financial Services, Inc.
- Headquarters
- 7900 Xerxes Avenue South, Suite 1800, Bloomington, MN 55431
- Website
- stevensfoster.com
- Phone
- 952-843-4200
- SEC file
- 801-80128
- Founded
- 1988
- Structure
- Minnesota corporation
- Fiscal year end
- December
Stevens, Foster Financial Services uses Fidelity ($733M, 98%) and Charles Schwab ($17.6M, 2%) as custodians for its separately managed accounts. Stevens, Foster Financial Services has custody of $118M in client assets for 6 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Fransisco, CA · $17.6M2%
- FidelityNational Financial Services LLC · Boston, MA · $733M98%
At year end, Stevens, Foster Financial Services’ separately managed accounts were largely in funds (48%) and stocks (45%).
What the accounts hold
- Stocks45%
- Funds48%
- Bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash5%
How many clients does Stevens, Foster Financial Services have?
Stevens, Foster Financial Services has 332 clients and manages $750 million for them, as of March 2026. They include 181 individual clients and 151 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Stevens, Foster Financial Services offer?
Stevens, Foster Financial Services provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Stevens, Foster Financial Services charge?
Stevens, Foster Financial Services charges 0.30%–1.00% a year for its Asset Based Fees. The fee is billed in advance.
Which custodians does Stevens, Foster Financial Services use?
Stevens, Foster Financial Services’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $733M and Charles Schwab & Co., Inc. (San Fransisco, CA), with $17.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Stevens, Foster Financial Services have?
Stevens, Foster Financial Services has 5 investment adviser representatives registered with state securities authorities, out of 20 employees, and 5 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Stevens, Foster Financial Services invest in?
At the end of its last fiscal year, Stevens, Foster Financial Services’ separately managed accounts held 48% registered funds (mutual funds, ETFs, BDCs), 45% exchange-traded equities, 5% cash and equivalents, 1% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Stevens, Foster Financial Services?
Stevens, Foster Financial Services’ direct owner is William Stevens (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Stevens, Foster Financial Services get paid?
Stevens, Foster Financial Services is paid through a percentage of assets under management, hourly charges, fixed fees and commissions. Its Form ADV lists no performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Stevens, Foster Financial Services registered with the SEC?
Yes, Stevens, Foster Financial Services has been registered with the SEC as an investment adviser since 7 August 2014. Its CRD number is 115752 and its SEC file number is 801-80128.
Source: Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record
How do I contact Stevens, Foster Financial Services?
Stevens, Foster Financial Services’ main office is at 7900 Xerxes Avenue South, Suite 1800, Bloomington, MN 55431. Its phone number is 952-843-4200. Its website is stevensfoster.com.