{"url":"https://nivawealth.com/firms/stevens-foster-financial-services-115752","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/115752","regulatoryAum":750430120,"crd":"115752","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6158501","suffix":null,"lastName":"Ballmann","firstName":"Jeremy","middleName":"Matthew"},{"crd":"8249016","suffix":null,"lastName":"Lampert","firstName":"Keller","middleName":"Anthony"},{"crd":"3126060","suffix":null,"lastName":"LUNNEBORG","firstName":"KEITH","middleName":"ALLEN"},{"crd":"6247037","suffix":null,"lastName":"MAURI","firstName":"JANN","middleName":"DANELLE"},{"crd":"5104957","suffix":null,"lastName":"PLAGENS","firstName":"DANIEL","middleName":"EATON"},{"crd":"436000","suffix":null,"lastName":"STEVENS","firstName":"WILLIAM","middleName":"HOWARD"}],"total":6,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-30","regulatoryAum":662685637,"clients":392,"employees":25,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":711662875,"clients":352,"employees":25,"offices":1},{"filedOn":"2023-07-20","regulatoryAum":576450366,"clients":404,"employees":25,"offices":1},{"filedOn":"2024-03-29","regulatoryAum":620408766,"clients":351,"employees":21,"offices":1},{"filedOn":"2025-03-27","regulatoryAum":660761100,"clients":322,"employees":20,"offices":1},{"filedOn":"2026-03-30","regulatoryAum":750430120,"clients":332,"employees":20,"offices":1}],"secFileNumber":"801-80128","legalName":"Stevens, Foster Financial Services, Inc.","displayName":"Stevens, Foster Financial Services","slug":"stevens-foster-financial-services-115752","website":"https://stevensfoster.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":"1988","organization":"Minnesota corporation","fiscalYearEnd":"December","headquarters":{"street":"7900 Xerxes Avenue South, Suite 1800","city":"Bloomington","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55431"},"tradeNames":[],"registration":{"secApproved":"7 August 2014","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":2260331.686746988,"staff":{"employees":20,"advisory":5,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":750430120,"discretionary":618392109,"discretionaryAccounts":639,"nonDiscretionary":132038011,"nonDiscretionaryAccounts":364,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":100},"clientTypes":[{"label":"Individuals (other than HNW)","clients":181,"regulatoryAum":58060797},{"label":"High-net-worth individuals","clients":151,"regulatoryAum":692369323},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":0}],"feePrograms":[{"role":"main","program":"Asset Based Fees","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032084","versionId":1032084,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-30","documentName":"MARCH 2026 ADV PART 2A","fee_rate_low":0.3,"fee_rate_high":1,"fee_negotiable":null,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning and Tax Services","summary":"Financial planning and tax services are charged at a fixed or hourly fee, typically between $750 and $25,000.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032084","versionId":1032084,"submittedOn":"2026-03-30","documentName":"MARCH 2026 ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T06:19:11.694899+00:00","documents":[{"name":"MARCH 2026 ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032084","versionId":1032084,"submittedOn":"2026-03-30"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Fransisco, CA","smaAssets":17616495},{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":732813625}],"custodyNote":"Stevens, Foster Financial Services has custody of $118M in client assets for 6 clients.","leadership":[{"name":"William Stevens","title":"President, CCO","crd":"436000"}],"ownership":[{"label":"William Stevens","detail":"President, cco in the 75% or more ownership band and a control person, since May 1988."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"7900 Xerxes Avenue South, Suite 1800","city":"Bloomington","headquarters":true}]}],"brochureServices":["estate planning","insurance","tax planning","tax preparation"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"952-843-4200","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Commissions"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"251-500","assetMix":[{"label":"Exchange-traded equity securities","percent":45},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":48},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/115752/PDF/115752.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032084","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Stevens, Foster Financial Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Stevens, Foster Financial Services offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Stevens, Foster Financial Services charge?","answer":"Stevens, Foster Financial Services charges 0.30%–1.00% a year for its Asset Based Fees. The fee is billed in advance.","source":"MARCH 2026 ADV PART 2A, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Stevens, Foster Financial Services use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Stevens, Foster Financial Services have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Stevens, Foster Financial Services invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Stevens, Foster Financial Services?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Stevens, Foster Financial Services get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Stevens, Foster Financial Services registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Stevens, Foster Financial Services?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}