Foster Victor Wealth Advisors
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Learn more about Foster Victor Wealth Advisors
Overview
Foster Victor Wealth Advisors operates as a financial advisory company headquartered in Greenville, South Carolina. It handles $1.2 billion in assets over 4,652 client accounts, placing it among the bigger financial advisory firms in the country by assets under management (AUM). It has a small group, including 19 financial advisors. Foster Victor Wealth Advisors is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer firm to do so. Securities are exchangable financial investments such as stocks, options and bonds.
Foster Victor Wealth Advisors administers most of the firm's accounts on a discretionary basis. Discretionary management is a structure in which transaction choices for the client's account are made by an investment advisor without needing client approval. The company also administers 1,129 non-discretionary accounts totaling $262.5 million in assets under management. The advisory firm administers roughly $267,239 in assets for each client account. The typical financial advisor at Foster Victor Wealth Advisors oversees about 245 client accounts.
The company's central office is at 10 Toy Street, Greenville, South Carolina 29601. The firm is registered to provide services to clients across 18 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Foster Victor Wealth Advisors by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$1.2 billion
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
30
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
4,652
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$267.2 thousand
Products and Services
Foster Victor Wealth Advisors provides a number of services, which can include financial planning services, portfolio management for individuals and small businesses and portfolio management for institutional clients. In the past fiscal year, the firm provided 101-250 of its clients with financial planning services. The firm is not engaged in selling products or offering services aside from investment advisory services to its investment advisory clients.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors usually depend on which services are provided. However, fees billed by the firm most likely include the following fee structures: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Foster Victor Wealth Advisors.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with retail investors, high net worth investors and corporations. Out of its 4,652 customers, Foster Victor Wealth Advisors's biggest client is retail investors, though it also caters to 413 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's clients reside abroad.
- High-Net-Worth Individuals* - 29.67%
- Other Individuals - 63.65%
- Corporations - 6.68%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Foster Victor Wealth Advisors does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Foster Victor Wealth Advisors
Greenville, SC
Greenville, SC
Greenville, SC
Greenville, SC
Greenville, SC
Greenville, SC
Greenville, SC
Greenville, SC
Greenville, SC
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