About David Tarr Foster, CFP®
Somehow I always knew I would grow up to manage money. As a boy, I listened to my father rant about brokers churning accounts to generate commissions and banks cheating their own customers. The message was clear: the financial industry was an enemy, not a friend. I was puzzled, and intrigued.
Jumping into a burst bubble
In college, professors in finance classes taught me how to properly “value” stocks and other investments, but I knew investing couldn’t be that simple. So, with my B.S. degree in Business Administration (from The American University Kogod School of Business, Cum Laude) in hand, when I saw a job listing for “stock broker trainee,” I jumped at the opportunity. What better way to learn to manage my own money than to work in the industry?
It was 2002. My first job was selling stocks in the wreckage of the tech crash. I entered the industry just as many brokers were leaving. They had cashed in on the dot-com bubble, ruining their clients’ financial lives in the process. Seeing this devastation, I was determined to not make the same mistakes in managing my own money and, eventually, my clients’.
Over a decade of experience
Today, I have more than a decade of experience in helping people to enjoy, preserve and grow their wealth. I am a CERTIFIED FINANCIAL PLANNER™ professional with strong expertise in investment management, estate planning, retirement planning, tax planning, asset protection and insurance.
I have acquired this expertise by working with a broad range of investors. Before I founded Foster & Wood and Foster Wealth, Inc., I was Director of Financial Planning at Deschutes Investment Advisors. Throughout my advisory career I have been exposed to many aspects of the financial industry at Smith Barney, The Strategic Alliance and Phillips & Company Securities.