Foundation Capital Management, LLC

Foundation Capital Management, LLC provides fee‑for‑service financial planning and discretionary portfolio management to individuals (including a substantial number of high‑net‑worth clients), as well as trusts and corporations. The firm reports approximately $243.8 million in discretionary assets under management and is operated by two principals who collectively serve 589 clients, a client load-per‑advisor that is notably higher than typical for firms of this size.

The firm’s investment approach is active and model‑driven, using computer‑constructed Growth, Moderate, Conservative and bond‑focused model portfolios and frequently exercising limited discretionary trading authority to implement allocations. Foundation Capital Management emphasizes mutual funds that trade once per day to reduce intraday pricing risk, while also using ETFs and offering lower‑activity, long‑term buy‑and‑hold allocation options; accounts are reviewed at least quarterly.

What distinguishes the firm from many peers is that both principals are dually registered as representatives of a broker‑dealer (Osaic Wealth, Inc.) and are licensed insurance agents, which allows them to effect commissionable securities and annuity transactions in addition to charging advisory fees; the brochure notes efforts to segregate fee and commission business and frequent use of a Charles Schwab custodial platform for fee‑only accounts. The firm also reports combined representative‑of‑record assets of roughly $516.9 million (when broker‑dealer relationships are included) and discloses that one principal has three IRS tax liens related to a spouse’s business that are currently under appeal—items prospective clients may wish to consider.