First Command Advisory Services

CRD#281958
Investment Advisor Firm

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Learn more about First Command Advisory Services

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    First Command Advisory Services is located at 1 Firstcomm Plaza, Fort Worth, TX. The firm employs 1,050 financial advisors to manage client portfolios and provide financial guidance. First Command Advisory Services is not a registered broker-dealer.

    First Command Advisory Services oversees $17.5 billion in assets under management across 107,959 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to 46,500 clients. The services offered include financial planning services and portfolio management for individuals and small businesses. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, and corporations, with retail investors being the largest client type by accounts. The fee structure at First Command Advisory Services includes asset-based and fixed fees. The firm has 1,625 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, a banking or thrift institution, and an insurance company or agency.

    First Command Advisory Services is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $17.5 billion

    Number of Advisors

    1,050

    Disclosures

    No

    Office Location

    1 Firstcomm Plaza
    Fort Worth, TX 76109

    First Command Advisory Services by the Numbers

    Total Assets Under Management

    $17.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    1,625

    National Average: 64
    Total Number of Accounts

    107,959

    National Average: 375,227
    Average Account Size

    $161.9 thousand

    National Average: $23.0 thousand
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    Products and Services

    Services provided by First Command Advisory Services include financial planning services and portfolio management for individuals and small businesses. In the past fiscal year, First Command Advisory Services provided 46500 of its clients with financial planning services. The Company is not involved in selling products or offering services aside from investment advisory services to its investment advisory clients.

    Core Advisor Services

    • 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.

    • 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.

    • 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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    Fee Structure

    Financial advisory fees typically depend on which service is offered. Fees charged by First Command Advisory Services may include any combination of the following fee types: asset-based or fixed. The firm participates in a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The company does business with a broad range of clients. The company works with retail investors, high net worth investors, pension plans, charitable organizations, and corporations. Out of its 5 clients, First Command Advisory Services's biggest client group by number of accounts is retail investors, although it also caters to 1625 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 1.51%
    • Other Individuals - 98.42%
    • Corporations - 0.05%
    • Charitable Organizations - 0.02%

    * 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

    First Command Advisory Services does not have any disclosures.

    Please visit its Form ADV for more details.

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