First Command charges an advisory fee, also referred to as a wrap fee, based on a percentage of your account's value. This fee covers investment advice, brokerage services, and administrative expenses. The advisory fee is non-negotiable. Fees are assessed monthly in advance based on the previous month's ending balance. The brochure mentions that FCBS may mark up certain fees assessed by Pershing, generating additional revenue for FCBS. The annual AMS Advisory Fee charged for FIP and SIP are the same. We will aggregate assets you have in FIP or SIP for purposes of qualifying for a lower Advisory Fee.