First Command Advisory Services
Assets Under Management
$22.1B
Number of Clients
110,166
Number of Advisors
885
Average Client AUM
$201K
AUM per Advisor
$25.0M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
First Command Advisory Services provides investment advisory services through the Asset Management Solutions (AMS) program. The program offers two services: the Foundations Investment Program (FIP) and the Select Investor Program (SIP). The IMT determines which mutual funds and/or ETFs to include in the Model Portfolios and it will periodically adjust and rebalance Model Portfolio investments.
Fee Structure
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.
Areas of Practice
Location
1 Firstcomm Plaza, Fort Worth, TX, 76109