First Command Advisory Services is a large advisory firm based in Fort Worth. It manages $12.98 billion of regulatory assets for 87,998 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
First Command Advisory Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 27,971 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of First Command Advisory Services is $12.98 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay First Command Advisory Services for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Mark Duane Steffe is individuals with 87,117 clients and $12.08 billion of assets under management. Among the 8 most similar advisory firms, First Command Advisory Services has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $12.98 billion for 87,998 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
First Command Advisory Services doesn't advise any private funds.
The company employs 1,100 people that are either part- or full-time employees. 72 percent of the employees work as investment advisers or researchers. 788 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Mark Duane Steffe has been acting as President since 1 Apr 2017. Lance Studdard joined the executive team most recently as the Trustee.
The principal office where First Command Advisory Services performs its advisory services is located at 1 Firstcomm Plaza, Fort Worth, TX 76109 The mailing address of the firm is Po Box 2387, Fort Worth, TX 76113 2387. An additional office of the firm is in Virginia Beach, VA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 817-731-8621 or by fax 817-569-2399. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at firstcommand.com.