Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
First Command Advisory Services Overview
First Command Advisory Services is a fee-based investment advisory firm headquartered in Fort Worth, Texas. The firm has been in business since 2005 and specializes in providing investment advice to individuals and small businesses. As a registered investment advisory firm, First Command offers investment advice only, and does not engage in any marketing or sales activities. The firm's fee arrangement is based on a fee-based system, which means that clients pay a fee for financial planning and portfolio management services based on the assets they have under management. First Command's team of professionals specialize in financial planning and portfolio management for individuals and small businesses, working with clients to set and achieve their financial goals. The firm's investment strategies are customized to meet the unique needs of each client, and they take a long-term approach to investing. First Command Advisory Services is committed to helping clients achieve financial wellness and to providing excellent customer service. They have a strong reputation in the industry and are recognized for their expertise and professionalism. With their focus on investment advice only, First Command is able to offer independent guidance and unbiased advice to their clients.
FIRST COMMAND ADVISORY SERVICES provides financial planning and investment advisory services to a diverse range of clients. Its client base includes individuals seeking to build their wealth, high net worth individuals with complex financial portfolios, pension and profit sharing plans, charitable organizations, as well as various types of corporations. The firm's goal is to develop personalized strategies that align with each client's financial objectives and risk tolerance. FIRST COMMAND ADVISORY SERVICES offers different fee structures depending on the type of services provided. The firm charges a percentage of assets under management (AUM) for its investment management services. This model ensures that the fees charged are proportional to the value of the assets being managed, aligning the interests of both the client and the advisor. For financial planning services, the firm may charge a fixed fee depending on the level of complexity involved in developing the financial plan. This fee may be structured as a flat fee or charged hourly, depending on the scope of the work required. The firm is transparent about its fee structure and ensures that clients understand the services they will receive and the associated costs.
Typical Clients, Fee Structures & Investment Minimum
According to the note in FIRST COMMAND ADVISORY SERVICES' Part 2 Brochure, there are investment minimums for their AMS program. The minimum initial investment requirement to participate in the Foundations program is $20,000 per registration type. For the SIP program, the minimum initial requirement is $50,000 per registration type. Therefore, if you want to invest in their AMS program, you are required to meet these minimums. It is worth noting that their Part 2 Brochure does not mention any investment minimums for their other programs or services.
How This Office Can Help Bonita Springs, FL Residents
First Command provides comprehensive financial planning and investment management services to clients in Bonita Springs, FL. The firm understands the unique financial challenges that residents of Bonita Springs may face. The area is known for its retirement communities, beachfront properties, and proximity to golf courses, which can lead to complex real estate and investment portfolios. Additionally, many clients in Bonita Springs are veterans or active-duty military members who may have specific financial needs and goals. First Command's team of financial advisors work with clients in Bonita Springs to develop personalized financial plans that address their unique goals, such as retirement planning, investment management, and navigating complex tax and estate planning strategies. The firm also offers specialized services to assist military personnel and their families, including education on military pay and benefits, life insurance and survivor benefit planning, and assistance with military transitions. Overall, First Command is committed to helping clients in Bonita Springs achieve financial security and pursue their long-term financial goals.
Services Offered by First Command Advisory Services
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by First Command Advisory Services most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
First Command Advisory Services is registered to service clients in the following states:
- 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
- Puerto Rico
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
Disciplinary History
First Command Advisory Services does not have any disclosures. Please visit it's Form ADV for more details.