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First Command Financial Services

Engaged Employer

First Command Financial Services reviews

4.4

87% would recommend to a friend

(575 total reviews)
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Mark Steffe

92% approve of CEO

88% positive business outlook

First Command Financial Services has an employee rating of 4.4 out of 5 stars, based on 575 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The First Command Financial Services employee rating is 22% above average for employers within the Financial Services industry (3.6 stars).

Reviews by job title

575 reviews
3.0
Aug 19, 2021

Know what you are getting into.

Recommend
CEO approval
Business Outlook

Pros

Company will pay for FINRA licensing and insurance licenses. Uncapped potential for income as an independent contractor.

Cons

High turnover rate for new employees. Spend 6 months as a salaried employee then become an independent contractor. This job requires a lot of prospecting and cold calling. Not a lot of warm leads. If you don’t sell insurance then you will not make it in this business.

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First Command Financial Services Response
4y
Thank you for taking time to share your experience as a First Command Financial Advisor. We seek to attract and retain talented people by providing Advisors with opportunities to enhance their professional knowledge and develop leadership skills. As you note, our Advisors do face some challenges in growing their business, but they also enjoy many opportunities. One of our most valuable offerings is the Fast Start program, which provides intense professional development to prepare new people for success as independent Advisors. Some of the benefits of that program include paying new Advisors during the training period and offering a full array of employee benefits. Through the program, our Advisors learn how to build and grow their own business, serve new clients and provide quality, face-to-face financial coaching. Our Advisors are eligible to earn a strong income through competitive industry commissions on sales of financial products, plus additional annual and deferred compensation. An essential part of this career is advising clients in strategies to manage their unique financial risks. This client-first approach to insurance is key to our commitment to follow the highest ethical standards and best practices of the financial services industry. We appreciate your feedback and thank you for taking the time to share your perspective.
5.0
Jun 6, 2021

A Motivated Company Striving for Greatness

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

With a new CEO at the helm, First Command is taking impressively large strides towards a more sophisticated, mission-driven business model. The global pandemic accelerated both the digital transformation and a new and proven flexible work environment. While both mission and vision are critical, this CEO is brave enough to hold the company's values at the same level of importance by celebrating and fostering diversity, ensuring employee equity and taking an unprecedented stance on social justice. Young, bold and talented visionaries having a voice at the table will continue to enable the evolution of this brand and its ability to meaningfully connect with its core market. I had the great privilege of meeting so many passionate, kind and genuine people at First Command. I made lifelong friends, worked alongside and for inspiring thought leaders and experienced an immense amount of kindness. I am forever grateful.

Cons

- Standardization and key business processes from enterprise to field. - Leaders lacking a business development background.

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First Command Financial Services Response
5y
Thank you for taking the time to share your positive experience with us. At First Command, our leadership is focused on providing our employees with opportunities to enhance their professional knowledge, develop leadership skills and grow within the organization. We are committed to creating and sustaining a diverse and supportive culture that inspires our employees and makes them feel appreciated and a part of the First Command family. We appreciate your recognition of our recent efforts in the advancement of our technology, as we are committed to making continuous investments in our digital capabilities. The pandemic prompted us to accelerate our efforts and we quickly launched new digital engagement tools to enable ongoing business growth and continued servicing of existing clients. Thank you again for your feedback and for sharing your experience.
2.0
Aug 7, 2020

Great Company Goals - Underappreciated Workers & Whole Life Pushers

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

-the people working at this company truly care about helping our service members achieve their goals & changing the lives of their clients for the better -free service for military cliente -some cliente would never be able to achieve their financial goals had they not met with a financial advisor from First Command. -teach free training to soldiers to ensure soldiers understand all of their benefits and coach them to reach their financial goals.

Cons

-higher ups within the company discuss the high salary income and bonuses they make openly and then berate hourly workers for asking for simple office items (ie - sticky notes, birthday celebration items, staplers, sign here stickers, etc.) & also still pay administrative employees less than $10/hr. -higher ups within the company only celebrate those that make them money (ie advisors) and do not celebrate the administrative staff -from a client perspective, if you find an advisor you truly care about, but have to PCS (since they typically serve military clients), you have to change advisors and have no choice not to. Your new advisor may not ever even reach out to you. -from a client perspective, after you are sold your products, you typically have to reach out to your advisor for follow up as the advisor doesn't care after the sell is made typically. -First Command pushes whole life even after being told by clients that whole life is not desired. if you are a company based upon creating a specific financial plan for a family, that family's views & values should be respected. -after sending out anonymous surveys, responses were still not valued and no changes were made by management, why ask for feedback and make no changes? complacency should not be valued.

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First Command Financial Services Response
5y
Thank you for taking the time to share your perspective. You have made an insightful observation about the people who work at this company. Our employees and Advisors truly care about helping our Nation’s military families. You see that commitment reflected in the care our Advisors provide to relocating clients. Advisors offer face-to-face coaching in the communities where our clients live and work. They serve in more than 170 offices worldwide, many near major military installations. These local financial coaches welcome new clients to the area and help existing clients PCS to their next home. Regarding whole life insurance –First Command does not focus on the sale of whole life or any specific type of financial product. Instead, our Advisors and employees study client needs, assets and any coverage already in place. If they find gaps in coverage, they will propose a solution. Term life insurance is a cost-effective option used to cover temporary needs. Permanent insurance products (like whole life) offer lifetime protection for permanent needs. That’s the same approach and care our Advisors take in addressing savings and investment needs for long-term goals including retirement. First Command encourages feedback and constructive criticism. Our Advisors and employees are invited to discuss business-related problems with their supervisors or with any members of management. A crucial element of that approach is the ongoing development of strong and effective leaders through efforts that include a structured development program. Surveys and reviews on Glassdoor and other sites provide us with additional insights. You can help us improve by sharing the specifics of your situation so that, if necessary, our company can take swift, corrective action. Please give us a call at 800-443-2104 and ask for Human Resources. Again, thank you for sharing your perspective.
Viewing 88 - 90 of 575 Reviews

Glassdoor has 632 First Command Financial Services reviews submitted anonymously by First Command Financial Services employees. Read employee reviews and ratings on Glassdoor to decide if First Command Financial Services is right for you.