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First Command Financial Services

Engaged Employer

First Command Financial Services reviews

4.4

87% would recommend to a friend

(126 total reviews)
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Mark Steffe

92% approve of CEO

88% positive business outlook

Reviews by job title

126 reviews

Reviews about "Compensation"

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1.0
Mar 15, 2018
Recommend
CEO approval
Business Outlook

Pros

There are no pros to this company and the other reviews are First Command PAYING their advisors to leave them.

Cons

All they can "sell" you from an investment standpoint are Class A high priced mutual funds which come with a massive 5.75% sales charge and over a 2% management fee. Their ENTIRE model is based off of WHOLE LIFE INSURANCE. If you do not sell it, you won't make money. They PUSH it on military that have $400,000 SGLI ALREADY. This policy has a MASSIVE commission for their advisors and is literally ripping money away from our military families. They are being deceived into buying a price insurance policy before paying off DEBT or putting money away in a LOW COST investment that almost ANY other firm can provide.

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First Command Financial Services Response
8y
First Command categorically rejects all of the allegations in this posting. These statements are patently false and bear no relation whatsoever to the honorable manner in which First Command conducts its business. At all times we act in our clients’ best interests. We are committed to a client-first culture that reflects the highest ethical standards and best practices of the financial services industry.
1.0
Mar 6, 2018

Financial Advisor

Recommend
CEO approval
Business Outlook

Pros

Potential to earn a lot of money.

Cons

Very unethical company. Former advisors are suing them over exploitive and misleading hiring practices. I was encouraged to give bad financial advice to a retired Air Force veteran simply to make more money for myself and my boss. Sole motivation is greed.

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First Command Financial Services Response
8y
First Command is committed to a client-first culture that reflects the highest ethical standards and best practices of the financial services industry. Since 2009, the Financial Planning Association has recognized First Command as an FPA Alliance member – one of only two firms ever to receive this prestigious honor. FPA Alliance firms demonstrate an unwavering commitment to the financial planning process and to their clients, delivering all financial planning services in accordance with the FPA Standard of Care. With that in mind we are particularly concerned about your statement that you were “encouraged to give bad financial advice.” That is not how First Command conducts business. On the contrary, our policies and actions are continuously monitored to reflect a culture of compliance and a fiduciary standard of conduct by which we first and foremost act in our clients’ best interests. Your statements represent a serious matter to us that we wish to address. In the meantime, I urge you to report your concerns, with further details, to our Quality Management Team via email at Quality_Management_Inbox@firstcommand.com so we can investigate and take any appropriate action that may be warranted.
4.0
Oct 10, 2017

Financial Advisor

Recommend
CEO approval
Business Outlook

Pros

Family like atmosphere. Deep appreciation for Military. Great training.

Cons

Tough career. Less than a year of financial support before becoming commission dependant.

Viewing 94 - 96 of 126 Reviews

Glassdoor has 631 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.