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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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2.0
Dec 27, 2013
Recommend
CEO approval
Business Outlook

Pros

1- Support for military families and the ability to implement military benefits into comprehensive financial plans. 2- There is a large selection of investment and insurance products for advisors to recommend to clients. 3- Training program for new advisors at the corporate level is very detailed. 4- Monthly income for new advisors - if they can make the gates (minimum required sales).

Cons

1- The company talks about doing what's best for clients, but the compensation system for advisors pressures them to sell whole life insurance. 2- Slow to pay advisors their commissions and fast to take money on charge backs. 3- Very challenging gates for the first year advisor. Investments sold by the first year advisor does not count towards the quarterly gates (only insurance sales). Only one year program for new advisor income before going to 100% commission. 4- Financial planning software is outdated and not user friendly.

1.0
Dec 17, 2013
Recommend
CEO approval
Business Outlook

Pros

The company contributes 15 percent of your salary to the ESOP (Employee Stock Ownership) which is yours after you are vested. Not bad

Cons

I really don’t know if the IT management staff wants the department to fail but that is what it appears. Either that is the case or they do not know what they are doing. The department as had a 30 percent turnover rate and for good reason. It is basically unbearable to be there. The pay and health insurance is not all that good.

3.0
Jul 29, 2013
Recommend
CEO approval
Business Outlook

Pros

Stock options and some bonuses, the company culture in many areas is pretty good which is why I stayed so long. That being said my last department which I spent more years in than I care to admit, was the equivalent to serving me in a Taiwanese prison.

Cons

Ability to move around in the company is zero. You get in and your stuck without a way to promote, which management does not promote. If you are a good and reliable employee which I was they will found a way to keep you from moving around.

Viewing 118 - 120 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.