First Command Bank (Fort Worth)
First Command Bank Is a Large Advisory Firm Based in Fort Worth. It Manages $645.69 Million of Regulatory Assets for 3,690 Client Accounts. It Has Been...
First Command Bank is a large advisory firm based in Fort Worth. It manages $645.69 million of regulatory assets for 3,690 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
First Command Bank provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.
First Command Bank: assets under management
The assets under management (AUM) of First Command Bank is $645.69 million. The firm's AUM has grown by 250% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The firm manages $633.9 million in discretionary accounts and $11.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $175.35 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $157.15 thousand.
Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay First Command Bank for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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