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First Command Financial Services

Engaged Employer

First Command Financial Services Associate Advisor reviews

5.0

99% would recommend to a friend

(6 total reviews)
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Mark Steffe

100% approve of CEO

99% positive business outlook

Reviews by job title

6 reviews
1.0
Apr 3, 2019
Recommend
CEO approval
Business Outlook

Pros

You are treated like family at the beginning to bring in your friends and family as clients.

Cons

Advisors are independent contractors so sexual harassment, hostile work, harassment etc are not enforceable for advisors under EEOC rules. They "void your contract" if you report the people to HR, Compliance, and Legal as their training states to do. Female advisors are deemed useless if they want to start a family or spend time with kids . All new advisors need to work 50 to 60 hours a week for the first three years and sale insurance only, They have a 2 year non-solicit agreement with anyone terminated/resigned. They keep YOUR clients, so you can't take them with you. They confiscate your computer and wipe it clean.

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First Command Financial Services Response
7y
First Command appreciates the comments made but must respectfully reject the allegations in this posting. It is true that First Command Advisors are independent contractors, as we promote an entrepreneurial spirit encouraging Advisors to achieve such goals they choose to set. And we are committed to providing equal opportunities for all of our employees and Financial Advisors. Our policies and training programs are designed to ensure equal treatment for everyone at all levels of the organization. We do not condone or permit discrimination on the basis of gender, military or veteran status, race, religion or other characteristics protected by law. Harassment in any unlawful form is not tolerated, and where it has been established that a person has unlawfully harassed, that person has been discharged. Furthermore, the statement that new Advisors sell “insurance only” is incorrect. New Advisors go through an extensive training program designed to equip them to succeed as independent contractors. Advisors learn how to build and grow their own business, serve new clients, and provide quality, face-to-face coaching. Our approach is not to focus on the sale of any particular type of financial product. Rather, we teach Advisors to coach our clients to become financially disciplined and confident in their pursuit of financial security by addressing the spectrum of financial issues including risk management (insurance), cash management (banking) and investments to achieve long-term goals including retirement. We are committed to a client-first culture that reflects the highest ethical standards and best practices of the financial services industry.
1.0
Oct 18, 2012
Recommend
CEO approval
Business Outlook

Pros

opportunity to assist the most underserved; Middle income families

Cons

First Command is turning into an insurance focused company, since majority of money they make comes from insurance policies, mainly Whole Life, and treat their advisors worse than just employees. Advisors have no authority in decision making even though they are called "independent". Worst financial practice. They used to be a much better company, but nowadays they do not care either about their advisors or their clients. The good ratings you see on here are either from their marketing department or advisors who are sitting on top and collecting paychecks from businesses that new advisors brought in and they did not survive with FC. They have all their advisors as independent so they can push liabilities away as much as they can and push it to the advisors.

Viewing 4 - 6 of 6 Reviews

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