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First Command Financial Services

Engaged Employer

First Command Financial Services reviews

4.4

87% would recommend to a friend

(128 total reviews)
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Mark Steffe

92% approve of CEO

88% positive business outlook

Reviews by job title

128 reviews

Reviews about "Compensation"

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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.

3.0
Jul 12, 2017

After a couple years in.....

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You can't beat the clients - the military are some of the most deserving yet underserved individuals around. Also, many at First Command have been with the company for 20 years or more - you don't really see that at a lot of other firms.

Cons

Transitioning from Gateway/Fast Start to Independent Contractor is rough, and you don't always get a lot of support. Commission and compensation is confusing.

Viewing 97 - 99 of 128 Reviews

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