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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
Feb 11, 2014
Recommend
CEO approval
Business Outlook

Pros

The gym is excellent and the covered parking is a plus. The rank and file employees are generally very friendly.

Cons

Shallow, narcissistic senior management that could not work at similarly sized real financial firms. Very low pay in comparison with peer groups. Recent lay-offs indicate financial instability. Very low new client creation neccessary for growth. Run!

5.0
Jan 15, 2014
Recommend
CEO approval
Business Outlook

Pros

- Very stable, private company with attractive employee stock ownership opportunity (unusual since dot com bubble) - Dedicated people committed to making First Command a great company that benefits clients and employees/Advisors - You can feel good about what you do every day - supporting military community, supporting Advisors who care immensely about helping clients create abundant lives - Big supporter of charities like Hiring Our Heroes, United Way. Employees are very involved with charitable activities, and there are many fun opportunities to get to know other employees. - Compensation is in line with market. Lots of perks that support work/life balance.

Cons

Health care plan is not as good as some. South Fort Worth location means a long commute for many in DFW. But work from home opportunities make this less of an issue.

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.

Viewing 118 - 120 of 128 Reviews

Glassdoor has 633 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.