First Command Advisory Services is a financial planning firm that provides personalized financial advice and investment management services to military members and their families.
First Command was founded in 1958 by a group of Air Force officers who wanted to help their fellow service members make sound financial decisions. The company has since grown to become one of the largest financial planning firms in the United States, with over 3,000 financial advisors serving clients at more than 300 offices worldwide.
First Command's financial advisors are trained to provide comprehensive financial planning services, including:
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- Retirement planning
- Investment management
- Education planning
- Estate planning
- Insurance planning
First Command also offers a variety of financial education resources, including online courses, seminars, and webinars. These resources are designed to help clients make informed financial decisions and achieve their financial goals.
First Command Advisory Services
First Command Advisory Services is a financial planning firm that provides personalized financial advice and investment management services to military members and their families. The company was founded in 1958 and has since grown to become one of the largest financial planning firms in the United States.
- Personalized advice: First Command's financial advisors take the time to get to know each client's unique financial situation and goals. They then develop personalized financial plans that are tailored to meet those needs.
- Investment management: First Command's investment advisors have a proven track record of success in managing investment portfolios. They use a disciplined investment approach that is designed to help clients reach their financial goals.
- Education planning: First Command's financial advisors can help clients plan for their children's education. They can provide guidance on saving for college, choosing the right investments, and applying for financial aid.
- Estate planning: First Command's financial advisors can help clients create estate plans that will protect their assets and ensure that their wishes are carried out after they die.
- Insurance planning: First Command's financial advisors can help clients choose the right insurance policies to protect their families and their finances.
- Retirement planning: First Command's financial advisors can help clients plan for a secure retirement. They can provide guidance on saving for retirement, choosing the right investments, and managing retirement income.
- Military focus: First Command's financial advisors are trained to understand the unique financial needs of military members and their families. They can provide guidance on military pay and benefits, as well as on the challenges of military life.
- Commitment to excellence: First Command is committed to providing its clients with the highest level of service. The company's financial advisors are held to a high standard of ethical conduct and are required to complete continuing education courses.
These are just a few of the key aspects of First Command Advisory Services. The company's financial advisors can provide clients with comprehensive financial planning services that are tailored to meet their individual needs.
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1. Personalized advice
Personalized advice is a cornerstone of First Command Advisory Services. The company's financial advisors are committed to providing clients with financial plans that are tailored to their individual needs and goals. This means taking the time to get to know each client's unique financial situation, including their income, expenses, debts, assets, and risk tolerance. Once the financial advisor has a clear understanding of the client's situation, they can develop a personalized financial plan that is designed to help the client reach their goals.
- Facet 1: Understanding the client's financial situation
The first step in developing a personalized financial plan is to understand the client's financial situation. This includes gathering information about the client's income, expenses, debts, assets, and risk tolerance. The financial advisor will also want to know about the client's financial goals, both short-term and long-term. - Facet 2: Developing a financial plan
Once the financial advisor has a clear understanding of the client's financial situation, they can begin to develop a financial plan. The plan will be tailored to the client's individual needs and goals. It may include recommendations for saving, investing, budgeting, and debt management. - Facet 3: Implementing the financial plan
Once the financial plan is developed, the client and financial advisor will work together to implement it. This may involve making changes to the client's budget, investing in new financial products, or paying down debt. The financial advisor will monitor the client's progress and make adjustments to the plan as needed. - Facet 4: Ongoing support
First Command Advisory Services provides ongoing support to its clients. The financial advisor will be available to answer questions, provide guidance, and make adjustments to the financial plan as needed. This ongoing support is essential to helping clients reach their financial goals.
Personalized advice is essential for anyone who wants to achieve their financial goals. First Command Advisory Services provides personalized financial advice that is tailored to each client's individual needs and goals. This commitment to personalized advice sets First Command apart from other financial planning firms.
2. Investment management
Investment management is a critical component of First Command Advisory Services. The company's investment advisors have a proven track record of success in managing investment portfolios for military members and their families. They use a disciplined investment approach that is designed to help clients reach their financial goals.
First Command's investment advisors take a personalized approach to investment management. They work with each client to develop an investment plan that is tailored to their individual needs and goals. The advisors consider the client's risk tolerance, time horizon, and financial goals when making investment recommendations.
First Command's investment advisors also have access to a wide range of investment products and services. This allows them to create diversified investment portfolios that meet the needs of their clients. The advisors also monitor the performance of their clients' portfolios on a regular basis and make adjustments as needed.
The following are some examples of how First Command's investment management services can help clients reach their financial goals:
- A young military couple is saving for a down payment on a house. First Command's investment advisors can help them develop an investment plan that will allow them to reach their goal as quickly as possible.
- A military family is planning for their children's education. First Command's investment advisors can help them develop an investment plan that will help them save for college and minimize the amount of student debt their children will have to take on.
- A military retiree is looking for a way to generate income in retirement. First Command's investment advisors can help them develop an investment plan that will provide them with a steady stream of income while preserving their principal.
These are just a few examples of how First Command's investment management services can help clients reach their financial goals. The company's investment advisors are committed to providing clients with the highest level of service and helping them achieve their financial goals.
3. Education planning
Education planning is an important part of financial planning for families with children. The cost of college has been rising steadily for decades, and it is important to start saving early to ensure that your children have the resources they need to get a good education. First Command Advisory Services can help you develop a comprehensive education plan that will help you reach your goals.
- Facet 1: Saving for college
The first step in education planning is to start saving for college. First Command's financial advisors can help you develop a savings plan that fits your budget and your child's needs. They can also recommend investments that will help your savings grow over time.
- Facet 2: Choosing the right investments
Once you have started saving for college, it is important to choose the right investments. First Command's investment advisors can help you create a diversified portfolio that will meet your risk tolerance and financial goals.
- Facet 3: Applying for financial aid
Many families qualify for financial aid to help pay for college. First Command's financial advisors can help you complete the Free Application for Federal Student Aid (FAFSA) and other financial aid applications.
- Facet 4: Managing student loans
If you need to take out student loans to help pay for college, it is important to manage them wisely. First Command's financial advisors can help you develop a repayment plan that fits your budget and your financial goals.
Education planning is a complex and important process. First Command Advisory Services can help you develop a comprehensive plan that will help you reach your goals. The company's financial advisors are committed to providing you with the highest level of service and helping you achieve your financial goals.
4. Estate planning
Estate planning is an important part of financial planning for everyone, but it is especially important for military members and their families. Military members face unique challenges when it comes to estate planning, such as frequent moves and deployments. First Command Advisory Services can help military members and their families create estate plans that will protect their assets and ensure that their wishes are carried out after they die.
- Facet 1: Wills and trusts
A will is a legal document that states how you want your assets to be distributed after you die. A trust is a legal entity that can be used to manage your assets during your life and after your death. First Command's financial advisors can help you create a will and/or trust that meets your specific needs.
- Facet 2: Powers of attorney
A power of attorney is a legal document that gives someone else the authority to make decisions on your behalf. This can be important if you are unable to make decisions for yourself, such as if you are incapacitated or deployed overseas. First Command's financial advisors can help you create a power of attorney that meets your specific needs.
- Facet 3: Beneficiary designations
Beneficiary designations are instructions that you give to financial institutions about how you want your assets to be distributed after you die. These designations can be made on your bank accounts, retirement accounts, and life insurance policies. First Command's financial advisors can help you make sure that your beneficiary designations are up-to-date and reflect your wishes.
- Facet 4: Probate
Probate is the legal process of administering an estate after someone dies. This process can be complex and time-consuming. First Command's financial advisors can help you minimize the probate process and make sure that your assets are distributed according to your wishes.
Estate planning is an important part of financial planning for everyone, but it is especially important for military members and their families. First Command Advisory Services can help military members and their families create estate plans that will protect their assets and ensure that their wishes are carried out after they die.
5. Insurance planning
Insurance planning is an important part of financial planning. It can help you protect your family and your finances from unexpected events. First Command's financial advisors can help you choose the right insurance policies to meet your specific needs.
There are many different types of insurance policies available, including:
- Life insurance
- Health insurance
- Disability insurance
- Long-term care insurance
- Property insurance
- Liability insurance
The type of insurance you need will depend on your individual circumstances. First Command's financial advisors can help you assess your risks and choose the right policies to protect you and your family.
Insurance planning is an important part of financial planning. By choosing the right insurance policies, you can help protect your family and your finances from unexpected events.
6. Retirement planning
Retirement planning is an essential part of financial planning, and it is something that everyone should start thinking about as early as possible. First Command Advisory Services can help you develop a comprehensive retirement plan that will help you reach your goals.
- Facet 1: Saving for retirement
The first step in retirement planning is to start saving for retirement. First Command's financial advisors can help you develop a savings plan that fits your budget and your retirement goals. They can also recommend investments that will help your savings grow over time.
- Facet 2: Choosing the right investments
Once you have started saving for retirement, it is important to choose the right investments. First Command's investment advisors can help you create a diversified portfolio that will meet your risk tolerance and financial goals.
- Facet 3: Managing retirement income
When you retire, you will need to manage your retirement income so that it lasts throughout your retirement years. First Command's financial advisors can help you develop a retirement income plan that will provide you with a steady stream of income while preserving your principal.
Retirement planning is a complex and important process, but it is something that you should not have to do alone. First Command Advisory Services can help you develop a comprehensive retirement plan that will help you reach your goals. The company's financial advisors are committed to providing you with the highest level of service and helping you achieve your financial goals.
7. Military focus
First Command Advisory Services is a financial planning firm that specializes in providing financial advice and investment management services to military members and their families.
- Facet 1: Understanding military pay and benefits
Military pay and benefits are complex and can be difficult to understand. First Command's financial advisors are trained to help military members and their families understand their pay and benefits and how to make the most of them.
- Facet 2: Providing guidance on the challenges of military life
Military life can be challenging, and financial challenges are often one of the biggest stressors. First Command's financial advisors are trained to help military members and their families overcome the financial challenges of military life.
- Facet 3: Providing personalized financial advice
Every military member and family is different, and their financial needs are unique. First Command's financial advisors take the time to get to know each client and their individual needs. They then develop personalized financial plans that are tailored to meet those needs.
- Facet 4: Supporting military families throughout their financial journey
First Command's financial advisors are committed to supporting military families throughout their financial journey. They are available to answer questions, provide guidance, and make adjustments to financial plans as needed.
First Command Advisory Services is a valuable resource for military members and their families. The company's financial advisors are trained to understand the unique financial needs of military members and their families. They can provide guidance on military pay and benefits, as well as on the challenges of military life. First Command's financial advisors are committed to helping military members and their families achieve their financial goals.
8. Commitment to excellence
First Command Advisory Services is committed to providing its clients with the highest level of service. This commitment to excellence is evident in everything the company does, from the way its financial advisors are trained to the way it interacts with clients.
- High standards of ethical conduct
First Command's financial advisors are held to a high standard of ethical conduct. They are required to adhere to the company's code of ethics, which includes a commitment to honesty, integrity, and professionalism. This code of ethics ensures that clients can trust First Command's financial advisors to act in their best interests.
- Continuing education
First Command's financial advisors are required to complete continuing education courses each year. This ensures that they are up-to-date on the latest financial planning techniques and strategies. This commitment to continuing education ensures that clients can benefit from the most up-to-date financial advice.
- Client-first approach
First Command's financial advisors take a client-first approach to everything they do. They take the time to get to know each client's individual needs and goals. They then develop personalized financial plans that are designed to help clients reach their goals. This client-first approach ensures that clients receive the best possible financial advice and service.
- Commitment to excellence
First Command's commitment to excellence is evident in everything the company does. From the way its financial advisors are trained to the way it interacts with clients, First Command is committed to providing the highest level of service. This commitment to excellence has made First Command one of the leading financial planning firms in the United States.
First Command Advisory Services' commitment to excellence is one of the things that sets the company apart from other financial planning firms. Clients can be confident that they are getting the best possible financial advice and service when they work with First Command.
FAQs about First Command Advisory Services
First Command Advisory Services is a financial planning firm that provides personalized financial advice and investment management services to military members and their families. The company has been in business for over 60 years and has a proven track record of helping clients reach their financial goals.
Here are answers to some of the most frequently asked questions about First Command Advisory Services:
Question 1: What services does First Command Advisory Services offer?First Command Advisory Services offers a wide range of financial planning services, including:
- Retirement planning
- Investment management
- Education planning
- Estate planning
- Insurance planning
- Tax planning
- Debt management
First Command Advisory Services is available to military members and their families, including active duty, reserve, retired, and veterans. The company also provides services to Department of Defense civilians and their families.
Question 3: How much does First Command Advisory Services cost?The cost of First Command Advisory Services varies depending on the services you need and the complexity of your financial situation. The company offers a free initial consultation so you can learn more about their services and fees.
Question 4: Is First Command Advisory Services a fiduciary?Yes, First Command Advisory Services is a fiduciary. This means that the company is legally obligated to act in your best interests when providing financial advice.
Question 5: What are the benefits of using First Command Advisory Services?There are many benefits to using First Command Advisory Services, including:
- Personalized financial advice tailored to your individual needs and goals
- Access to a team of experienced financial advisors
- A commitment to providing excellent customer service
- A proven track record of helping clients reach their financial goals
To get started with First Command Advisory Services, you can call the company at 1-800-456-GOAL or visit their website at www.firstcommand.com.
First Command Advisory Services can help you develop a comprehensive financial plan that will help you reach your financial goals. The company's financial advisors are experienced and knowledgeable, and they are committed to providing excellent customer service.
Financial Planning Tips from First Command Advisory Services
First Command Advisory Services is a financial planning firm that specializes in providing financial advice and investment management services to military members and their families. The company has been in business for over 60 years and has a proven track record of helping clients reach their financial goals.
Here are five financial planning tips from First Command Advisory Services:
Tip 1: Set financial goals.The first step to financial planning is to set financial goals. What do you want to achieve with your finances? Do you want to retire early? Save for a down payment on a house? Pay for your children's education?
Once you know what you want to achieve, you can start to develop a plan to reach your goals.
Tip 2: Create a budget.
A budget is a plan for how you will spend your money each month. It helps you track your income and expenses so that you can make sure you are living within your means.
Creating a budget is essential for reaching your financial goals. It will help you stay on track and make sure that you are not overspending.
Tip 3: Invest for the long term.
Investing is one of the best ways to grow your wealth over time. When you invest, you are essentially lending money to a company or government in exchange for a return on your investment.
Investing for the long term is important because it gives your investments time to grow. The stock market fluctuates in the short term, but over the long term it has always trended upwards.
Tip 4: Save for retirement early.
The sooner you start saving for retirement, the more time your money has to grow. Even if you can only save a small amount each month, it will add up over time.
There are many different ways to save for retirement. You can contribute to a 401(k) plan, an IRA, or a Roth IRA. Talk to a financial advisor to learn more about your options.
Tip 5: Get professional financial advice.
A financial advisor can help you develop a comprehensive financial plan that meets your individual needs and goals. A financial advisor can also help you make investment decisions, manage your debt, and plan for retirement.
If you are serious about reaching your financial goals, consider working with a financial advisor.
These are just a few financial planning tips from First Command Advisory Services. By following these tips, you can improve your financial health and reach your financial goals.
Conclusion
First Command Advisory Services is a leading financial planning firm that specializes in providing personalized financial advice and investment management services to military members and their families. The company has a proven track record of success, and its financial advisors are committed to helping clients reach their financial goals.
First Command's financial advisors take a holistic approach to financial planning. They consider all aspects of a client's financial situation, including their income, expenses, debts, assets, and risk tolerance. This allows them to develop comprehensive financial plans that are tailored to each client's individual needs and goals.
First Command is committed to providing its clients with the highest level of service. The company's financial advisors are held to a high standard of ethical conduct and are required to complete continuing education courses. This ensures that clients can trust First Command's financial advisors to provide them with the best possible advice.
If you are a military member or family member, First Command Advisory Services can help you develop a comprehensive financial plan that will help you reach your financial goals. The company's financial advisors are experienced and knowledgeable, and they are committed to providing excellent customer service.
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