First Command Financial Services, Inc. announced today that its Asset
Management Services (AMS) program and banking affiliate closed out the
second quarter of 2018 holding approximately $2.9 billion in marketable
securities.
According to its Form 13F filings with the Securities and Exchange
Commission, First Command held approximately 44.4 million shares of
certain marketable securities (specifically, securities that are traded
on public exchanges, including exchange-traded funds and individual
stocks, but not mutual funds) as of June 30. The bulk of these
investments were managed on behalf of clients of the company’s AMS
program, which held approximately 32.7 million shares valued at $2.5
billion.
“Our AMS program provides clients with personal attention that aligns
with their financial goals,” said First Command’s Chief Investment
Officer John Weitzer. “First Command’s team of professional investment
managers serve clients through a single, easy-to-monitor program built
on proven financial principles. Our knowledgeable, experienced
professionals work hard every day to continue to earn the loyalty of
clients who seek strategic asset allocation and broad global
diversification in their long-term pursuit of financial security.”
In addition, First Command Bank held approximately 11.7 million shares
valued at $341.8 million on behalf of the clients of its Wealth
Management & Trust Services Group.
“We are proud to serve the investment management and custodial needs of
First Command’s high net worth clients,” said David White, president of
First Command Bank. “These latest quarterly numbers underscore the trust
that these clients continue to place in us. We are committed to giving
them the highest level of service and advice.”
First Command Financial Services, Inc. offers financial planning
services, asset management services and other investment advisory
services to individuals and entities. Managed accounts and mutual funds
totaled approximately $27.8 billion as of Dec. 31, 2017.
First Command Bank is a federally chartered savings bank and a member of
the Federal Deposit Insurance Corporation (FDIC). In addition to wealth
management and trust services, the bank offers a variety of personal
banking products and services that include checking and savings
accounts, certificates of deposit, automobile loans, secured and
unsecured personal loans, debt consolidation loans, credit and debit
cards and online banking services. Commercial banking products and
services offered by First Command Bank include commercial checking
accounts, money market savings accounts, commercial loans, business
credit and debit cards and online banking services. First Command Bank’s
assets totaled approximately $749 million as of Dec. 31, 2017.
About First Command
First Command Financial Services and its subsidiaries, including First
Command Financial Planning and First Command Bank, coach our Nation’s
military families in their pursuit of financial security. Since 1958,
First Command Financial Advisors have been shaping positive financial
behaviors through face-to-face coaching with hundreds of thousands of
client families.
First Command Financial Services, Inc., is the parent of First
Command Financial Planning, Inc. (Member SIPC,
FINRA),
First Command Advisory Services, Inc., First Command Insurance Services,
Inc. and First Command Bank. Financial planning services and investment
products, including securities, are offered by First Command Financial
Planning, Inc. , a broker-dealer. Financial planning and investment
advisory services are offered by First Command Advisory Services, Inc.,
an investment adviser. Insurance products and services are offered
by First Command Insurance Services, Inc., in all states except Montana,
where as required by law, insurance products and services are offered by
First Command Financial Services, Inc. (a separate Montana domestic
corporation). Banking products and services are offered by First Command
Bank. In certain states, as required by law, First Command Insurance
Services, Inc. does business as a separate domestic corporation.
Securities products are not FDIC insured, have no bank guarantee and may
lose value. A financial plan, by itself, cannot assure that retirement
or other financial goals will be met. First Command Financial
Services, Inc. and its related entities are not affiliated with,
authorized to sell or represent on behalf of or otherwise endorsed by
any federal employee benefits programs referenced, by the U.S.
government, or the U.S. armed forces.
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