First Command announces first quarter 2021 holdings for AMS program and affiliate banking
FORT WORTH, Texas – (BUSINESS WIRE) – First Command Financial Services, Inc. today announced that the Asset Management Solutions (AMS) program and the Investment Management Account program closed the first quarter of 2021 with approximately $ 7.4 billion in marketable securities.
According to its Form 13F filed with the Securities and Exchange Commission, First Command held approximately 80.2 million shares of certain marketable securities (specifically, securities traded on public exchanges, including exchange-traded funds and stocks. individual, but not mutual funds) as of March 31. The bulk of these investments were managed on behalf of clients of the AMS program of First Command Advisory Services, which held approximately 73.6 million shares valued at approximately $ 6.9 billion.
“AMS is designed for clients seeking strategic asset allocation and broad global diversification in their quest for long-term financial security,” said John Weitzer, Chief Investment Officer of First Command. “We offer a unique, easy-to-monitor program that reflects time-tested financial principles. Our professional investment managers seek to retain their clients through personal attention that matches their financial goals. ”
In addition, First Command Bank held approximately 6.6 million shares valued at approximately $ 463.3 million in its investment management accounts program on behalf of clients of its wealth management and trust services group. .
“We appreciate the trust our high net worth clients continue to place in us as we address their unique investment management and custody needs,” said David White, CEO of First Command Bank. “We are committed to providing our customers with the highest level of service and advice.”
First Command Financial Services, Inc. provides financial planning, AMS and other investment advisory services to individuals and entities. Managed accounts and mutual fund assets traded by World-class brokerage services totaled approximately $ 35.9 billion as of December 31, 2020.
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 which include checking and savings accounts, certificates of deposit, auto loans, secured and unsecured personal loans, debt consolidation loans, credit and debit cards and online. banking services. The commercial banking products and services offered by First Command Bank include commercial chequing accounts, money market savings accounts, commercial loans, business credit and debit cards, and online banking. First Command Bank’s assets totaled approximately $ 964 million as of December 31, 2020.
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First Command Financial Services and its subsidiaries, including First Command Brokerage Services, First Command Advisory Services, and First Command Bank, support our nation’s military families in their quest for financial security. Since 1958, First Command Financial Advisors have shaped positive financial behaviors through face-to-face coaching with hundreds of thousands of client families.
© 2021 First Command Financial Services, Inc. is the parent company of First Command Brokerage Services, Inc. (member SIPC, FINRA), First Command Advisory Services, Inc., First Command Insurance Services, Inc. and First Command Bank. Securities products and brokerage services are provided by First Command Brokerage Services, Inc., a brokerage firm. Financial planning and investment advisory services are provided by First Command Advisory Services, Inc., an investment advisor. Insurance products and services are provided by First Command Insurance Services, Inc. Banking products and services are provided by First Command Bank (member FDIC). Securities are not FDIC insured, have no bank guarantees, and may lose value. A financial plan alone cannot guarantee that retirement or other financial goals will be met. First Command Financial Services, Inc. and its related entities are not affiliated with, licensed to sell, or represent on behalf of or otherwise endorsed by federal employee benefit programs referenced by the US government or the US military.