First Command Advisory Services

Registered investment adviser · Fort Worth, TX · CRD #281958

Form ADV data as of 2026-09-01

Regulatory assets

$24.43 billion

Total accounts

113,591

Employees

1,787

Disclosure events

Firm details

Website: https://www.youtube.com/user/firstcommandchannel
Telephone: 817-731-8621
SEC file number: 801-56942
Most recent Form ADV filing: 2026-07-21
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 4 disclosure questions answered Yes, covering 6 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
A self-regulatory organization found a violation of its rules
A self-regulatory organization expelled, suspended, barred, or restricted the firm

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$24.43 billion
Non-discretionary regulatory assets under management	$0
Total regulatory assets under management	$24.43 billion
Discretionary accounts	113,591
Non-discretionary accounts	0
Total accounts	113,591
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	1,787
Employees performing investment advisory functions (including research)	1,155
Employees who are registered representatives of a broker-dealer	1,232
Employees registered as investment adviser representatives with a state	1,155
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	1,207
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$21.08 billion
Clients for whom the firm has custody	69,312
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	1

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businesses

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Banking or thrift institutionInsurance company or agency

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	109,659	$20.10 billion
High net worth individuals	3,852	$4.27 billion
Pension and profit sharing plans (not the participants or government plans)	4	$2.9 million
Charitable organizations	27	$5.2 million
Corporations or other businesses not listed above	49	$50.8 million