FORT WORTH, Texas – First Command Financial Services, Inc. announced today that its Asset Management Services (AMS) program and banking affiliate closed out the first quarter of 2018 holding approximately $2.3 billion in marketable securities.
According to its Form 13F filings with the Securities and Exchange Commission, First Command held approximately 25.6 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 March 31. The bulk of these investments were managed on behalf of clients of the company's AMS program, which held approximately 19.7 million shares valued at $2.1 billion.
“First Command's team of professional investment managers are providing clients with personal attention through a single, easy-to-monitor program based on proven financial principles,” said First Command's Chief Investment Officer John Weitzer. “The AMS program is designed to align with the goals of the client's financial plan. Our knowledgeable, experienced professionals follow a proven process, earning 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 5.9 million shares valued at $185 million on behalf of the clients of its Wealth Management & Trust Services Group.
“These latest quarterly numbers underscore the trust that our high net worth clients continue to place in us,” said David White, president of First Command Bank. “We are proud to serve the investment management and custodial needs of our valued clients, and 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 Bank and First Command Financial Planning, assist American families in their efforts to build wealth, reduce debt and pursue their lifetime financial goals and dreams—focusing on consumer behavior as the first and most powerful determinant of results. Through knowledgeable advice and coaching of the financial behaviors conducive to success, First Command Financial Advisors have built trustworthy, lasting relationships with hundreds of thousands of client families since 1958.
Contact: Mark Leach
Media Relations
817‐569‐2419
msleach@firstcommand.com
www.firstcommand.com