FORT WORTH, Texas – First Command Financial Services, Inc. announced today that the Asset Management Solutions (AMS) program and the Investment Management Account program closed out the fourth quarter of 2018 holding approximately $2.7 billion in marketable securities.
According to its Form 13F filings with the Securities and Exchange Commission, First Command held approximately 41.7 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 Dec. 31. The bulk of these investments were managed on behalf of clients of First Command Advisory Services, Inc.’s AMS program, which held approximately 35.3 million shares valued at about $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 based on time-tested financial principles. Our knowledgeable, experienced professionals are committed to 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 6.4 million shares valued at about $193.8 million in its Investment Management Account program on behalf of the clients of its Wealth Management & Trust Services Group.
“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,” said David White, president of First Command Bank. “These latest quarterly numbers underscore the trust that our high net worth clients continue to place in us as we strive to provide the highest level of service and advice.”
First Command Financial Services, Inc. offers financial planning services, AMS and other investment advisory services to individuals and entities. Managed accounts and mutual fund assets brokered by First Command Financial Planning totaled approximately $27.2 billion as of Dec. 31, 2018.
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 $779 million as of Dec. 31, 2018.