FINANCIAL COACHING

Common Financial Planning Questions

What can a Financial Advisor do for me?

Your First Command Financial Advisor will take the time to get to know you and understand what’s important to you. To help you identify meaningful goals that reflect your values. To work with you hands-on to develop a financial plan you’re comfortable with. And then to follow through – making adjustments along the way to ensure that your plan keeps pace with life’s inevitable changes: relocation, job status, a changing family, unexpected events or evolving priorities.

How do Financial Advisors get paid, and how much will this cost me?

Advisors may receive commissions, bonuses or other compensation based on the sale of securities or insurance, including distribution or service fees from the sale of mutual funds. They may receive a fee for personalized investment advisory services and financial planning services provided through our Tailored Professional Services program. And they may also receive compensation from First Command Bank, in recognition of their efforts to promote banking relationships. We recognize that there is a potential for conflict of interest when offering investment advisory services while also being compensated for the sale of securities, insurance and banking products. With this in mind, First Command maintains policies and procedures to ensure that any recommendations made to you are in your best interests and consistent with First Command’s fiduciary standards. For details regarding fees, please see the Fees and Compensation section on page 5 of our Description of Services brochure.

Why should I consult with a Financial Advisor, when I can use a financial planning app instead?

Online “Robo-advisor” tools promise to provide quick and inexpensive portfolio management services. But military families face life events and decisions that are too important to leave to an online tool. Achieving long-term financial security involves a lot more than the creation of an effective investment strategy. By providing face-to-face coaching, Financial Advisors can help their clients build successful financial behaviors, combat consumer temptations, and experience the confidence and security that comes through successful goal setting, budgeting, and risk management.