AdvisorCensus / Financial advisors / Texas / Dallas / First Command Advisory Services
First Command Advisory Services is an SEC-registered investment advisory firm in Fort Worth, TX, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 21, 2026.
Quick answers
From the filingHow is First Command Advisory Services compensated?
On its Form ADV (Item 5.E, October 2026), First Command Advisory Services reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
Where is First Command Advisory Services located?
First Command Advisory Services' principal office is in Fort Worth, TX, according to its Form ADV; the August 2026 filing also lists 24 other offices (Schedule D, Section 1.F).
Is First Command Advisory Services registered with the SEC or a state?
First Command Advisory Services is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 281958.
How much does First Command Advisory Services manage?
First Command Advisory Services reports $24,429,418,155 in regulatory assets under management in its Form ADV filing dated July 21, 2026 (100% discretionary).
How have First Command Advisory Services' assets and staff changed since 2021?
In the Form ADV data for First Command Advisory Services: Regulatory assets under management: $14,684,871,490 in the October 2021 data and $24,429,418,155 in the October 2026 data, up 66%. Total employees: 1,450 in October 2021 and 1,787 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does First Command Advisory Services serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (109,659); high net worth individuals (3,852); corporations or other businesses not listed above (49).
Does First Command Advisory Services report any disciplinary disclosures?
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), 11.E(2) (self-regulatory organization's finding of a rule violation), and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/281958
What changed in First Command Advisory Services' recent Form ADV filings?
In the August 2026 filing data: Item 11 disclosure answers changed: 4 yes answers, previously 6 (now no: 11.A(2), 11.D(1)).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated June 24, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$24,429,418,155 as of October 2026, filing dated July 21, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2005 (21 years)
- Employees
- Total: 1,787. Performing investment advisory functions: 1,155.
- Wrap fee program participation
- Yes.
- Other offices (Schedule D, Section 1.F)
-
24 other offices, as of the August 2026 filing
- States registered or notice-filed
-
52 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 114 Reports 4 disclosure items on Form ADV Item 11. View on IAPD.
Questions answered yes on this filing
Regulatory matters Items 11.C to 11.G
- 11.D(2) Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4) In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.E(2) Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.E(4) Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?
Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $24,429,418,155 | 1,787 | July 21, 2026 |
| October 2025 | $22,090,760,499 | 1,787 | July 30, 2025 |
| October 2024 | $17,481,650,839 | 1,625 | September 13, 2024 |
| October 2023 | $15,724,966,760 | 1,526 | August 15, 2023 |
| October 2022 | $18,868,933,068 | 1,526 | September 22, 2022 |
| October 2021 | $14,684,871,490 | 1,450 | June 21, 2021 |
Regulatory assets under management: $14,684,871,490 in the October 2021 data and $24,429,418,155 in the October 2026 data, up 66%.
Total employees: 1,450 in October 2021 and 1,787 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- August 2026
- Item 11 disclosure answers changed: 4 yes answers, previously 6 (now no: 11.A(2), 11.D(1)).
- April 2026
- Item 11 disclosure answers changed: 6 yes answers, previously 5 (now yes: 11.A(2)).
- January 2026
- Regulatory assets under management went from $22,090,760,499 to $24,429,418,155 (+11%).
- December 2025
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. First Command Advisory Services (CRD 281958): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/first-command-advisory-services-fort-worth-tx-281958