World Financial Group/WFG Online

Anonymous   Location unknown

7:21pm on Friday, March 19th, 2010

I have a question for all of you. Are ANY of you licensed?

Rider   Il

2:41pm on Tuesday, March 9th, 2010 

Its nothing more than a marketing firm that happens to have registered reps. Its NOT a financial services firm. How many of the reps are full-time?

Probably in the area of 1000.

Would you take advice from a man or woman telling you how to improve your insurance position who also happens to be doing something else during the day? Im a plumber during the day,,,but do this to get some extra cash....ohhh and by the way-- have you considered a career change? maybe you should come work for WFG.

From any industry services journal WFG is not listed as a major player in the Financial Services arena.. How can that be with 14,000 so called reps????

LPL, WFC, ING, RBS, UBS, NYLife, MetLife, all are ranked higher. Its because WFG is nothing more than a gloried advertising channel for the parent company. Since it has people SELLING its goods it needs to have them "registered".

Theres nothing wrong for you to think that WFG is not a legit company. IT IS LEGIT, but dont think your in the same class or league as a professional financial adviser when you work for WFG.

God   Heaven

1:05am on Saturday, February 27th, 2010 

Listen up you twits, I am your Lord, GOD. I don't like life insurance, because...I don't. Don't get involved w/ any company that will pay you money. Work for free, I command it!

Haley   Utah

1:23pm on Thursday, February 11th, 2010 

I went to the meeting yesterday and watched the powerpoint and everything, then I would have had my interview at 2:00 today. After reading all the reviews, which 98% of them were bad, I decided to not go to the interview, called up the random guy who I didn't know that wanted to recruit me, and told him i wasn't interested. Good thing the reviews were here so I knew what I was getting into.

Kurt   Los Angeles

9:15pm on Wednesday, February 3rd, 2010 

The only thing Private Private got right was a CFP needs a College Degree and does need to be licensed by the SEC(FINRA),they do NOT need to work for a wirehouse- ever and they do not need 5 years at an insurance company. Check CFP Board on google, it will show cfp.net, click on Become a CFP - all you need is a 4 year degree , it could be in Art, or Psychology or Finance.

Ask yourself this, WFG has zero loyalty to any product provider- they sell the best thing for the client, if you go to Allstate they sell only Allstate or Farmers,or Primerica(only CitiBank owned products, SmithBarney etc).

What you need to do is read Missed Fortune 101, so you understand how rich people use a VUL or EIUL, there are two "buckets" or places where your money goes in a VUL/EIUL , one is insurance cost (the insurance bucket), the other is the investments (investment bucket). Don't buy to much insurance, buy a policy for $50k instead of $500k and FILL UP THE INVESTMENT bucket. Buy a term policy for 30 or 40 years to fulfill your insurance needs.

WFG- sells PacLife, Fidelity, WRL, etc etc etc

educate yourself. And WFG is a good place to start, but take no one's word for this.

"Private Private
8:15pm on Monday, November 2nd, 2009

"A word of advice. When it comes to your financial well being, work with a professional. A professional financial planner is a CFP (certified financial planner), has a series 7 and 63 license, has an insurance license, a bachelors degree, 10 yrs of investment experience working for a wire house and has worked for a large insurance company for at least 5 years. Don’t settle for anything less. And go with someone who does fee-based financial planning and the option of either fee based or commission based asset management. Look at UMA before ETS and ETFs before mutual funds. Stay away from stocks. Most non-professionals only do well in an up market. Follow my advice and you will avoid a lot (but not all) of people who are just out to make a buck off you. Best of luck!""

Jesse   Fairfield

3:33pm on Wednesday, February 3rd, 2010 

I wanted to post here to let people know about this business. I have no affiliation with them or any other financial firm for that matter. This is simply an unbiased opinion based off my own personal research and experience with them.

I am an average middle class American with an education and a curiosity for finding the truth!
My wife was recently approached by a member of WFG (world financial group). She has gone to the meetings, paid her OWN fees and she even coerced me into sitting through one of their extensive "training sessions" which I was told would benefit my wifes progress.

Upon looking around the office, no degree was proudly displayed (what college grad doesn't want this displayed?) nor where there any licenses displayed indicating some form of extensive formal training.

Bottom line is, these people are no more than uneducated used-car salesmen (sorry if I offend any car salesman!) If you trust your life savings with someone of this caliber, or lack thereof, please by all means invest your life savings with them, I on the otherhand will kindly oblige! They pressure you into buying what is known as EIUL (equity induced universal life insurance). The reason for this is because this pays the highest commission...dahhh! Furthermore, they will also tell you that you are not smart for having a conventional mortgage and that you should swap over to a subprime interest-only loan backed by them--might I add the very ones that helped to create the housing crisis we are in!

This is not intended to be a bashing session; however, I want people to be aware! Do not trust your hard earned money with people that are uneducated, working for commissions and that DO NOT care about your financial future. Do the research on the business, the numerous complaints and lawsuits speak for themselves!

Little word of advice--educate yourselves and invest your money the way you see fit! The internet has all the information you need to become a savvy investor! Stop paying idiots to do something you can do yourself!

sg   USA

3:57pm on Tuesday, February 2nd, 2010 

Many of the comments are given from a point of frustration and simply not knowing the facts.

Having been an agent for many years I can say that WFG is not MLM. It does have some similarities but by law it is not an MLM.

It is a different model for financial services. Compensation is earned by commission and there are various levels of compensation which is no different than an Allstate or State Farm company.

Local agents are compensated at different rates as are district, regional, etc levels of operation. All share in the generation of premium and are compensated accordingly.

So enough of the stupid chatter that WFG or Primerica are MLMs. They operate under the same regulations as any other insurance or financial services company regulated by your state or gov't entity.

They do market their products differently and if you have a complaint about that then you have every right to do so.

I received good training during my tenure at WFG and worked with some great people. The problem is that you have a company that has a lot of products but in reality only a few are really trained on and promoted. And because of terrible market conditions many of these market driven products are cannabalizing themselves and the consumer is left holding the bag.

My complaint with WFG is that for most people it is not all what it is cracked up to be. A terrible amount of attrition and failure happens and for many people that try and fail...they feel abused. For that I am sorry, I really worked hard to train my agents in product knowledge and how to properly disclose the products and their use as a financial vehicle.

For those that are contemplating purchasing a product...know the difference between saving and investing. It is not necessary to risk all of your money in the 'market'. Investigate the tax benefits of using cash value life insurance, it is true, and learn to save and possibly risk some of your investment in the market, but not all of it. Always be aware of fees.

I would highly recommend people to read "A Path to Financial Peace of Mind" by Dwayne Burnell or visit infinitebanking to learn some time tested ways to save. For many years I disparaged the use of whole life insurance due to my ignorance and WFG ways. Today I have my experience to help my clients even more.

My two cents worth.

Private   Private

8:15pm on Monday, November 2nd, 2009 

A word of advice. When it comes to your financial well being, work with a professional. A professional financial planner is a CFP (certified financial planner), has a series 7 and 63 license, has an insurance license, a bachelors degree, 10 yrs of investment experience working for a wire house and has worked for a large insurance company for at least 5 years. Don’t settle for anything less. And go with someone who does fee-based financial planning and the option of either fee based or commission based asset management. Look at UMA before ETS and ETFs before mutual funds. Stay away from stocks. Most non-professionals only do well in an up market. Follow my advice and you will avoid a lot (but not all) of people who are just out to make a buck off you. Best of luck!

awj   california

5:56am on Sunday, October 18th, 2009 

I was worked in WFG almost 2 years. I believe WFG can change my life, can help my dream come true before. BUT it is WRONG.
It is MLM company, i believe recruit is not a problem, and the product provide with WFG is good not bad, HOWEVER the agent from WFG to Sell is a problem, they don't tell the true to the client. whatever they like to said just they want close the case at the end. whatever they like to said just want you to Join. They don't know the underwriting for the product, and all the things, they just lied the client.
WhAt the help with WFG,i don't think so it can help people dream come true, change people 's life. It help people lose the money, you will get poor when you JOin WFG. $100 to Join WFG not a problem, But After you join WFG you will Paid a lot of money for the Crazy things, then you don't get any income, WHen you join WFG, it don't let you make money, It will cost you a lot of money. They just tell you what they think, but it isn't by law.
PLEASE DON'T JOIN WFG. YOU WILLN'T GET INCOME YOU JUST LOSE YOU MONEY IN WFG. WFG IS SCAMS.

Bruce   Edmonton

3:00pm on Tuesday, October 13th, 2009 

While WFG is not a "scam" in the illegal sense (though several law firms and regulatory boards have made claims against WFG reps for illegal activity), WFG is a poorly regulated MLM business. MLM should not be mixed with the financial industry.

The vast majority of agents have no post-secondary education or experience in finance, and the products WFG offers are limited, and are not the best products out on the market.

If you want better products or advice, go to firms with better product selection, better employee screening, higher standards, and better reputations.

WFG is the bottom of the barrel, given all the selection out there, IMO.

John Pham   San Diego

11:37pm on Monday, October 12th, 2009 

WFG/WMA is not a scam. They're just being unethical about their products. Most of their agents are not educated,and money hungry. They only care about themselves. I used to be with them 12 years ago, when they are still WMA. TUAN LE is my MD.. Please do not....I mean Do not associated with any type of business with them or their agents.... I was taught to ripped customers off by them, I can't sleep at night, that's why I left the company..

ME, MYSELF & I   ORANGE, CA

3:06am on Sunday, September 27th, 2009 

A closed mind will keep you poor. A open mind can make you rich. Generations of bad habits and following the same road everyone else travels on will make your next generations poorer than you. If you are wanting to break out of that cycle and travel on the road less traveled on than WFG can make sense. If you think like an employer rather than an employee then WFG will make all the difference.

MYAJ   Sacramento

12:46am on Sunday, September 20th, 2009

I have been pretty entertained with all these remarks about World Financial Group aka WFG. As a researcher, I suggests that people go to credible sources when making an informed decision rather than looking for someone's advice on the internet. First of all, every company recruits! the top recruiting company is the Army. Secondly, as for addressing the issue of it being a pyramid, every company is built on a pyramid structure with your common President, Vice president, Managers then workers etc. Only difference is, in the corporate world, there can only be one of each but many workers. Thirdly, the issue of WFG being a scam, It is only a scam to those who fail because they have scammed themselves into trying to make quick money but did not succeed. MLM's are made for people who have ambition, perseverance and strong mindsets. Sadly, majority of the middle class working families who like to stay in a "job" cannot understand such concepts. In any business besides a "job" there are overhead costs first before reaping the rewards. Some people have expressed that they lost thousands of dollars and did not receive anything. Well, welcome to the real world of business! No business is guaranteed. Most businesses lose more than what they make and some end up closing before they are even able to make back their overhead cost. I am just amazed that people have time to come on the internet to bicker about something they have failed in. My word of adivce is, instead of trying to ruin something good for people, please go and channel your energy into something positive for yourselves. I hope that this will help clear up a lot of things for people who are looking to the commentaries on the internet for advice. One last comment for those who do not have common sense.... if you read a comment that says negative things about WFG but mentions the word Primerica then most likely that person is a Primerica agent who is trying to demote his/her competitor. If you read anything negative about WFG but at the end, tries to promote something "better" then they are trying to demote their competitor by promting themself on-line. Again, these are common sense but for those of you who might not realize it, I just thought I point it out. This will save you a lot of time from reading negative things that were put on here by people. Also, remember that when people feel threaten about their biggest competitor regardless of what company it is, there will be negative things about them.

Erin   Utah

2:41pm on Thursday, September 17th, 2009 

Not a scam but terrible people and bad information. Just out of college my wife and I thought we'd plan for the future. My father knew someone at his work who was a WFG agent and invited us to a meeting where a senior sales agent (Andrew Wellner, Orem UT) and his recruit told us of the wonders of the variable life insurance product. We sat there for 2 hours asking questions and they assured us that we could withdraw principal contributions after a year at no cost and made other promises about the product(we later found were untrue or misconstrued).

After about a year and us better understanding what we had got ourselves into and actually getting hold of a prospectus (not given to us at the time we invested) I complained to Western Reserve Life about the misinformation the senior sales agent had given us. WRL contacted the sales agent who claimed he had never met us and sent us a letter disregarding our complaints and concerns. Needless to say we stopped making payments and have let the policy lapse.

We lost about $3,500 which I consider a small amount to pay for a hard lesson learned. I would never recommend WFG or WRL as they are uneducated about what they sell and give poor customer service. I would recommend getting a subscription to Kiplinger’s magazine, you will get more out of reading that than anyone at WFG could ever offer you.

Darek   Bartow, FL

1:12pm on Wednesday, September 2nd, 2009 

Does anyone on here know what a "pyramid scheme" is? First off let me tell you that it is illegal. If you have a television, you know that the financial industry is currently one of the most highly regulated in the world. A pyramid scheme is when you get paid for getting a recruit. At WFG, you do not make one cent off of a recruit just for getting a recruit. A company that hires a 1099 employee does not make any money off of them until they render a service that pays them or compensates them in some way. What's the difference? If someone recruits someone and they do nothing, neither one gets paid. If they actually take the time to learn the system and produce, they both make money. Sound like a scam? hmmmm. Also, I read where you have to recruit to make $ with WFG, this is also untrue. You can go out and write business and never recruit a soul, ever. Not only that but you can make an excellent living doing only that. As a business owner though, doesn't it make more sense to build a team and grow your business? Or is that bad too? McDonalds expands their business and hires people to "make money off of them" yet I'd be willing to bet that pretty much everyone on here patronizes them. If you choose to believe that this is a scam, fine you have the right to remain ignorant. I'd recommend going to a credible source such as FINRA and the Securities and Exchange Commission. If these governing bodies allow them to operate, ask yourself, Are you smarter than them and the 400+ (i.e. Prudential, Pacific Life, Meryl Lynch, JP Morgan,etc. (heard of these before?)) other companies that have WFG at the heart of their company strategies? By the way, if you don't like their business model and think it's a scam than you should cancel your subscriptions with Facebook, MySpace, DirecTv, Verizon, etc. Oh, Google is coming out with a Network Marketing "scam"...Google it

deisy   salinas

8:25pm on Saturday, August 29th, 2009 

wfg is not a scam!!!!... and for those people who are sayn its a scam you think you know everything about it all you probably know is rumors.. everything you do in this world you have to work for it really hard if you want to be someone in life!! duh!!.. life isnt easy!!... im currently working for them and love it!!! you learn so much that people out there need to know about it to!!

Leo 007 Ex- Agent   Los Angeles

2:31pm on Saturday, August 29th, 2009 

Note: what you are about to read is my opinion and what I have experienced.

WFG is not a Scam….. It is a real business, but a different type of business. Only way to make it in this company is to recruit, recruit and recruit. If you don’t like or want to recruit this is not the business for you.

Been in the business for years, but finally left after I hit and ran into the reality wall. Was recruited by a friend that asked me for his help… sounds familiar? When I started I got all license, 6, 63, and Life to find out that a new product came out call EIUL and all you need is Life license. This was the beginning of the end. To start, you do have to recruit, that’s the only way you can really sell other than to your friends and family. Hence your real market is Friends, Family, and new Recruits. I have seen only a few who were new that can sell out of their hot or warm market.
The company offers a great chance for people to get into the insurance / financial field, but it’s a double edge sword. Most people and new recruit has zero to no real knowledge or experience along with the people that are training them. Scary part is that they are one trying to teach people about finance. As long as you can sign your name and pay for the sign up fee, you are now part of the company. So if you can walk, talk and breathe you’re in. Don’t get me wrong, there are a lot of nice people in the company with big hearts, dreams and do educate/help people to some extent. Some of them actually know what they are talking about (about 5% out whole company...mostly old timers).

That’s was my two cents, here’s the meat….the number one product they sell is EIUL. Doesn’t matter what the customer want or can really afford my upline and MD always press for the EIUL. EIUL is like a Swiss army knife, it’s a saving account, retirement account, loan account, and life insurance. All day long the company says to push for EIUL, EIUL, and EIUL. That’s the only product that a new person can really sell and make money since all they have is life license. I started to loss confidence and most importantly heart into the company. I came in to learn about financial services not to become an one product sales person. I go to the meetings, same thing over and over again. Only way to make it big in this company is to recruit a lot of people. I gave my 100%, showed up to all the meetings and small/big conventions. Introduce and meet up with my friends and family until the well dried up. Recruited people to have them drop like flies because my upline and MD didn’t really know how to train and retain them. So those stopped me from recruiting and focus on the financial products. Finally the company just left me alone got to the point that I was just a PMA= professional meeting attendee and a place to hang my license. I got let go due to lack of production on the securities side.

Story has an upside….. I took what I learn and applied it to different part of industry. What I am doing now, I have a real chance on opening my own office as a broker. So do I regret joining the company? No, only regret is that I didn’t get out early

LEO

Former Agent   Utah

3:13am on Friday, August 28th, 2009 

I was an agent for WFG for almost a year and dumped around $2,000 never making a penny. I went on appointments all the time with my up line but he wasn't able to close deals and even when he sent his up line. I did have two deals go through though before I got my license. One of them was my sister-in-law because she trusted me but later canceled it because it was way too expensive. The other was to a friend of my mom he didn't speak very good English. I was in a hurry to get my license before the last deal went through so I could make some money but my up line’s up line went behind my back and closed the deal days before I received my license. I asked my up line about it but he just talked his way around it.
The whole time I was there I tried to follow their guidelines and be "coachable" even when my gut told me not to trust them. I always gave them the benefit of the doubt even when they were acting very suspicious about question others and I had. I kept telling myself to believe them but finally I couldn’t take it. They really do try to brainwash you into believing what they want you to believe. Going to their training meetings and convention brainwashed me for a while. There are many red flags about this company and if you bring it to them you can tell something is wrong and that is how I finally snapped out of their brainwash.
There is a lot of information they don’t tell you until you stumble upon it. My up line spent the majority of the time getting me to recruit by; talking to friends and family, calling randomly, and even going to stores and cornering people. We almost got kicked out of a Wal-Mart because we had gone there so many times hitting up workers and customers which is bad practice. I was told in meetings that certain types of insurance policies were better because it paid more money. This policy was an EIUL. They said that they want us new recruits to make money fast because the beginning is the toughest and this policy would benefit us more financially. They would talk about figuring out what the best vehicle for each person is but then turn around and press us to do EIUL’s.
I got into this business with an EIUL and regret doing it. I didn’t do my homework and was duped. After becoming more educated and having someone point out the increasing cost to insure an EIUL I went to my up line. He asked him why it is beneficial to have a policy at that age costing me thousands of dollars to insure. It does help build your investment over time but by the time you old it is way too expensive to keep. I also added that many of the clients that have had EIUL’s for many years have had them lapse because it was too expensive. They also talked me into this policy saying that the money is mine. Every appointment and meeting they said the money was mine but if you read the policy it states that it is given in loans. I expected my up line to have a good explanation for all this but ended up getting talked around with useless explanations that didn’t make sense. He was really scrambling to come up with something and was very nervous. This was the final straw that told me I couldn’t trust these guys anymore. How can I sell or recruit friends and family with people I can’t trust.
I have read other comments mentioning these same things including the heavy push of EIUL’s. I would go to an appointment where term life insurance made more since with a Roth IRA investment plan because of the client’s low budget, but my up line would still push for an EIUL. When I was more educated I started asking them about doing the term life and Roth and sometimes they would try it but after saying that they don’t pay as well. The deal I mentioned earlier with the friend of my mom was only done because they finally resorted to doing the term and Roth. This only came after the women was being pursued by Primerica. My up line pushed for an EIUL but the agent from Primerica convinced her that a term life and Roth was better for her situation. My up line then conceded and admitted that it was better for her only because it was the only way to beat out the competition and get her business.
I could go on all day about my experiences with WFG but the bottom line is that they can’t be trusted plain and simple. They may be backed by AEGON but only because they are profitable and although a multi level marketing scheme they are legal. That is when they aren’t hiding complaints and losing nearly $2 million in unregistered investments. They can make up all the excuses they want but just because they change their name from WMA to WFG doesn’t mean they aren’t responsible for the poor business practice. You can stick it out, work your butt off, lie to people, and go against what you believe and you might make a lot of money for WFG. For me I couldn’t do it anymore. I’m glad I stayed in school and now I can make an honest living.

Araceli K   Las Vegas NV

2:05am on Sunday, August 23rd, 2009 

I just started with WFG a month ago and I think that it's a great company, but like any other business we all have to start from the bottom but since i got laid off from my previous job I was just home and before I get more depress I rather ocupy my mind somewhere else So I decided to give me the opportunity of building my own business.
See how it goes.
Good Luck to all of you!
God Bless you

Anthony Q.   Los Angeles, CA

10:02pm on Friday, August 21st, 2009 

I understand that WFG and Primerica are of the same mold (MLM; investment products; insurance) however I do not agree that the training and education WGF provides their new recruits is good enough to work with everyday consumers. I have been in the financial business for a long time and was turned off by the recruiting process and how they push their people to sell.

I was asked and asked and asked and asked and asked to go to a meeting so I finally gave in and went. After spending some time asking questions of the associates I found that majority of the associates had little to no background in financial services except for at WFG. I found that most people have been in the business for less than 5 years and would not divulge and specific information regarding their policies, products or education. I also found that most WFG associates sell their products to minority groups who may not speak much English if at all. It made me feel as if they were taking advantage of the lower income consumer. I feel this way because the lower income consumer most likely does not know much about the products the associates sell which makes the presentation easier for the associate because there are less objections and when they do have objections they are of simple nature. I wonder if the average WFG associate could sell an insurance product to another financial adviser from an established firm? I wouldnt think so only because the financial adviser from the established firm would run information circles around the average WFG associate as I did. However this is not the average WFG associates fault! It is WFG itself because they are not considering the moral responsibility to the consumers they should carry. WFG claims to care about its consumers but it is a facade. If WFG cared about its consumers they would make each and every associate pass extensive financial courses after they receive their product licenses because we all know that passing the state test or series 6 exam have nothing to do with real work activities.

WFG would not have such a bad reputation if it was to focus more on education than it does on recruitment.

Something to chew on: My WFG buddy tried to sell me a EIUL but could not explain the differences in policies, riders or companies. He could not handle my questions or objections but when I did the research for myself I found that his "up-line" had pressed a certain WRL product because it pays the most commission but provides me with less coverage for more money. Tell me, is that truly looking out for your consumer or is that trying to make a quick buck?

I do not know of any Ivy League or Pac-10 grads who work for WFG. I wonder why?

Lily Tran   Gold St.

11:06pm on Tuesday, August 11th, 2009 

Also For those who are saying oh wfg is a scam its bad well for your information try looking up Wells Fargo scam, or even your work and see if it scams people. One reason why so many of the people talks negatively of wfg is because they know they need something better than their jobs or why would you be looking into a different opportunity.

Lily Tran   San Jose Gold St.

10:48pm on Tuesday, August 11th, 2009 

Okay so lets get down to the whole point. For those who do not like wfg please just keep your comments to yourself. Every body has different reasons and I don't blame you. We are all adults so it feels like we are in high school all over again.

Lets get this straight! Aegon is a company that owns about 460 Billions in assets and been in business for 150 years. This company has been around longer than all of you! So face it, they know what they are doing, No company this big is going to be stupid and buy a company who is a scam or out their scamming people.

For those who are looking for products or programs from World Financial Group. Too bad we do not have any. Why? Because we are a broker. And for those who do not understand what a broker is there is dictionary.com. Please help yourself by looking that up.

Again, you will only succeed if you put your efforts into it. I see many people who want to go to heaven but do not want to die. For those who put in only $3000 dollars that is way too little. And secondly you do not understand what this company does yet if you only put out $3000. If you did put out $3000 and you did not make any money back man that is sad. you put out way more than your suppose too. And this is a "BUSINESS" not a get rich quick scheme. Please do not carry in your employee mindset into a business because your doing your self a disservice.

Thank you all for reading, hope this has answered your question. Another thing if you want to be successful, remember to listen to your coach no bench sitters who make no money because all they know how to do is sit there and talk.

Sincerely,
Lily Tran

SUSAN AGAIN   ATLANTA

12:57am on Tuesday, August 4th, 2009 

IF YOU ARE LAZY --- DO NOT JOIN WFG

it is not for everyone. but if you are a hard worker and you are coachable and very open minded - then this could be for you.

for all you dummys who keep calling WFG a scam ----- JUST SHUT UP ALREADY!! IF YOU WEREN'T SO LAZY IN THE FIRST PLACE THEN THINGS COULD OF BEEN GREAT FOR YOU BUT THE ONLY THING YOU KNOW HOW TO WORK HARD AT IS THAT DAMN MOUTH OF YOURS. ARGG!! ENOUGH ALREADY!!

Anna   los angeles

12:47pm on Friday, July 31st, 2009 

Do not believe it!!! My husband and I put $3000 at least in this company, but we didn't get a penny from them.

Gerry Yang   Sacramento

7:15pm on Thursday, July 30th, 2009 

Life is not easy and there's no short cut in order to succeed. Even in high school, not everyone graduates or succeeds...It's because they don't really want to. In college, not everyone finishes either, could you just call it a scam like this business? What about the ones that graduated? Would they call it a scam? In life, u have to go thru it and really want it in order to achieve it. Most importantly, u got to have the passion for it or else u will end up quitting and will not be able to see the beauty of it. Remember, whether it's WFG or other businesses out there or just going to school or life in general, it's not important how u start from the beginning it's more important how u finish it.....Therefore, scamming only exist in your life if u fail or not succeed. U got to give yourself more time to really push yourself over the hill to see the beauty of the business or whatever you're doing...and if still not see it then, it's probably not for you. Try something else...It's your mind that will create your success whether you're in WFG or any other businesses out there, alright!!!!!!!!!!

ELOY   ORANGE

1:32pm on Saturday, July 25th, 2009 

ONE SMART PERSON RECRUITS A GARDENER OR A MECHANIC(NOTHING WRONG WITH THESE TWO PROFESSIONS I WAS A MECHANIC AND A GARDENER SOMETIME IN MY LIFE), MAKE THEM WEAR A SUIT AND A BLACKBERRY, SELL THEM A DREAM ABOUT HELPING PEOPLE(AND THEIR POCKETS). GO TROUGH HIS FRIENDS AND PICK THE ONES WITH A GOOD JOB AND TELL THE NEW RECRUIT TO ASK THEM WITH HIS TRAINING, A GOOD FRIEND USUALLY DO WHATEVER IT TAKES TO HELP A FRIEND, SO HE ACCEPTS, AND THEN HE IS COOPERATING ALL HAPPY TO BE HELPING HIS FRIEND, WHAT HE DOES NOT KNOW IS THE GARDENER AND HIS "LEADER" ARE THINKING ABOUT HELPING THEMSELVES WITH THE COMMISSION OF THE SALE, USUALLY $6OO TO $1.200 GREEN USA DOLLARS, IS IT FAIR?, EVERYTHING IS HAPPINESS, THEY WILL TELL YOU LIES LIKE: WHAT A BEAUTIFUL FAMILY YOU HAVE, I LOVE YOUR HOUSE, YOU GUYS MAKE A NICE COUPLE, ETC.ETC., BUT WHEN YOU START TO SHOW NO INTEREST, THEN THEY GET MAD AND BECOME PUSHY.

FIND OUT BEFORE YOU JOIN OR ACQUIRE A PRODUCT!, READ ALL THE COMPLAINTS AND LISTEN TO THEM!, TOO MANY PEOPLE CAN NOT BE WRONG.

Jess   Pomona

1:43am on Thursday, July 23rd, 2009 

I keep hearing people refer to this as a scheme/scam/pyramid. First of all, this is a "business". Any business you must invest in it. If you open a McDonalds, Burger King etc... you need to put money up. And any franchise, you need to invest thousands in it first. This is not a job. Most of you people say that why should you have to pay to get a job, well you're right. If thats what you want, then go get a "job". Let some one tell you when to be at work, when to go home, when you can take a vacation and if they allow you to take time off to take your kids to the doctor.
Secondly, we work with reputable companies. We provide a service, which I may add, if you want to walk into a Payne Webber or a Bear Stearns, they won't want to talk with you if you don't have a quarter of a million dollars to invest with "them". The investment does not go with WFG. We are a "broker". Just like when you go get auto insurance or homeowners insurance.
Thirdly, recruiting is a choice, not mandatory. So if I want to go out like a real estate agent and work on my own production, then thats what I do. Just like I did when I did real estate. But I "choose" to "build" a business. This is a free country and if you don't want to join, then don't. It's that simple.
I do realize that not all people have what it takes to be their own boss, but for me, I refuse to be anyones "Robot". Most people need to be guided and told what to do. That dosent make this a "scam". It just makes good business sense.

Jeff   Las Vegas

4:58pm on Tuesday, July 14th, 2009 

I've seen the good and bad of this company. Educating the public on how money works is an admirable goal. However, the need to recruit and make commission often overshadows the educational goal, leaving many recruits feeling angry and cheated. It's not for everyone, and I would feel much better investing with someone who does not want to recruit me and simply loves what they are doing. Why would you invest with someone who does not seem as reputable as a professional who has been doing it for years - AND who actually has money so they know what they are teaching? Experience it but beware - there is usually no way to make money EASILY. If you are going to work hard, might as well do something you love. I don't know too many people who LOVE selling life insurance. Save it for the pros ....

Lucy   Riverside

4:41pm on Monday, July 13th, 2009 

WFG is a great business, but requires hard work and dedication its no get rich scheme and provides alot of training to their agents. I seen it with my own eyes how lifes have been changed, I personally know one of the ceo's and knew him when he had nothing. I am proud to know him. And please this company can't be compared to Primerica. Primaamerica eats WFG's dust.

anon   Los Angeles

8:30pm on Monday, July 6th, 2009 

Anytime a company has to go out and recruit like crazy and the company can not sell it self to possible candidates then something is really wrong. The people are brainwashed and I think its sad when people prey on the emotions of individuals who are going thru the thing we call LIFE. Life is not easy, but this company wants you to believe it is.

HStar   Los Angeles

8:27pm on Monday, July 6th, 2009 

I was influenced by a friend to get involved with the company and now I regret it big time.Sign #1 I should have known it was a scam when they asked for the $100 upfront fee (like mom says why do you have to pay for a job?) then they wanted me to drive to a far off location and not state the nature of the company to anyone who might ask. Sign #2 can't tell anyone the company info.Sign #3 they asked for more money and kept on trying to recruit people. I was like "when do you actually help the clients" all i wanted was some help. Pyramid scheme gone bad.

je   chicago

9:09pm on Thursday, June 25th, 2009 

I was in Wfg. It took me 3 years to see the light. WFG is not a scam. But, its not for everyone. I left bec even though the upper heads portray themselves as the great one, they still think with one head. And thats the head between the legs. Just take care of yourself and trust no one!!!

Chris   Huntington Beach

8:02pm on Saturday, June 13th, 2009 

If you have any intelligence whatsoever you can tell that these people who gave these negative reviews have no idea how business works.

How can WFG be a scam when it makes millions of dollars and everyone involved is so happy. Many of my friends are involved with WFG and they are multi-millionairs or at least making hundreds of thousands per year and they are honest people.

I don't understand why these idiots spend all this time thinking of ways to discredit this reputable firm.

How is recruiting people a scam, I don't understand.

Why is selling financial services a scam.

Is there some rule that you are not supposed to sell things to your friends and family?

If you beleive in a product or service, wouldn't you WANT to recomomend them to your family?

Haven't you ever recomended a good movie? Or a good store? - So when you do that are you pestering your friends and family.

These people are obviously morons.

XMarketingDirector   NorthCali

9:23pm on Tuesday, June 9th, 2009 

Please be careful, this WFG company is the reason why the financial market is getting a black eye. WFG does not build trust, it's a marketing company, they market a dream lifestyle that they themselves do not live, and they talk about priorities like faith and family, but they themselves cheat it. It is all to them "corporate theater" so don't get caught up on it.

leo   chicago

12:18am on Tuesday, May 26th, 2009 

WFG is a SCAM!
it is true that AEGEON is a reputable, high profile company. However, WFG is not.

Their recruiting technique is to emotionally appeal to new recruits. Think about it, humans react with emotion, so when WFG says something like 'work for yourself and plan out your own schedule and spend more time with your family' - well most people would want that.

WFG makes a whole lot of money through ''educational meetings/conventions'' that you have to PAY in order to attend. While youre there, you are supposed to bring new people to be recruited, and the cycle continues.

Their 'highly trained' agents are brainwashed into thinking that they can strike it rich, and most dont make money. So why do these agents stay? Well i presume to think that most of them are trying to get their money back that they spent by scamming new 'employees'. I mean think about it, you pay for books, two or three meetings a month(admissions is usually in the hundreds) , food for your 'potential clients', gas, etc.

A word to the wise: Entrepreneurship is about dreams and aspirations but it shouldnt be combined naive foolishness. If you look at all the successful entrpreneurs, they had to WORK their way up before striking it rich. how do i know this?

-i am a highly skilled auto mechanic (not joking)
i have worked at this shop for the past seven years and when the owner retired last year, i bought it from him. I then expanded the shop and before you know it, everyone wants to maintain their car instead of buying a new one due to the economy. We did over $400k in PROFITS last year, and myself and the crew only worked about 3 days a week. Ive had my experiences with wfg and i wont get into that.

CHICAGO RESIDENTS:
STAY AWAY FROM LORNA MALLARI
she is very unprofessional and has no clue what she is doing. She dresses up and tries to be a businesswoman and doesnt even know how to work her own blackberry. hell, she doesnt even know how to type an email.

brandon w   va beach

10:31am on Monday, May 4th, 2009 

ive had herd both sides and i will give this things a try and get back to you all. i will say Social Security is being funded by people who will never get back what they put into it. In fact, there will be people who will 'contribute' money into it and will not get a dime back. Some people who are eligible to receive Social Security Income have to pay a Social Security tax on Social Security Income. 100k in my Fidelity 401K that has lost 15% in the last year. No one would consider a college degree or a Fidelity 401k a scam I suppose. But based on many people's definition, it would be considered a scam. Let me ask a question. Do you think that Aegon which owns WFG, is worth over 400 billion dollars from collecting $100 backround check fees from potential associates? Let me ask another question. Do you think working to make another man or company richer is a scam? Cause the truth is no matter how hard you work for that company, they aint never gonna break you off a piece of the pie! Wfg gives "employees" the opportunity to be their own boss. Honestly, WFG is not for everyone. It's only for the people who are willing to work hard and fight for their dreams! P.S. I hope your boss don't catch you playing on the computer on company time. Get back to work!

Adrian   Nanaimo, BC

10:33pm on Saturday, April 25th, 2009 

I have my own successful business, a construction company. We do at least $300,000 a year in business. It's hard work. If you work at a regular job...THAT is technically a pyramid scheme. The Top Level People make the money, the people at the bottom make very little. Luckily, I'm the boss, I make the money, my workers make less, for more hard work. That business. Name ONE business where the new guy, at the bottom, makes more than the guy at the top, the boss. Everything is a pyramid. WFG is a highly regarded company in the industry. Call Franklin Templeton Inc. yourself (one of the largest financial companies)...or Transamerica.

Adrian   Nanaimo, BC

10:26pm on Saturday, April 25th, 2009

I've signed up for their training too. They give you formal training in obtaining your mortgages and securities licenses, sure it costs money...school costs money. They're not going to pay for your licenses. Sure they want you to "recruit" friends and family. Why wouldn't you tell your friends and family about something that could help them. Investing in the same things the banks do, without the banks help. Your taking the middle man out of the picture.

Tom   Virginia

5:33pm on Saturday, April 4th, 2009 

1) MLM programs arent for everyone. Its very hard work and most people do not have the mind set to do this. I've worked for many different companies (non-MLM) and was self employed for a while. I am not cut out for either one, YET.

2) Everyone sells in one form or another. When you go ask for a raise you have to "SELL" why you should get one. Its not a good feeling nor do most people do it well. ITS HARD WORK.

3) Everyone works for money whether they like to believe it or not. How much money do you actually keep? Not much. We are not taught at schools how to work with money or have money work for us.


Is this company a scam? I believe not. I understand about the background check and the $100. I went to the interview today. I loved it, but I also have a different mindset about money and work. I also love doing finances on my own. I am going to the second interview on monday. I will pay the $100 because I know myself that I spend more than $100 normally on junk food weekly. I think investing $100 in my background check will be good for me.

Not all MLM's are legitimate. The ones that are legitimate will teach you all the sales and life skills you will need to know to be successful in all aspects of your life. If you have the right mindset this will work for you. If you like working in the "E" part of the Cashflow Quadrant then by all means be the best "E" you can be. I like being both "B" and "I". That side of the quadrant is much harder, but the rewards are much higher too.


Last few thoughts...I owned a partnership business fail on me and lost $60,000 and 2 years of time. I also lost over $60,000 in the last 10 years on the stock market. This is from lack of education and experience. Now that I have the experience. I choose to pick up the education. This is a great opportunity to learn something new and exciting. Its not going to be easy, but losing $120,000 was not easy either. And for those that find losing $120,000 amusing, I do too. You only fail now to become great later. Thomas Edison failed 2000 times to perfect the light bulb. Everyone around the world knows what a light bulb is. I have only failed 2 major times. I will continue to fail until I succeed. This is one of the steps to succeeding. The question is how many times are you willing to fail? Everyone posting is right so I dont attack anyone. Everyone is different. Do what you do best and be the best at what you do.

JoeMo   Charlotte

1:08am on Thursday, April 2nd, 2009 

Heres my 2 cent. $100 for app fee shows that your serious. "Anyone can do it" moto, well yes, but you're going to need to be licensed. So doesn't that show enough that you at least know what you're doing? Insurance is just like Real Estate, as long as you have your license by passing a state test then you can sell. Doesn't mean you have to have a college degree does it? Not everyone is made for this business. Some feel better knowing that they are getting paid hourly. For me, I like to sell. Say you don't recruit and just sell life insurance policies all day. You can still make a couple hundred dollars for every policy sold.

YonSon   Atlanta

1:41pm on Monday, March 30th, 2009

All of these comments have been enlightening considering my second interview with WFG is scheduled for tomorrow. I've been grappling with skepticism all weekend long since attending the first meeting.

Though I am not totally incapable of being a good salesman, I can only sell things I am really passionate about. There is a tinge of dishonesty in some of WFG's practices which I simply can't dismiss.

I want to make good money but not at the expense of screwing someone else. I'm not going to the second interview.

gj   canada

11:52am on Wednesday, March 25th, 2009 

wfg is not a scam
its for real sales people.
if u cant sell, dont even bother signing up.
I know people making good money,
I also people making no money,
it all about sales sales sales.
...
by the way I'm not with wfg.
some of my friends doing it...

but its good to get educated about financial products, u can just go and study somewhere in a educational institution..

gj

Anonymous   Location unknown

5:00am on Wednesday, March 11th, 2009

lets b honest the business is not for everyone and i hate lying to people about they will be successful when all we are doing is just taking away their appointments for us associates to get money... sure possibly that new recruit will do something and get rich in WFG but reality is that they have a 97 percent chance of failing... the products are great but recruiting no thank you

WFG, Associate (Champion)   Anaheim, CA

4:18pm on Monday, March 9th, 2009 

Let's be honest with ourselves....
I would say all companies will always have some type of flaws. I would also say there will always be dishonest people in the world. However, WFG ALWAYS practices to take the clients in consideration because those who take advantage of clients will NEVER succeed in this business. What is the problem getting a license? Wouldn't you agree your hair stylist, manicurist, and the list goes on has a license to conduct business? Why would you expect anything different from a Financial Representative? You are licensed with the state meaning you can take that license anywhere, depending on the type of licensing. The next time you pay your car insurance, think about who is making money from that? Guess this would be considered a pyramid scheme as well. Better get rid of that car insurance agent because they are taking advantage of you!
Those who have not succeeded with WFG are those who are just to smart....You failed so instead of taking responsibility for your own failure, you point the blame elsewhere. If you were to make money right away then I would be a bit skeptical but this takes hard work, dedication, a positive mind, and determination. This is not a get rich scheme this is a business. I have never seen a business take off right away, have you? My family was more important to me than all the negativity that surrounded me. I thank GOD I went with my better judgment and continue to grow with WFG.

Stop looking for an easy way to succeed in life and don't be afraid to work hard...NO EXCUSES.

Anonymous   Location unknown

5:12am on Saturday, March 7th, 2009

why recruit a man who has no education?? because possibly that man didnt have the opportunity to be educated and therefore minimizes the possibilities of making money... u never know that person that looks no gud for anything could actually be good and they will be really greatful if they make a lot of money

Anonymous   Orange County

3:08pm on Wednesday, March 4th, 2009 

A friend of mine asked me to come check out WFG since I was interested in the financial services industry. I have a 4 year degree from UCLA. When I went to the "interview" they didn't even ask to see my resume, which was the 1st doubt that came into my mind. I paid the $100 (background check, which I think was bogus since I have a felony on my record and I still got the "job") since it was my friend that referred me and I trusted him. Then I was asked to go to a training seminar. I saw the presentation video and like other pyramid/mlm schemes the video was a hype presentation. That was doubt #2. The training was more along the lines of getting the associates pumped up. What completely made me pick up and pack up was when I asked how they market and recruit clients. Every time I asked that question it was switched around by me trying to recruit a Joe Schmo to work for WFG. Maybe its my ego but why would a well educated man like myself want to recruit a bag boy at the local grocery store to work for me? WFG is definitely not a scam, but it is NOT what you think you are getting into.

sgvbuster   San Gabriel California

11:19pm on Monday, March 2nd, 2009 

If you actually do research, the only thing that keeps most multi-level marketing companies from being illegal is that they have products to sell in order to make money. If they have no products to sell, then it is an illegal pyramid scheme. The difference between a pyramid scheme and a ponzi scheme: Ponzi scheme one individual benefits and gets all the money!! A Multi-Level Marketing Company is actually a revised pyramid schemse that consists of many different levels of mini ponzi schemes = hence multi-level marketing!!! Every level benefits but whom ever started that company gets most of the money! So you get to be your own Bernie Madoff!! But a multi-level marketing company or pyramid scheme is doomed to fail because you will eventually run out of people to recruit. While a Ponzi scheme you could get the same people to reinvest into your scheme and keep it running until you get caught!! In both organizations you are motivated to prey on good people, desperate people, and people you trust!

Anonymous   Location unknown

12:49am on Monday, March 2nd, 2009

first of all... ur stupid 2 questions are out of place!! look at the f**ing market!! oviously its not going to give u anything if ur on a variable product!

Bill   California

11:40pm on Saturday, February 28th, 2009

I forgot to say, if you can't even afford a $100 upfront charge or a few hundred to become licensed you sure aren't qualified to tell anyone else how to manage their finances and should be asking them to help you. LOL

Bill   California

11:37pm on Saturday, February 28th, 2009 

I'm looking into signing up part time. With our miserable economy I don't think any full time job is safe anymore. Why not have a full time job and a part time job that could grow or cover you in case you lose your primary job. I've got all the damn degrees and what do I really have, tons of student loans and I could still get laid off at any time. Who cares if it is multi-level or pyramid. Some jobs have profit sharing, most don't give you anything beside hourly pay or salary, or bonus that are not even guaranteed. This business will grow if you put in the effort. If you tried and failed get over blaming the world and take responsibility for your own performance. Money magazine had a bad report on them, but Money magazine's recommended stock portfolio has sucked, anyone following that should be calling Money a scam financial magazine. Every financial industry has good and bad employees, hopefully this company sets you up to succeed, if you then fail its on you.

Emil   Dallas

1:54pm on Saturday, February 28th, 2009 

If you are not born to be a sales person you are in the wrong industry. If you are not born to "handle people" or manipulate them is not for you.
The business model is build for new recruits to provide hot leads for registered reps.When you join you are not registered one and you do not make any money and by the time you are one your market is dried up and you end up cold calling or quitting.
The benefits: get a license and move to a traditional financial co who required only series 6 license

You might have 1% chance to make a living
Before joining ask 2 questions
Want to see every registered reps in the rooms TAX RETURN
Want to see every reps who own VUL the return on investment.
Because if you get license is what you will sell, every thing else you sell will not match Wallmart greeting guy salary.And is hard to believe you will get to sell your pension plan to Microsoft employees
If you are broke stay a away the company will drown you in debt.

geroge   san diego

7:40am on Friday, February 27th, 2009 

looks lik u george has been scammed before.. i mean it does sound like u have been through many companys and therefore not succeeding thats why you are so skeptical... im also sure that the companys that you have worked for before were insurance and securities companys right?? if not no wonder you havn't been asked for a background check!!

George   Las Vegas

1:55pm on Tuesday, February 24th, 2009 

If any company asks you to pay $100 for a background check it is a scam. No company I ever worked for asked me to pay for a background check.

Anonymous   Location unknown

2:15pm on Monday, February 23rd, 2009 

At WFG you are working for someone else. Every sale you make the person who brought you into the company gets your money. You only get money if the people you brought sell something. Find the CNN Money Magazine article about WFG and it explains the whole company. The title is "Hubert The Great Hubert Humphrey wants to sell Middle America loads of gimmicky, high-cost investments through an army of part-time brokers. The scary part: It's working."

Working Hard   Canada

5:05pm on Sunday, February 22nd, 2009 

It is important to remember why people get involved with any organization, whether they are an employee or a member joining a company like WFG. They do it for the people they meet at that organization and the opportunity to do the same thing as that person is doing. WFG, like any other company, looks for individuals who want to build their own business and are tired of what they were doing. But realistically, not everyone is suited to run their own business same as not everyone is suited to be a manager.

Not every employee is a good employee and works hard each and every minute they are at their job. Nor are all employees honest or good ambassadors for their company. This is the same in the entrepreneurial world and the people who join WFG.

WFG is not for individuals looking to get rich quick. It requires people to work hard to reach their goals. This holds true for the thousands upon thousands of companies that employee the majority of our population. The individuals who succeed in those companies work hard and are persistent. And they are the ones that move up and receive rewards from their employers. But there are many employees at those same companies who only last for months and weeks and sometimes only days. Do they criticize that company for being a bad employer? No, most say it was not for me and move on.

When you try something new and decided that it is not for you, it does not make you a failure. It only brings you closer to being successful because you now know what you don’t want to do. You will only fail when you stop trying. If you read the Slight Edge by Jeff Olsen, he talks about a baby learning to walk. Do they give up the first time they fall down? No, they keep trying. So I would encourage all of you, who failed at a job or WFG, to keep trying to find your fit. Maybe WFG was not for you. I do hope you find your place in the world. But remember, anything worth keeping requires a lot of work. But can all of us say that we gave each job everything we had?

My final challenge to anyone reading this is to try and find a positive in each failure. What about that person who introduced you to WFG? Do you really believe they are bad because they choose to believe in themselves and a company who is offering something for entrepreneurs? If you are honest, most of you will answer no…they are good people. And if nothing else, you know positively that WFG is not right for you. But I would also encourage you to not criticize those who are succeeding, even if you don’t have the same confidence in their beliefs as they do. If people like them did not exist, we would not have freedom in our country, lights in our homes and the many other gifts that came from those who persisted.

Anonymous   Atlanta

7:31pm on Saturday, February 21st, 2009 

Its funny how some people here respond and saying going to school is the answer, and some say a business like WFG is the answer. The reality is each person is right. If someone is more entrepreneurial then WFG is the way to go. If you want to work for someone else and have a secure job (which now w the economy we know jobs are not secure..) then let them. The business is not for everyone. Jobs are not for everyone. It is interesting though, the person who goes to school and gets a degree. Then that individual gets a job: they get laid off, they then think going back to school to get more education and spend 20-20 more thousand dollars will solve it. It will only get you in the same situation!! Insanity=doing the same thing over and over and expecting different results.

john   san francisco

10:54pm on Sunday, February 8th, 2009 

damn i don't know who to believe the positive side or the negative side... then only way to find out is to actually try it... ill be optimistic though and follow those who know the business... good comments though proves how dumb and smart people can be.

Someone in LA   LA

4:22am on Thursday, February 5th, 2009 

Someone from that WFG approached me through an acquaintance. At first the woman ( a qualified marketing directory) didn't really tell me straight about what their intent was. I didn't know her at all. When we sat down to talk, and she was intro the products and service the company provided, and asked me how much I made for living. Oh boy.... is she okay? I think they were looking for some dumb people who would disclose all personal info to them on the day they met!!! Unbelievable!!

Ben   Costa mesa

11:35pm on Sunday, February 1st, 2009 

I will join this program 3 months...I full time professional chef I make 62.000/ year . I will review my self this program and find out about it ...and i will make a full review about it.

Chris   Location unknown

7:50pm on Thursday, January 29th, 2009 

haha. I just quit. RATHER JUST WORK FOR MY DEGREE IN BUSINESS.

Len   Los Angeles

1:43pm on Monday, January 26th, 2009 

Sorry about the repeat posts, but I feel it's important to make one last point. There are those who defend WFG by saying they are regulated. What they fail to tell you is that WFG and its predecessor, WMA, have been repeatedly fined or been subject to disciplinary action by the NASD and other public and private regulatory agencies ... not to mention the slew of individual, States, and class action lawsuits past and present.

Len   Los Angeles

1:08pm on Monday, January 26th, 2009 

To: Anonymous, Location unknown who posted on January 16th, 2009

Thanks for the chuckle. Your tirade about poor grammar displayed an atrocious comprehension of the English language. I can only hope it was a satire.

Len   Los Angeles

1:04pm on Monday, January 26th, 2009 

As long as WFG associates/clients realize that the business model is MLM (however legitimate it may or may not be), then I've got no issues with WFG, per se. I will always have an issue with MLMs, however, whether you're WFG or Amway or Galway (et al). As with all MLMs, very few will succeed, and most associates singing their "company's" praise do so because they have committed so much of their personal resources into the venture.

Bobby   California

4:32am on Saturday, January 17th, 2009 

So everything is kind of based on your own opinion but the real kicker for me is why you have to attack your friends and family first. I feel extremely uncomfortable about this, i would never want to betray the trust of those i care about. I mean, if i have to go along with someone on a "training appointment" then why don't i get to come along and watch you with one of your clients? why does it have to be my aunt and uncle first? also, the training leave alot for me to desire. They gave me scripts to learn so i would know what to say in certain situations. they teach you how to "handle objections" or basically how to not take no for an answer. personally i feel that its unethical. if a person is not interested, thank them for their time and move on. the scripts also explain why when i went to the first meeting, the people i met seemed to have rehearsed everything they said. i thought it was very peculiar when after the initial presentation and everyone's representative came in to speak with them the first thing they said was, "wasn't that awesome?" Then the person who brought me in and said the exact same words to me. ok, i can kind of understand giving scripts to those who have no idea where to begin to talk to people they don't know, but i don't think i'd want someone whose training consisted mainly of learning how to turn a no into a yes to handle my finances. yes you do have to get licensed but thats a short online class and a multiple choice test. I am grateful for the knowledge that i gained from all this but wfg just seems too unethical. targeting your family? that reminds me of when your childred come home from school with one of those fund raisers. who does the school expect them to sell to? family members. now, when i was in elementary school, i had a hard time selling anything to anyone that wasnt my parents. i wonder if that would translate into my work at wfg? yes i know.... negative thoughts are the only things that hold you back from succeeding at wfg, but i want to feel like i earned my spot on the team. they could have done that for me with a single interview. no one looked at my resume. it seemed that i was already qualified to handle someone's personal finances before i walked in the door.

Anonymous   Location unknown

2:27pm on Friday, January 16th, 2009 

Why shouldn't I reply like an educated person? You should WANT to present yourself properly and ALWAYS use proper grammar… why would you want to do otherwise? The way the economy is going an education is all you're going to have. If for some reason, after I graduate from law school and everything is stripped away from me I will ALWAYS have my bachelors and my Juris Doctor degree... I will always been an educated Hispanic lawyer and no one can tell me otherwise. So unless you’re retiring in 4 years then I don’t think you’ll be throwing any money at me…I can’t believe how WFG supporters talk about money. That’s the only thing on your mind. I can't stress how important an education is. If you don’t have a degree (especially for my generation) it's going to be damn hard for anyone to find a job... you need something to distinguish yourself. They don’t make you a part of their business because of the previous trouble WFG has been in- hence the previous name changes. They make you fill out the W9 so if someone claims their insurance isn’t up to par… You’re the one getting in trouble not WFG (because you’re your own business!). I can't stand to see my friend with this company. This company has brain washed them into thinking WFG is the greatest company ever. This person has been with the company for 3 years and I haven't seen the "tons" of money you guys claim you make. But they still swear by this company. All I've seen is someone going to two meetings a week, listening to techno, wasting time when they could have had their bachelors in anything their heart desired.

javier   san jose

2:09am on Friday, January 16th, 2009 

get it right and undestand if you are going to respond do it right i have already said this talking about grammer has nothing to do with WFG if you talk about grammer is because you are so poor minded that you can't come up with anything else but grammer and honestly thats a shame!! you person saying that taking the same notes is boring then how about you make your own company and do your own ideas, and by the time you get your degree i'll be retired so throw your degree at me right now if you like and ill throw the money at you like nothing. not only is this successful but helps out families. Like I said sure there are some bad workers there that do the wrong thing and those are the ones that end up quiting. Also get it straight joining the company is not making you an employee it gets you on a path to become a business owner eventually if you stick it out get it straight!! I don't recruit and I bet you i got more money in my bank account than you I dont need to recruit. Numbers don't lie you student looking for a degree. Whenever you want however you want i'll show you how its done. And don't reply if you are not going to reply smartly you student who is in college and getting a degree who doesn't have any money jajajaja. And just for the record nothing against students only against you who doesn't know what he says. To be honest give it a try and do it correctly so all of you looking for a shot just do it with your eyes closed and live it out eventually it will get to you. Remember if success was easy everyone would be successful

Anonymous   Location unknown

4:53pm on Thursday, January 15th, 2009 

Let’s try to use grammar we all can understand before we try to defend a business... bad grammar doesn't make the business look to promising :)

Anonymous   Location unknown

4:48pm on Thursday, January 15th, 2009 

Its funny how people supporting this business always tie being smart with making money. Making money doesn't mean your smart people!! If that was the case there would be a lot more geniuses in this world...If you feel taking repetitive notes and wasting your time then that’s your business... The people teaching these “classes” have nothing else to teach you because they know jack **** themselves!!! Just think about what you could do with your time… maybe go get a degree! I have never tried to become a WFG employee so by no means am I envious... I’m a student willing to dedicate myself to college not degrade myself by begging people to listen to me about WFG. Also, if you really believe recruiting people isn’t part of the business you're wrong! I've seen the people you guys recruit... all the same profile (uneducated, below middle class and desperate) I know someone who is an employee of WFG… Why do you guys have to stay after and call possible clients? (To recruit!) and I've heard her "conference" calls... all they spoke about was how to recruit people and what you should say... "This business allows you to retire early", "if we told you a $14,000 check was waiting for you, would you say no?"... ALL WAYS TO RECRUIT NOT SELL INSURANCE!! Step back and look at the situation it's just ridiculous.

vwcrazy35   Southern california

1:25am on Wednesday, January 14th, 2009 

Unfortunately, in our society we have many individuals that are victim minded. Everything that happens to them, they feel as though they were either scammed, or robbed or whatever the case may be. People who fail and continue in to fail in life will always be negative, everyone is so quick to point out the worst in everything they come across, even a business opportunity that will can make someone financial independent for generations!! I have been in WFG for 1 1/2 and I dont like it, I LOVE IT!!!!!!!!! I have gained several great friendships & a first class financial education. For those who have not succeeded in WFG, its probably because you didnt have the endurance to truely give the business a try.

javier   san jose

10:30pm on Tuesday, January 13th, 2009

the reality is, is that all these people that talk bad is because they are envious and jealous to see the rest of the people make money and they haven't... Same note taking is for only one reason because people don't do it!!! so it has to be constantly reminded until it is done... On the selling side if the person really is educated then tad person would buy it would be a stupid reason not to buy for something that will help.. on the insurance side that it isn't helping a family someone might say well WRONG!! it is helping a family that person dies and he/she is insured they have money thanks to that the familys income is replaced... THAT IS HELP!!! so all you stupid people that didn't make money talk bad, well simple you hated that you quit and you didn't have what it takes... And on the multilevel thing NO it is not multilevel because in multilevel you have to recruit to make money and that is not the case in WFG... IF YOU'RE GOING TO TALK BAD MAKE SURE YOU CAN BACK IT UP IF NOT DONT TALK BECAUSE ILL GARANTEE ILL SHUT YOU UP!!!

Chris-Associate   San Jose

9:37pm on Tuesday, January 13th, 2009 

One more thing that makes me mad about this business. My md before he joined this group had told me yeah if you want to be a entrepreneur then you got to own many business now he says the opposite. Exact words. From being in this business you got to focus on one thing. What the #### kind of bullshit is that what happened

Anonymous   Location unknown

12:01pm on Tuesday, January 13th, 2009 

Go to... and search the title
investmentfraudlawyerblog. com
"have things changed at world financial group"

Anonymous   Location unknown

11:59am on Tuesday, January 13th, 2009 

I would like to see a WFG associate try to sell to an educated person... hmm on that note I would like to see an educated person join WFG. Techno music at the beginning of the meeting, people with poor vocabulary and manners isn't my idea of a nice place to work. All these people for WFG have been brain washed! I've seen the notes you guys take at meetings... THEY'RE ALL THE SAME!! “The law of 72”, “We want to help families” “wouldn’t you like to make $14,000 in a week”- These are your only sales tactics and you say them over and over… It’s all you guys know! I don’t know if you've realized it yet, but they tell you guys the same crap every "meeting". How about you guys gain some dignity and go get your B.A's in finance!? People would much rather buy insurance from someone who has their degree. The 3 or 4 years of wasting your time at meetings listening to techno music you could have gotten your B.A. In the up coming economy people are going to realize not even your B.A. is going to get you’re a job, so a high school diploma isn’t even going to get you considered. People need to step out of the situation and realize any place who recruits using Monster.com or just walking up to people in the streets is shady. You guys are the same as those stay at home jobs… all pyramid job schemes.

ally   usa

11:57am on Tuesday, January 13th, 2009 

You guys have been brain washed! The notes your guys take are ALL THE SAME!!“The law of 72”, “We help families” “wouldn’t you like to make $14,000 in a week”-These are your only sales tactics and you say them over and over.You hear the same crap every "meeting". The 3 or 4 years of wasting your time at meetings listening to techno you could have gotten your B.A in finance.

Chris-Associate   San Jose

12:05am on Tuesday, January 13th, 2009 

Not scared to put my name out there. First and foremost I went to a meeting, and I saw all these people saying if he can do it i can do it. So i was so hyped up and so juiced to join. I finally did join. I surprised but willfully agreed to pay that $100 fee. I went to the same meetings and was told that we're helping people. I still think that helping people with their life insurance is not actually helping people. If they sell mostly health insurance then THATS HELPING PEOPLE. But anyways after the first meeting, I found out that I had to put in another 100 dollars for a life test, then three weeks later they tell me that i have to pay a monthly fee of 20$ to a lawyer, and Im like what the ****! You got to be kidding me. But now I haven't went to the meetings and lost contact with MD. But HERES THE SCHEME, THEY TELL PEOPLE THAT YOU SHOULD QUIT YOUR FULL TIME JOBS AND GO HERE. DON'T DO IT PEOPLE DO YOUR FULL TIME JOBS BUT ALSO DO THIS. AS A FRESHMAN IN COLLEGE, AND DOING NOTHING BUT STUDYING IL DO THIS JOB PART TIME AND SEE WHAT HAPPENS.

javier   san jose

2:13am on Monday, January 12th, 2009 

so im guessing ING prudential transamerica are all scams... otherwise why would they work with world financial group if it is a scam??? doesn't make sense right??? so why don't all u good for nothing failures just shut up just because the business doent work for you doesn't mean its a scam... or is it the companys fault that you are weak minded? that u dont have what it takes? that there are better people than you?? its funny how u talk but cant back it up!! but its ok i still need someone to cut my grass someone to manage my bank account someone to cook me a burger its ok the business is not for u thats how the world works... sure there are some bad people that work in WFG and dont do the right thing for the client but that is not WFG itself its the agent... so put your claims on the agent and not on the company because there are many of us that do the right thing and thats why we are successful... all i have to say is if you are happy the way you are then stay where you are it is capitalism there has to be a lower class... but if you are not then what do you have to loose?? give it a try work hard listen to your mentor and you will see the results... and all of those that say they have tried it trust me they havent done the business right and even if they say they have they havent because i used to not do things right and it was all bad now im great!! so who are you going to listen to?? a broke person who tells you you are not going to make it or a rich person who can show you how to get rich?? its your choice

Anonymous   Location unknown

7:40am on Saturday, January 10th, 2009 

forget wfg!
an associate tried getting me to join while i was at 711. AT 711??? c'mon., gtfo! i may be gullible but im not stupid.

PH   VA

7:11pm on Friday, January 2nd, 2009 

Here is our experience with WFG.

When we first met Siu Cheung from World Financial Group in Fairfax VA office , she seemed nice. She was warm and appeared to be loving and caring. That was when she convinced my husband to buy $1 million variable life insurance about four years ago.

It proves that the life insurance she sold us is a total scam. So far we have paid $16000 premium in four years. And we were notified we would lost the coverage unless we put in another $3000. We got the letter on New Year's Eve Dec 31, 2008. We don't have any more money to put in so the policy lapsed. There is $8000 left in the account and the company told us that the $8000 is going to cover commission and fees so we are not getting a penny back.

Remember this name: Siu Cheung. Stay away from this company!

Mr. Aligheri   Los Angeles,CA

4:32pm on Friday, December 19th, 2008 

I went to a interview for the organization known as WFG and it seemed shady right off the back.I got this job oppourtunity through myspace.When I was there I kept asking them questiions(because I am a studying to be a forensic scientist and as you know scientist always ask how/why)and they kept beating around the book about certain questions. I asked like "how do you guys make YOUR money because you are a business and you are in it to make money regardless of your alterior motives" and they kept saying "we help people and blah blah blah that is how we make our money." And then I asked if they charged a fee for their services they provide and they said no, so i'm wondering how do they make money...idk, it didnt seem legit...oh yea they asked to pay 100 dollars and i wasnt even guaranteed a spot or anything...

Anonymous   U.S.

9:42am on Friday, December 19th, 2008 

WFG is not a scam. Unfortunately, as in every business, there are people who take a good thing and corrupt it. My husband and I are business partners in WFG and he has been doing this for almost 20 years. There has never a been a moment when we have scammed our clients. We know of people in this organization that are more interested in the dollar than their client's needs, but the good people in this business outnumber those who are in it for themselves. If you want financial independance, and you want to build a legacy to leave behind for your family, WFG is the answer. You can come onboard part time, get licensed and make some real money. I have know personally what it is to make in an hour what it takes me 3 days at a regular job to make. I have been priviledged to go on wonderful Hawaii trips and dine with the elite in this organization and I can say only good things about the company as a whole. We are six-figure earners for a long time now and I don't regret being in this business. Are there dishonest people in WFG? Sure! But they're not at the top, where it counts. They are in the field trying to make their own rules as they go along. Trying to alter and change a system that is proven to work. So rather than go by disgruntled ex-associates, who obviously didn't cut it as true financial planners, find out for yourself. Go online to www.worldfinancialgroup.com and see for yourself. Call the company directly and ask to speak to directors that are at the top of their game and ask to be recommended to a top notch office. And most of all, understand that in life, everything is a risk. Without risk, there is no reward. Is WFG too good to be true? Yep! And I'm glad it came true for me and my family...

Sokha   Santa Clara

3:10pm on Thursday, December 18th, 2008 

Accusing or blaming WFG is a scam organization is not true. I agree there are alway bad apple every where. Some said if WFG is that good why most of them are part-time. In fact it is a perfect opportunity for starters whose want to get their feet wet into financial arena without compromising their bread and butter right away. You don't have to be a finacial expert to a member, but it help. However, to be sucessful, you have to have an eager mind to have a financial security goal in life to yourself and others. WFG has the network of people whose capable to deal & help to guide customers to attain their goal. Like many others, I am good with numbers and trying to find the way to get my financial for my family and myself. Four years ago, through my brother in law, I met WFG and they help me out. Since then, not only I have my financial plan with them (and AEgon), WFG has been my part-time money maker,without any committment or license, and help other people to plan and work on their financial goal.For those whose cry about 100$ and 375$ something, yes I know the scheme. In order to get more % of the deal and more you made, the higher you will be on the pyramid which translate to more pay and security. Like any other job, you need to qualify and need some investment. I spent 174$ for my license course and was too busy to follow thru due to other priorities. Hey I still make money without license or going to UCSC to get CFP...However I will be back to finish it up despite my family and I already have comfortable income now. All because of planning, sacrefice and hardwork to achieve the plans during the 4 years which I start with WFG. P.S: Those whose lost money with WFG, that is because of the trillions dollars greeds and crooks that scam the stock markets. I have some retirement funds with others and I still lost my a** off too. The bottom line is, please do not blame WFG to your failure. Try to identify the problem. May be it is not WFG only...

sean smith   LA

10:28pm on Monday, December 15th, 2008 

STAY AWAY... The whole idea of the company is convaluted. First they want you to invest in a Kare Newman is brainwashed.. hahah..Life insurance plan that puts your money in the stock market? then they want middle age homeowners so they can make a buck getting you to refinance your home and with that cash put it in the stock market? are you kidding me!? i remember being sooo brainwashed in there, if you are in right now you are going to realize sooner or later that this network marketing is absurd. What if the company files bankrupcy? what about all of your recruits and hard work? GONE. REAL financial advice comes from EDUCATED financial advisors, not recruits who are looking to retire by 40!

WFG Client   Calgary, Alberta

7:23pm on Friday, December 12th, 2008 

AS a client I have had nothing but great education on how to build financial independance. People really need to pull their heads out of their a** and see that society sucks if we can't beleive there is a company with a mission to really truly help people. Canadians are in need of this because as I know from most people, they are financially strapped and won't be able to retire - pretty sad! If we call this a scam so is CIBC, TD Canada Trust, Equitable Life - some of the most reputable companies in the country. As a client nothing is ever paid to WFG so no they didn't loose your money - look around you and see that the whole world is losing $ - Out of all the so called financial advisors I've had, WFG has been the best! Thanks WFG!

Jayz   Hot Springs

8:54am on Wednesday, December 10th, 2008 

Not only are they scamming innocent people with their "multi-level" corp crap, they are now issuing checks with Banks to start a check kiting sweepstakes scam. When will anyone every make an honest living and quit manipulating the poor unsuspecting.

WFG is my Advisor   Calgary, Alberta

10:14pm on Monday, December 8th, 2008 

Sadly, I had a family member attempt to recruit me into WFG. After mortgaging my home and losing 50% in this ugly stock market, I am still more angry at how amateurish they are, telling me to leave the financial stuff to the experts....I would like to know who these experts are, surely they are not speaking of themselves, as evidenced by the mistakes that were made. Some of their products are second rate at best (agreements say "prime" rate but it's their "own" prime rate...what a bunch of hooey) and I am very much concerned about how they manage money. They appear to be more concerned about gettng a commission check from you, like other financial people. But at least other financial advisors are well trained and are not as obvious about trying to sell you life insurance. Had they understood their processes adequately, I would not be in this financial mess today, as there would have been safeguards to avoid the mishandling I personally experienced... Would I endorse WFG? If someone suggests that they want to talk to you about your financial affairs or presenting this "great" opportunity and they are from WFG,RUN....!!!

J.C.   Las Vegas

10:34pm on Friday, December 5th, 2008

First off I will not bash anyone who made negative comments about WFG, I too was very skeptical (at first) about the way they operate their system. It takes time and effort to realize that everything is so systematic if followed exactly failure is no option. To clear up some confusion about joining the business - you are no employee this will be your equivalent of “franchise ownership”, at very little cost. If you were to invest in say a McDonalds it could cost hundreds of thousands, and they actually have a McDonalds academy to learn their system. McDonalds is very successful because of this system, no matter where you go a Big Mac is a Big Mac. If you fail in WFG it’s you who chose to fail not the system! I cannot speak for all the offices or the thousands of WFG Rep's but everything we do is not only done by us but by anyone who has been successful in any business, there certain disciplines that require to build wealth, some people are just to negative to achieve this. As for our clients, the companies we represent are the best in the world. We are in the most highly regulated business there is, so just do the right thing and your clients will be happy. A am very proud of what we do, it is because of us thousands can retire, kids go to college, some of peoples biggest worries are lifted because of us, The products we offer can the life of a family for generations.

Ming Wyo   Las Vegas, Nevada

11:21am on Thursday, December 4th, 2008 

WFG serves a usefull purpose: Some people should be separated from their money.

Kara Newman   Ohio

10:12pm on Tuesday, November 25th, 2008

I am amazed that they are so many IDIOTS out there in the world. Of course you have to pay for your own training. How many doctors,attorneys, ect.... do you know that went to law school or med school for free?

Kara Newman   Ohio

10:03pm on Tuesday, November 25th, 2008 

I disagree with all of the individuals who claim WFG is a scam. Those of you who have made false statements about WFG,are more than likely miserable individuals, working a dead end jobs, and will NEVER AMOUNT TO ANYTHING. Stop being HATERS, and face the truth that you just don't have any confidence in yourself. Just keep working your dead end job,and I will be thinking of you when I retire at age 40:-)

anonymous   california

5:53pm on Sunday, November 23rd, 2008 

I did my research and I have recently joined WFG. i have no regrets. I don't feel that it is a scam. This business is not for everyone and the people who fail believes that WFG is a scam. Do your research before you join any company!!

Matt   San Jose

2:34pm on Tuesday, November 18th, 2008 

I'm sorry any job that asks you to pay them 100 bucks and then another 300 is a scam. Most good companies compensate their employees for getting certified or further their education that could benefit the company in the long run. At my previous job every employee was potentially covered up to $3k for education. UCSC has a great extension program for getting certified as a CFP. If WFG is asking you to bring in your own clients you might as well go get certified as a CFP and start your own company.

ceres   calgary,alberta

9:33am on Friday, November 14th, 2008 

hey, we all have the rights what to say. but i wont focus on negative thinkers.just to let you people know outthere its not the company itself its the greedy agents that sell the product w/o know how.wfg is the best company i just dont deal with those agent that doesnt know what their saying they want you to get out of debts but those agents are so loaded with debts till now. i invest money inside u.l which is the best but most of those agent dont have investment as what they preach wfg agent be honest and stick to company's concept you will succeed but for those greedy and dumb agent go to hell ...dont pretend that you make a lot of money it shows excuse me cant even dress up well, hey if you make lots of money drive a nice car you go to my house and tell all this lies and look at your car you drive a wreck very old model mini van poor you i thought you make a quater million a year you liar...and hey how come you have a second job in a warehouse ..people.. baaad agents.

anonymous   Sacramento

1:39pm on Thursday, November 6th, 2008 

YES it is a scam I to lost money my rep told me a bunch of lies also never did what he said he would do he has a lot of BS never will do business with them again...

Len (Part time associate)   Alberta

9:17pm on Thursday, October 23rd, 2008 

WOW!!! Amazing how everyone has an opinion! I just want to say "Every business out there cannot please everyone" So if you have a negative attitude, You will pay attention to the negative comments. Now go with an open mindset and check World Financial group out for yourself as this, just like any other business/company is not for everyone!!

A "wizened" WFG recruit   Las Vegas

5:57pm on Tuesday, October 21st, 2008 

Let's get real here. I've been in and around the insurance/financial services industry since 1981. I've been an agent for Equitable (now AXA/Equitable), Mutual Trust, American General. I've been a company rep for Blue Cross/Blue Shield/Fort Dearborn Life, Sentry Insurance and Union Central, to name a few. I am, or have been licensed in Life and Health, had series 6, 7, and 63. Currently have Life and Series 65, and working on renewing Series 6 and 63.

So ... what does all this mean or matter? In all of the above cases I had a "sales manager" and/or a "district manager" and/or a "regional manager", all of whom got bonuses or additional overrides or commissions based on my performance, as well as all others in the field. Were they accused of being an MLM in disguise becasues they didn't dislcose their "upline" or "downline"??? NO.

At the companies where I was an agent, guess what was one of the first things they wanted from me? My "List of 100" ... common practice in the insurance business ... it's where they get their initial leads and referrals ... from their new agents.

And what do you think I was shown during the interviewing process??? Copies of large checks "actually isssued" to existing, producing agents. Think I was shown any checks of those that failed miserably?? I don't think so. Scam??? No ... just the harsh reality.

And speaking of those that fail miserably, the average retention of insurance industry new-hires is about 1 in 7. So, instead of spending the time and money recruiting, WFG asks their "drones" to do it. And in many cases, the current recruits are a much better judge of their friends and family that they feel will succeed in the business.

I have been through the job hunting routine many times. ANd even with the level of experience that I have, there are companies the dismissed (did not hire) me for whatever reason. WFG gave me the opportunity to succeed, but put the full onus on me. What a dreadful thought .... that making a success in this business was going to be on my shoulders.

And in this time of turmoil and uncertainty, WFG?WGS?Aegon stand firmly. Aegon owns numerous well-respected companies in the insurance industry, including Transamerica, Western Reserve Life, DIversied Investment Advisors, Merile Lynch Life, JC Penny Life, among others. As for WFG, they have no proprietary products, they sell the poducts of others, such as Fidelity, Oppenheimer, Dreyfus, Prudential, Pacific Life, Allianz, Principal Life, Jackson National, ING, Hartford, John Hancock, Mass Mutual. The kist goes on and on ......

Aegon/WFG is astrong, vital company. Sure, they have what some would consider flaws, but what others would consider advantages or plusses. It's all in your point of view. But, remember one vital piece of information. No matter how many people you recruit, if nobody sells anything, nobody makes anything. Period. End of story. Recruiting in and of itself does nothing but fill a room with bodies. Just as passing a licensing test doesn't magically make sales.... you still have to go out and sell something. Surprise!!! That's what sales organizations do ... they sell things.

Now, if you'll excuse me, I have to go study for my Series 6 exam.

Ed Mylet   California

9:31am on Friday, October 10th, 2008 

TO:
Anonymous, Location unknown
Posted at 4:56pm on Thursday, October 9th, 2008

You are in denial. You are also very part time and very ignorant to the WFG. I would also guess that you are a white male, approx. 22 years of age. You are not licensed and are not enrolled in classes. You don't own any product because you can't afford it and you will probably last less than 6 months.

Anonymous   Chicago, IL

12:45am on Friday, October 10th, 2008 

Call it what you want but you cannot say that a company is a scam when it is highly regulated by FINRA and NASD.

I have joined WFG and I listened to all the negativity online aswell. I was hesitant, but I wanted to view it for myself. So I invested the 100 dollars for my agent code/bg check as required along with the 300 to get my license (in ordered to get paid).

I want so say that I have had nothing but great experiences with this company. My mentor has helped me succeed in more ways that I could have ever imagined.

I joined early this September and with a little over a month with the business I received more than I have invested. I was promoted in 2 weeks and took my exam a week later. This week I had my first 2 successful clients. Now I have a team, its small but it is growing. I work when I want to and as much as I want to, who doesn't want that?

I noticed that the only ones who gives this company a bad review are the ones who failed to succeed. So with their failure they blame the company. Don't listen to them,try it for yourself and if it doesn't work out then move on.

Seriously what are you going to lose with the $100? Colleges do not hesitate to charge you 20 grand/yr. for 4 years and it is no guarantee what you end up with a degree. Its not like they refund u if your drop out. I know plenty of people with a degree but no job because they are over qualified. Don't get me wrong, I'm still in college but with this opportunity I am able to generate extra income to pay for my loans.

Anonymous   Location unknown

4:56pm on Thursday, October 9th, 2008

I will give very little mental energy to the remarks and opinions stated within the contents of this website but I will give you my opinion. I am a full time college student, employee and associate of World Financial Group. In reading your remarks I will make evident a universal truth. Now,think about this, if you were a farmer and decided to grow an orchard of apples would you expect that your entire orchard would contain flawless and ripe fruit? or would you expect some 'bad apples' in your harvest? In any endeavor you cannot classify an entire company off of the conduct of a mere few. World Financial Group IS a credible, strong, stable and honest company with great intentions for the consumer and families across the globe. I have witnessed that with my own eyes and I am grateful and proud to represent this company. I would also go on to say that as human beings we make mistakes, whether the conduct of my fellow and former associates was intentional or unintentional they will be dealt with accordingly but to say that our firm deliberately lies to people to make a profit would be obsurd. Have fun reading!

Rich Thawley   Lodi

10:14am on Wednesday, October 8th, 2008 

OK! I can't wait to hear what the WFG drones say to this one! At the very bottom is the original link to this story so you can't say it's made up! This is not an isolated inciddent and I will almost gaurantee you that more will be uncovered. Have fun reading! Oh yea, WFG drones will easily recognize the name of this particular ring leader in the story.

Washington, D.C., Oct. 3, 2008 — The Securities and Exchange Commission today charged five Los Angeles-area brokers with securities fraud, alleging that they put their customers at risk by refinancing their homes with subprime mortgages that they could not afford in order to fraudulently sell them unsuitable securities. The SEC alleges that the five registered representatives, who worked for World Group Securities Inc., paid themselves high commissions on both the subprime mortgages and the securities purchases. The customers generally were of modest means, had little prior investment experience, and had little or no formal education beyond high school. Some of the investors did not speak English fluently or at all.

The SEC alleges that Guillermo Haro, Kederio Ainsworth, Jesus Gutierrez, Gabriel Paredes and Angel Romo sold unsuitable securities to customers, primarily variable universal life policies (VUL). Most investors who bought these securities lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.

“This case demonstrates the SEC’s commitment to halting fraudulent sales practices by brokers and others in the securities industry,” said Linda Chatman Thomsen, Director of the SEC’s Division of Enforcement. “At a time when investors were already losing their homes in record numbers, the SEC alleges that these brokers pushed their customers into risky and unsustainable subprime mortgages as a means of financing a fraud. Not only was the whole scheme fraudulent, but the brokers profited by charging commissions at each stage. The SEC will relentlessly pursue unscrupulous brokers and other securities industry professionals who seek to line their own pockets at their customers’ expense.”

According to the SEC’s complaint, filed in federal district court in Los Angeles, each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented the expected returns from the securities, the liquidity of VULs, the nature of the VULs, and the terms of the new mortgages while failing to disclose material facts about the products. The defendants also allegedly falsified client account forms and order tickets relating to the securities sales.

The SEC’s complaint charges Haro, Ainsworth, Gutierrez, Paredes and Romo with violating the antifraud provisions of the Securities Act of 1933, and the Securities Exchange Act of 1934, and aiding and abetting violations of the broker-dealer books and records provisions of the Securities Exchange Act. The SEC seeks injunctions, disgorgement, and financial penalties.

Jim   san jose

1:02pm on Tuesday, October 7th, 2008 

Please.

Beware, this is a sales pyramid commission system.

I guess if you are UNEMPLOYED and with nothing else to do you could join and makes some sales mainly to your friends and family.

what a joke. "Think about this"

***would you let a random (average joe-six pack- no college) to be your financial advisor and handle your money? I supposed he could sell you insurance.

*** would you let a fat person be your personal fitness trainer ? I supposed he could tell you what not to eat. haaha

Bottom line.

Most of these people have no Skills and want big money. They like to dress to impress and pretend that they are business people. some do make money of the other people.

reminds me of a real estate Agent = WFG agent. useless and they talk B.S. (@##$$) and make money off dumb people.

They try to dress like real Bankers and Lawyers and you can see that they're just USED car salesman

Good luck!!!