World Financial Group Complaints and Reviews

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World Financial Group
Main address: headquarters 30097-1517 Duluth GA
770-453-9300, ,
  • 98+4 mobile complaints
  • $17.8K claimed losses
  • $175 average
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  • Oct 17
  • Finances
  • Mlm
  • 2
  • 2
  • 393

My neighbor is an 'agent' and I use that term rather loosely. After being visited in person and called several times, my mother nagged me into going to check out what the sweet girl next door wanted to talk about. Once I came into the barren office, I was asked some questions about my life, but I could tell the 'marketing director' wasn't really listening. He tried to sell me the company by... Read more

Was this review helpful? 5 1

     

  • Oct 16
  • Ex Employees
  • Investment
  • 322

Most of you new "associates" will only bring a few of your friends and family on as clients. Then you'll realize you'll never build a decent income because you're simply not cut out for it. You're competing against real financial advisors, with real financial credentials, working at real financial companies. You'll get sucked in by the pitch of "unlimited potential"..."be your own boss"...and... Read more

Was this review helpful? 8 3

     

  • Oct 14
  • Finances
  • Sunnyvale, California
  • Recruiting Process
  • 415

Yes you have to do your homework and get your State Insurance license. However, WFG is primarily about bringing on new recruits ALL THE TIME! Selling insurance and other financial products is just the "means to an end"; "the end" is of course recruiting. This business model results in high turnover of "associates". I think WFG has a self-defeating effect on itself. People hear the term WFG... Read more

Was this review helpful? 3 3

     

  • Oct 13
  • Finances
  • San Jose, California
  • Interest Rate
  • 2
  • 2
  • 403

The reason they are still in existence is because of their brilliant marketing structure... Top 10? Means lets get sub-par products for your closest family and friends, lets not show them the guaranteed column of the illustrations but rather focus on the exaggerated numbers based on some high compounding interest rate... The Top 10: when your family members realize that their product isn't... Read more

Was this review helpful? 9 6

     

  • Sep 30
  • Finances
  • Miami, Florida
  • Worthless Seminar
  • 6
  • 6
  • 1331

fyi they are a scam ... had a friend whom was an "associate" if i remember correctly. she and her husband were a few years deep and never made enough money. its based on getting people to sign up. i wanna say 7 years ago i went to a seminar and it was the weirdest experience. left within 20 minutes the speaker was entertaining but also spoke of how much money he made and showed photos of his cars... Read more

Was this review helpful? 11 10

     

  • Sep 29
  • Investment Brokerage
  • Newark, New Jersey
  • Brokerage Services
  • 1
  • 1
  • 730

When I read the complains, I wonder if people are not happy with the life insurance or annuity policies or with WFG company itself. If the complains are because of WFG, the way they market the products, then, can anyone recommend a better broker dealer that they have a good experience with? If the complains are because of policies, permanent life insurance or annuity, can anyone tell me if all... Read more

Was this review helpful? 1 5

     

  • Sep 29
  • Financial Services - Consulting, Marketing
  • Fraudulent Business Practices
  • 1094

Oh do I have a story to tell about WFG. Due to these agents and their scams I have lost my family's whole life savings. This company needs to be investigated and sent to do some serious jail time. Not to mention repaying all their clients who they have scammed. And as for all the geniuses who claim this industry is so regulated, they don't know what the *** they are talking about. When I... Read more

Was this review helpful? 6 11

     

  • Sep 18
  • Life and Casualty Insurance
  • Life Insurance
  • 7
  • 7
  • 1374

I was lied to by WFG. I was misguided and I was told I could retire off a minimal life insurance premium. I was also never told about the high fees included in annuities, I wasn't even informed that annuities had fees, so even if you have a fixed annuity, you will still lose money towards fees. The stories I hear are endless, both from families being misled and misrepresented and from agents who... Read more

Was this review helpful? 12 13

     

  • Sep 12
  • Finances
  • Yorba Linda, California
  • Model Recruiting
  • 19
  • 19
  • 1895

Their entire business model is based on getting a clueless recruit to submit their list of the top 25 people they know and then using the recruit's relationship with these people to set a sales appointment. They tell the recruit and also the target that it's 'field training' when it's really an opportunity for the 'trainer' to earn their reduced commission at the expense of the recruit. Most of... Read more

Was this review helpful? 23 9
 
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