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World Financial Group is a straight up scam. First they ask you to come to a meeting about a possible job in the insurance industry. Then when you get there you see it is nothing about a job, but rather is a whole bunch of people hopping around and spouting off about how much money they make.Secondly, you will be asked to make and appointment for an interview for a position with the company. This is not an interview, but really is a bulls*** session where they ask you about your life goals and then try to use those goals to trick you into giving them money.
Thirdly, they will ask you to come back for a training session. When you get to this supposed training session all you hear is more garbage about how much money you COULD make, how you need to pay them money for certification and a background check and fingerprints, and how you need to bring in three to five recruits a week.
This is not a job. This is a scam. Do not give the representatives of this company any money. If you need a job go interview with a company that does not ask you for money, or invest in an education for yourself.
I never once gave this company money. I went to three of their 'meetings' to see what they had to say. Never once did they offer any type of training. Never once. They did, however, ask for money each time.
In the meetings that were supposed to be training sessions they never gave insurance training of any type, no real information. They did love to tout how their affiliation with big name companies like Hartford was real. Good for them, but association with legitimate companies does not make them legitimate or any less of a scam.
The individuals who run these little meetings that are supposed to be training sessions love to repeat how their company is not a scam and is valid because they are in a heavily regulated industry. They love to claim that they have very few, if any, sanctions or fees brought against them for misconduct and misrepresentation.
This is simply not true. Lookup their company record, especially look up their company record under their previously listed company names. You will find many inconsistencies with their claims and find some to be outright lies. Wikipedia has great information on this.
My best advice to you, other than to NEVER give these people money, is to agree to go to some of their meetings. Go. Take notes so you can remember what to look up on the internet later on. Write down the claims that they make and check them out. Look up written opinions and financial reports on this company as you research them.
Be sure to read information that is FOR this company as well. You need to hear the good things people say about WFG. You need to read and hear their success stories and RESEARCH them. This will give you a better picture of how people are brainwashed into this company.
You will find that getting straight answers is extremely difficult". Seriously, go to a couple of their meetings and you will find out/. Of course, don't tell them you are simply checking out their scam?. Just go and listen,. Check out EVERYTHING they say and claim|.
They will also talk heavily of how so many people think their company is a scam and how these people are only naysayers who don't want to make money". Listen very carefully to how they speak about people who do not like the company and who try to prove it as a scam:. They will give every excuse from people being vindictive and subversive, to people being lazy and not really wanting to make money/.
But don't take my word for it. Go. Go to a series of these meetings. Take notes. Do not give them any money. Have a really good laugh at a really good scam. 1287349
 Comments (32) |
| 1. Written by Brian on February 22, 2012 from central, south carolina, US I am a current college student at Clemson University studying Financial Management with an emphasis in Real Estate. I was contacted the other day by a WFG associate. I have now been through the process of the informative corporate meeting as well as the application process (which includes the $100 fee that everybody is complaining about). All I can say about my experience so far is that this company is fundamentally designed differently than many other companies that 'consumers' may relate to. The difference in this company is the simple fact that they offer their brokers incentives to bring aboard more agents. Their brokers do not try to restrict their agents much like a situation you would find in a local Real Estate office. Real estate brokers do not want their agents to become brokers themselves because that would create competition and conflicts. However, WFG as I mentioned earlier, offers incentives to their brokers for 'growing' their business by recruiting more agents (which could potentially become their own broker). The simple fact that people think this business model is a scam is quite frankly disappointing. The open mindedness that people have disappears when WFG reaches out to them to participate in their operations. As I mentioned earlier, this is a different business plan. Because of the fact that WFG operates by a 'recruit more, work less, get paid more' type of model, people think it is a scam.. all I can say is do your own research |
| 2. Written by maria on February 13, 2012 from youngstown, ohio, US someone above mentioned WFG doesn't do "recruitment". well guess what, few years back, I was "invited" to a recruitment seminar which was supposed to be an interview. I personally know a few people that worked there and a mortgage company that was processing their mortgages and they were really making money. i wasn't asked to give THEM money for background check and fingerprints, rather i went on my own and got them done. and for the securities license, this wasn't affiliated with them either. it didn't work out for me because they do expect you to interview everyone you know (which i am not comfortable with) but there is some legitimacy here. It just seems too much like the pushy salesman... |
| 3. Written by random on October 20, 2011 from new york, new york, US Ask yourself this before joining any company, why would you need to pay someone to make money and why do they chase you , you should be chasing them. Im actually going to these meetings now and i will ask lot of questions. Out of everything Shoon said could be true could not be true, I will find out within 1 week and return with my answer. |
| 4. Written by maryann on October 2, 2011 from bayville, new jersey, US Some people just do NOT understand... this a GREAT opportunity! Guess what? Like any successful business owner, YOU HAVE TO ACTUALLY WORK. Further, as a business person, would you invest your valuable time and knowledge training someone who obviously wasn't a good fit for the opportunity? My question to 'Shoon4774' is why are you so negative if you have no experience with the company other than attending an overview, and did not get involved? Sounds like there is something else behind your comments. The opportunity is not for everyone and obviously not for you. Keep on doing what you are doing...I wish you the best of luck. |
| 5. Written by Dave on September 12, 2011 from newport beach, california, US All of you who support WGS need to understand how vastly different the company is structured compared to other, more successful and more credible, broker/dealer firms. The way they recruit producers is rare in the industry (most firms pay for your licensing) and they do not do it through the use of seminars and or recruitment conventions. A credible company never recruits on a basis of quantity, but rather quality; anyone should know that. Furthermore, the problem with the broker/dealer is such that they ignore state regulations when it comes to regulatory compliance and suitability. This means that you as a producer (if you manage to attract a client with WGS on your business card) will be poorly supervised and may end up selling someone an investment which is not suitable and be blamed for the action anyway. Although, I would argue it is your fault for not understanding more about your business, but I admit WGS doesn't prepare you the way they should. Consider what I have said, and read how the firm has been censured bt various regulatory bodies on FINRA's website. |
| 6. Written by L Baker on September 11, 2011 from edmonton, alberta, CA I work as a government manager, and have had several small businesses over the last 20 years, including : retail gift, import and food industry. My analysis (direct observation over the last 4 years) is that WFG is a good opportunity if you take time to understand it. However, it is not a get rich quick scheme, so be prepared to do some actual work! Unlike traditional businesses, there is no large amount of risk and capital required ( such as franchise fees, construction & development costs, leasing, inventory, employee payroll, etc. ) I am presently working on my license. I intend to be successful, but that success ( or failure ) will depend on me. The insurance licensing course at a local business college is well worth the cost, for the knowledge alone ! For those crying about $100 membership fee, get real ! Try building a store in the local mall and see how much that costs ! Thanks. |
| 7. Written by Susie on August 10, 2011 from modesto, california, US If someone is broke and giving advice, are you going to take it? If someone is wealthy and they give you advice on how to get there, are you going to ignore them? I want to be financially debt free, and I am getting there. WFG is not a scam! I lost $250k on a Quiznos franchise a measley $100.for an administrative fee, one time is nothing. If you don't have dreams to be successful and are a closed-minded person, then WFG doesn't need you anyway!! |
| 8. Written by Gary on July 30, 2011 from los angeles, california, US For all you people getting their info only from these people... I've been working with the company for a bit now. And all of you people who haven't even gone to a meeting to see it for yourself then do so. People can *** and moan all they want, but the fact of the matter is that wfg not only helps lots and lots of good people, but give benefits to the associates far better then other company's. NOt because its a scam, not because its a hoax, but because its legit company with millions of people to back it up. Of course there's going to be tons of people talking bad about it. This is the internet isn't it? There's always 2 sides to every story regardless of what it is. I'm willing to bet 80% of those people know nothing more than what they've heard. And Of course there's going to be some disgruntled clients... there's over 7 billion people in this world. Not everybody in the world is noble, you know that, and if they don't get something exactly the way they wanted they're going to get pissed. Chances are you're one of those people and you're ego has blinded you to the truth. There's few things more irresponsible than basing your beliefs off of someone Else's OPINION. Get out there, be adults, be responsible, and see it for yourself. And shoon4774, i don't know what office you went to, but maybe you should report that one. Not once did they ask for money until i decided to join the company. And for paying to get licensed... Frankly, no ***. Just as you pay for classes to become certified to become a nurse or doctor or lawyer, you need to become CALIFORNIA licensed to be a broker and work with finance. The company makes absolutely no profit off of your licensing. Do the world a favor and start looking up your facts before you get people riled up over nothing more than your opinion. SO everybody reading this please, get off of here and stop listening to all these people, and stop listening to me. Get out there and analyze it for yourself. |
| 9. Written by sadeh on July 25, 2011 from -, -, US I am so confuse Job suppose to pay you not charge you $100.00 and waste your time this is too good to be truth why they take all your info how would I make sure they won't identity theft you in the future pls someone tell me this company is scam or legment are thy selling people info ...... |
| 10. Written by dro on July 8, 2011 from cupertino, california, US WFG business is legit. Maybe it's for everybody but it's a good opportunity to someone who is open minded. some people doesn't know what they don't know. corporate world is worst... you just don't realize or never pay attention. if you are working for a big company ..you are slave and they will lay-off people if you are old. how about train someone who will replace you.. do you think is that fair? cmon people.... be open-minded. |
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