World Financial Group - Review in Financial Services category from Sacramento, California

Hey it's me Liquid. I was given this in response to my "You are a pyramid" accusation. They claimed that "Why would Nationwide slap their name with World Financial Group if they're a pyramid? Here's a video of Peyton Manning endorsing WFG through Nationwide and here's this as proof we aren't a pyramid"

Does this make Nationwide part of the scam then?


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Financial Services
review #884559
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Jul 29 #1192157 Hollister, California

I got taken by WFG. There is no such thing as a LIRP. Life insurance isn't retirement. I am already in the hole over 4k because I bought into the ***.

2 0 Reply

Jul 19 #1187081 Berkeley, California

It's a paid celeb endorsement. So what? Absolutely meaningless. That's like WFG buying ad spreads in Fortune. These paid spots fail to confer even one speck of legitimacy to WFG. Who know what Peyton Manning knows about financial services, if anything at all? Folks, the actor Helena Bonham Carter pitched Yardley Cosmetics and she never wore makeup! Check out that beaut out at www dot businessinsider dot com/the-13-worst-celebrity-endorsement-fails-2012-1

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Jul 21 #1188149 Phoenix, Arizona

So what's your response to all the well known investment companies being sued right now for scamming their employees with they're 401ks?

1 6 Reply

Jul 21 #1188164 Berkeley, California

Phoenix Anon. You totally fail to address my comment. How do your vague words about "investment companies" and 401(k) scams" change the fact that an WFGer gave the OP a totally bogus reason--a generic paid celeb endorsement--in a lame attempt to legitimize WFG? It's like saying "company X is great! Cuz see?--its advert says so!" Phoenix Anon, what part of that don't you get? What’re you trying to prove?

6 1 Reply

Jul 22 #1188251

William3, I think it's a lost cause to prove a point with Phoenix Anon since they don't realize the fallacy of their own argument before publishing their comment.

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Jul 22 #1188253

WFG isn't in any better boat. I could say yes it's wrong for those companies to scam their own employees, but nonetheless WFG isn't any better by selling risky financial products like the FFIUL or just xUL products to clients who are more than likely have to lose their plan if they live a long life. What makes WFG free of doing the same thing but just in a different method?

5 1 Reply

Jul 29 #1192068

Of course Peyton is going to endorse WFG since WFG makes good money for Nationwide. He's not saying it's a place to go work.

0 0 Reply

Jul 19 #1187032 Berkeley, California

Yes Liquid, I second SF Anon's request. You may also want to post them at www dot finance-guy dot net/streetonomic/world-financial-group-review. That comment board is active and the site appears to make it easy to post multiple docs and update them. Thank you for your efforts Liquid! Daylight is a terrific disinfectant.

8 0 Reply

Jul 19 #1187077 Houston, Texas

Thanks for your post William3, I looked at the website and it was very informational on shedding light on WFG even further. Too bad my friends are in too deep to quit WFG and listen to the logic this website uses.

8 1 Reply

Jul 27 #1190905 Lawrenceville, Georgia

I fail to see any valid argument against WFG on this page. Just a group of critics who failed at using their business model. It is not a scam period. If employees are not coachable and do what they are taught and then decide learning financial principles and helping others apply them is a scam then why would being a teacher not also be a scam? Nobody is a paid recruiter in this company.
I realize its a similar to the Payton Manning explanation but I have talked with financial advisors from California to Florida and I have never seen someone explain so openly with others what they are doing to help others and how their business runs.

1 4 Reply

Jul 28 #1191158

Clearly you haven't read thoroughly enough on www dot finance-guy dot net/streetonomic/world-financial-group-review. While it's not legally considered a scam per say, there are multiple red flags that are highlighted on that site that make WFG incredibly questionable and gives reasons why you should enter WFG with high levels of scrutiny. That can be seen as a valid argument as it provides valid reasons. Let's go through each segment.
First segment states "Finding information about how World Financial Group works is rather difficult, which we see as an early red flag." They follow up their reason with "We are assuming that their goal is to be as vague as possible so that the only way to get information is to see an agent, and receive a full sales pitch...The WFG system manual, refers to answering too many questions as the 'scenario of disaster'. They tell their associates to 'focus on selling the dream'. Giving detailed information or answering difficult questions will lead to failure. This explains why the website was so vague..... they didn't want it to be a disaster zone!" This is clearly a red flag for many people because they should be able to receive detailed information when they ask and when they look said company up on their official website. Lack of information is not a good thing when you're trying to assess a company.
The second segment doesn't show apparent red flags since they're just describing mostly licensing which is a given that people should have
... Show more

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Jul 28 #1191192 Berkeley, California

Dear, Steve, Anon, whoever. I appreciate you have views. However unclear some of your comments may be. Trouble is, you fail to give us specifics. You say you see “...Just a group of critics who failed at using their business model...” That’s your broad sweeping opinion that you fail to support with even a shred of evidence. You say “It is not a scam period.” That’s still your sweeping opinion, however firmly you say it. And which you again fail to support with even a shred of evidence. You say “If employees are not coachable and do what they are taught and then decide learning financial principles and helping others apply them is a scam then why would being a teacher not also be a scam? Um, Steve, what’re trying to say here? How does your first clause of your sentence relate to the second clause? Who are the “employees?” And who suggested that “learning financial principles and helping others apply them is a scam.” Of course it’s not a scam--IF the teacher is qualified and knows what he’s talking about. Good luck finding that expertise at WFG. When I joined this MLM, I had a background in accounting and actuarial science, equity and debt trading, real estate sales and rental management, and contract law. I must tell you Steve I was floored at the financial ignorance I discovered in so many of my fellow agents. Many of them not much older than kids and who came straight out of the trades, the service industry, and schools, e.g. LPNs, retail salespeople, undergrads. Some... Show more

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Jul 19 #1187016 San Francisco, California

Liquid...Would you be able to post each page of "Your Guide to Doing Business with Nationwide Financial" for us to all read. Thank you in advance.

6 0 Reply

Jul 19 #1187008 Maple Ridge, British Columbia

Great minds think alike. Type into Google "nationwide Erisa settlement". By doing business together they will make big profits.

2 0 Reply
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