Any one heard of World Financial Group?

[supersatellite]

I'm not to sure about WFG. This is how I heard of them: I got a call from someone asking me to come for an interview.(I'm currently looking for a job.) I went but it wasn't really an interview, they kind of give a *****point presentation on WFG and what they do. Then at the end they ask you if you want to set up a meeting. Basically WFG is an investment type of company. You can either be a customer(they'll help you with financial services like mutual funds, mortgages, insurance), or you can be an associate(starting your own business with their help). The company seems to be very large and what there doing seems legal, but yet something seems strange about it. Anyone have any experience or information with WFG? There website is www.worldfinancialgroup.com

[Dynamoo]

Well, it's a real site. worldfinancialgroup.com was registered back in 2000. Site gets around 5000 visitors per day fairly consistently.

So, it's definitely not some fly-by-night scam outfit at the very least. I can't vouche for their business practices though.

[stocksoftwareguru]

I received a couple decent reviews about their group. They are probably not a scam. Trouble is, you have to really realize that anyone with a website, that is advertising a "product" is out to take your money. World Financial and all the other financial security companies will at some point scam you. Thats the nature of capitalism.

In all the review sites I do, I try to be fair. But it makes me irate to see what some of those bastards do to to innocent people trying to grow financially. Okay, I am off my soapbox now.

the guru

please engage in capitalism by reading reviews that I have posted at ckz.org and all the connecting websites...hehe, were all guilty, even scam.com and the company that bought them out.

rah rah money. screw the little people and the poor.

[skeptic101]

WFG used to be WMA. I joined WMA a few years back and kind of fizzled out. It's basically a multi-level business like amway but centered around selling their poster child product called variable life insurance. Basically a way to protect mutual funds etc. from taxes with the flexibility to borrow as necessary from the fund. The product itself isn't bad, and certainly if you get someone with experience setting you up it's no more of a scam than what you'd get from any other typical financial planner. You can actually make money, a lot in WMA, I've known some of the people in the top rungs. And I also know someone who's been in just a couple years who is far from getting rich on it, but I'd guess with a couple years effort he's made 20 or 30k. Ok so here's what I didn't like about it:

1) The product at the time, Western Reserve Life was WAY overpriced when compared to other variable life policies. Since you pass the life insurance test and series 6 broker test, you could sell other brands, but you'll be very much on your own to do it I'm sure.

2) The multilevel "Burn friends for business partners" mentality. What it comes down to is that you'll have a near impossible time making it as a rookie financial planner without your first kills being friends and family. We've all had a friend or family member join Amway and know that from that time forward, every lunch or fishing trip is a sales meeting. If you join WMA, you have to be willing to be that guy.

3) It's real work! That right there tells you it can't possibly be too much of a scam. But it's not for everyone either. Basically, if you are a very sales oriented people person and you're willing to hit your friends and family hard on this you might have a shot at it.

[hyipdaily]

So this is a MLM program?

[Targa2]

The nature of capitalism is " eventually they all screw you"???

You don't really mean that do you? Yes there is a lot of greed in the world but it was around a long time before the capitalist concept *****ed to where it is today. People screw each other financially because of fear not because of some dialectic Hegelian concept.

You must have entered into some exchanges that were win / win at some point in your life..........haven't you?

[skeptic101]

"So this is a MLM program?"

Yes.

[yowzza]

I was recently invited by an "associate" to go to a seminar next week. She adamantly stated that there was no money involved. However, a couple of red flags starting flying when she basically stated that she "was going to be making a lot of money....be able to live off of residuals...never have to work again." I said, "uh oh...." So I did some research. In fact it IS an MLM.

http://en.wikipedia.org/wiki/World_Financial_Group
http://www.wfg-offline.com/index.htm#PARTONE

The sad part is I considered this gal a good friend. Maybe she is naive or maybe she's looking at the "greed" part....I really don't know. Needless to say, I was disappointed.

Upon looking through the research, Skeptic101 is correct. She did mention that she had to get several certifications and licenses to be a representative. That's the part that sounds good! But being built on the fact that it requires recruiting to make the big bucks.....well that's the part that is bad....

[kevinbware]

man...

is it possible to get insight into HOW to make extra money out here...or is the popular thought...everything is a SCAM...so just deal with the hand you've been dealt with...

we are simply critics...i suppose...

i figure that if i wanted to be talked out of an idea...come HERE...

its sad.

we need to work on helping people achieve what they want instead of being hit over the head by team skepticism...

oh...you got a raise...its a scam...
oh what...you're child said what...oh thats a scam...
went the wrong way to work...oh...scam!
oh, you're co-worker isn't feeling well? isn't that a scam thats going around?

anyway...

thank you burning bridges instead of building them.

with love,

kb

[yowzza]

Originally Posted by kevinbware

man...

is it possible to get insight into HOW to make extra money out here...or is the popular thought...everything is a SCAM...so just deal with the hand you've been dealt with...

we are simply critics...i suppose...

i figure that if i wanted to be talked out of an idea...come HERE...

its sad.

we need to work on helping people achieve what they want instead of being hit over the head by team skepticism...

oh...you got a raise...its a scam...
oh what...you're child said what...oh thats a scam...
went the wrong way to work...oh...scam!
oh, you're co-worker isn't feeling well? isn't that a scam thats going around?

anyway...

thank you burning bridges instead of building them.

with love,

kb

I take it, kb, that you have never been "ripped off" or "taken advantage of" or been "vulnerable." Kudos to you! If you are thinking about a side business or getting some "extra cash," you may want to research the company you'll be working for. Research can avoid heartache and headache.

Unfortuantely..."been there, done that."

[maqusa]

with thousands and thousands of HYIP program flying around online and ofcourse most of them being scam...
being said that and read everyone's view on how everything is scam .... IS THERE A SINGLE person here who can just give me one or two legit sites to invest....

There just have to be atleast 1 HYIP where ppl could get back 10-20% ROI and yes it has to be risk involved or else ofcourse its a red flag...
i am not talking about all those sites claiming high yeild returns and that too gauranteed... but only one or two sites where ppl have actually invested and had an equal chance of success or have indeed really been successful ?

comon give us ONE name ............... thats all i am asking...

[rub1]

http://www.thisismoney.co.uk/news/ar...&in_page_id=19

[dontfeelsorryforme]

Hi,

I was just invited to one of these meetings after several Phone tags. I was never told exactly why I was being called until I talked to a live person. Turns out I was refered by a friend of mine. After talking to her I was able to get some information. To me it sound like what my parents were into a few years back. They worked for Primerica Financial Services. They were working in it for about six years, but they were always working. Things were not getting any better than before they started working there and we were getting behind on bills month after month. I remember having to stay in my room with my sisters and the other kids of the "recruits" while they had their meeting. They came, ate our food and were never heard of again.

Things just got worse and worse and we finally got kicked out of our house, got in trouble with the IRS, my mother got very ill and we all had to go live in a small duplex.

But it didn't end there. My parents left the company and we started all over again. Slowly we began to make it, but my parents are now divorsed and like strangers.

Maybe we were one of those 10 that don't make it. Boy was it tough. Part of my childhood is gone now. I really needed my parents. I would have rather lived in that little place with my parents home than in the house they thought they could afford. - This wasn't for us.

Just be very careful.

[HelpingFamiliesIsMyBusine]

Originally Posted by dontfeelsorryforme

Hi,

I was just invited to one of these meetings after several Phone tags. I was never told exactly why I was being called until I talked to a live person. Turns out I was refered by a friend of mine. After talking to her I was able to get some information. To me it sound like what my parents were into a few years back. They worked for Primerica Financial Services. They were working in it for about six years, but they were always working. Things were not getting any better than before they started working there and we were getting behind on bills month after month. I remember having to stay in my room with my sisters and the other kids of the "recruits" while they had their meeting. They came, ate our food and were never heard of again.

Things just got worse and worse and we finally got kicked out of our house, got in trouble with the IRS, my mother got very ill and we all had to go live in a small duplex.

But it didn't end there. My parents left the company and we started all over again. Slowly we began to make it, but my parents are now divorsed and like strangers.

Maybe we were one of those 10 that don't make it. Boy was it tough. Part of my childhood is gone now. I really needed my parents. I would have rather lived in that little place with my parents home than in the house they thought they could afford. - This wasn't for us.

Just be very careful.

I don't feel sorry for you, but I do believe they may have been one of the 10 who don't make it. I am a representative of the company your parents work for...I LOVE what I do! I literally help people save and make money...whichever they are interested in. I walk into their homes and leave very proud of what I do. I leave knowing I did NOT rip them off, but educated them, showed them options, didn't sell them anything, but gave them opportunity to research what I said on their own. The meetings held at your parents home don't sound as if Primerica even allows them. RVPs are supposed to have REAL offices where meetings and trainings can be held...where appointments can be held if not in the privacy of your own clients home. With all of that said, my brother in another state is thinking of joining WFG. I told him I didn't care if he ever worked with me or not, but not to make the biggest mistake ever! I referred him to this article found at

http://www.wfg-offline.com/moneymag/page1.htm

from the Money Magazine May 2000 issue which should answer most of your questions about WFG, formerly known as WMA.

I also referred him to Success Magazine July 2005 issue and to Suze Orman for any questions regarding life insurance and mutual funds.

Anyway, hope this helps.

[Life Changed]

This company has dramatically changed my life as well as a few friends and family of mine. I think people bash World Financial Group because they are taking over the entire finance industry. And I think the people who do bash WFG are people from other financial services companies because they feel threatend by WFG. Pyramid schemes are illegal, so their operation would have been shut down years ago if they were doing anything illegal. After all, the finance industry is one of the highest regulated industries in North America. Think about it, AEGON, a financial *****house in the world...bigger than such companies as Microsoft and CocaCola...bought WFG about 7 years ago and never changed a thing that they were doing. Companies such as AEGON, TransAmerica, Western Reserve, AGF, Mackenzie, Franklin Templeton, and many many more companies don't want another Enron or Bre-ex on their hands, so don't you think these financial institutions do their due diligence? Nobody wants to be accompanied with a loser, only winners. And WFG is an undisputable winner that will take over the entire finance industry and will be a household name years down the road. And now to make a comment about taking a person who has little experience in the finance field. Just because a person is new to the field doesn't mean that they can't do the job. This is what makes WFG unique, they show people how the financial services industry works. That's it! Other financial services companies don't expose their inner workings. How many of you out there have wanted to get financial help and when you have, did you learn anything from the rep you talked to? I hardly doubt it! I have gone for help before, and I felt like I walked out of some of these other financial companies stupider than when I walked in. Not with World Financial Group! I actually learned something! They are a good company doing great things! One day, they will be the largest financial services company in the world!

[dr poormouth]

Originally Posted by Life Changed

This company has dramatically changed my life ...

Junior, your post has changed the doctor's life, for the few moments required to state that you are one sorry son-of-a-disappointed-mother.

[legaleagle]

Greetings:

I specialize in representing major clients in the financial services industry. WFG is a subsidiary of Aegon Group, one of the world's largest financial services companies. WFG is a marketing entity and the type of meeting that you went to with WFG is very common in this industry.

Regards,

Tony the Legal Eagle

[inoie_chiaki]

Originally Posted by Jakeou812

World Financial Group is a scam! They may be a legitimate company but they scam people into interviews. I waisted 15$ in gas that I really needed for going to interviews for real jobs. I'm a computer tech, and I asked if this was related. "Yes we have many opportunities" they said over the phone. After ariving and listening to the guy go over their philosophy, and all this investment crap for over 45 minutes, I was thinking "Dude, I just want to fix your computers". Son of a ***** saw that I had worked with disabled children and tried to play up on that. Said I could help them. They want to make you an agent in a pyramid scheme that sounds illegal. You'll make 5,000 a week, blah blah blah. Then they hit you with the background check. You have to pay them $100, to do a background check if you want on. That's when I walked out, and hocked a big lugie on their door. Bastards talk about how their for the little guy, when they scam little guys on a daily basis.

Ohh....Poor you...I'm sorry to hear that..... :o

[bob2237]

YES IT IS A MAJOR SCAM. Take it from someone who joined and regrets it badly.

[Fro # 57]

Ok I don't get it yet... my mother doesn't think it's a scam. I'm looking out for her best interest, why do you guy thinks it's a scam besides wasting 15 dollars in gass money. Did they actually tell you, you could make 5,000 a week? Is the investing part a scam? did either of you invest any money? let me know? do you understand money?

Fro # 57

[borisf96]

Is the investing part a scam?

With those kind of "investment" companies it is 99.9% certainty. Legitimate companies do not call you for interview and then try to get your money.

do you understand money?

Do you?

[Fro # 57]

so your saying that it's pretty much a scam because of the way they interview you and then get you to invest? To me it seems like a great way to get in touch with the middle class people who may not know that investing is a great idea let along a excellent tax writeoff. Actually I think knowing about the tax writeoffs is more important then the actual investing part. happy posting

[timesawaistin]

(font=comic sans ms) xxx [/font][size=4]xxx[size]xxx Good morning all....I'm checking these guys out and from everything you all have said, it looks like a scam to me. I'm a bit disappointed because I don't have a job at the moment and thought this might be the ONE! :( . Tomorrow is another day though and hopefully, it'll lead to a more GENUINE opportunity. :)

[WyzeGuy]

From what I know, World Fin Group seems to be a network marketing company for investments and insurance. They are not the first (Arthur L. Williams and Primerica are others). Network marketing/multilevel marketing/direct selling, whatever you want to call it, is a legitimate method of selling. It is, however, difficult for some folks to grasp the network marketing concept so they call it a scam or a pyramid scheme without really knowing what they are talking about. Look at the investment and insurance products they sell and the companies that provide those products. Do a quick trip to the library to learn about them. Then learn about the way they network to get your prospects. If you are OK with all of that, then it might be a good opportunity for you. Network marketing does not work for everyone. You might be interested in knowing that there are over 1200 network marketing companies in the US and the business method is taught in most business schools.

[two40xwunup]

Hell yes that **** is a scam. Its another ACN, but yeah, the people that tell you all that **** about how much money they make and how their lives were "changes" are reps trying to brainwash you, make you wonder if its legit, and so that they actually have a chance of scaming more people. Do you think its in their interest for people to talk **** about their little scheme??? of course not right. They are all the same, spineless dogs, who just prey on the little people. Some lady at my current job tried to give me that bull today. Telling me that her daughter is in the carribean...and blah blah blah. Why do you have to throw that in there??? Obviously to make me think that you can make real money, but there are so many reps that the industry is over saturated. Their loophole is the insurance sales but yeah, dont buy into that crap. All you scamming ****ers...stop posting all your sugar coated lies. In acn they tell you, " its not lying, were just asking for favors...tell your friends that you are trying to save for college when indeed im not. Why would you do that to your friends and family??? Damn, Please listen people. That **** is evil, I felt the presence of the devil himself when i was at their meeting. *Cough[SCAM!!!!]*cough. Thats right, dont get mad reps...you know you've been exposed. PEace

[mikelv2006]

funny, i dont feel sorry for you either - nor will in a year or so when you realize what you got yourself into. If you think WFG is great ... seriously - you should be a timeshare salesperson, sounds like you have precisely the work ethic and personality they're looking for, and they average higher salary then you make.

*cough cough... I don't want to be rude, but I'm sure i could guess your ethnicity, social class, as well, whether or not you went to college and what you were making before you joined WFG.

[mikelv2006]

Originally Posted by HelpingFamiliesIsMyBusine

I don't feel sorry for you, but I do believe they may have been one of the 10 who don't make it. I am a representative of the company your parents work for...I LOVE what I do! I literally help people save and make money...whichever they are interested in. I walk into their homes and leave very proud of what I do. I leave knowing I did NOT rip them off, but educated them, showed them options, didn't sell them anything, but gave them opportunity to research what I said on their own. The meetings held at your parents home don't sound as if Primerica even allows them. RVPs are supposed to have REAL offices where meetings and trainings can be held...where appointments can be held if not in the privacy of your own clients home. With all of that said, my brother in another state is thinking of joining WFG. I told him I didn't care if he ever worked with me or not, but not to make the biggest mistake ever! I referred him to this article found at

http://www.wfg-offline.com/moneymag/page1.htm

from the Money Magazine May 2000 issue which should answer most of your questions about WFG, formerly known as WMA.

I also referred him to Success Magazine July 2005 issue and to Suze Orman for any questions regarding life insurance and mutual funds.

Anyway, hope this helps.

suze oreman is a F****** idiot

[mikelv2006]

This company has dramatically changed my life as well as a few friends and family of mine. I think people bash World Financial Group because they are taking over the entire finance industry. And I think the people who do bash WFG are people from other financial services companies because they feel threatend by WFG. Pyramid schemes are illegal, so their operation would have been shut down years ago if they were doing anything illegal. After all, the finance industry is one of the highest regulated industries in North America. Think about it, AEGON, a financial *****house in the world...bigger than such companies as Microsoft and CocaCola...bought WFG about 7 years ago and never changed a thing that they were doing. Companies such as AEGON, TransAmerica, Western Reserve, AGF, Mackenzie, Franklin Templeton, and many many more companies don't want another Enron or Bre-ex on their hands, so don't you think these financial institutions do their due diligence? Nobody wants to be accompanied with a loser, only winners. And WFG is an undisputable winner that will take over the entire finance industry and will be a household name years down the road. And now to make a comment about taking a person who has little experience in the finance field. Just because a person is new to the field doesn't mean that they can't do the job. This is what makes WFG unique, they show people how the financial services industry works. That's it! Other financial services companies don't expose their inner workings. How many of you out there have wanted to get financial help and when you have, did you learn anything from the rep you talked to? I hardly doubt it! I have gone for help before, and I felt like I walked out of some of these other financial companies stupider than when I walked in. Not with World Financial Group! I actually learned something! They are a good company doing great things! One day, they will be the largest financial services company in the world!

Since when does that fact that some "big" company with "big" pockets purchasing another company make a company legitimate? Ever hear of Worldcom, ENRON, to mention two? JUST BECAUSE A COMPANY IS IN BUSINESS DOESN'T MEAN it isn't engaging in illegal activity as a method of business. Most of your agents are soo stupid it takes them several times to pass the life insurance exam, that I passed without studying, 3 months after the class and I was up all night drinking the night before. I tried working with these morons - so I know how it works. Reason they came after me was because one of my "friends" knew I have a very wealthy family, and money of my own (I pay more in taxes a year than you make as a salary). All things considered ,WFG is a really cute MLM, which they dodge the fact they are that at all costs.

The fact that all the little WFG monkies do is talk about how AEGON is worth billions of dollars immediately raises the inference that you're a bunch of douche bags - why else would you bring it up (oh well of course hardly anyone even knows what WFG is... so i guess now its legit right?).

So I guess every time you call Ritz-Carlton to make a reservation, they tell you they were just purchased by a big corporation thats just amazing called Marriott right?

Seriously, your narrow-minded one-track mind and mentality (that of being UNEDUCATED) ... I'm sure you did not graduate from college, is exactly what WFG looks for = puppet.

WFG shows IDIOTS in the middle to lower income bracket how the financial industry works. You guys call yourselves financial advisors?... explain why your marketing directors tell their little associates that HAVE NO MONEY that they MUST go to the orlando convention last august or whatever, no if's ands or buts. That's sound financial advice - "invest money you don't have into something that has no guarantee of a return on your investment"... and the stock market is something beware? One idiot in the office that was a acclaimed "superstar" (supposedly really going places signing up his friends).... borrowed money for the trip... failed his life insurance exam 5 times (finally gave up)... and is no longer with them.

So what did you learn, the incredibly magic and awesome "rule of 72"? WOW HOW AMAZING, and I'm sure they talked about how you don't learn it in college (which less than half of them have graduated from).

Simply put, WFG is for people that don't have the educationally background to go anywhere in their life, or the focus or effort required to make something of themselves... it's for people that are willing to screw over their friends and family to get ahead... and your compensation hierarchy isn't that great.

NEITHER Is the reputation of my "friend" that introduced me. Ya congrats, make lots of money (or lie about how much you make like the rest of them... which ironically can be checked online for most of the marketing directors and up), its your reputation, not mine.

People BASH WFG for the same reason they would bash any other business that screws them out of thousands of dollars.

FUNNY - YOU're such professionals, thats why I was sold a VUL policy from.. tah dah - Western Reserve Life, I'm 21, NO CHILDREN, NO DEBT... NO ILLNESS... oh **** - no REASON to have an insurance policy other than the bull**** reason your agents offer of "oh buy now so if something happens you always have it where later you might not"... so i should buy an insurance policy for everything else in my life, like my wallet in case i lose a credit card, and my tires in case they go flat, and my girlfriend in case she leaves me. The firm is full of MORONS, less than 10% of the ones that stay in are caucasian... hmm - interesting.

[mikelv2006]

EXACTLY!

i love the newer script of 'fake personal references' made by john pham... (california *******).... where they make your friends think you're calling for a personal reference, when in fact its all BS+., just a ploy at getting them to sign up

[mikelv2006]

Originally Posted by Jakeou812

World Financial Group is a scam! They may be a legitimate company but they scam people into interviews. I waisted 15$ in gas that I really needed for going to interviews for real jobs. I'm a computer tech, and I asked if this was related. "Yes we have many opportunities" they said over the phone. After ariving and listening to the guy go over their philosophy, and all this investment crap for over 45 minutes, I was thinking "Dude, I just want to fix your computers". Son of a ***** saw that I had worked with disabled children and tried to play up on that. Said I could help them. They want to make you an agent in a pyramid scheme that sounds illegal. You'll make 5,000 a week, blah blah blah. Then they hit you with the background check. You have to pay them $100, to do a background check if you want on. That's when I walked out, and hocked a big lugie on their door. Bastards talk about how their for the little guy, when they scam little guys on a daily basis.

again - right on... half the people they bring in and ask to pay 100 for background check and 99 app fee (god knows what else)... don't have the money to even put it on a credit card.... ironically, their little associates get bonuses just for the number of apps that are completed (hmm ... but they dont make money off of that process, of course not right?)

you build your own financial services firm by writing a list of "prospects", ... that is everyone you know... then you're supposed to call them

THATS LIKE OPENING A HOTEL AND your marketing is... write a list of everyone you know and invite them... this is how moulinyans run a business. The guy that did the company is like the "worlds greatest vitamin" piece of ****.

THEY NEVER advertise.... claimed they were going to starting last august... - NEVER HAVE GEE I WONDER WHY. Corporate in GA just sits back laughing while all these little pigs are running around, screwing people out of money making them rich.

[mikelv2006]

Originally Posted by Life Changed

This company has dramatically changed my life as well as a few friends and family of mine. I think people bash World Financial Group because they are taking over the entire finance industry. And I think the people who do bash WFG are people from other financial services companies because they feel threatend by WFG. Pyramid schemes are illegal, so their operation would have been shut down years ago if they were doing anything illegal. After all, the finance industry is one of the highest regulated industries in North America. Think about it, AEGON, a financial *****house in the world...bigger than such companies as Microsoft and CocaCola...bought WFG about 7 years ago and never changed a thing that they were doing. Companies such as AEGON, TransAmerica, Western Reserve, AGF, Mackenzie, Franklin Templeton, and many many more companies don't want another Enron or Bre-ex on their hands, so don't you think these financial institutions do their due diligence? Nobody wants to be accompanied with a loser, only winners. And WFG is an undisputable winner that will take over the entire finance industry and will be a household name years down the road. And now to make a comment about taking a person who has little experience in the finance field. Just because a person is new to the field doesn't mean that they can't do the job. This is what makes WFG unique, they show people how the financial services industry works. That's it! Other financial services companies don't expose their inner workings. How many of you out there have wanted to get financial help and when you have, did you learn anything from the rep you talked to? I hardly doubt it! I have gone for help before, and I felt like I walked out of some of these other financial companies stupider than when I walked in. Not with World Financial Group! I actually learned something! They are a good company doing great things! One day, they will be the largest financial services company in the world!

NO WHAT IS UNIQUE about WFG is they will take anyone with a god damn pulse.

They do a criminal background check and thats it

they don't verify your employment history... they're just interesting in signing you up... then the "FAST START" WHICH IS SIGNUP FOR YOUR LICENSES, SPEND ABOUT 1000.00 AS QUICK AS POSSIBLE BEFORE YOU REALIZE YOU COMPLETELY WASTED YOUR GOD DAMN MONEY.

**** YOU YOU ****ING IDIOT

[Ba4740]

Hey,

I got sucked into this scheme awhile back. I walked into their offices and I got to admit that it did look very aesthetically appeasing. Very ritzy and promising. Once you get set-up with a bogus "Job-Interview", you then have to start going to Tuesday Night and Saturday morning meetings that seemed to last all day. Really, it felt like punishment rather than being productive. After all was said and done, I spent about 3 months in the program and got out of it a very miniscule piece of knowledge about finances. In fact, I just forgot the very last thing they taught me this very instant! So it wasn't really worth it. The moment you walk through those doors, is the moment you become a pawn. I don't know about the devil being in that building but there is definately something up with this business. I flag this as a BizScam for sure!

[Steve203]

I too, have had quite an experience with Word Financial Group. I had just graduated from college, and was looking for a full time job. I was posting my resume everywhere, and got a call back from a fellow who called himself Mr. Webb. He asked me a few generic questions, such as where I graduated from, if I was working now...nothing out of the ordinary. He set me up to meet him at his office for an "interview." Once I arrived, Mr. Webb sat me down and asked me about my financial goals. After that, he began this sale speech about the rule of 72, opening a business and all sorts of things. Never once did he ask me about my education or work experience. He didn't even ask for my resume, and at the end of my interview, when I handed it to him, he just tossed it aside, never even bothering to take a look. Most of what he said didn't really appeal to me, but I was interested in being a mortgage broker, and I was looking to buy a home, so I thought "Hey, at the very worst I can do my own deal, and save myself closing costs. At the worst, at least I'll learn a little bit more about mortgages." I told him that I would give it a shot, so he asked that I come to a meeting. Before I could attend the meeting, he needed a $100 fee for a background check. $100 was a little steep for a background check, but when I was an undergrad, I had to pay $40 for a background check as well to the tutoring company I worked for, so that didn't seem to suspicious to me. The next day I attend this meeting, and everyone is talking about variable life insurance and other products that aren't really necassary. I don't know much about investing, but I do know that variable life insurance isn't a smart investment for someone my age (if you can even call it an investment). The guy who inteviewed me asked for a list of my famiy members and friends, and wnen I told him that I wasn't interested in selling anything to my family and friends, he kindly explained to me that I wasn't going to be selling them anything. I was simply going to give them free financial advice. I told him that my family has had the same financial advisor for about 20 years and they weren't going to change, and that a couple of my good friends were financial advisors themselves. He got pretty upset and said that it would make the business pretty difficult for me.

I could immediately tell from the meeting that this wasn't a job, but it was a MLM. I've worked for a lot of great companies in terms of sales, and the first thing they ask for isn't a list of your family and friends. To me, trying to make money off your friends and family is one of the most annoying and pathetic ways to attempt to make money. Anyway, long story short, I told my interviewer that I was no longer interested. I told him not to run my credit card, that I didn't feel that this was going to be a good fit. He was a little upset, and I suggested to him that he shouldn't waste people's time by trying to imply that this was a real job.

Anyway, the next day I check my account statement and sure enough, I get charged $100 dollars by WFG. I immediately call my interviewer. Surprise, he didn't pick up my calls. When I called the actual company, they refused to refund my money. I talked to a few supervisors, and got absolutely no where. What I want to know, is if WFG makes so much money, why are they ripping me off for $100??? Almost any company wouldn't want to tarnish their image, and would probably refund the money. WFG is a scam and a joke, and I have decided to make it my personal goal to make sure that anyone I come in contact with does not do business with them.

[TheWholeTruth]

Originally Posted by Steve203

...........WFG is a scam and a joke, and I have decided to make it my personal goal to make sure that anyone I come in contact with does not do business with them.

I usually only post on "American Income Life Is A Scam" as I have personal experience with that MLM company; however, it looks like World Financial is very similar, so I'm passing along some information that I hope you'll find helpful..........


http://www.quatloos.com/mlm/mlm.htm

MLM: Once Legitimate, Now a Scam

Once upon a time, multi-level marketing was a legitimate business which provided a way for small companies to get their unique products to consumers in small towns and rural areas which had no access to these products. At this time, the products sold themselves, and the multi-level aspect was a way of giving a small reward to those who had worked hard to build the organization. But the focus was always on the product.

Today, and especially with the growth of the internet, it is possible for consumer to get about whatever they want at competitive prices. There is simply no real need for distribution "systems" as there once was, and indeed the focus of all the programs is not on the products they sell -- which are usually either bogus or are available somewhere else to the public at the same or lesser prices. Instead, the focus now is solely on recruiting new people…………with the idea that those people will recruit additional people who will also buy into the program……….

Thus, today just about ALL of the multi-level marketing programs are scams. In today's internet economy, there is simply no need for multi-level marketing or the overpriced products that they sell -- meaning that the only thing they are selling are memberships in anticipation that future memberships will be sold in the future, which is the classic definition of a pyramid scheme, and thus securities fraud…………..

The Drop Out Rate

The "Drop Out Rate" of MLM programs is enormous -- 98% will drop out immediately, meaning that only 2% will continue with the program over any long period of time. The Promoters will tell this 2% that they are the "successful" ones -- what this means is that they have become "successful" scamming other people (who will probably spend their money and then drop out, possibly a big personal loss to them but a profit to the Promoters).

The Promoters know the Drop Out Rate, and know that by far most people will buy in, but then never sell anything and quit, which is one of the reasons why MLM programs are criminal schemes.

The Promoters also tell those who stay in that they are the "well-motivated and lucky ones". This is 100% false. The people who never sold anything and dropped out are the lucky ones, since they will not be liable for securities fraud or any of the related criminal penalties that goes with promoting somebody else into the program. It is the people who stay in the program who are risking some prison time and a felony conviction for selling an unregistered security.


On the "American Income Life Is A Scam" thread, we've also been discussing how similar MLM companies are to cults. I'd be interested to know your opinion once you've read it, seeing as you've had firsthand experience with an MLM. Do you think the same points about cults apply to this company?

[TheWholeTruth]

Originally Posted by bob2237

YES IT IS A MAJOR SCAM. Take it from someone who joined and regrets it badly.

I usually only post on the "American Income Life is a Scam/Fraud" threads as I have personal experience with that MLM company; however, it looks like World Financial is very similar, so I'm passing along some information that I hope you'll find helpful..........


http://www.quatloos.com/mlm/mlm.htm

MLM: Once Legitimate, Now a Scam

Once upon a time, multi-level marketing was a legitimate business which provided a way for small companies to get their unique products to consumers in small towns and rural areas which had no access to these products. At this time, the products sold themselves, and the multi-level aspect was a way of giving a small reward to those who had worked hard to build the organization. But the focus was always on the product.

Today, and especially with the growth of the internet, it is possible for consumer to get about whatever they want at competitive prices. There is simply no real need for distribution "systems" as there once was, and indeed the focus of all the programs is not on the products they sell -- which are usually either bogus or are available somewhere else to the public at the same or lesser prices. Instead, the focus now is solely on recruiting new people…………with the idea that those people will recruit additional people who will also buy into the program……….

Thus, today just about ALL of the multi-level marketing programs are scams. In today's internet economy, there is simply no need for multi-level marketing or the overpriced products that they sell -- meaning that the only thing they are selling are memberships in anticipation that future memberships will be sold in the future, which is the classic definition of a pyramid scheme, and thus securities fraud…………..

The Drop Out Rate

The "Drop Out Rate" of MLM programs is enormous -- 98% will drop out immediately, meaning that only 2% will continue with the program over any long period of time. The Promoters will tell this 2% that they are the "successful" ones -- what this means is that they have become "successful" scamming other people (who will probably spend their money and then drop out, possibly a big personal loss to them but a profit to the Promoters).

The Promoters know the Drop Out Rate, and know that by far most people will buy in, but then never sell anything and quit, which is one of the reasons why MLM programs are criminal schemes.

The Promoters also tell those who stay in that they are the "well-motivated and lucky ones". This is 100% false. The people who never sold anything and dropped out are the lucky ones, since they will not be liable for securities fraud or any of the related criminal penalties that goes with promoting somebody else into the program. It is the people who stay in the program who are risking some prison time and a felony conviction for selling an unregistered security.


On the "American Income Life is a Fraud" thread, we've also been discussing how similar MLM companies are to cults. I'd be interested to know your opinion once you've read it, seeing as you've had firsthand experience with an MLM. Do you think the same points about cults apply to this company?

[bsbdolphin]

I thought I would let you know you do have a 'good friend'. If you did did any investigation at all about financial services period....you would see that it one of the highest paid industries in the world and that 'residual income' is in fact a lucrutive part of how ALL companies in this industry pay. You must be licensed and you are governed by certain laws, just as any other legal career. The one thing that ruins most opprotunities for many paople is very simple....it is called WORK! Take all negative thoughts, etc with a grain of salt as most people who are unhappy never accept the blame but put it on others...us your own good sense! Also, what company out there now a days is NOT recruiting???

Originally Posted by yowzza

I was recently invited by an "associate" to go to a seminar next week. She adamantly stated that there was no money involved. However, a couple of red flags starting flying when she basically stated that she "was going to be making a lot of money....be able to live off of residuals...never have to work again." I said, "uh oh...." So I did some research. In fact it IS an MLM.

http://en.wikipedia.org/wiki/World_Financial_Group
http://www.wfg-offline.com/index.htm#PARTONE

The sad part is I considered this gal a good friend. Maybe she is naive or maybe she's looking at the "greed" part....I really don't know. Needless to say, I was disappointed.

Upon looking through the research, Skeptic101 is correct. She did mention that she had to get several certifications and licenses to be a representative. That's the part that sounds good! But being built on the fact that it requires recruiting to make the big bucks.....well that's the part that is bad....

[cad2000rockets]

Wow its amazing what you can find on the internet, more so the mention of business groups acting as cults. Must be interesting.

Anyhow, i just wanted to mention that i am really dissapointed at how certain people have looked down upon WFG as a scam :(

Just to give you a little history, I have been with WFG for about a year and 4 months. I am one year from earning my masters in business finance, i currently earn 140K annual cash flow. I spend roughly 35 hours a week focusing on growing my organization. Which consists mostly of appointments through referrals.

I have read through several posts regarding WFG and have realized they argue about employees misrepresenting themselves and all kinds of other stuff. However i realize there are always the few in any company who will take an explicit advantage and give a bad name to everybody.

I could understand if WFG was explicitly telling us to tell everyone we know to join or they are stupid, Or if Wal-Mart runs smaller family owned businesses out (oh wait....dont they?) Or if Eron cheated out employees (oh wait...they did). Anyway WFG doesnt. Sure just about everyone can join. But what we are looking for, at least at my firm, are individuals who will take it seriously. Someone who can run a business. Someone whos not afraid to talk business to someone else they dont know. Why? Because thats the only way they can succeed.

People are skeptical beings naturally. This explains all the scripts, most people dont know how to talk to other people or how to explain that they are eager to help and contribute to help people financially. I remember the "prospect list" as it is known helped me seek out the people i that probably needed my help the most. But i cant know without talking to them, and they wont express their need unless i mention it. Right?

Over 70% of families carry a debt of $7,000 with an interest of 18%. AND ITS GROWING!!! Talk about a legal rip-off (credit cards). For some people might not seem like much of a problem. But for an average person who makes $40,000 a year and has a mortgage and thinks a mortgage is an investment instead of a liability and should be foremost, AND HASNT EVEN PLANNED FOR A RETIREMENT OR HAS ANY IDEA HOW MUCH TO SAVE, it is sad, very sad. How many people do you think even pick up a phone after seeing a commercial from a financial firm of any type that will help them get out of debt? How many people will pick up a phone to order an Ipod after they see it 30% off when you "sign up now" type commercial? Unfortunetly that is our current society.

WFG makes it possible for to help those people who wouldnt normally dial that number or visit an office to get help.

It is even sadder to those hurt by members who took things to another level that WFG was never intended for. I have not had the oppurtunity to meet any of these individuals, but if i did, they wouldnt be working for me and i would make sure the didnt have the oppurtunity to go to anyone else. Thier are very legitimate reasons why our process is designed the way it is. Anyway, i will continue to help my community by providing advice for financial planning and solutions for thier future.

[cqmccoy@gmail.com]

Originally Posted by Jakeou812

World Financial Group is a scam! They may be a legitimate company but they scam people into interviews. I waisted 15$ in gas that I really needed for going to interviews for real jobs. I'm a computer tech, and I asked if this was related. "Yes we have many opportunities" they said over the phone. After ariving and listening to the guy go over their philosophy, and all this investment crap for over 45 minutes, I was thinking "Dude, I just want to fix your computers". Son of a ***** saw that I had worked with disabled children and tried to play up on that. Said I could help them. They want to make you an agent in a pyramid scheme that sounds illegal. You'll make 5,000 a week, blah blah blah. Then they hit you with the background check. You have to pay them $100, to do a background check if you want on. That's when I walked out, and hocked a big lugie on their door. Bastards talk about how their for the little guy, when they scam little guys on a daily basis.

They scammed you out of gas money?? lol

[lboogie]

You know what? I never even heard of World Financial Group until a member called me after seeing one of my business cards. We suppose to meet and discuss WFG's opportunities. I look forward to meeting with him. As for it being a scam, I see no concrete evidence of that in any of the previous postings. Maybe you were misled into believing that it would be something else by someone who was trying to share the opportunity with you. But, that's hardly enough evidence to call the whole entire corporation a scam. I really appreciate people like (cad2000rockets). That individual has been a member of WFG and took the time out to explain what she does. You can't call something a scam when you haven't even tried it or if you quit before you even get started. The scam is schools not teaching kids about money, and investing. The scam is people telling you that owning a home is an asset. Assets put money into your pocket, not take it out. So if you are not renting the home out to a tenant then it is not an asset. We are natural skeptics. When someone introduce us to something that we have never tried before, never heard of before, or never done before, then we automatically think that something is "fishy". The point is, working a 9 to 5 and being in the "rat race" also known as a JOB will not get you financial freedom. You must "leverage" your time, efforts, and money. I would rather get 1% effort from 100 people than 100% effort from myself. If you don't like what WFG has to offer, then try something else. It may not be for you. But don't call it a scam and pat yourself on the back thinking you saved yourself from being scammed out of a couple of bucks. The real scam is not being "informed".

[borisf96]

OK, they are not 100% scam. They do sell Insurance policies, mutual funds and so on. There is nothing wrong with that or with the product as far as I know.

But ethical recruiters they are not. As previous posters mentioned it is unethical to send "interview" invitation if person applied for different job. It is also deceptive to promise $5000 a week checks. No wonder people think it is a scam after failing.

Biggest question of cause, do you have to buy product to sell it or are you not allowed to sell it to somebody who does not want "opportunity"? If you do, you will be just recruiting others from employment websites by telling them that they can make $5000 a week. If not, you will be independent telemarketer. I do not know, which is worse.

On account of background check. You should not pay employer for background check. There are independent background check agencies where you should go and pay them. Agency then send your report to potential employer. I did it myself.

[Peatmoss]

WFG is good, ethical, straight up and totally different to primerica as it is a brokerage house not a agency house, what this means is as a broker for WFG you are licensed in the juridiction that you practice in to sell the products of any company that makes their products available to you as a WFG broker. Primerica has agents and is owned by CITI bank, as a agent your are licensed in your jurisdiction to sell only Primerica products.
WFG's parent company is AGEON who also owns Transamerica, Equitable Life, and a number of other companies, and as a WFG broker you don't have to deal necesarily with a AGEON group company, you do what ever is best for your client.
WFG believes in educated clients, so if your sceptical then go specifically to one of their financial seminars, not a recruiting open house, and see for yourself.

[Peatmoss]

P.S. No organisation of any size or worth can have complete control of all of their people, to say that WFG is not ethical in their recruiting is irresponsible and uneducated.
First off WFG itself does not recruit agents, that is what is pays Agents for, you/me as a agent wishing to open a office of my own will chose to hire a new person or not, depending on filters put in place by 1. the agent[me], 2. the managing director/office owner, 3. WFG, and last but not least 4. the Government/licensing body.

You as a individual may have been approached by a trainee, a new agent, or a poorly trained agent or group of agents.
I have spent the better part of 3 months in studies, written 2 exams each 4 hours with 140 questions, and put out about $400 to government licensing bodies.
I have gone out on about 12 to 15 appointments, and been told I will or will not succeed based completely on my own efforts with their coaching, and had NO PRESURE put upon me to buy anything or join the company until I made the educated decision to do so.
I did put up about $125 for background checks, access to the company website, indepth training, and education. If you think that $125, to set up the back end of a business, is a lot of money you are either very poor or delusional.

Sure you can pay for your own background check and submit, I don't know but I'm sure they wouldn't mind, they may even decrease the $125. fee to $105. or what ever appropriate amount. Why, though when it encompases services that, were you to do them yourself, as a business owner would cost you at least $500. and likely more than $1500.
Think about it they track your clientell, issue notices to your clients, handle many secratarial duties, provide all company approved advertising, and so much more for just $125. Have you ever had your own business?
Signage for my previous business alone was $1000.00, recipts and forms were $1000.00, and thats just the start, I bought $60,000. in initial inventory, paid $10,000 first and last months rent with $2500 Damage Deposit. On top of all that I paid staff over $5000.00/month and didn't see a dime in profit for 8 months, owned the company for 2 years, the market changed and I barely got out with a $20000 profit for 2 years work, YEP that was no scam, that was real business.

Come on your complaining about $125., didn't they tell you the part about your own business, you set your income, you choose your hours, you assume very little risk, you pay your portion of the expenses? Never mind its the most highly regulated industry in Canada and the U.S. so there will also be $80/month you pay out for errors and omissions insurance, so in case you make a HONEST mistake with grandma's last dime you won't get your butt nailed to the wall forever.
Sorry, the ignorance I have witnessed on this sight is truely representative of the nocomittal, no account, nature of blogs and chat groups.

Please feel free to hold me to account for my statements.

[ALP4life]

I will make this as easy as possible for everyone here.

I am not employed by WFG, I am actually an RGA for AIL. WFG is one of the fastest growing insurance companies in North America because they employ part-time agents. There is nothing wrong with their business practices, However, just like Primerica and AIL, some people don't like the way they run their business. False promises are not made by a company, just the individual promising. If you don't like it, stop wasting your ****** on legitimate companies and find a job. People complain about Primerica also. Agents there are very successful if they are comfortable selling to friends and family members, they are rated A+ by AM Best and they also provide competitive term rates. AIL is a company that works with Unions, credit unions, and associations and are also rated A+. Each of these companies have their own niche. Just like any major company, as a manager or business owner, a large part of you income comes from the success of your business/agency. Would a franchise owner make any money if their company wasn't producing profits? Of course not! These businesses work the same way. If you think it is MLM or a Pyramid, then so is EVERY company out there. Try to open a business and make money in you pocket while your business is failing. Good luck with that, I hope it works.

As for investing, it is for licensing purposes, AIL does the same thing. It is required by the state for you to take the necessary classes in order to get licensed. Most insurance companies don't pay for this up front, it's not fair for the company to pay for it when you can potentially use that same license for another insurance company who requires it. Can cost you up $650, however, you need a license in order to become a doctor, how come you're not complaining about the hundreds of thousands of dollars that need to be invested for schooling and licensing? Not to mention the time that's involved (10+ years!). C'mon, if you don't like it, find something else. You could spend this ****** on something useful towards everyday life, like World of Warcraft or Pokemon, lol. Seriously, this is stupid to be arguing over this. Open up a beer and watch some TV, think about life and smile about the future. It can be great if you concentrate on the things that make you smile and not the things that make you negative. Hope your glass of Fat Tire is half full :)

Cheers :D

[Insurance Agent]

There is a golden rule: "More you tell here - more you lie"

Why does nobody say that Canada Life (or any other reliable insurance Co or Agency) is scam ?

Why do people mention WFG and other MLM Co only.? Because it is !!

[Insurance Agent]

Just to give you a little history, I have been with WFG for about a year and 4 months. I am one year from earning my masters in business finance, i currently earn 140K annual cash flow. I spend roughly 35 hours a week focusing on growing my organization. Which consists mostly of appointments through referrals.

Typical lie from WFG !

[Insurance Agent]

Originally Posted by Peatmoss

WFG is good, ethical, straight up and totally different to primerica as it is a brokerage house not a agency house, what this means is as a broker for WFG you are licensed in the juridiction that you practice in to sell the products of any company that makes their products available to you as a WFG broker. Primerica has agents and is owned by CITI bank, as a agent your are licensed in your jurisdiction to sell only Primerica products.
WFG's parent company is AGEON who also owns Transamerica, Equitable Life, and a number of other companies, and as a WFG broker you don't have to deal necesarily with a AGEON group company, you do what ever is best for your client.
WFG believes in educated clients, so if your sceptical then go specifically to one of their financial seminars, not a recruiting open house, and see for yourself.

It is a lie. Equitable Life is a mutual company which is owned by policyholders.

[Insurance Agent]

Look at these pages
http://www.xwma.org/
http://www.jameshoyer.com/problem_li...menu=insurance
http://www.100insurers.com/wwwboard/messages/8823.html

http://www.arbetov.com/managearticle.asp?c=150%2E1&a=12

http://www.wfg-offline.com/

[Acemagic]

Originally Posted by Insurance Agent

There is a golden rule: "More you tell here - more you lie"

For the record, thats quite possibly the dumbest thing I've ever seen someone say in my life.

Okay guys, here's the information you're probably looking for. Firstly, a little background on myself. I'm 25 years old, I think of myself as highly intelligent. My father is currently a University professor who had worked at Primerica for 8 years. The reason he quit Primerica was not because it was a scam, but because we had changed cities and he simply wasn't making enough (yes, its possible not to make an obscene amount of money in MLM companies)
I am a university graduate with a Bachelors degree in Computer Science from DeVry Institute of technology. I've been working a computer networking job for the last 5 years and was looking for something new. A friend of mine recruited me to WFG 3 months ago.

I went to my first meeting, and my initial inclination was "RUN!". It smelled bad from the get-go, so I did what all of us did. I went to the Internet for sources. Most of what I found were complaints about it being a scam, but there were a few comments here and there from people who worked for the company (such as the ones posted above) backing it. I decided to proceed further. I went back to WFG with some ammo. It was a list of questions and comments that I had gathered online over the course of a week to see if I could back someone into a corner and get them to admit the truth: that they were sacrificing goats or something. Looking back on that, I do feel kind of guilty. The fact is, the majority of the comments that are online are from people who did NOT make an opinion for themselves, or judged too early (ie: they stole $15.00 worth of gas from me).

After all my questions were addressed, I sat down with the WFG rep and decided I would hear what he had to say about my finances. He introduced me to HELOC's, non-RSP's and a bunch of other terms I had never heard of. Probably another scam right? Wrong.

I went back home and looked at these "weird" things that my rep was talking about. I went to my bank and spoke with a representative about the differences. He backed up everything the WFG rep said. Interesting.

So at that point, I paid my $125 to get started. They did the background check and I started learning more detail about different investment options, insurance options, financing, and loans. I've now been there for 3 months, took some courses through the Business Career College and I just recently got provincially licenced. I'm seeing my first clients tomorrow. It's a married couple who have a young boy and no insurance coverage. If he or she dies and they lose their source of income, they're completely and totally screwed. Yes, I'm going to try and sell them insurance, but yes it's important. If I made no money on the sale, I wouldn't really care. It's not something that should be ignored.

Yes, there are more costs. You're starting a business for pete's sake. In total, I've paid about $500 to get my licence over the course of 3 months. Now before you say I got scammed for $500, I also paid $30,000 for a DeVry education. $500 is peanuts for the amount of information I have learned. Also, $300 of it went to the Business Career College, an OUTSIDE source of education, AND it was OPTIONAL. By the way guys, since I own my own business now, I will probably get $1000 in tax write offs over the course of my first year in gas receipts and car expenses alone. The money I make from clients doesn't come out of their pockets either. I teach them about debt consolidation, and using the money saved from that, I get them into invesments or insurance so that they're actually financially stable when they retire. The money I make comes from Royal Bank, TD Bank, CIBC, TransAmerica and other companies that we choose to invest with. Not the client. Thats the big scam. Woo.

Guys, it's not for everyone. If you're closed minded and want to run because of something you read online, thats fine. I know I almost did it. But instead, I decided to plow through what other people said and I made my own decision. It's not a scam. it's a different method of running a business. Thats it. I hope that helps guys. If you have any questions, feel free to ask.

-Adam C

[Insurance Guy]

Though I tired before reading all of Insurance agent's long Post.

From what I read about his statements on cost, it is in line with normal costs, most all insurance agents are self employeed, Becoming an insurance agent is paramont to starting your own Business. Though any company should not make a profit from the reqruiting process, there are many costs involved.

I am an from a "competitor" (world is not competatively priced in Florida) The costs paid to the company are $149. it includes the appointment fee with the state, about $60 in florida to register an agent to sell insurance for that particular company, it includes back ground check, which is also a state requirement, 250 Business cards, 20 leads (I set about 15 appts for each 20 leads, they are good) at a "retail cost of about $340, additionally I go on at least 3 appointments with each new agent ussually to get them their first sale and they make money.

In order to sell isurance you have to be licensed which has cost involved (but that is between the prospective agent and the state) in Florida you must take a course which cost $100, fingerprinted $63, and an $100+ state application fee.

In summation Why would someone post something as a scam that through their ignorance makes a fool of themself? If you don't know what you are talking about you might want to keep it to yourself, that way only you know you are a fool instead of everyone knowing it...

Mark

[rush_hour]

hi,
Last week i joined WFG (canada) as a friend of mine gave my reference to his upline who on a fale pretense came to my house a month ago. After couple of "interviews" and i thought let me give a shot. Neways i am confused right from the beginning and get even more when i read on the internet about WFG. I still have lot of creditbilty and aggressive marketing issues with WFG.

To give you my background, currently i have a nice full time job and have no background in finance. So i thought to learn something about finance, it would be a good idea to get some "free" training WFG provides.

At this point, i am going through ASAP program in which i have to give some 25 reference to upline , which i don't like because i think they should provide finance training first and then field training with my references. I keep getting the impression at the WFG office i deal with, is that they are interested ONLY in my referrals, (of course i read all horrible stories in this and other forums regarding how aggressive recruiting the only thing in WFG) so that my suscipicion grows bigger that they woulnd't care about financial training.

question i have for you folks, can somebody leave after getting the necessary licenses and work independently or join another broker firm, not that i have much intentions of switching my career to finance but such licenses give an option when your job market is down. and how many types of licenses in finance industry are there in canada (all i know is there are licenses in life insurance and mutual funds), how often do you have to renew licenses?

thanks,