World Financial Group or WGS

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Apr 3, 2006 12:55 pm

Has ANYONE had any success at World Financial Group or World Group Securities? I know they are MLM but since they are a broker/dealer as well, I wondered if anyone had anything good pr positive to say about them. Their are tons of negative but I wanted to know of any success stories (if any).

Apr 3, 2006 1:05 pm
MOTU:

Has ANYONE had any success at World Financial Group or World Group Securities? I know they are MLM but since they are a broker/dealer as well, I wondered if anyone had anything good pr positive to say about them. Their are tons of negative but I wanted to know of any success stories (if any).


Is this the latest incarnation of AL Williams?


Here's a rule of thumb.  If there are "Tons of negatives" you're not going to find any legitimate positives.

Apr 3, 2006 5:10 pm

Well most of the negatives are rebuttable to me since these individuals dont know how financial services works at any nother companies.  I just want to know if anyone has any experience with this company. And if so, what are the pros and cons i guess. 

Apr 5, 2006 2:26 am

The pros are that you can have a JOB while building your "practice" and keeping your licenses.


The cons are the people working there!    Alright, but the CONS are that you don't have a quality name brand to back you up.  People who have ever been to an "opportunity meeting" will see that people who are affiliated with the firm are NOT a financial advisor FIRST.  They do this "on the side" - and are NOT professional and DON'T make good money.


I'd hate to be the CLIENT of a WFG or Primerica rep!

Apr 6, 2006 10:01 am

Supposedly you would be able to sell mutual funds from various companies, do IRAs, mortgages, or anything that the client would need given that you are licensed.  But some websites say that they push you to sell VULs which have a high upfront commission. 

Apr 6, 2006 2:41 pm

WFG is a stand out company that focuses on the middle market that most of the Insurance Industry is missing the boat on. By the way, the last time I checked, we should all encourage eachother to pursue our dreams of being better tomorrow than we are today. That's what WFG is all about... helping people achieve their dreams. Dreams of financial Secuirty, Business Ownership, Helping others, and making a difference.


There are many that do not understand WFG; therefore, they discount it. The same reason you would open up your own insurance agency is the same reason you should consider the WFG Opportunity.. it's all about duplication.


Good Luck to you in Pursuit of your Dreams !


Apr 6, 2006 3:17 pm
msjrep:

WFG is a stand out company that focuses on the middle market that most of the Insurance Industry is missing the boat on. By the way, the last time I checked, we should all encourage eachother to pursue our dreams of being better tomorrow than we are today. That's what WFG is all about... helping people achieve their dreams. Dreams of financial Secuirty, Business Ownership, Helping others, and making a difference.


There are many that do not understand WFG; therefore, they discount it. The same reason you would open up your own insurance agency is the same reason you should consider the WFG Opportunity.. it's all about duplication.


Good Luck to you in Pursuit of your Dreams !




Yeah right you just keep believing that.  .....

Apr 6, 2006 4:04 pm

I always had the impression that WFG was more of the "Pyramid" model than a real firm.  Step 1) Join WFG.  Step 2) Sell yourself, friends, and family insurance. Step 3) Recruit friends and family underneath you.  The emphasis I always got from their reps was ALWAYS on the recruiting aspect, with insurance/VA/VUL a distant second and advisory business a VERY distant 3rd.


Is that still fairly accurate?

Apr 6, 2006 4:41 pm

Yes, it is a MLM scam, just like primerica.

Apr 6, 2006 6:08 pm
msjrep:

WFG is a stand out company that focuses on the middle market that most of the Insurance Industry is missing the boat on. By the way, the last time I checked, we should all encourage each other to pursue our dreams of being better tomorrow than we are today. That's what WFG is all about... helping people achieve their dreams. Dreams of financial Secuirty, Business Ownership, Helping others, and making a difference.


There are many that do not understand WFG; therefore, they discount it. The same reason you would open up your own insurance agency is the same reason you should consider the WFG Opportunity.. it's all about duplication.


Good Luck to you in Pursuit of your Dreams !




The scariest thing about this quote is that it sounds just like ed Jones.  Insert EDJ everywhere this poor deluded soul has WFG and this could be the rah rah speech some idiot would give at a Jones regional meeting. 


No substance, no ideas that can add value, just feel good crap that means nothing.


"we are all helping people"  "we are the only ones who care about the little guy" "I feel good about myself because I sold someone the growth and income mutual fund that will change their lives forever"  what a bunch of crap.


Good luck in pursuit of your dreams......ya right.  Sounds like you signed on last week and bought the bs story hook line and sinker.

Apr 6, 2006 6:34 pm

Some friends of my wifes parents called me last week and wanted to come over to my house and talk about their new "opportunity" in the financial services business.  Just for sh*t's and giggles I said sure come over.


So they show up with their "trainer" ready to give their presentation to me and my wife.  The "trainer" acknowledged that she knew what I did for a living, and that I would probably learn some things from her talk.(she must have thought I still work for Ed Jones) Then the "training" went like this: 5 minutes on how great Primerica is and how it is part of Citigroup, 5 minutes on credit card debt and how it is ruining america, 5 minutes on the rule of 72, 20 minutes on simple interest mortgages and monthly reamortization as part of her "how life works" segment.  The close was... now that you know how great Primerica is don't you want to transition you business to our platform?(Not a joke, I actually respected her for asking for the order)  Needless to say she had never heard of LPL, which I took very personally.  So I of course agreed to join her.


That was Saturday, Monday I fired my assistant, canceled my lease and have been sellilng simple interst, monthly reamortizing mortgages for almost a week.  Wow, life is good! Now I am really helping people.

Apr 6, 2006 6:51 pm

Thanks EZ, I'm laughing my a** off over here!!!

Apr 6, 2006 7:41 pm

OK...first off visit this website www.wfg-offline.com .  2 years ago when I was looking for a job and these people contacted me, maybe from a monster posting or something, they somehow got their hands on my resume.  I went in for an interview in this shady building.  The company was a mortgage company and this young guy, maybe 28 interviewed me.  Seemed shady from the get go....started talking about mortgages and then the discussion moved towards "financial planning" and what not.  Being the first time I was looking for a job, I started asking about benefits and so on, and they kept dismissing this by saying "yeah we will work something out."  All the while they were selling this man who apparently was their "marketing director" about how he is some financial genius and I got to meet him. SO in walks this guy wearing a $150 suit and some beat up lace ups with a cheap tie and a shaved head.  Tells me how the process goes.  Tells me I would need to write a check for $100 for a "background check."  Needless to say, I hid my laughter until I left, and when I got home first thing I googled was WFG scam, and to no surprise there were about 10,000 hits.  So I spent about 2 hours reading all about this pyramid scheme.  Oh yeah, these guys told me I would make 50k my first month if I was "driven."  I mean what a JOKE.  This may be a viable route for a supermarket cashier who has no spine and wants to sell negative am mortgages and VUL's to their white trash extended family, thats the extent of people who should be involved in something like this.  Man, funny to hear that name I almost forgot about what a comical experience that was.

Apr 6, 2006 7:49 pm
GOLFPRO:

OK...first off visit this website www.wfg-offline.com .  2 years ago when I was looking for a job and these people contacted me, maybe from a monster posting or something, they somehow got their hands on my resume.  I went in for an interview in this shady building.  The company was a mortgage company and this young guy, maybe 28 interviewed me.  Seemed shady from the get go....started talking about mortgages and then the discussion moved towards "financial planning" and what not.  Being the first time I was looking for a job, I started asking about benefits and so on, and they kept dismissing this by saying "yeah we will work something out."  All the while they were selling this man who apparently was their "marketing director" about how he is some financial genius and I got to meet him. SO in walks this guy wearing a $150 suit and some beat up lace ups with a cheap tie and a shaved head.  Tells me how the process goes.  Tells me I would need to write a check for $100 for a "background check."  Needless to say, I hid my laughter until I left, and when I got home first thing I googled was WFG scam, and to no surprise there were about 10,000 hits.  So I spent about 2 hours reading all about this pyramid scheme.  Oh yeah, these guys told me I would make 50k my first month if I was "driven."  I mean what a JOKE.  This may be a viable route for a supermarket cashier who has no spine and wants to sell negative am mortgages and VUL's to their white trash extended family, thats the extent of people who should be involved in something like this.  Man, funny to hear that name I almost forgot about what a comical experience that was.


So, did you take the SW Bach offer?

Apr 6, 2006 8:02 pm

No I ended up going with Primerica........and I do Amway on the side...

Apr 6, 2006 8:04 pm
GOLFPRO:

No I ended up going with Primerica........and I do Amway on the side...


Is that when you're not competing on the tour?  Are you in Augusta this week?

Apr 6, 2006 8:15 pm

Apparently you are one of the "funny guys" on this site?

Apr 7, 2006 1:10 am
GOLFPRO:

No I ended up going with Primerica........and I do Amway on the side...


seriously?

Apr 9, 2006 6:58 pm

low pay out on heavy loaded products you peddle to friends of friends...well at least until they migrate

Apr 11, 2006 9:46 pm
joedabrkr:
GOLFPRO:

No I ended up going with Primerica........and I do Amway on the side...


seriously?



Are you serious?