World Financial Group

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Jan 26, 2009 12:01 pm

Is anyone familiar with this organization?  Is it a legitimate indy or is it a pyramid scheme?

Your advice is appreciated.
Jan 26, 2009 12:11 pm

SCAM

 
http://www.investmentfraudlawyerblog.com/2008/06/havethings_changed_at_world_f.html
 
 
Jan 26, 2009 12:38 pm

This is a Spanish firm, but is not active at this time due to regulatory problems.  Look at the public version of CRD ( broker check ), the firm's CRD # is 47747.

Jan 26, 2009 12:49 pm

I don't think that's the same firm.  It's owned by Aegon who also owns Transamerica.

Jan 26, 2009 1:14 pm

From what I've seen, it's on par with Primerica.  I've yet to see anything but pikers come out of WFG.

Jan 26, 2009 6:53 pm

Bunch of morons who could not make it at a real B/D who were chasing the promises of big $$$$$$.

Jan 26, 2009 7:08 pm

Don't they have a reputation of slamming all their clients into VUL's and Equity Index Annuities?

I heard their a lot like Amway.

Jan 26, 2009 7:11 pm
HymanRoth:

Don't they have a reputation of slamming all their clients into VUL's and Equity Index Annuities?

I heard their a lot like Amway.

 
From your posts, sounds like your kind of firm.
Jan 26, 2009 7:55 pm

This firm is a joke.  They hire right out of high school, will take anyone on.  They are always recruiting because its a pyramid.

Jan 26, 2009 8:24 pm

I know of a few people who came out of that firm. They are all brainless robotrons. They are taught to sell high commission products to anyone who wants to buy them and they are proud of it to boot.

Jan 26, 2009 8:25 pm

That's kind of my impression...I'm envisioning some fat sweaty guy using his basement for a weekly circle jerk with all his polyester-suited recruits.

Jan 26, 2009 8:27 pm

When the guys on the World team play hoops with the Primerica guys,. they are pretty much guaranteed to get a facial trying to defend the basket. Even Primerica looks good next to them.

Jan 26, 2009 10:11 pm

heard its a great firm if you are at the top of the pyramid