The Truth Behind WFG
ฝัง
- เผยแพร่เมื่อ 15 ต.ค. 2024
- Having over 3 years with World Financial Group the answer is yes its a great company but a common misconception around the entire industry is that you make big money right away. The truth is you will work hard, very hard your first few years as a Financial Advisor regardless what company you are with. But if you stick it out, keep consistent and do the right things for branding the career is very lucrative.
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![Insurance MLM Scam | $30k In Debt, Homeless, Living Out Of Car [My Reaction]](/img/n.gif)
Would you trust someone with a haircut that looks like a pyramid
Egyptians were building pyramids 1000's of years ago because they are one of the most solid foundations any structure could be built on. Good hair...good foundation
Love how you replied back weeks later you must have some time off since WFG is being investigated.
@@Nilesp81 LOL REALLY?
@@Nilesp81 spill the tea
@@Nilesp81WFG has been fully operational, though. Investigations are a blessing truly, because as a brokerage that creates independent contractors, there are bound to be individuals taking advantage of such system. It hurts the consumer and it hurts the company if someone operates unethically. So I say, alright to that.
Well paying = Well screwed customers
My friend got a degree in Egyptology but can’t get a job so he is paying more money to get a PHD so he can work teaching other people Egyptology. In his case college is literally a pyramid scheme
😂😂 best comment right here
lol that’s the truth that most people don’t see !
How timely considering the recent action against WFG in Canada
Highest regulated industry in the world and I'm thankful for FSRA and other regulatory boards that keep us protected by doing their job investigating poor choices made by bad advisor's
I made money in MLMs before leaving big dawg. I know how it works and I’ll make sure to come back here after WFG gets slapped down in Canada to hear your next explanation
@@catalystrvaWFG isn’t getting smacked down in Canada. They will still be doing business in Canada after the investigation is over. If you think a company owned by Aegon will cease doing business in Canada you got something else coming.
Minor critique, but the vast majority of reps with WFG are insurance agents, not financial advisors. And there is a big difference. Beyond that, I agree that the profession is a grind but very rewarding!
Not all but vast majority can't argue with you there. The ELITE always separate themselves from the pack, I didn't get where I am today by being "the vast majority"
@@trappergoldsmith Yes, "vast majority" implies I did not mean "all." Unfortunately, the "pack" at WFG seems totally uninterested in becoming an FA. In fact, they regularly trash FAs and any account/strategy that does not start with "indexed." I guess they don't want to become elite. 😉
@@tommymodec I'd say the regular trashing goes both ways...traditional FA's tend to look down on WFG advisor's. Not "all" of them but "vast majority" ;)
@tommy my office says TRANSAMERICA FINANCIAL ADVISORS, and ur right there buddy when I spoke to a 65 year old white man from Charles Schwab about his emotions of uncertainty in his products he brought up his economist and started talking about how many pairs of the same shoe he had in different colors. That was 8 years ago, shortly after that I spoke to Dan Galvanoni who sold DPG investments out in OC for 700 million, subprime auto lending company. Billionaire status, I spoke to him on the phone and my friend who was my upline and he was completely unaware of this information on tax reform and HIS CLIENT WAS CHARLES SCHWAB. The apple doesn’t fall far from the tree, same with the title, Transamerica Financial Advisors, because as you know WFG is a Transamerica company
You don’t know much about the business. Insurance agents? Lmaoooooo
pyramid scheme LMFAOOOOO bro
🤔🤔
Says the person who prob makes 15 bucks an hour. Yea everyone should follow you calling everything a pyramid
@@trappergoldsmith😂😂😂
@@TheOpinionSportshow do y'all make money? By sales or recruitment?
@@1wun1 by sales only. Where would the money come from recruiting someone?? Think about it. You could recruit 100 people but if you don’t show them how to sale then nobody makes anything.
Lets keep this postive motivation going by starting a chant!
*Al Ways Mar Co*
*clap, clap, clap clap clap*
*Lets Go Mar Co*
*clap, clap, clap clap clap*
I earned 6 figures too, 6 figures in debt
Sounds like you made some poor business decisions
@@trappergoldsmith he sounds like nearly all of the people I know who joined any of these “amazing” companies that you listed, lol. Broke, no true friends, family that avoids them, etc… shall I go on? If you are truly committed to this endeavor and refuse to acknowledge what it is, I hope you sued into oblivion and find yourself on the brink of homelessness. Emotionally predatory sales
tactics and pyramid schemes like the ones your “company” is involved in make people like you the scum of the earth, lower than the most corrupt career politicians.
ITS A SCAMMEE EVERYONE. THATS WHAT A SCAMMER LOOKS LIKE!!!
Explain
@Ritzy87 if WFG is a scam, why hasn’t the U.S. Government file charges against them? Some major Insurance Companies i.e. Nationwide, Transamerica, John Hancock and over 20 more are providers. So why would they align themself in a pyramid scheme?
I promise you, if you’re looking to build credibility in the industry, WFG is NOT the place to do it.
It’s crazy how wfg is a beautiful distributing platform in financial services. It’s the Amazon in the financial sector and people in the comment who have no clue of entrepreneurship making uneducated comments
That’s what people who don’t believe they can make a lot of money say or people who don’t believe it’s possible to make that kind of money
WFG = Scam Financial Services.
Very interesting I do agree
bahahahahahahahaha
There's a difference between earning six figures and actually being knowledgeable enough to properly advised clients. You can easily learn six figures because the people that you're selling product to don't know any better. This industry is not supposed to be promoted on how much money the agent makes, it should be promoted on the financial situation of the clients after dealing with the agent.
MLM's better watch out, AlwaysMarco is coming.
Get ‘em marko. Marko hunts these fools down.
Goonz
It’s not easy because it’s an MLM
Ok do the industry outside the so called mlm and it still won’t be easy!! Lol
@@TheOpinionSportsbeing just s financial advisor is much better than having to recruit people just to make money, in a MLM! The person who recruited you gets most of the money from clients and/or recruits you bring in
If it’s not an MLM, it’s uni-level. Which we know doesn’t exist. The difference is within WFG, even at the bottom, there is room to advance. In others, there’s not.
@@WFGFanaticwell said
@@17PAT17they do not get overrides forever, you have the ability to promote up through personal production as high as possible, if the person recruits you is at 50% contract level, you’re able to reach the same level and now they would no longer get an override and so forth
every business takes time to growth....
Agreed
How did you earn most of the six figures, from selling the financial products to customers, recruiting or both? It seems they over emphasize recruiting and creating new "agents" more,than anything else and that probably is what has scared away the so-called " failures". Your opinion would be helpful.
Hey please tell me, if we both are fellow WFG agents, and we interact, is there a reason for us to be at loggerheads cz we might try butt into each other's business by poaching clients? Please enlighten. I'm a new agent.
Please never do business with WFG you’ll never win in their scheme
R the products they sell a scam like insurance policies or just the idea of recruitment is a scam?
@@metrosb2593 what they’re selling is not a scam even tho it’s possibly the worst you could get but that’s what make it legal so it’s not only a pyramid scheme it’s called a multi marketing scheme
@@letoma7646 thanks I figured they the products they were selling were either over priced or not in your favor. I just went directly to the provider so they don't middle man me.
I've been winning every year and there's nothing special about me
@trappergoldsmith you might be winning, but can you actually say the same for your clients? Can you honestly say your not pushing shit funds like yorkville to your client?
OK guys you can’t be mean you go on trips with your parents I went to Las Vegas somewhere in Banff and so many other places because of what is happening my life has turned around ever since my parents are working at WFG they have world financial business and we’ve got a bigger House than my dad helps people so don’t be rude about it just give it a try
Never work or open up investments or insurance at WFG you guys. I beg of you. Based on experience, they don’t care about their clients. They only care about recruiting new people into their schemes and making more and more money. I’ve got family members the have been targeted by these people including myself.
Don’t get mad cause you prob didn’t follow the system or attend trainings then like most you blame the company. What did you do to contribute to your failure?? Be honest
@@TheOpinionSportsThe system is broken. One of the red flags is that you have to pay just to “show up to the meetings” what legit company does that? That sounds retarded. The only valid excuse that makes people confused that think WFG isn’t an MLM is from the expenses you take for the study material. But it’s the same as Primerica or any finance MLM. If you work at a normal insurance agency you get 100% commission or salary base on the products you sell and they don’t recruit. You guys are scums for taking advantage of families, immigrants, or anyone naive enough to believe you can own your own “business” but it’s through these companies that take fees from you, or any product or service you bought from them. And then the conventions which is just mindless motivation to how the dream is “real” and anyone can do it. Stop lying to these people and thinking they are excuses because the commissions you get from an MLM will not make you survive even if you get “promoted” all that money is going through the up line and company you are working through and they set up a point system to see if you go on these trips or your next “promotion.” You guys really like selling this impossible dream to people with this business model. Only the people who get in early enough in the MLM as such or the 1% are the only ones who are making money and not losing it. The rest of 99% are losing money and will keep losing money than gaining money.
Ripping people off.
Trapper sounds like a cool name
how about in cemetery and mortuary
People who think this stuff is a scam or mlm don’t understand how pyramid or mlms work. You literally do not have to recruit anyone to have a good career with it. No you will not make 6 figures in your first 10 years probably. But is it possible? Yes it is , in mlm or pyramid the people above always make more $ in this type of work you can make more than those above you. If they rely on you and don’t do anything themselves then you will have better finances than them.
Was that a financial claim I heard 👀
Yep
Income disclosure for wfg ? lol
Idk Wfg paid for me to go to Mexico before I even finished my licensing sooo
Lol Yeah Trust someone fueled in what is worst than pyramid scheme, mlm
It’s an MLM.
Did you go to school to get your advisor
I have a four year bachelor of Commerce degree at the University of Mount Royal 👍
This guy should be embarrassed that he is publicly defending a known pyramid scheme. How can you have such little shame?
Show me the legal resource that World Financial Group is a "known pyramid scheme" and I'll gladly leave the company
@@trappergoldsmith your only lying to yourself , im not saying your a bad man , you probably just got brainwash by your higher up and for that i feel bad for you
@@trappergoldsmith It literally shows up on list of MLM’s on Wikipedia 😂😂
@@scro0213 uuhh...that would be because it IS an MLM company. Multi Level Marketing, Network Marketing, Affiliate Marketing 100% 🤔 it's one of the most successful marketing system used by some of the most trusted companies in North America.
World financial group has no products. They sell everything you see being promoted on football. However. The CEOs literally help create some of the products themselves with Contractors such as Transamerica etc. they are a literal pyramid building. No one in Wfg has shame for anything outside of not being a marketing director.
Show that bank statement.
6 figures into debt 😂
I just started with WFG. I got into it by a pick up by an agent from Principle Solutions. I was not told it was WFG and do not like that he did not tell me that. Even so, I see the good and gold in this. This will be good in expanding my reach and business connections. I am willing to go to course.
Please leave them. For your own good
They sell you the idea of being a financial planner but the only thing you plan are insurance policies.
Leave this scam
@@veryrarebeats3246 I'm already preparing my exit letter to my mentor or whatever he calls himself. This is what gets my nerves in a bunch literally -
1. I was contacted and given a false company name. Therefore, I was thinking that I was joining a real financial group.
2. I was rushed to sign up and pay for the course, which after paying, showed the WFG emblem. I was thinking to myself, I know I heard of this before. Then, When is this man going to let me know what company this really is. He never did, just let me find out second handedly.
3. He pressures me to breeze through the course to get a quick license, with a crazy method of trying to quizzes without reading the material, even if getting zeros over and over. I do not study or test like that.
4. I got sick from the pressure and ended up in the hospital. He acted like he cared only to rush me back on the zooms where they drill into you to build the pipeline, ask your family and friends, blah blah blah.
5. They tell you about the 3-30-something like it's something great when it's actually you losing while they make money off the people you refer them to.
I was on a zoom last night and it made me get an immediate headache. That was my que to get out. I'd rather just continue my consultancy business whereas I know what I offer is legit and I am not out here scamming people for some big benefit to self.
@@Imraphael_ That's exactly what I have decided to do. This company made my health worse within two weeks.
Go scam someone else please. We are living in the information age.
And yet so many people are uninformed or misinformed it's a shame
Have some integrity, and find a different company!
SCAM SCAM SCAAAAAAAAAM
MER of 3%
Oh so you're a scammer
“Earned multiple six figures with the company” shut up 😂😂
Scam
Disingenuous .