Wfg Sucks Customer Reviews and Feedback
World Financial Group (WFG) is a multi-level marketing company based in Johns Creek, Georgia, a suburb of Atlanta, which sells investment, insurance, and various other financial products through a network of distributors in the United States, Canada, and Puerto Rico. It is wholly owned by Transamerica, a subsidiary of Aegon.
Former Employee - Training Associate says"I worked at World Financial Group part-time for less than a year Cons: •Upfront costs: Lose more money initially when you have not been paid yet. •Hard pressure: It is not right that they force you to stay in this firm. We have the free will to decline. They come up with many excuses to pressure you to stay. •Low start off compensation"
Former Employee - Associate Recruiter says"I worked at World Financial Group part-time for more than a year Cons: Start up fee and minimum transparency in variety of things."
Former Employee - Independent Consultant says"I worked at World Financial Group full-time Cons: It's a Legal Pyramid Scheme"
Former Employee - Independent Agent says"I worked at World Financial Group full-time for less than a year Cons: Poor Leadership Poor Communication No Transparency No Training Deceptive Practices Poor Commission Structure"
Former Employee - Anonymous Employee says"I worked at World Financial Group part-time Cons: trying to get my $100 and then start recruiting people"
Former Employee - Agent says"I worked at World Financial Group part-time for less than a year Cons: Making their own advantage and make money from new people"
Former Employee - Senior Marketing Director says"I worked at World Financial Group full-time for more than 8 years Cons: Sneaky Leadership Tactics They make you believe you “own a business” and the second they feel you’re expendable they will let you go or take you to court for chargebacks. Even if it’s under $15,000 WFG/Transamerica is a Greedy vicious company feeding off of vulnerable. Be aware. If you’re looking for a better FMO to work in. Try a company better suited to Properly Helping People"
Current Employee - Financial Advising Intern says"I have been working at World Financial Group part-time for less than a year Cons: they scam you into asking your friends and family to buy insurance"
Current Employee - Anonymous Employee says"I have been working at World Financial Group part-time for less than a year Cons: As with any MLM, you might get friends/family hating you. Would come easier if you knew a lot of people and might have similar interests in MLM stuff"
Current Employee - Trainee Associate says"I have been working at World Financial Group part-time for less than a year Cons: WFG uses your friends to get you into a presentation that is supposedly a financial training, while it is just a misleading recruiting event. They instruct your friends to get you signed up for the job as quick as possible. You have to pay initially to sign up. You would not know you are part of an MLM until later in the process. To make any meaningful progress you have to participate in their aggressive MLM game. To begin, you should bring 3 recruitments and 3 prospects in 30 days, and the cycle repeats. I asked to resign immediately, when I found out about the MLM nature of the work, and they did not give my money back."
Health and Life Insurance Agent (Former Employee) says"Starting commission 12 percent. Steal clients. Slow to pay commissions. High monthly fees. People at top will steal your commissions. And the clients you bring in. Charge for everything. No real training."
Senior Marketing Director (Former Employee) says"They lie and promises you the world to get you pumped up. But your upline only cares about making money off your friends and family. You pay 100 bucks for background when they don't even do a background check. You pay money for conventions and training on drinking the Jim JJones Kool Aid and and learn nothing. But faking 2 make it. Your upline lies on how much money they make until you become an SMD."
Associate (Former Employee) says"This company from the outside will be convincing as a feasible position, and really depends on the management (upline) lap you fall into. The monetary gain is solely commissions based and is heavily front loaded with personal investment and little to no return. Chargebacks are routine. There is a lack of professionalism, training and unmonitored harassment that will hopefully decimate this unfairly commissioned structure of a brokerage. Cons: Everything else"
Contractor Sales (Former Employee) says"They will sell you a dream about this company, then they make sure you pay $150 for a "credit check". Once you discover that they hire people who participate in fraudulent activities and decided that this isn't for you it is nearly impossible to get in touch with anyone. Their head office is basically all automated. Making sure that all of your personal information has been discarded appropriately is very difficult. I DO NOT recommend this company, and I am highly disappointed that there isn't a better system on indeed to filter out scammers such as WFG. Cons: scam"
Financial Advisor (Former Employee) says"It is a literal pyramid scheme. They harp on it not being a pyramid scheme by showing you how it's "not" a pyramid scheme. THE IRONY IS THAT THEY ACTUALLY SHOW YOU HOW ITS A PYRAMID SCHEME. Money will never EVER be secure, you may get one check in 2 months. Just don't do it man. If you're friends or family are in the business just pray for them."
Salesperson (Current Employee) says"you own your business, you can do it whenever you have time. Cons: rest whenever you want"
Training Associate (Former Employee) says"Most of the information about the products is not fully disclosed and the training inadequate. This is ,in my personal opinion, a pyramid type organization where you are asked and pushed to bring new people into the organization and actually need to do this in order to make any real money. Cons: everything else"
Wealth Management Advisor (Former Employee) says"They "hire" anyone who is breathing. They are only looking to get a list of your friends and family so your "trainer" and up-line managers can make money. Cons: People above you in the organization make the money, Selling insurance, selling to your friends and family."
Financial Consultant (Former Employee) says"Wolves disguised as sheep... who lie to your face to try to get you to use your family and friends..for truly their own financial gain. They are just trying to get in your warm market."
Personal Assistant (Current Employee) says"The guy who I worked for didn't assign me any work so I would spend my time looking for things to do, Not a bad company if your working for yourself. If you want to invest in your work"
Associate/Admin Assistant (Former Employee) says"Always training on everything that came in. Many events that required attending for motivation. Some team leaders were great while other not so. There were always fees for training. Cons: out of pocket money"
Escrow Officer (Current Employee) says"Overall communication did not exist. The attempt to keep clients and bring in new clients was always first. Understood in this industry however communicating to the staff that will be responsible for keeping that client is key, didn't happen. Cons: Lackof communication"
Insurance Sales Agent (Former Employee) says"provided a good concept to their products, they had many products that you can tap into the problem was that they did not encourage the sales of these products as much as they encourage the recruiting Cons: direction was not balanced more recruiting than sales."
Senior Associate (Current Employee) says"You are in the field so long, your tendency is to neglect your family. Since you own the business you will have to work double time harder to make it work."
Analyst (Current Employee) says"This company is a lot more laid back then most however the politics in this office are worst then most. Advancement is only for certain people and those people are consistently promoted while others that have all the knowledge and do all the work are consistently held down. Cons: advancement only applies to the same people over and over"
Georgia resident agent (Current Employee) says"독립적인 에이전트 연합이므로 개인의 시간과 능력에 맞게 일할 수 았고, 커미션 및 실적의 투명한 관리가 특징인 회사입니다."
Financial Advisor (Current Employee) says"What you do at Transamerica/WFG is go around helping families with their financial situations and try to provide them with a better opportunity in life"
Business Owner/Agent (Former Employee) says"Commission only, first 10 appointments if they sign up go to trainer. so don't use al your warm leads because you will run out of leads."
ImpactLD-CEO says"#Entrepreneurism is met with skepticism because people who have been conditioned to think only a certain way don’t… https://t.co/iyVET0u85G"
Falcon Apoda says"@readingmum1 @Ramsamgab @cheuriibee @KarenAttiah I never once said Cuties was "great". My views about it more or le… https://t.co/24leMyFBvA"
Aileen Anonas says"RT @therealwfg: WFG’s commitment to Wealth & Health means contributing to the bigger picture. We look forward to @BerniceKing’s stories and…"
Falcon Apoda says"@Ramsamgab @cheuriibee @KarenAttiah Shapiro actually does a decent job of explaining it... https://t.co/JdH1MZ1YS6"
In The News
Portland Business Journal reports"First person: My real estate cyber fraud nightmare before Christmas"
Washington Post reports"Scam of Oregon home buyer offers cautionary tale on the perils of wiring closing funds without verifying email"
Mortgageorb reports"WFG National Title Insurance Hires Rob Sherman as SVP, Regional Director"
GlobeNewswire reports"US ECONOMIC UNCERTAINTIES DRIVE TIMESHARE CANCELLATION INQUIRIES IN RECORD NUMBERS FOR WESLEY FINANCIAL GROUP"