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GCG Wealth Management / Commission Hungry

1 Charlotte, NC, United States Review updated:
Contact information:

GCG is a commission factory, generally only care about how they are getting paid, not what is best for the client. Watch yourself with this company, they will try to sell you the highest commissoned product they have, like the VAL '95 or annuities.

Bi
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Comments

  • Ch
      10th of Sep, 2008
    0 Votes

    Thanks for the heads up, I met with someone from there and almost gave them a big commission.

  • Ja
      17th of Oct, 2008
    0 Votes

    I have been with GCG for 11 years. They handle all of my investments and insurance. I've been happy. That is weird that someone has a complaint about them.

  • To
      18th of Oct, 2008
    0 Votes

    Whats even more strange is the person that started this thread sounds like a ex employee, that got let go, for being lazy.

    The only way they would know the product is named VAL95 is if they were an ADVISOR!!!

    The name of the product to the public is not VAL95 and only someone that worked for GCGWM would know that.

    VAL 95 is one of the best products out in the market and has a industry standard commission.

    So " Bill" get lost and go work for Wachovia!!! Maybe they have a cubicle you can hide in?

  • Bi
      27th of Oct, 2008
    0 Votes

    People at GCG seem mature.

  • Bi
      12th of Nov, 2008
    0 Votes

    I have met someone from GCG and they seemed very salesy. They kept trying to push some VQL OR VUL product on me. I wouldn't trust these people either.

  • Gc
      15th of Jun, 2009
    0 Votes

    High Commissions are natural with Insurance products...the problem with a company like GCG is that they don't have access to the better products on the market. In this economy, you need to be with a highly rated company, typically a mutual (e.g. TIAA CREF, NY Life, Northwestern Mutual). GCG just pushes whatever products they can get their hands on.

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