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2.7 50 Reviews

World Financial Group [WFG] Complaints Summary

21 Resolved
29 Unresolved
Our verdict: Dealing with World Financial Group [WFG], which has an average resolution rate, requires some diligence. Research their service in depth and read a variety of customer reviews for a balanced view. Approach any customer service interactions with detailed and well-prepared queries to facilitate a better resolution process.
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World Financial Group [WFG] - scam interview

I was called yesterday for an accounting job at the World Financial Group, Chino, CA. I asked 3 times to make sure it is for the job that I am looking for. Finally, I went to the office, meet lots of employees and had some informal interviews. They said this is not a traditional interview and it will be one on one interview later. Then, there is another...

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World Financial Group [WFG] world financial group

I lost my friends and their families. I got nothing but trouble from being a WFG rep trainee. The mentor/trainer started a horrible 2-3 hour sales pitch to my "prospects." My friend got tired and did not remember what the rep said. Later, he called my mentor/trainer to follow up the contract, but nobody from the rep's office responded. What they want is more and more customers. They don't know how to build up a long relationship with their customers. Basically in this way, they are spreading the rumor that they don't care about customers. They come to you immediately to get you enrolled. After that, you will be left in the poorly managed hands. They rush to you again and again to sell you more products though. They don't know the meaning of "customer service."

For recruiting, their presentation works well for uneducated low class people from undeveloped countries -- it goes like "you can have a beautiful home, vacation in Vegas, Hawaii etc." Do not waste your time with them. Do not be a victim of fake financial version of AMWAY skin care sales.
You end up spending $500 to $1, 000 for license, certificates, classes to lose your friends.

If you want good financial/ life insurance products, go to big names where well trained and well established services are available.

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Update by Bunny Pink
Jun 01, 2011 1:12 am EDT

Thanks!

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Not as Dumb as I may look
Garden Grove, US
Sep 26, 2013 8:08 pm EDT
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I have read 6 reviews now, enough to know NOT to waste my time going to "interview" on Saturday morning in Brea.My call came from a MATT, whom I had to ask to spell his name as even that was undecipherable from this marble mouthed marketer slash appointment setter. arghh ! RUN SCREAMING FOR THE PARKING LOT !

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MyPerspective
Centennial, US
Aug 28, 2010 1:34 pm EDT
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I totally agree. Before I was a WFG trainee associate, I had a bad experience with another insurance mlm type of business opportunity. So being the open minded optimist I am, I decided I should give another multi-level marketing company a shot. Not surprisingly, WFG training is a joke but a little better than just making cold calls off of old internet leads. My trainer asked me to invite friends and family to come in and do a financial dream maps where I can practice in front of them. What is really strange is WFG doesn't let their new associate actually practice in front of friends and family, WFG just let the trainer do all the work. In my opinion, you don't learn by not doing it. Absoulutely ridiculous!

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Georgio Armani
San Francisco, US
May 02, 2010 1:03 am EDT

Where there is smoke, there is fire.

So many complaints going around on Internet about them. WFG agents are so busy with putting out fire. That is something.

When they get turned down by customers, they usually blame it on the customers.
Very unprofessional.

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12:58 am EST
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World Financial Group [WFG] company

this company is absolutely the real deal, great financial advice. all the naysayers have never worked with the company they just enjoy knocking a company they really know nothing about. They usually have heard from a website or rumors. Get the facts straight before you call a company a scam, because wfg has no products they represent companies like ING, Prudential, Chase, Transamerica, Pacific Life. Yet the naysayers never mention23 the credibility of these companies they just say its not legitimate. Once again wfg has no pruducts!

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World Financial Group [WFG] my missing money

I invested with worldfinan-cialgroup through an associate Melinda Blue Taylor- Marketing Director .I transferred my acct. from another investment company because of my neighbor and friend Vicky Mason. When I met Mrs Blue-Taylor I was assured that this company was on the up and up. Little did I know that they were a wolf in sheeps clothing. Since my money was transferred to a company called Jackson Investments I was unaware of the transferred until I needed my money because of an emergency. I have tried to call and have left several messages for Mrs.Blue-Taylor and she has not returned my calls nor have I seen any statement about where my money is.If I don't receive any information within 48hrs I'm going to contact the State's Attorney General office about bringing possible charges of fraud against this company.I would appreciate hearing from someone on this matter right away.

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World Financial Group [WFG] - Bizarre Cult

I was recently invited to attend a presentation by a friend of mine who has recently been sucked into World Financial Group. He explained it as an opportunity to make a great deal of money and said that he wanted to bring me "on board". My "BS" radar was already switched on. Nevertheless I found it hard to imagine that a company like AGEON would be foolish...

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World Financial Group [WFG] RE: WINNING FINAL NOTIFICATION

Received a letter and a check dated February 19, 2009
stating I was a declared winner of North American Shoppers Sweepstakes held on December 29th, 2008.
Letter gave claim number and phone number of claim
agent, Mr. George Stanley [protected].
Similar scams I read on this site. Send government tax via Moneygram or Western Union directly to the tax agent.

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headupone
, US
Feb 11, 2010 2:10 pm EST
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BIG SCAM ALSO ----SKY INTERNATIONAL /UK-CANADA
this was the letter and check i received.

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Jms Nailsnwing
Willits , US
Jul 21, 2009 7:08 pm EDT
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I got a similar letter... Posted information including the check and letter at http://www.flickr.com/photos/nailsnwings/3744458886/

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JOSE D. SANTANA
Pawtucket, US
May 18, 2009 2:49 pm EDT

RECIVED A LETTER AND A CHECK DATE MAY 11, 209 (IN THE AMOUNT OF $4, 800.00) STATING I WAS DECLARED WINNER OF NORTH AMERICAN SHOPPERS SWEEPSTAKES HELD ON MAY 18, 2009 IN THE SECON CATEGORY. LETTER GAVE CLAIM NUMBER AND PHONE NUMBER OF CLAIM AGENT, MR ADAM JAGA [protected].SIMILAR SCAMS I READ ON THIS SITE. SEND GOVERMENT TAX VIA MONEY GRAM OR WESTERN UNION DIRECTLY TO THE TAX AGENT.

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Tony B
Edison, US
Mar 28, 2009 10:03 pm EDT

Received a letter and a check dated March 23, 2009 (in the amount of $ 4, 975.00)
stating I was a declared winner of North American Shoppers Sweepstakes held on February 7th, 2009 in the second category.
Letter gave claim number and phone number of claim
agent, Mrs.Brenda Hicks [protected].
Similar scams I read on this site. Send government tax via Moneygram or Western Union directly to the tax agent.

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Bonnie DeAngelo
Paulsboro, US
Mar 09, 2009 4:20 pm EDT

It is a scam...don't fall for it...

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Bonnie DeAngelo
Paulsboro, US
Mar 09, 2009 4:19 pm EDT

These people are scamming...I got the same letter and immediately went to the Internet to check out the validity. I knew I would find several people who have already been scammed...please don't fall for this scam.

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World Financial Group [WFG] - World Financial Group Scam

World financial group WFG is notorious. There have been multiple class action lawsuits against it and it is currently under SEC investigation. See enclosed article. Stay away from this company or you will regret. INVESTIGATION OF WORLD FINANCIAL GROUP CLAIMS Greco & Greco, in conjunction with local Ohio counsel, is currently investigating alleged...

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World Financial Group [WFG] Fraud and scam

When we first met Siu Cheung from World Financial Group in Fairfax VA office, she seemed nice. She was warm and appeared to be loving and caring. That was when she convinced my husband to buy $1 million variable life insurance about four years ago.

Time proves that the life insurance she sold him is a total scam. So far we have paid $16000 premium in four years. And we were notified we would lost the coverage unless we put in another $3000. We got the letter on New Year's Eve Dec 31, 2008. We don't have any more money to put in so the policy lapsed. There is $8000 left in the account and the company told him that the $8000 is going to cover commission and fees so we are not getting a penny back.

We want to get our money back but don't know what to do. Please stay away with group. Don't buy any policy with them!

If you are a lawyer and you think you can help us. Please contact me. God bless you.

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dharmawan
Chino, US
Mar 30, 2010 5:13 pm EDT

I was called yesterday for an accounting job at the World Financial Group, Chino, CA.
I asked 3 times to make sure it is for the job that I am looking for.

Finally, I went to the office, meet lots of employees and had some informal interviews.
They said this is not a traditional interview and it will be one on one interview later.

Then, there is another lecture for an hour by a rude chinese CEO. He keep using "freaking" words all the time. He yelled and keep telling people to leave the room if they do not like what they hear from him.

Then finally, one on one interview. I said, I am here for...I haven't finished my word.
And the man said yes, you are looking for an accounting job. I said yes, but I am confused with all of these and when I will be having the interview ? I spent 1.5 hours already listening to them and meeting people.

Finally he said, this is what they offer. There is no other job.

****this is a scam everyone. BE CAREFUL.*****
I lost my hours of work just to come for the interview. I am a victim of this financial practice."

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HateFraud
, US
Jan 26, 2009 4:20 am EST

You can file a complaint to:
Fraud Division of Insurance.(State you live).gov
This is from the Ca web site:
The core mission of the Fraud Division is to protect the public from economic loss and distress by actively investigating and arresting those who commit insurance fraud. The Fraud Division acts as the primary law enforcement agency in the State of California for investigating different types of Suspected Fraudulent Insurance Claims.
Do a google of your state for your website! Best of Luck!

Love from CA

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9:39 am EST
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World Financial Group [WFG] Ridiculous!

WFG is just a What The F#$k Group and you may lose a lot of money with them. So, don't believe what you hear from them or blame yourself! Their web-site is extremely fishy as well. Just read about the Rule of 72-nothing is guaranteed at all. Also, some statements like 'Help us protect your family in the case you live too long'! I think it's just ridiculous.

Final advice is don't pay no money to them and ask to return your cash if you already did pay. Don't fall in the same trap in which I fell!

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That_is_enough_WFG
Chicago, US
Dec 09, 2011 8:05 pm EST

The agent treated on me, making me loose $8000. ###! F%&k WFG!

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mmr kamal
, CA
Jan 22, 2011 4:04 pm EST
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my question is for all. why govt. allow this sort of business ?
if we know by experience that they are scam or fraud, no matter, as long as their is all established company or bank or institute for all financial matter then why this [censored] are running in front of all and all countries.
why law not taking action. are they mafia like money mart ?
thanks

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Bunny Pink
Livermore, US
Jan 16, 2011 11:14 pm EST

To Sue Again and other current reps from WFG,
You are so good at redirecting the subject. There is nothing wrong with educating yourself. The warning in this subject is that WFG does not pay for you. The tuition, registration fees, test fees, educational materials' price are all paid from your pocket money.

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Bunny Pink
Livermore, US
Aug 04, 2010 3:01 pm EDT

When you leave the organization, they call you "loser." that is their same old cliche, cheap talking. The paper work process is so slow. The office people don't speak English. Please educate the agents professionalism.

DO NOT LEAVE YOUR MONEY AND TRUST IN THEIR SLOPPY HANDS. THE SERVICE QUALITY IS VERY LOW -- UNLIKE OTHER FINANCIAL INSTITUTIONS.

Go to other old big names with knowledgeable employees.

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MyPerspective
Centennial, US
Jul 23, 2010 8:41 pm EDT
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It's not a team, it's a pyramid. A team is when each person relies on each other to get the job done. When you are a team member with WFG, you depend on each other to get promoted not necessarily helping families to be financially free.

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MyPerspective
Centennial, US
Jul 23, 2010 8:15 pm EDT
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WFG stands for Wonderful F#@%ers Group because they like to f#@% people over wonderfully. It's like getting shot in the face while you suck on your favorite lollipop. The experience may seem all sweet in the beginning with their weekly Mozones, but they will screw you over when you least expect it when it comes down to getting paid.

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sue again
, US
Jun 24, 2010 7:19 pm EDT

people pay for eduction to get a good job - so you're saying thats a bad idea as well?

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cpswarrior
Austin, US
Jun 08, 2010 5:19 pm EDT

RULE #1:
NEVER, EVER EVER PAY to work. it goes the OTHER WAY people!

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Bunny Pink
Livermore, US
May 01, 2010 7:31 pm EDT

Somewhat grey zone business. It is not scam, but pyramid for sure. It works really well for certain kinds of people. Here is the news about them and their business style remains the same. Nobody want to give away money to a grey zone business these days. There many other better and trust-worthy insurance companies out there. Insurance products themselves are not that bad. Their customer care sucks, that is what makes it so different.

http://money.cnn.com/magazines/moneymag/moneymag_archive/2000/05/01/278258/index.htm

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Bunny Pink
Livermore, US
Mar 22, 2010 6:10 pm EDT

Too many people are invited to be members of "team"!
It means the company's strategy is shaky and not trust worthy at all.

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World Financial Group [WFG] Terrible experience

Between the haters and the toe-the-line WFGers, the truth lies somewhere in between. Look at the local phone book here and you will see lots of offices for WFG. As their promotional material shows, they have a NASCAR driver. They sponsor the PAC 10. AEGON backs them. It's definitely not illegal what they are doing. I went to the Saturday morning presentation on the invitation of a rep who had gotten my name off of a resume board - I am looking for work (was anyway). So 4 gentleman one after the other spoke to a surprisingly large group of folks here.

What I got was that they want to be the Edward Jones of the middle class - no family left behind. The information in and of itself was terrific and valid - Suze Orman has made a killing dispensing this sort of stuff - get out of debt; understand how compound interest can help you and hurt you; understanding the value of life insurance, etc. ad nauseum. The speakers were all very slick and convincing. Lots of trendy catchphrases that make them seem hip and now. But the info was for the most part right on. Financial planning is needed by many there's no doubt. The savings account trend they point out (-2%), the massive credit card debt, etc., all need to be addressed.

WFG aims to do this. As sales conventions can be, it seemed a bit hyper, especially toward the end when the 'big' guy started sweating/shouting/preaching about how WFG had made him what he is today - rich, happy, and a nice dresser. Rags to riches stories are always fun to hear. I politely sat through the presentation, wondering who exactly all these people were? Potential clients? Potential recruits? Staged bodies - sorry, hey, if FEMA can do it... I also wondered, where does the money come in.

Well folks, this is a sales gig. First you convince a homeowner to turn over their mortgage over to WFG. Then, you work in sales of life insurance, then mutual funds, etc. Financial planning. The pay comes in selling these services to people. IT IS A SALES JOB! Ok, that said, WFG gives you reduced rates on the certification you will need to be legitimate to your potential customers. That means spending money. Just like you did for college, like you did for anything you did in the past to help you get a job. Though you are associated with WFG, you are essentially in business for yourself.

Please remember this. Expect to spend at least $1000 and expect to get 9 nos for every yes, or worse. THIS IS A SALES JOB! This is not a job for people who are broke - lots of meetings (gas expense-even part time or referral), lots of certification expenses, lots of free consultations (I would imagine on your dime until you get a sale), you get the picture. In the presentation, they tell us how people should have an emergency fund to get us through 3 months of not working, how we should be debt-free, how we should have some money in investments working for us while the bank makes money off of us on our mortgage payments.

I would suggest that you too have all these things in place before you consider working for WFG. Because if you, like me, are living on the edge of survival, this type of gig will end up pissing you off if you need to see a bank payment materialize in 2 or 4 or 6 weeks. It may happen, but more than likely it won't. That's not to say it will never happen. Obviously this business is successfully in business.

But again, have some stability before you sign on. Because, when you have your first face-to-face with a WFG rep, they ask for your credit card number information to the tune of $100. Just to get started. Many folks will tell you that people who want your money up front think automatically that it must be a scam. I went to the BBB online in San Jose and came up with 1 complaint. Not all local offices are certified, but that's a respectable number. However, the $100 is just a warm up. It seems that you'll be in $1000 or so before you're ready to really get going. Not including travel expenses, locally or to out-of-town events. Be prepared to sign an authorization for this charge from the get-go.

My advice is to go to a presentation, see if it is for you, get a business card, think about it, research it, then decide if you're willing to take the plunge. If you a born salesperson, this could be your ticket to riches. But it's not free. The presentation almost dares you to stop being a 'sucker' to the Walmarts and the whatever-per-hour job you may have and 'step up' to big money. My advice is to not be impulsive, but to step away from the 'energy/hype' and just think about it. There's no gun to your head. The idea is smart - helping homeowners help themselves. Just think about the steps first.

One last thing. I went to the presentation, met the rep who called me, filled out the application, and stupidly signed for the $100 authorization. I was told it would be for the initial online studies that would be part of the training once I was hired. After mulling it over the next day, I decided I was too broke to pursue WFG personally, though I still like the idea. However, I did sign for the $100. So that forced me to go in physically to the office and tell them I wasn't interested, and to ask for the authorization back so I wouldn't be charged. Initially I was told that it wasn't easily available to access - yeah right - so I promptly showed the rep a credit card dispute form I had downloaded from my bank and voila, the signed, original form appeared. I guess that's hardball, but hey $100 is $100, and I had taken nothing from WFG as of yet.

So look before you leap with these folks, It is an unconventional company in many ways, but I'm sure you could make some money selling financial planning with these folks if you put your will to do it. Just don't be broke while you're trying to make money with them. Good luck! Hope this helps.

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jessiekaurshergill
, US
Oct 26, 2023 3:23 pm EDT
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They are such liars and criminals, all they do is manipulate people's minds and steal their money by saying background checks and access to websites. They do not have feelings, just read their faces clearly and you will get to know what I literally want to say

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Harsimran Brar9
, US
Apr 11, 2023 8:57 pm EDT
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I got register for a license and paid $169.50 .However, now i changed my mind and don't want to continue with this. Due to which i would like to refund my amount back.

Please process my refund as soon as possible.

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Lydia Galvan
, US
Mar 18, 2023 2:57 pm EDT

This lady name Joti from wfg got all my information and charged my card I want my money credit back to my account and cancel these things I don’t want to participate in nothing you guys have to offer I just want a refund

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Min Park
, US
Dec 09, 2019 4:16 am EST

Hello,

I submitted my resignation letter from WFG, but I was charged platform fees for $125. How would I be able to receive a refund and further prevent my account from being charged these fees? Please let me know. Thank you in advance.

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jrrrrse
, US
Nov 12, 2018 5:02 am EST

This company only tries to get into your head and steal your money.
My rapists also works at this company.
This company is a scam and they hire criminals.
Stay Away.

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Winning3232
, US
May 19, 2016 4:07 pm EDT
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The bottom line is this people. WFG is a business. That $100 is a fee to get on the platform, get an agent code, and to get you paid commissions by each company. Does this model work for everyone? Absolutely not. Some people need a salary plus commission or just a salary or hell they just want a job. WFG isnt a regular 9-5, punch the clock, kinda deal. Can everyone recruit? No again. So the question becomes can you make money at WFG without recruiting people? And the answer is yes. Once you are a licensed agent you can go out and write business with any provider you get appointed to. You can write business for companies like Nationwide, Pacific Life, Transamerica, Prudential, Lincoln, Lloyds of London, etc. You have lots of companies to choose from and you have the opportunity to get securities licensed as well which opens up the doors to using companies like American Funds, Black Rock, PIMCO, etc. as well as getting into the 401k market and wealth management side of things. So the truth is yes, you can make money at WFG by utilizing selling skills like cold calling, setting appointments, networking, and joining organizations like the chamber of commerce. You can make money by going door to door. You dont have to recruit to build residual income either. Many products provide both renewals and trails as well as having the ability to put assets under management. And you CAN GET PROMOTED by being just a producer. There are alternate promotion guidelines within the company. Also, as an independent contractor your licensing fees are a write off as well as other expenses you incur doing the business. But it is your responsibility to run the show. WFG gives you the platform and you have to run the business. I cannot, and certainly will not, speak for how every WFG office runs the show. But, what I will say is I have seen the old ways slowly dying off because people, the marketplace, is forcing people at WFG to change and have better practices. And as far as the meetings are concerned you dont have to attend a single one. You can get the product providers to train you and provide free marketing resources. How do you think independent agents get their materials done to market to their clients?

Now, there are some bad apples in the bunch who are deceptive. They dont tell the truth and they dont disclose that this is a business opportunity and that you wont be receiving a salary. Those people should be put out of business and at the very least have disciplinary action taken against them. Secondly, recruiting practices should be set so that not everyone and their brother gets recruited. Not everyone can do this and nor should everyone do this. It takes a strong willed guy or gal to do a sales job to begin with let alone run a book of business and deal with a persons life savings. I see it as the highest responsibility for any rep to be honest and upfront about everything involved with the WFG opportunity. Third, people arent weak if they decide to leave the company. They found it wasnt for them or they got lied to. Plain and simple. You cant hide the fact that people get taken advantage of. That's the sad part. WFG does a lot of good for those that are in need of good financial plans and resources. I was one of those people and my advisor has taken very good care of me. I was not sold a terrible product nor was I even considered to be a potential recruit. I was treated like a client is treated at any other financial institution I have dealt with in my adult life. That is the truth. I learned about the business by asking questions and seeing what they had to offer. I worked part time after college, mind you I was in my late twenties, and worked diligently until I was able to do it on a full time basis. I hold a CA state Life License, A series 6, 26, and 63 license. All of which I PAID FOR. No one did it for me. I worked hard to pass and put my business degree to work. I run my business day in and day out. I dont just recruit people otherwise I would starve. I work with clients, business owners, and I have a very few family members in my book of business. I wont sit here and bull ### anyone on how hard it is to do this business. But I knew the deal going in only after I did my research and asked other agents for other companies what their thoughts were. Its not easy guys. And it certainly takes years of effort to get to where you want to be. I am proud to say I dont operate like everyone else. I work for hours to put together plans for people because IUL, VUL, and Whole Life arent right for everyone. It doesnt fit every situation. Everything must be carefully looked into before you put a client and their family in it. Sometimes a ROTH is the better vehicle and sometimes they have enough to make a Life Policy provide the ability to supplement a good solid retirement.

So my story is this. I wasnt recruited right away. I was sold real financial products with Pacific Life and American Funds. My plan has paid off. I joined the company after seeing for myself what it was capable of. I work with good people and honest people who dont recruit to stay alive and have more clients then they do agents. They make great residuals off the money they put under management. It can be very lucrative for the marathon runner. I am sorry to all of those who got sold a dream. Some people are willing to take advantage of anyone, but as for my division we have worked hard to be the opposite.

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char li
, US
Feb 28, 2023 1:36 pm EST

Hi Thanks for Opinion on WFG but my experience coming in already licensed this company did nothing but take advantage of me did not disclose all the fees that they have in order to do business and when you don’t pay those fees, you’re locked out of your platform, even though you pay a monthly fee to have access to the platform so there’s a thin line at WFG when it comes to being an independent contractor/and non-paid employee that can be reprimanded as a paid employee if they don’t pay the fees that is associated with WFG and their provider fee that they charge people on top of the $125 (access to platform/admin fees) and another $40 to appoint you to a provider (when you don’t have to pay that fee to nationwide or any of the other companies that they work with ). WFG may work for people that is slick at sales and don’t mind cutting corners to get the sale/new recruit. If you are a new agent trying to sell Insurance products I would not recommend going to WFG because their main concern and priority is marketing sales not necessary insurance products, such as term life whole life they mainly focus on recruiting and getting you to buy some type of investment annuities, product, long-term care, or some other form of financial planning products. Be aware they have a lot of fees that you will pay before you make any money.

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icelemonade
, US
Apr 15, 2016 8:48 pm EDT
Verified customer This comment was posted by a verified customer. Learn more

I will give you an insider view.

2 month ago, my favourite Aunt reached out and told me that there is a wonderful business opportunity. I was connected with her "friend" who then sold me into joining WFG. Now let me make this clear. Life insurance is very important, and I strongly believe in it. I also believe in financial planning, saving for emergencies and investing. I was drawn to the company because I was told I would be making a difference in people's lives by helping them better manage their money. Then I was told that I need to pay $100 to register a business number as a sole proprietor. I didn't know it was an admin fee that WFG charges, so I paid for it. It was a lie by the way. What I paid for is an agent number, which would be taken back by WFG if I do leave, along with any clients I signed up. Then she whipped out a URL policy and tried to talk me into signing up. First red flag. I should have known that it was shady as I have already told her that I am fully covered in life and critical illness insurance.

Because I trust my aunt so much, I didn't want to believe that this business has questionable ethics. I went ahead with the sign up and attended a couple of WFG workshop at a local office. This is where things went down hill. First of all, ALL of the meeting were organized very last minute. I would receive a text at 2 or 3pm in the afternoon for a 6pm seminar. I don't know about anyone else, but I have a full time job, which I NEED so I can pay my bills and survive. I have clients to attend to, I can't get off at exactly 5pm everyday. This was a HUGE red flag. Secondly, the workshops focuses so much on the benefits of UL policy. Yet when I read more into it, there are more risks than benefits because the average people would not understand how the investment part works, or how to invest. They could very well lose all their hard earned money. I would never sell UL to anyone other than people who are already well off, and looking for a place to park their money without paying extra taxes. Thirdly, I was told constantly that if I recruit enough people, I will be making 6 figures without needing to sell anything. I was also told that "losers" won't make it because they don't want to make money quick. Um, no. There are lots of other way to make money without needed to build a pyramid. They want me to recruit everyone. Co workers, friends, family, PEOPLE WORKING AT STARBUCKS, MY SERVER, basically people without any financial background. HUGE red flag. Actually, I remember now, some years ago a girl I worked with at the front desk of a hotel tried to get me to sign up WFG. She didn't even finish college. Fourth, my team leader emphasize that I will work and study on my own time. Yet, she made me sit through seminars and meetings that end close to midnight, knowing full well that it takes me an hour to travel back home and then to wake up at 6am the next day for work. I once sat through this useless one hour "conference" call that started at 10pm. It was one guy talking about how we are not hitting our recruitment target. I am pretty sure an email will suffice. And that was supposed to be a mentoring session.

What made me angry the most is that my Aunt is currently going through divorce. It is a very stressful time for her as her legal battle is very financial and emotional draining. I feel like her "friend" took advantage of her weakened state and sold her into some packaged dream with tiny fine prints.

So is this a legit business? It is definitely legal. Can you make money in this business? Yes, if you focus primarily on recruitment and taking commission "shares" from agents under you. Is this business ethical? I'm not sure. I know I will not be able to sleep if I blindly lure people in, and if I sell products that my clients don't need.

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Justin
, US
Apr 03, 2009 12:13 pm EDT

I went to an interview at WFG. The guy who interviewed me wanted my personal information such as Social Security #, date of birth and credit card # which I very foolishly gave to him. I didn't bring a resume or any references and was not dressed very professionally. This did not seem to bother WFG. He told me he was interviewing 8 people of which he would chose 2 to come back for a second interview. He told me that after a second interview he would tell me if I was accepted for the job. The only information they wanted to check on was a background report that they would charge me $100 for. I asked if I would be charged for the background check if I didn't end up getting the job or if i didn't accept their job offer.

I spoke to a friend of mine the night after my first interview and he told me he knew about WFG and that they weren't to be trusted and that I shouldn't work for them. I called WFG first thing the next morning to cancel my second interview. Later that day I was called back and told that I had been accepted for the position even though I had never given them a resume or references. I was surprised that they would allow me to manage their customers retirement accounts without knowing anything about me. I told them thank you for the offer but I'm not interested.

Later I reviewed my online bank statement and saw that I had been charged the $100 background check fee despite not taking the job or showing up for the second interview. I have since been in the process of disputing this charge and getting the word out that no one should take a job with WFG or allow them to see any personal financial information.

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pparedes
Santa FE Springs, US
Jul 11, 2011 6:59 pm EDT

I consider myself a very ethical person and would never do harm to any of my friends or family. Be very careful

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Georgio Armani
San Francisco, US
Sep 08, 2010 10:43 am EDT

Their customer service quality is unbearably low. OK, insurance products are basically similar among many insurance companies.

What makes difference is the customer service and agents' quality.

You don't want to deal with a sloppy management.

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