Is worldfinancialgroup.com Safe?

This is the great site helping Americans to improve their finances. The site is also a business opportunity site, which is open for people from different paths of life despite their education, personal experience , age and national origin. All associates has to be licensed by applicable states and on the national level with FINRA if they offer securities advice. WFG offers comprehensive financial planning based on brokerage model. Company is owned by Egon Group and Transamerica Financial Services. Customers all over the US and Canada are offered broad variety of financial services suitable for their individual financial situation. People are encouraged to save money and invest into low to no risk financial vehicles, which in return tremendously improve their and their family financial perspectives for the future. Respondents with previous comments who are talking about pyramid scheme are not understanding the meaning of the pyramid scheme. Pyramid scheme is the scheme designed to extract money from people and give them nothing in exchange (may be hope for financial gains). WFG is offering legitimate financial services backed by companies with good rating and well known like ING, Prudential and others. In illegal pyramid scheme there is no movement of product or services to the consumer, which is not the case with WFG. The misunderstanding of some people who might have bias against MLM marketing is connected to method of reaching the new customers and expanding the market through personal referrals. This method is widely used in financial industry simply because you are not telling your financial information to anybody, but rather to people who you might trust. It is called referral based system. This type of system is used by Merill Lynch, JP Morgan Chase, City Group and multitude of other brokerage firms offering financial planning and investment for public. The difference between the WFG, Merill Lynch and other companies is the targeted market. The Merill Lynch and most of other brokerage companies are focusing on affluent markets ( you need to have at least $ 200K to invest to make an appointment). WFG is focusing on average people ($40 K annual income and up) and their mission is to help change "spenders into savers" and improve financial education for average Americans. People are not taught at schools how to budget money, how to balance their check book, how to protect their families against unforsaken, how to wisely save for retirement without any risk, what is the compound interest, how to lower their taxes legally. This is massive educational crusade which the Associates of WFG are on. The last argument against illegal pyramid scheme is that you are not obligated to pay any fees to become an associate of WFG. Yes, you need to pay for your education to obtain license to the state or to the companies helping you get prepared. But this is your decision and when you get an insurance license you will keep it even if you leave the company the very next day. People are not reading the agreements and sometimes are mislead by unscrupulous leaders in every organization. Yes- you are training people if you are a leader at WFG, but you do not have an ownership in your company when you decide to leave. But telling you frankly, when you work for Metlife, Bank of America, Wells Fargo Bank, J.P. Morgan Chase are you becoming an owner of the company by being employed by them? Very hardly, unless you are one of the top executives... There are similar arrangements for you should you becoming the top earning executive at WFG. The difference is that by starting to work at WFG you can earn it by your hard work, dedication and honesty, at Bank of America you need to have excellent education, great path of career or know appropriate people, who will hire you on top executive position. Yes they can fire you at both type of companies if you will commit the fraud or major mistrust for the company, but the difference with WFG is that you cannot be fired for "change of boss" reason, or company reduction or re-structure. You are earning your success and if you are doing this properly, with the right leadership, you will have sustaining success and possibility to earn 6 or 7 figures earnings for the rest of your life. The more people you really help, the more your earnings will be. The more leaders you create the more sustainable your success will be. Before you judge do your homework -check the Oct 7, 2013 issue of Forbes Magazine to learn about over 200 leaders making over $250K a year at WFG . Is this opportunity for everybody? No. You need to love helping people and working with finances. You need to have also a good moral character and be honest due to your fiduciary duty to the customers. Are there bad leaders who do not understand the mission and proper methods? You bet - but this situation is the same in any big organization. Cezar Roberts is an Associate of WFG building his organization since April 2013. For questions or comments please contact *****

I was with WMA, WFG, TFA for over 14 years. I was an EMD making a very comfortable 6 figure income when I left. I resigned in the first quarter of 2013 after learning I was lied to for my entire career regarding ownership of my WFG business. I believed for many years that this was an honest and ethical organization to only learn otherwise. It was drilled into me and everyone associated with WFG that we CONTRACTUALLY OWNED our business. NOT TRUE! Read AMA Section II part B: The Associate understands and acknowledges that WFG is in the business of assisting its members in building business to provide Products and Services to the consuming public and that these businesses are valuable assets of WFG. The Associate acknowledges that WFG owns all rights in and to the following: (i) WFG, which, for purposes of this Section II.B, includes all persons who have an in force Associate Membership Agreement with WFG; (ii) the identities of and all lists of the members comprising WFG; and (iii) the identities of and all lists of the Customers of WFG (even though the Associate may not have recruited any of the members or produced any of the Customers) which constitute property owned solely by WFG. Associate agrees that Associate shall have no proprietary interest in, or ownership of, any Customers, other associates of WFG including Downline Associates, or Products and Services. WFG shall have exclusive proprietary interest in, or ownership, of all Customers, and contractual relationships with other associates and the Product Providers. You may wish to continue on with this company but don't pretend that you have ANY PROPRIETARY INTEREST OR OWNERSHIP in your efforts with WFG. Contractually you have NONE.

The way this company does business is questionable. At first it seems they can have you retire early but as you listen more and dig for information you find some simular building blocks that relate to a pyramid scheme. They sugar coat it quite well. They seem to come across quite knowledgable by other posters here but if you sit down with them in a matter of minutes if you are a bright human being who has a little knowledge about finances you will figure it out. Alot dont as you can see by comments left here. We have done business and once you ask them is this sort of like a pyramid, they will leave you in the dust and most of the money you invest WILL be lost or a large portion will be due to thier unfounded charges. Dont be fooled. BEWARE!!!