World Financial Group WFG Review

General lnformation:

World Financial Group (WFG) is a financial services organization based in Duluth Georgia that markets investment, insurance, and mortgage products through a network of associates in the United States and Canada. WFG is a network marketing company that utilizes a system known also as multi-level marketing (MLM). WFG is a wholly owned subsidiary of Aegon.

Aegon is an international life insurance, pension and investment group. lt is based in The Hagu, The Netherlands, with businesses in more than 20 markets in the Americas, Europe, and Asia.

World Financial Group (WFG) Opportunity:

To become a World Financial Group associate, you must be recruited by another member of WFG. lt costs $100 to join as an WFG associate. lf you want to become to enroll in the Professional Development Center (PDC), it will cost an additional $199.00, but you can decline to do so.

The next step is to schedule for a for a Series 65 exam. The cost is $120.00. You have up to 120 days to take the exam. The next step is to signup for the Virtual Series 65 Study Course. This an online course and it will cost $79.00. There is a 20% discount code for WFG.

Once you pass the Series 65 exam, you then need to register for FINRA. To fill out the lAl (lnvestment Advisor Representative) application fee cost $45.00. Then you will need to get the registration kit. To get the lAl kit, there is a background check done. Once you are approved, you will be approved with lAl. At this point, you will not be able to conduct lAl business until you have been approved and your approval is sent either through email or letter.

All representatives who seek affiliation with lAl must apply for the state where you live and where the branch is located, that is if the branch is different from the state. Again there is a fee and the fees vary depending on your state. The fee can vary between $8.00-$235.00. The $235.00 is for Texas, not sure why.

Once you are approved in your state, you are eligible to conduct lAl (Investment Advisor Representative ) business in every state except DC, NC, NJ, and TX. As an lAl, you are federally registered, but there is a separate registration required for new branch offices. Fees vary again. For further information on the this and more, visit: (uruvl.bizanalyst.net/TaxPros-WFG/Presentations/lAl_Series65_FastTrack.pdf)

WFG has a step-by-step blueprint that was developed to help associates build and grow their WFG business. The WFG Business Format System shows you how:

To build a strong WFG business
Grow a client base
Recruit new associates to the business
Mentor new associates
Develop a game plan for success

and much more...

WFG helps guide an agent through the process of building a sales organization:

Broker-Dealer Services: is a WFG affiliate broker-dealer who offers customers a variety of securities-related products and services.
Active Money Management: is an investment advisor representative (lAR) with WFG's affiliate, investment Advisors international. You are a fee-based, independent advisor who spends time working with your new and existing customers.

WFG Compensation Potential:

WFG Income Opportunity: includes a number of incentives, including supervisory overrides, trails and renewals, as well as participation in bonus pools and stock programs.

Producer Stock Purchase PIan (PSPP): This program allows World Financial Group associate to use up to 25% of his or her commissions payments to purchase stock.

ln addition to rewards, WFG associates are recognized for their hard work and success.

WFG Training & Support:

World Financial Group offers several opportunities for associates to learn how to obtain their insurance licenses and securities registration, get their businesses operational, and find out about the latest trends in technology, product development information and more. Below are some of the trainings offered:

WFG University: source for various trainings. The website for WFG University includes tools, products, and speech archives that will help. Some of the kinds of types of trainings offered are:

Training modules
Training events
Licensing/PDC
Continuing Education
Inspire Network

WFG QMD Academy: All WFG associates who earn a fully qualified promotion to Qualified Marketing Director are rewarded with an exciting trip to QMD Academy at WFG's executive headquarters. QMD Academy, the associate's first step toward field leadership, is an intensive, 3 day training meeting that helps the new QMD learn leadership and business building skills and strategies that will help him/her to grow a business and team.

WFG Convention of Champions: WFG's biggest annual event. It last 4 days and includes training sessions and business building workshops, designed for both the associates and established financial services professional alike.

Conclusion:

Based on my initial vies of World Financial Group (WFG), I say it looks to be legitimate, but I will add that it is always important that you do your due diligence prior to joining any company. I did see some information regarding scams and suits against WFG. Often these kinds of issues stem from disgruntled former members, so don't take to heart everything you see. First be sure the negative statements made against any company are true.

Next, although I do agree that WFG has a lot to offer, it will require payments of fees for registrations of various trainings and licenses. lf this is what you want, then it will be necessary that you attain the education and licenses so that your business is legitimate. lf you have any questions about the process of getting the education and licenses, call support or contact your Manager.

Lastly, the information I looked through did not mention how to go about finding customers for your WFG business. Based on how most MLM's and network marketing, I assume that this is going to require you to know how to connect with people, family and friends, etc. lf you don't have a problem with this, then by all means, use the tools and whatever trainings given by WFG, and get to work. But, if you want an alternative method and do mind using the internet to build your business, look for a online marketing or training system that offers the following:

Training via webinars and videos.
lncludes a funded proposal system or a sales funnel so that you can earn an income while building your business.
Teaches you how to grow you list of leads, build relationships with those leads, and market to those leads = Attraction Marketing principles.

Even if you are good at making sales, since WFG is a MLM, this means your success is going to be mostly based on those who join you. lt would be to your advantage to provide some flexibility to how you go about marketing. Not everyone who joins you will want to do a lot of "belly-to-belly" type marketing. ln the end, having such a marketing system available will help you with your bottom line and thus, achieve the success you are looking for.

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