my friend asked me to join World Financial Group?

Question

my friend asked me to join WFG(world finance group), shall I ? I will start out as an advisor perhaps with at least 1 certificate, so I have to get certificate before joining the group. I believe doing this job requires a good interpersonal relationship and there is no base salery. But, I only have some friends and most of them bought insurance already.. Should I give it a try?

Answer 1

World Financial Group (WFG) is a financial services marketing organization based in Duluth, Georgia, USA. WFG markets various investment, insurance, and mortgage products through its network of associates in the United States of America, and Canada. WFG is a wholly owned subsidiary of The AEGON Group.[1]

In the United States of America WFG's insurance and mortgage lines of business are managed directly by WFG, while its investment lines of business are managed by its affiliate broker-dealer World Group Securities, Inc. WFG's American head office is located in Duluth, Georgia.

A Money Magazine report generally critical towards Humphrey and WMA was published in 2000.[4] Humphrey ceased his involvement with the creation of World Financial Group after the sale of chosen assets to AEGON in 2001. Since that time, statistics show that the company has vastly improved with far better compliance under Aegon's supervision (as evidenced by a decline in penalties and fines imposed by the NASD). Proponents of WFG and the changes that have occurred point to a recent (August 2006) survey taken by Investment Executive, Canada's leading newspaper for financial advisors, ranked WFG as the top-rated MGA and the top firm overall.

WFG highlights they do not have products of their own, but are agents for major institutions. Proponents view this as an important factor in WFG's success as they are able to choose products for clients from an array of sources rather than from a single source, or their own.

Critics and proponents say that WFG's business model is unusual, relative to the established industry.

Criticisms are focused on several issues, including specific agents that aggressively misuse the model. In particular, critics site an over emphasis in their personal experience on recruitment by particular agents and groups. Critics suggest the industry and marketplace are well served by existing business models.

Proponents note that a balanced approach including recruitment allows WFG to broaden their operations in an industry whose marketplace is increasingly heterogeneous and insufficiently served by the older institutional models. They point to the growth of WFG in contrast to much of the industry. They suggest the established industry continue to experience transitional sales force issues and flat growth, as the established business models continue to compete over the traditional markets of the industry. In contrast World Financial Group argues their model allows them the ability to compete in traditional markets, and additionally better access and penetration into overlooked markets.

Industry Partners

* Investment Advisors International
* Transamerica Corporation
* Western Reserve Life
* Pacific Life
* Allianz [1]
* American Skandia
* Foxhall Capital Management

Answer 2

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RE:
my friend asked me to join World Financial Group?
my friend asked me to join WFG(world finance group), shall I ? I will start out as an advisor perhaps with at least 1 certificate, so I have to get certificate before joining the group. I believe doing this job requires a good interpersonal relationship and there is no base salery. But, I only have...

Answer 3

It's a scam man - don't get tied into this company