WORLD FINANCIAL GROUP
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 also known as Multi-level Marketing (MLM). WFG is a wholly owned subsidiary of AEGON.
AEGON N.V. (Euronext: AGN, NYSE: AEG) is one of the world's largest life insurance and pension groups, and a strong provider of investment products. AEGON's head office is in The Hague, the Netherlands. Mid 2008, AEGON companies employed about 35,500 people worldwide.
Whenever customers sit down with a World Financial Group (WFG) associate, they have an opportunity to talk one-on-one with someone who is concerned with helping them gain a better understanding of where they are financially and how they can better position themselves for the future.
The WFG Financial Dream Map is a new web-based tool that enables WFG associates to compile, analyze and store information about their clients' financial needs and goals electronically. Launched in March 2008, it is one of the most significant tools WFG associates have at their disposal to further WFG's mission: to help individuals and families achieve financial independence.
According to Paul Mineck, WFG's Vice President of Administration: "The WFG Financial Dream Map is an awesome technology tool that enables our associates to better assess and serve the financial needs of their clients. Now, our associates can gather and store information, assess and calculate data and provide clients with a financial needs analysis report on the spot that can be used to help them meet their financial goals now and in the future."
Recent enhancements to the WFG Financial Dream Map technology package include an advanced, cashflow-based needs analysis tool WFG Dream Map Pro. Currently available to WFG's U.S.-based registered representatives and Investment Advisor International representatives only, Dream Map Pro features enhanced input screens and offers a more comprehensive output for advanced client cases.
Investment Risk Disclaimer
All figures are for illustrative purposes only and do not reflect an actual investment in any product, nor do they reflect the performance risks, expenses or charges associated with any actual investment. Past performance is not an indication of future performance. Actual results may vary substantially from the figures in the example. All rates of return are hypothetical and are not a guarantee of future performance of any asset, including insurance or other financial products. Higher rates of return have been associated with higher volatility. All inflation rates and rates of return on current financial holdings are estimates provided by the client. Examples including information on Variable Universal Life and Variable Life insurance policies' death benefit and return of policy values are guarantees subject to the claims-paying ability of the issuing insurer.
World Financial Group is a member of a respected corporate family
The AEGON Group. AEGON is one of the world's leading insurance, pension and related financial services organizations with operations in the United States, Canada, the Netherlands and the United Kingdom.
AEGON CEO Alex Wynaendts
Type Public (Euronext: AGN, NYSE: AEG)
Headquarters The Hague, the Netherlands
Key people Alex Wynaendts (CEO), Dudley Eustace (Chairman of the supervisory board)
Products Life insurance, investments, pensions
Operating income ? 2.692 billion (2007)
Profit ? 2.551 billion (2007)
Total assets 27.13 billion (2007)
Employees 30,400 (2007)
AEGON was founded in 1983 from the merger of AGO Holding N.V. (itself created by the merger of three companies in 1968) and Ennia N.V. (itself formed by the merger of three companies in 1969). It acquired Scottish Equitable in 1994.
In 1999 it acquired the life assurance business of Guardian Royal Exchange. That year it also bought Transamerica Corporation.
On August 13 2007, AEGON and Merrill Lynch announced a strategic business partnership in the areas of life insurance and investment products. As part of the relationship, AEGON acquired two of Merrill Lynch's life insurance companies for US$1.3 billion.
On April 23 2008, Alex Wynaendts succeeded the retiring Donald J. Shepard as Chairman of the Executive Board and CEO of AEGON N.V. following the Group's Annual General Meeting of Shareholders: Donald Shepard announced his retirement in November 2007, after six years as Chairman.
On October 28 2008, the Dutch government and De Nederlandsche Bank agreed to give AEGON a 3 billion capital injection to create a capital buffer in exchange for convertible bonds to ease the group through the financial crisis.
J.C. Penney Faces Potential $4.4 Billion Lawsuit Over Insurance. (Direct Intelligence).(J.C. Penny Company and AEGON N.V. named in class-action lawsuit over direct marketing of insurance)(Brief Article)(Company Profile)
Article from:Direct Marketing Article date:October 1, 2001 More results for: SCAM AEGON ALEX WYNAENDTS | Copyright informationCOPYRIGHT 2001 Hoke Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
J.C. Penney (www.jcpenney.net) and Dutch insurance giant AEGON (www.aegon.com) have been named as defendants in a class-action lawsuit filed on behalf of a Corpus Christi woman who was allegedly billed for insurance premiums on her credit card for six years and was denied compensation for a claim after a car accident.
The lawsuit charges Penney and Aegon with fraud and breach of contract and seeks $4.4 billion in damages on the assumption that others of Penney's 12 million insurance customers will be allowed to join as plaintiffs. Also, a potential subclass of plaintiffs includes customers who discovered they had the insurance but had their claims rejected.
Science Letter; December 30, 2008 ; 251 words... AEGON N.V. has informed the US Department of the Treasury that it is withdrawing its application for participation in the Troubled Asset Relief Program (TARP) (see also Aegon N.V.). AEGON has decided not to seek access to TARP funds, said AEGON Chief Financial Officer Jos Streppel.
Andrew Fleming, managing director of Aegon Asset Management UK, commented: "Aegon has built an enviable reputation for operational efficiency and we are committed to sustaining this excellence in the long term. During our discussions with Citigroup, it became clear there was an opportunity to secure a deal that was of benefit to all our stakeholders.
"We are very excited about our partnership with Citigroup, with whom we have worked closely in a number of areas over the years. They have demonstrated a sound understanding of our business needs and a clear vision for the future. Their ambition in this market, and their commitment to Edinburgh as the base for this expansion in the UK, makes them the ideal candidate to support our own ambitious business model."
AEGON Outsources To Citigroup As Part Of Agreement To Build An Investment Management Pooling Platform