- Report: #278636
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Complaint Review: GW Equity | Ripoff Report Verified Safe™ ..businesses you can trust. Past & current approach of GW Equity to business is focused on providing the highest industry standards for mergers & acquisitions.
GW Equity | Ripoff Report Verified Safe™ ..businesses you can trust. Past & current approach of GW Equity to business is focused on providing the highest industry standards for mergers & acquisitions.Dallas, Texas United States of America
GW Equity REVIEW: GW Equity clients can confident safe, confident & secure when doing business with GW Equity. GW Equity is committed to total client satisfaction, exceptional client experiences & success in their business. Commitment to Rip-off Report Corporate Advocacy Business Remediation & Customer Satisfaction Program, a program that benefits the consumer, assures them of complete satisfaction & confidence when doing business. Dallas Texas, Nationwide
*UPDATE: Complaints posted on Rip-off Report were created by a former disgruntled employees of the company. GW Equity has never received a legitimate complaint from a client through Rip-off Report. GW Equity is Rip-off Report Verified Safe Business
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SPECIAL UPDATE: September 15 2013: GW Equity remains committed to increased customer satisfaction and has improved their business practices over the years to better serve their customers. GW Equity is truly dedicated to making sure their customers are satisfied and that any complaints which do arise are addressed promptly and fairly.
To date, GW Equity has made good faith efforts to resolve all complaints reported on Rip-off Report. Based on our experience, the member business has proven to be among the top members of the Rip-off Report Corporate Advocacy Business Remediation and Customer Satisfaction Program as a Verified Safe Business.
Over time and since becoming a member, GW Equity has remained actively engaged and improving the way they address customer service complaints. As an active and current member of the Rip-off Report Corporate Advocacy Business Remediation and Customer Satisfaction Program we are happy to report that now more than ever GW Equity remains committed to improving customer satisfaction.
Remember, no company or individual can ever satisfy 100% of the people 100% of the time. There are no products or services that will always be perfect for everyone and even the best companies will receive complaints from time to time. However, by participating in the Corporate Advocacy Program, the member business has made a commitment to working with its customers to resolve complaints quickly and fairly whenever possible.
Please keep in mind that as a consumer you have some responsibilities as well. Success has many definitions that based on your past experiences, current situation and your perceived expectations. Success with any product or service is always based on the proper application and understanding. The fastest car will not run if you never turn the engine on. Look at how you used the product or service that was provided in relation with the instructions that you received. The Corporate Advocacy Business Remediation and Customer Satisfaction Program will help you get your voice heard but please be prepared with documentation and fair representation of your concern, also have an idea of how the company can fix your concern. Can they offer additional services, extend warranties, offer a fair refund or just get you talking with someone that can help. ..let them know and let us know!
*Any consumer not receiving satisfaction from a member of the Corporate Advocacy Program should email us at firstname.lastname@example.org
Rip-off Report REVIEW:
Editors UPDATE: Positive Rating and Recognition has been given to GW Equity for its Commitment to Excellence in customer service.
Rip-off Reports investigation of GW Equity uncovers an ongoing commitment to total client satisfaction. This means that clients can expect the company will always work towards finding a mutually satisfactory resolution to any complaints or concerns. GW Equity listens carefully to client concerns and views them as an opportunity to learn from past experiences and become more efficient as a company.
In spite of the false Reports posted by ex-employees, GW Equity recognizes the need to provide for receptive and open communication with its clients. GW Equity strives to be proactive and avoid potential issues with its clients. To this end, GW Equity has streamlined its customer service department and added new processes in an attempt to identify and resolve issues that arise with its clients more quickly.
Because of our investigation and the sincere efforts put forth by GW Equity, LLC, Rip-off Report is is confident in giving GW Equity, LLC a positive rating. GW Equity is committed to making the strategic changes to its customer service department that are necessary to reach its goal of achieving total customer satisfaction through excellent service. GW Equity expects that this goal will be achieved by taking good care of its clients.
GW Equity understands that in order to grow as a company it must reflect on any past shortcomings and work to remedy those in the future. GW Equity has allocated necessary resources to work through these and is determined to emerge a stronger organization and create value for its clients.
In spite of all such situations, Rip-off Report is confident you have a company that is ready to serve those who need more assistance and is willing to make things right if they seem to have fallen apart.
In summary, after our investigation, which included discussions with GW Equity, Rip-off Report is convinced that the company has been and is committed to quality delivery of services resulting in total client satisfaction.
NOTE: In 2009 GW Equity rebranded their name to Generational Equity, LLC. Although rebranding is not uncommon in the financial industry, the company felt like for sake of clarity and ease-of-use, that Generational Equity is a more appropriate corporate moniker. With a new emphasis on exit strategies, as well as financial evaluations and merger and acquisitions advisory services this brand is more descriptive of their new strategies for low to middle market private companies.
We used to use initials, but initials didnt register with prospective clients, explained Tom, an Executive Vice President of Generational Equity. Then we decided to write everything out, but our name was too much for clients to get to our website. Generational Equity represents exactly the right balance for our clients. GW Equity is still in operation, however, Generational Equity better represents our goal of expediting the transfer of generational wealth and equity that is in every business for the highest and best use of each business owner.
Whatever name they use, this is truly a company we feel that can be trusted by any business.. Rip-off Report personally met with the owners and top executives of the company, and we know after a long Investigation on the company, we feel they received a bad rap for nothing.
Read more about GW Equitys Commitment to Excellence and Total Consumer Satisfaction and why consumers should feel safe, confident and secure when doing business with a member of Rip-off Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. ..yes, a long name for a program that does a lot for both consumers and businesses alike.
Read about Rip-off Report Corporate Advocacy Business Remediation & Customer Satisfaction Program,..A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. this program works.
===================== NOW TO THE ORIGINAL REPORT THAT WAS FILED
GW Equity Illegal Contracts Liars and Charlatans Dallas Texas
Thank You FOR THE INTERNET I wanted to thank you for taking your time to file a lengthy and informative report on GW Equity.
They contacted me the same way as many of you have described and attended their presentation. I was skeptical at first but I wanted to learn more so I attended it. The whole presentation was very impressive, very shrew and crafty, and leaves little (or no) room to win a lawsuit against them after you handed them your $30,000. However after an investigation of other firms like theirs there are some very gray legal areas along with a president set from other suits and I will speak to those later.
During the seminar, GW equity described success fees (or commission for sale) that they charge if the sales go through, which I thought it was reasonable. But someone asked about their 'success rate' of selling businesses. They gave him a run-around and won't answer him in public, but did offer to talk to him in private because 'IT'S CONFIDENTIAL'. I was wondering why would a number (approximate at best) be confidential?
That didn't bother me too much. I was so excited during and after the seminar that I went home and talk to my wife about signing up with GW Equity for $30,000. But before I signed up, I decided to do a quick search on internet and found your article and a few more. Thanks to your and this website, now everything makes perfect sense. For example, why they kept saying 'confidentiality is most important' because they don't want people to talk about it IN THE SEMINAR or AFTER THE SEMINAR. At the same time they can't give any statistics because it would be mis-representations if they tell anyone anything other than the truth, which I would suspect it would be 'zero' or a very low number.
Also their brochure 'Mergers & Acquistions' Transaction Review appeared to be legitimate business sale transactions DONE by GW Equity. Looking back at this document it is basically a report of M&A, which probably did happened but they make it looked like GW Equity was involved. Looking at it more carefully revealed that it was their 'Transaction Team Experience.' What does that mean? If I was the secretary working on a M&A case with my boss 20 years ago, then I can list it as an experience? Even if some of its principals have the experience, it isn't from GW Equity. It is from other legitimate M&A companies that they have worked for in the past.
I did agree to look over their contracts and found them to be illegal. One the main issues centers around this whole issue of upfront fees, if they are going to have you sign a contract then in their seminar they dont clearly tell you for what your fees cover. For example, your fees after looking over the contract is for an evaluation and also marketing expenses. I have done my research and have found you can get an evaluation by a third party for a third of this price around 2,000-3,000 dollars so I went this route. Moreover, they arent allowed by law to charge upfront fees (in certain states) unless the local real estate board has approved their fees when property is involved in the sale. As far as I am concerned how can you sell a business when you own the property your business is on without the property also. If you have paid these guys you should show your contract to your local real estate board and see what they say you may get your money back and then let the state go after them. Its my understanding they subcontract this work out to brokers however the real issue is the charging an outrageous upfront fee and from my research they do this because they have to keep themselves in business. The most ridiculous aspect of all this deceptive company is they taught to be number one on Thomsons top ranking and you call or get a subscription to this listing and the only ranking they have is WHO????? These guys are liars and it is obvious and they try to create the appearance that all the disgruntled employees are doing the slandering of them but in reality these guys know exactly what they are doing. Finally, I looked into the lawsuit on Citigroup and they were sued for very deceptive words and promises. I remember receiving the phone call from their call center and the young man said there was buyer interest in my industry and that line is a lie. This very line is one of many which will eventually catch up with these charlatans. Oh, and the owners claim to be Christians also the good thing about life is every knee shall bow. I would like to be present when John and Ryan Binkley are asked by God the question, what did you do for others?
Now I felt sick to my stomach because approximately 50% of the attendees left their business cards with them to talk to their 'SENIOR' person in private. I guess at least 50% of that 50% (a total of 25% of attendees) probably would have signed up with them.
I considered myself somewhat an intelligent person, but I almost got scammed. Thank you and this website again.
I will continue to spread the words to all my business-owner and non-business owner friends.
Joe Irvine, California
This report was posted on Ripoff Report on 10/13/2007 02:32 PM and is a permanent record located here: http://www.ripoffreport.com/r/GW-Equity-Ripoff-Report-Verified-Safe-businesses-you-can-trust-Past-current-approach-of-GW-Equity-to-business-is-focused-on-providing-the-highest-industry-standards-for-mergers-acquisitions/Dallas-Texas-75254/GW-Equity-REVIEW-GW-Equity-clients-can-confident-safe-confident-amp-secure-when-doing-278636. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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