People to Avoid-Jack Wu and the SEAL team.
They Promise you leadership, they promise you wealth, they promise promise promise. The Real Truth is all they do is rip you off. Do not ever buy or do business from that office or anyone involved with it. They have one and only one product to sell you. Index Universal life insurance policies. Nothing wrong with those if they sell it correctly. However, they will sell it to EVERYONE even if they do not need it or want it. You need retirement plan? you need IUL, you need health insurance, you need IUL. You need term insurance? you need IUL? You need a hamburger? You need IUL. It's crazy. I am with a real firm now (NY Life) that actually help people. It's amazing to me how they got away with it for so long. I have only been with them for a year but I have had enough. So much hype and nothing after that. I really compare it to a cult. They make you stay after until midnights most nights. If you don't, than you are not a "good leader". I thought Good leader=leading people to where THEY want to go. Good Leader=not hurting your people. Good Leader=not cheating your people. Lies after Lies. Jack once said they are the only company providing that IUL product? That they have a exclusive right to provide that product. HA HA HA. That PFA is in the top ten within that company. They weren't even in the top 10!!! Lies after lies. The only people in that office who are making money are the people at the top. They promise you that they will promote you after you finish your training? yeah right. They promise to promote you to management after hitting the guideline? All they will do is move the bar higher every time you get close. They only people that will stay in that office and conduct business are complete greenies(Until they learn the industry and move to some other firm),super part-timers (one deal a year) and the scam artist at the top. If you ever get invited to their overview, run. Do not go. You will be there for over 3 hours and they will almost beg you to join. You learn nothing except a sales pitch. Also, they will not tell you all the REAL fees that goes along with doing the business. License fees, E&O, office support fees??? I have no problems with all these fees because that is what you need in the insurance/mortgage industry (I live in MD, so I need a license to do mortgages). No matter who you are with, that's the way it is. The real fees are, they make you pay $150 to join, $120 for a class, $80 for the test, $600 for the E&O. However, at the orientation, all they mention is the $150. They fail to leave all that out until you are in. Unbelievable! I have nothing against MLM or networking Marketing. However, when all they tell you are lies. I do not know what to say about them. They make you believe they make all these money? Do not believe it. They drive fancy cars? They can barley afford the payment. What a joke. Maybe Jack Wu is the only one making any kind of money because he showed us his paycheck from 10 years ago once during the meeting. He makes money because of the little people at the bottom that he steps on. If you are making money for him, you are his best friend. It you are not, he treats you like dirt. I hope everyone read this and please stay away. If you are really interested in the financial services/mortgages/real estate services. There are other great firms out there that are much better. Not every firm is perfect, but Jack and the SEAL team is at the bottom.