ED Magedson – Founder
World Financial Group135 W. MAGNOLIA BURBANK, California USA
World Financial Group Jake Hastings, Mark Quann, Michael Wooderson don't tell you all the costs involved. BURBANK California
Watch out. These guys are mostly run by a complex recruiting system. You'll see lots of people in suits who are basically working a system to make more money, by getting more clients and recruits.
You may be told that it's a $100 fee for a background check -- it's really just an application fee. When you research the parent company website, you will find a "new recruit quiz" online that tells you that the $100 is NOT for a background check.
Try calling the Home Office (HOST) at 770 453 9300 and you will get a bunch of people who are just answering phones and giving you the run around. I did not get my questions answered on a repeated basis, and when I called other people in the company for help (people like John Shin) they just said "why don't you call (someone else)".
You will also have hefty errors and omissions fees to pay, which they didn't tell me or a lot of people about when they first signed up. If you don't get a license (about $200 after studying costs and state fees, plus fingerprinting) and then get at least one person into a deal (financial savings plan) then you won't be getting compensated.
They also avoid letting you write a deal on yourself, suggesting that you give the credit to the person who recruited you. Some of these people just collect unemployment and make very little to no income
So if you like wearing a suit and tie almost all the time, working with people who don't really know what they are doing, having to pay lots of money for your own office, and just being coach-able to "the system" and their "upline" and spending lots of money in your struggle to succeed, then this is the company for you.
This report was posted on Ripoff Report on 07/31/2013 05:52 PM and is a permanent record located here: http://www.ripoffreport.com/r/World-Financial-Group/BURBANK-California-91502/World-Financial-Group-Jake-Hastings-Mark-Quann-Michael-Wooderson-dont-tell-you-all-the-1071896. 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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