First of all World Financial Group (WFG) is a Multi Level Marketing (MLM) and is not a scam; however MLM's are very unethical and can be compared to pyramid schemes. Be aware of any company that has you pitch first to friends and family as most reputable companies will allow you to know the product and the company you represent prior to going to friends and family. Also be wary of company tactics involving motivation building and misdirection, if the product is real and believable it should stand up to inquiry and sell itself. Ask real questions, what is the product, how is it applied and where does the money come from?
All MLM's are paid from the tiers and the product is incidental so if they push recruiting rather than the product you are in a MLM. You can make money and they may even have a real product but the only success that can be realized is from recruiting.
WFG was very misleading as they bring you in on an interview which is actually an orientation for their business opportunity. It turns out they are giving a pitch so that you can be a contractor in the financial industry, there company WFG. There is a lot of talk about helping families but the emphasis is on the recruiting.
I have been very successful as a 1099 contractor but there are things you need to be aware of as a 1099 contractor. You are libel for yourself and therefore complaints and financial responsibility will be your responsibility. You are responsible for paying your taxes, going to court and rebutting any claims against you.
WFG located in Brea is not registered with the Better Business Bureau (BBB) nor would it matter if it was as all their agents are 1099 contractors and complaints of misleading practices, misrepresenting the products or even out right lying can all be placed on the agent as they are selling the company's product as an independent contractor and do not represent the company directly. A wider search on the BBB site found many WFG branches that were registered but all complaints were obviously dismissed.
When looking on scam reports you will see plenty that will suggest the truth, its not really a scam but be very weary of what it is a MLM.
In conclusion, WFG would like to compare themselves to a real-estate model of broker and agent but it is simply not so it is a MLM like Amway and many others.
There big sale is three fold, helping families which is very noble, making money and who doesn't want that and last being a fit in a there company and after all that is what is the question isn't it.
Huntington Beach, California