• Report: #439981

Complaint Review: World Financial Group

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Wed, April 01, 2009
  • Updated: Thu, February 10, 2011

  • Reported By:menlo park California
World Financial Group
2369 BERING DRIVE San Jose, California U.S.A.

World Financial Group Will Hire Anyone to Handle Peoples' Financesd San Jose California

*General Comment: That is nobody's fault but your own.

*Consumer Suggestion: WFG is not a Scam, But is Poorly Run

*Consumer Suggestion: World Financial Group is Not What the Whiners Say It Is

* : This is the Real Deal

* : WFG doesn't provide decent training??

* : WFG doesn't provide decent training??

*Consumer Comment: Understanding working in financial services.

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

I went to an interview at WFG. The guy who interviewed me wanted my personal information such as Social Security #, date of birth and credit card # which I very foolishly gave to him. I didn't bring a resume or any references and was not dressed very professionally. This did not seem to bother WFG. He told me he was interviewing 8 people of which he would chose 2 to come back for a second interview. He told me that after a second interview he would tell me if I was accepted for the job. The only information they wanted to check on was a background report that they would charge me $100 for. I asked if I would be charged for the background check if I didn't end up getting the job or if i didn't accept their job offer.

I spoke to a friend of mine the night after my first interview and he told me he knew about WFG and that they weren't to be trusted and that I shouldn't work for them. I called WFG first thing the next morning to cancel my second interview. Later that day I was called back and told that I had been accepted for the position even though I had never given them a resume or references. I was surprised that they would allow me to manage their customers retirement accounts without knowing anything about me. I told them thank you for the offer but I'm not interested.

Later I reviewed my online bank statement and saw that I had been charged the $100 background check fee despite not taking the job or showing up for the second interview. I have since been in the process of disputing this charge and getting the word out that no one should take a job with WFG or allow them to see any personal financial information.

Luc520
menlo park, California
U.S.A.

This report was posted on Ripoff Report on 04/01/2009 05:27 PM and is a permanent record located here: http://www.ripoffreport.com/r/World-Financial-Group/San-Jose-California-95131/World-Financial-Group-Will-Hire-Anyone-to-Handle-Peoples-Financesd-San-Jose-California-439981. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on World Financial Group

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 7Consumer 0Employee/Owner
Updates & Rebuttals

#1 General Comment

That is nobody's fault but your own.

AUTHOR: Anonymous - (USA)

If anything, it was your fault that you didn't ask any questions. 

And if you felt pressured, then be up front about it. This is the reason why people who never make a success in their lives blame others. I know "WFG" didn't do anything to you, so it's not really the company but it could be the person who interviewed you. Remember, the company runs itself. People are their own private contractors with the company. And people are people--people are stupid. 

Luckily though, if you felt the way you did, I would have dared you to report or sue the company. Why? I guess because the judge would laugh and the lawyers would laugh. 

Hahahaha. 
Respond to this report!
What's this?

#2 Consumer Suggestion

WFG is not a Scam, But is Poorly Run

AUTHOR: Michael - (U.S.A.)

Keep in mind that WFG, like other financial companies are tun to stay in business. They need a massive number of recruits so they can keep those that make deals and make them money. This is true about any company and mostly about MLM's.

Look at how they "interview" people. You are correct that if you showed up in torn jeans and a tank top, you would have been "hired" .Red Flag #1. The $100 is a joke since you are an independent contractor (stated ad nauseum on every document ever produced by WFG) so if you were a 3 time felon, it would not harm WFG. So paying for a background check is red flag #2.

Look at their pay structure. They are nice enough to allow you to keep 25% of your earned commission. Now you see how they stay in business and pay for those nice "conferences" in Vegas. There are other companies that follow the WFG business plan but pay 50% or more of your commission even as a newly licensed agent.

Imagine having to recruit others in your "downline" just to get promoted. Like any small business, (they try to tell you are just like a small business) you do not have to hire employees if you are doing a great job selling the products or services. In fact, there are other companies that do not require you to build a "base shop" if you don't want to. 

Another tactic is the policy of trading your "legs" to get promoted. That is the biggest red flag around. Having to give up your hard work just to get a promotion is terrible. You should be able to keep your own hard workers and grow with them to each level and each point of success, not bargain them off as chips in a poler game.

WFG is certainly not a scam, but if you can come up with several ways of improving it, there are companies in So CA that have done so and there are making a lot of money on being a part of that organization and not paying WFG a majority of their hard worked money.
Respond to this report!
What's this?

#3 Consumer Suggestion

World Financial Group is Not What the Whiners Say It Is

AUTHOR: thecourt - (USA)

I read a recent whiner about a World Financial Group issue with $100.00 that he give to them. 

First of all, if you had issues about the sound opportunity you were considering, they did not hold a gun over your head stating give us the $100.00 or else. Now he wants the money back after he decided not to pursue the opportunity (apparently it was a two interview process -- he did not have a second interview -- and yet he gave the $100.00 check to them anyway)

Again he was not threated with his life with a gun over his head to give them the check. Think about what you are doing before you do it --- do not claim a company such as WFG is a bad one when you were not smart enough to understand what you were doing.

 

 

 

 

 

 

 

Respond to this report!
What's this?

#4

This is the Real Deal

AUTHOR: xxxxxxx - (USA)

I don't know where all you victoms get your information, but I was a COLLEGE GRADUATE BA IN BUSINESS AND AN ASSOICATE IN ADMINISTRATIVE ASSISTANT and this company changed my life!


The company has the best products in the industry. (do your research) I have been here 14 years and in my WORST YEAR  I made the same as a corporate america job plus a second job!  I recruited 2 people last year so all that scam about recruitinging is bogus.  I don't get paid a dime to recruit someone.


Wake up victoms of normality, do your research, attend the financial seminars available.  There is only one every day and a field manual with hundred plus companies in it to do your research. We have the best products, six step plan, active money mangement, helping families when the economy is down.  


My blessings go out to you people who don't understand the power or the company.  I suggest you try another financial services companies.  I have changed my entire life here helping people.  I have protected peoples assets when the economy is down, helped people get out of debt, provided instruction on the proper amount of term, and permant, disability, and long term care insurance, provided direction in estate plans.


In my experience the only people who don't make at least a living out of this fabulous company are the ones that are not self motivated, don't want to take an extra step, want to do as little as possible and get paid. Those people should work for corporate america and leave THIS GREAT COMPANY ALONE!!

Respond to this report!
What's this?

#5

WFG doesn't provide decent training??

AUTHOR: Danette - (USA)

As a member of WFG and former employee of other insurance/financial service firms I can say that WFG has some of the BEST training possible.


They don't pay for your licensing..and why should they? Most people who join even with different types of sales firms get recycled shorly after getting their license and it just goes to waste. Paying for your license helps show value and insures that we actually use it.


WFG provides AWESOME field trainings. Depending on your upline, you'll have amazing leadership. Fast start pushes new members to go on at least 10 field trainings within their first month.


We have training seminars TWICE a week and often have longer classes and seminars a few times a month with the biggest producers in the company. Believe me, WFG's agents are well informed and well trained if they choose to be.

Respond to this report!
What's this?

#6

WFG doesn't provide decent training??

AUTHOR: Danette - (USA)

As a member of WFG and former employee of other insurance/financial service firms I can say that WFG has some of the BEST training possible.


They don't pay for your licensing..and why should they? Most people who join even with different types of sales firms get recycled shorly after getting their license and it just goes to waste. Paying for your license helps show value and insures that we actually use it.


WFG provides AWESOME field trainings. Depending on your upline, you'll have amazing leadership. Fast start pushes new members to go on at least 10 field trainings within their first month.


We have training seminars TWICE a week and often have longer classes and seminars a few times a month with the biggest producers in the company. Believe me, WFG's agents are well informed and well trained if they choose to be.

Respond to this report!
What's this?

#7 Consumer Comment

Understanding working in financial services.

AUTHOR: David07003 - (U.S.A.)

MLM is nothing new in financial services. Primerica is the king of it and there are many other companies comming out with their systems. This company, WFG, is going to have the same problems that Primerica had. The main thing to understand is that when you work for a real insurance company, you get your licensing paid for, you get a 2 week intensive training on products and prospecting, then you ride with your manager on appointments, and you attend a sales seminar every week. The idea is that you get trained to be a successful agent. These companies MLM dont have this training and support in place like the establish companies do. So we in the field of financial services look down on them.
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory