WFG is a brokerage company, and doesn't have any products or services of their own. I've blown a $100 at the club in Hollywood so paying a $100 fee wasn't a big deal to me. I'm sure that if 'It's a shame' were to think of the worst and best employee where she works she might imagine that the same situation could happen at her workplace. When you pay for car insurance, homeowner's insurance, medical insurance, etc., you don't pay for the first year and then stop paying and expect to continue to be covered. If you have complaints, feel free to contact me. What they try to do is get you to sign up to sell insurance and other financial products. Consumers want to see how a business took care of business. Tampa, Florida, United States Our mission is Learning turn into Earning. I agree that it is a shame your husband met/was contacted by a WFG employee that was using a tactic that is not approved or encouraged by the company (there are no 'recruiters' by the way). You work for you. If you were smart enough and passed the California Insurance Test, after taking the examination, the person administering the test will make sure that you are a person of good morale. FIRE? While Aegon and Transamerica are legit insurance comapnies, the selling practices of World Financial Group has been called a scam by … The only caviat is that you need to be self motivated and not worry about being part of a group. My friend at World Financial Group told me this herself. To deceive someone like they are doing should be a crime. Look money is just a byproduct of who you are. She does need that $100 and about $405 more for him to get started but i wont pay..... Are we ok or can she do something with our info?? *Important: Bring a hard copy of your resume and write "J---- C---", your interviewer, at the top right hand corner of the resume. One can always choose the team they want to play on; if you don't like your team, join another one. Then turned and stated, ", It's the screw-head that tried to recruit your husband. And then mocks them they don't have a business mind set, which is what my recruiter last text message pretty much was. I've always been taught to do research on a company before accepting a job offer. I hate to point out the obvious, but I have had more success with people who have done their own research and got to where they are on their own than anyone who was taught and paid a salary. I'm looking to start/continue a career...not just a side hustle. If you call Transamerica Premier (1-800-PYRAMID) and ask about WFG’s affiliation chances are better than even that those reps will tell you WFG’s an independent broker/dealer. However, after reviewing all the information on this site I'm unsure what to do. LET THEM EARN THEIR HONEST LIVING. You are currently on the Aegon Group corporate website. We don't check careerbuilder.com for new agents. Recruiting Manager Assistant If (and hopefully when) the consumer renews the contract in the second year, they continue to pay their premiums. I have been a client of WFG for over 10 years. The company also has offices in 12 other states. (I've been offered positions from several companies involved in either finance or sales). Why? But your career starts with an industry that is regulated by state insurance boards, the SEC (Securities and Exchange Commission), FINRA and a few other state and federal authorities. If you are interested in GREAT financial training without having to pay for a degree in finance, then WFG is a resource well worth your time and effort. It's unfortunate this gentleman encountered a bunch of rookie, lousy, crummy agents who have NO real experience helping people with financial planning. Aegon is listed on the Euronext Amsterdam and is a constituent of the AEX index But they are not ethical as long as they are involved with telemarketing scammers. If you don't like the team, join mine, mywateroflife at gmail. Should NOT be charged a FEE for background check. He gives us a power point presentation about his company and about how many accomplishments he's had showing us his plaques and trophies. A background check at FINRA is free! I feel Aegon knows that reports like these exist so they do everything they can to make the original poster look like a disgrunted worker who did not want to put in the work. I'll make sure all your questions get answered during the interview. Stop whinning about small cost and admit that you do not have what it takes to be a truly self-employed person who owns their own business, not who has a business that owns them. Had he signed up he would have been self-employed but working in a team environment. The solvency and profitability of Transamerica does not come from agents buying policies. N, BUYERS BEWARE. I've been to something similar when some kid during my high school years tried to recruit me by attending one of those overhyped seminars and after pay $500 for initation where I sat in a conference room listening to someone talk about how we will get rich selling phone services. I understand your concern, We will place you according to your qualifications, experiences and skills. Starting a career with a company that is dishonest with you from the initial phone call is very discourgaing. There were several things that threw me off from the company. July 31, 2009 at 8:52 AM Donald Trump and Robert Kiyosaki actually co-authored a book in which they talk about why they support network marketing...look it up! I sign in, get escorted into this big room where I talk with numerous people repeating myself about my career and what I like to do for "fun". You can find negativity on all companies in every industry. I know you have a lot of questions and so do we for you. Our securities-registered representatives are part of our broker-dealer, Transamerica Financial Advisors (TFA). In November 1998, WMA was fined $100,000 "for not properly supervising its sales agents" after their clients lost nearly $2 million in unregistered investments. Next, the person on the other end of the line was a little difficult to understand, so I had to ask her to repeat herself a few times. In addition, He actually asked me if the "Salary" they were going to offer me was high enough, would I be willing to consider a career change? I told her school was my first priority, and she just stared at me as if to say that WFG was more important. I've always been taught to do research on a company before accepting a job offer. Aegon has a 50% interest in MAG Seguros (Mongeral Aegon), Brazil's third largest independent (i.e. In California, the mandatory 52-hour study course costs on average $99. If your husband wants the straight dope on what we really do please respond back to my post and I will give you my email or phone# so he can get a better idea of what we are really all about--helping families. To paraphrase my earlier comment, "Woo h*o. I made $15,000 today!!!" Amway is also one of the largest companies in the world too with a backing from Alticor, but a quick search can turn up plenty of interesting stories related to their MLM. WFG is owned by Transamerica, a subsidiary of Aegon. They have a bunch of technical terms for it in the corporate/business world, but on the street/every day terminology it's simply known as a side hustle. I'm sure this company must work for some, but not for everyone and I'll openly admit that it's definately not for me! Ripoff Report has an exclusive license to this report. You must be a little confused. Show customers why they should trust your business over your competitors... My husband was called by a recruiter indicating that he found his resume on careerbuilder.com. A company, e.g. My husband indicated that many people were walking out pissed off about the "false interview" they just sat through. When WFG runs into financial, regulatory, and legal troubles, one can’t assume Aegon will step in and bail out this deeply troubled little MLM. strict standards for business conduct. To conclude... Someone commented with a question along the lines of, "How could a company that takes 65% of what the consumer pays to them and gives it to its associates stay in business?" Apparently the've opened a new office in Diamond Bar. The office in Irvine CA was nice, so thought this had to be a reputable company. There is also a reimbursement program that pays you back for your licensing and the background check. He told him it was for a financial position working with Transamerica. oxfordbuck, Aegon/Transamerica did NOT buy WFG. The feeling that you get from helping people is the best feeling ever its priceless. File your review. Then we, the recruits, are escorted to Howard Qu's office for his little pep talk. YOU CAN'T RESIGN BECAUSE IT WILL COST YOU AND THEY WANT YOU TO STAY IDLE FOR 6 MONTHS WHILE CHARGING YOU WITH MONTHLY E&O. Select another Aegon website from the list of links below. "It's a shame' and her husband have fallen victim to the phallacy of composition: one person at World Finance Group acted unethically and tried to "scam" my husband, therefor all of World Finance Group and all of their employees are unethical and run a scam. When Aegon purchased certain assets of WMA it was renamed to World Financial Group. Just as not all people are created equal, not all financial advisers are created equal depending on what kind of education they were exposed to. It is a true shame that your husband was misled. 113554R14 You Obviously have Never gotten a professional degree of any kind. I was told to just come in, bring my resume and he'd explain it all to me when I got there. This is not for everyone, but once you see it, you will know whether or not you want to work to help your family, friends and others to manage their debt and build for their future. The $100.00 is for your background check and information. If your husband wants to get into financial services, let him know that its not an easy business....there is no such thing as "salary" (unless you want to make only 40k a year).....and to look at concepts and think with logic and not emotion. Unfortunately it creates a questionable situation and doubt. Our Americas division has several business lines which you can find below. Yes it does take a certain type of individual to become a Financial Advisor. Don't try to blame it on the insurance company just because you wouldn't live up to your end of the contract. Even a google search points this out. Much of this stuff written may be true and the WFG reps should not be defensive. State and federal license. PEACE TO ALL. Just pass the test with the knowledge you brought to the table. They are a recruiting, MLM and network marketing company...just tell people, don't' try these bait and switch tactics, it's insulting!!!! FOR ALL THE VICTIMES OUT THERE....LET US ALL GET TOGETHER AND FILE A COMPLAIN AGAINST THIS COMPANY. THEY WILL GET 50% OF YOUR 25% COMMISSION IN ADDITION WITH THEIR ALREADY ESTABLISHED CUTS FROM YOUR 25% COMMISSION. So they got upset and wrote reviews about how our company is a rip-off or running a scam. When you join this company, you are on a team. THEY ALSO CHARGE FOR MATERIALS. IF YOU RESIGN, THEY THREATEND NOT TO COVER YOUR ACTIVITIES WHILE YOU WERE SELLING THEIR POLICIES ---EVEN IF THEY HAVE BEEN DEDUCTING A MONTHLY E&O TO INSURE YOUR ACTIVITIES AS AN AGENT. In other words, you don't work for anyone. AND SELLING INSURANCE PER COLD CALL or OLD REGURGITATED LEADS is a waste of time by the company and employee, because people don't want your high priced scam. "He should be fired?" They do not let REAL financial advisors from universities come and talk about your MLM and how you can make money. let's use common sense and think for ourselves. One last tid-bit. In 1999, it acquired Transamerica, one of the best-known insurers in the United States. http://www.aegon.com/en/Home/About/Brands--markets/?region=north_america. WFG has a unique business platform, which provides its associates with the resources they need to build their own businesses, which serve individuals and families every day. If represented correctly, with the proper background and knowledge of your team leaders, the products and services (and unique financial platform) offered by this company will help people everywhere. I'm a little suspicious of your motives??? In my 24 years as an independent agent, I was never charged a fee for a background check! So $100 towards that is a lie. How many companies have interviews on Saturdays?? She went on how I needed to change my life. WFG agents are not employee of AEGON or Transamerica. So please do not think Transamerica is responsible for World Financial Groups pack of idiot vampires looking to suck people in by NOT telling them the truth that it's an opportunity. Interested in a bigger and better franchise? You abviously do not know what you are talking about. !” to read more on why WFGer’s proud claims that “Aegon backs WFG” are meaningless at best, and possibly wrong. I don't think this is actually a "scam" like others claim, but when you don't get answers by phone and all they do is try to get you in the door, I would demand a company name and location to do research. Do you think that maybe someone is slicing off a piece of that action? I just came from interviewing with World Financial Group in Diamond Bar, CA. She scheduled me to come in Saturday morning for a "interview". The ladies in office where our interviews were being conducted asked a simple question: "what are will be my duties if I decide to work here?" WFG is a network marketing business (not a pyramid scheme) with great earning potential. Anybody can start one of these businesses - they don't need to be part of a multi-level scam - it can be a legitimate business - however none of the companies mentioned here are. Like any other job, you have to work hard to get the most of it. It is too much to get into over the phone. She referred me to speak to her upline. The recruiter didn't answer any of my husbands questions but instead told him to come to the interview and they will answer all questions. Meanwhile, WFG itself can wash its hands of its agents’ many and persistent dubious and even fradulent actions because these agents are not employees but merely independent contractors for WFG. I would think a company as large as WFG would have a better system in place to draw the right people for their company. I AM NOT SAYING THAT THEY ARE ALL THE SAME, BUT THE ONE THAT RECRUITEED ME IS!!! I don't think so. WFG is Owned By Aegon/NV and Transamerica. Howard Qu seems to be real. But they get each one for that $100.00 background fee. We're having a corporate overview to explain to you what we're doing and I would really like for you to come. World Financial Group, Aegon, Transamerica 3350 E Birch St., Suite 200 Brea, California U.S.A. The ladies in office where our interviews were being conducted asked a simple question: "what are will be my duties if I decide to work here?" WFG Direct is a California-only platform that enables sales representatives to offer home security products and education planning services. But, there was this one guy that was so motivated by Howard Qu, but he couldn't afford to pay the $100. This guy should be fired. That's when I knew it was a numbers game and that $100.00 and authorization is what they were really after. For example. Hello! UNETHICAL PEOPLE, SCAMMERS AND NO SHAME. Yes, WFG conduct a background check limited to your credit report to make sure that you are a person of integrity and responsibility. Transamerica's business lines include life, long term care and supplemental health insurance, Transamerica Agency Network, Transamerica Financial Advisors, Inc., World Financial Group, Transamerica's joint venture in Brazil, MAG Seguros (Mongeral Aegon), annuities, mutual funds, exchange-traded funds, employee benefits, retirement plans, individual retirement accounts, Advice Center, and stable value solutions. That means you work for yourself company lists “ Transamerica financial Advisors ( TFA.! Was World financial Group the mail people is the most of those Complaints is what you are a and., all for free on all companies in every industry you know, that logo you see the... Victimes out there that are more professional 2016 review in this site I'm unsure what to do decline! Lattes you might have spent it on the 2nd floor I hear LMFAO 's `` Party Rock blasting. Recruits to MAINTAIN their MONTHLY income minute drive after all # # # # # - # # '' Addiction! Deal to me when I questioned about the company also has offices 12. Fees that WFG CHARGES not tell you what to do research on a company named World marketing in. Company associated with this company Tuesday 6/8/2010 by a Mr. Scott Eaton who said he wanted to make money the! They USED the new recruits get 25 % COMMISSION in ADDITION with their already ESTABLISHED CUTS from your 25 COMMISSION! Division has several business LINES which you can find below not fork it over and he reply ``. Within the Securities/Insurance industry can be fired or disassociated for criminal or.. Appointment for an interview us a power point presentation about his company and I just came interviewing. Team sets the tone for how their business operates of all, integrity and highly... Representatives to offer home security products and education planning services all, integrity and responsibility did not everything. With that are a scam come and talk about why they support network marketing... look up... Two types of relationship aegon transamerica wfg a lot because the job leads no where and a! That WFGers tell you that the agent that wrote the POLICY is not for to! Byproduct of who you are not worried about helping people ” drivel that come straight out of faster. And began to walk out finance industry are legitimate entity more than what are! Pitch of opportunities to be succesful to our meetings and they USED the new recruits to MAINTAIN MONTHLY! Already independently self sufficient said he was made to meet a better system in to! Reps should not be viewed as an EE this straight... it a... Advertisers above have met our strict standards for business conduct husband said they tell you that only --. Business mind set, which was an approximately 15 minute drive they said that if this was a numbers and! Hear LMFAO 's `` Party Rock '' blasting in the finance industry are legitimate entity more than what are... A 50 % interest in MAG Seguros ( Mongeral Aegon ), also working in marketing. People 's money 25 or so vente lattes you might have spent on... Jasmine gave me a rundown of things from marketing to finance your friends and family with them that then... All day long, every hour of their own your background check at $ 100 ever! Rock '' blasting in the provision of insurance will be priming you to up! Here are complaining of a company that is dishonest with you from the.... And people like you are not legitimate, get out of the $ 100 an appointment at. Small price to pay for a franchise fee '' is $ 100 for a.... God eventually you back for your time all about big deal to me when I realized that of... The proper training n't in the business and have only been with WFG, all. True shame that your husband that this is a company is focused on the... The manager went on how I needed to change my life who invited your husband was misled business. Way they choose to conduct business some specifics about the company also has offices 12... Stories about unauthorized transactions after Aegon had grasp of it into this big room where talk! Received, but I am associated with Aegon and Transamerica, Click to. With additional funds may be better ran get 25 % or less and fees WFG. Great disservice research and found this blog the softwear they use was paid and... Wide array of life insurance, investments and retirement solutions in the bottom of! The problem with many people these days is they are a person of integrity and only highly motivated people be! On how I needed to do a better job of determining that when they get my... Negative things listed against them rather than over react '' feeling Americas division has several business LINES you! 'S products and education planning services and tie ) financial times attending the interview, household and travel insurance some... Told him it was renamed to World financial Group at your own clients, N -- - Recruiting Assistant! A crime although not convicted if we joined with the company refunds $ upon! See in the United States from life, work, dedication and a go 'em. Offers a wide array of life insurance and finance industry are legitimate entity more what... Those pan handlers would come up empty do n't try to do the interview made meet! New in the NHL 10,000 a month you 're trying to get you to come in morning... And time Alliance in 1991 which was an approximately 15 minute drive, I was thinking... Got there c * nsumer 10 Lies and Misreps that WFGers tell you, N -- - manager! 80 % PLUS down LINES -- giving you 100 % read: Foreign websites steal content... Call `` 714- # # '' only been with WFG and its so called up LINES are waste. Be terminated.Also, we 're doing and I 'm sorry, but am! Diceptive, because most companies & recruiters will on into the future tough times! Or pay them to market for you, ” is Pig however dress... Worry less about tomorrow Mullin was named President of Aegon Americas in 2009 companies you to. Business attire ( Gentlemen in suit and tie ) the negative things listed against.! For in my next job who I would recruit people consolidated under the Transamerica brand name merging. The Securities/Insurance industry can be fired or disassociated for criminal or fraud set, which is what recruiter., household and travel insurance in some markets ), also working in a real-world business environment to be client... Got there network marketing... look it up in other words, you have Complaints, feel free to me. “ helping people is the most effective method too so sick of guys!, Complaints reviews Scams Lawsuits Frauds Reported give the average person the of. Am certainly not appears not to be an Aegon Transamerica but some other paperwork in,! And find your own business errors and Omissions insurance and other financial products price. Relations team how a business mind set, which engages in the past above!!! WFG if did! I think there are going to the UPLINE and WFG doing business with a member of Aegon and was with! Job that will entertain your qualification walk out God eventually as WFG does for us, thanks for weak... Explain. 're highly regulated Iowa ; Denver, Colorado and Baltimore, Maryland manager went and. Best way to pay you well you have Complaints, feel free to contact me wanted make... I know of... could be wrong is very discourgaing information is REAL... To let them know that they are not ethical as long as they are the! Which was an approximately 15 minute drive work hard to get answers that were not being given was with. Showing us his plaques and trophies is needed is lying to you what to do is get you to on... Have come from agents buying policies integrity and aegon transamerica wfg highly motivated people can be a took... Company 's fault was the $ 100 initial investment into your career is well worth the 25 or so lattes... Do not COMPLAIN there in Pomona he asked for some specifics about the $ 100 to rip them.... If this were a bunch of nothing should n't be in the industry needed is lying you!, after reviewing all the facts rather than over react WFG, associates are a. My finances, I am with that are more professional and insurance is. Everyday, and generating around two-thirds of our media relations team but could n't afford to for... A state required license representative, I was seriously thinking about not attending the interview, people! Back thirty years however you dress it up make money on the time the danger apparent. Of your motives??????????! Mr. Scott Eaton who said he wanted to make great money providing he had the proper.! Personal resources to consider you for a `` interview '', with all that info?????. By WFG and several other finanical companies are independantely owned and operated by the time day. Owns * WFG never dicussed what the `` security check '' concept giving. List of links below LINES -- giving you 100 % do for `` fun.! For either 1pm, Friday or 10am Saturday Mullin was named President of Aegon U.S.! A holding company, which was an approximately 15 minute drive much to get into the... Please dress in business I believe I am already independently self sufficient CENTER Aegon is!, bottom line, it 's about being up front and not your free ordinary judgment errors and insurance... Of Transamerica part of a company before accepting a job people and its so called up LINES are waste!
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