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World Financial Group

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World Financial Group Reviews

3.8

71% would recommend to a friend

(1,039 total reviews)

Joe DiPaola

61% approve of CEO

71% positive business outlook

World Financial Group has an employee rating of 3.8 out of 5 stars, based on 1,039 company reviews on Glassdoor which indicates that most employees have a good working experience there. The World Financial Group employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

1K reviews
1.0
11 Mar 2013
Recommend
CEO approval
Business outlook

Pros

Lots of good hearted people

Cons

Constantly being fed lies about how our commissions beat out the commissions of the traditional insurance and investment industry. Made to believe that the 'exclusive' products that we as WFG agents had to offer were superior to what the traditional industry had in their bag of tools. Both of these teachings are complete garbage, and if you decide to look past the walls of WFG for yourself, you are quickly rejected, and TERMINATED This is unfortunately the norm for anyone who decides to leave. You cannot quit, they will always terminate an agent, so that you have no ability to sell your agent code, which is basically the book of business that you may have spent years building. Your clients BELONG to WFG. ASK anyone who has left and you will hear the same story over and over and over.

1.0
23 May 2017
Recommend
CEO approval
Business outlook

Pros

If you are high enough in the MLM stack, you can make a decent income.....as long as you fool yourself into thinking it is somehow OK to fool other people into thinking they can all be as successful as you, even though it is mathematically impossible for everyone to earn even a modest income - most "recruits" are students, foreigners, and people in the worst position to be offering financial advise to anyone, and drop out early - and this is necessary for the model to continue to function

Cons

- MLM is the new name for a pyramid scheme - you ARE making money from people under you, and people under them, and people under them..... - you will spend more time "growing your downline" by recruiting than learning about the financial industry and becoming a good financial advisor - if you do rise high enough, you will be spending more time managing the churn than learning about the financial industry and becoming a good financial advisor. - you will become good at exaggerating your skills as a "financial advisor", exaggerating your own personal wealth to attract potential "downline" clients - your only real use will be selling insurance and somewhat crappy funds - clients will find no value in this unless you break out of the WFG mold, crack open some books, and actually become a certified financial planner on your own (WFG doesn't spend much time advocating this)

1.0
16 Apr 2018

Be Careful

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Great for people who have the time, money, and patience to work here...

Cons

1. You pay for everything 2. They don't tell you that you are selling a "product" 3. They don't train you to sell said "product" 4. You have to give them your inner circle personal phone numbers (you have to call whoever you write down) 5. After you leave they still contact people you "suggested" 6. You pay for everything 7. You "invest" $100 to the company for "administration" fees. 8. Job is mainly about recruiting others to be on the "team". 9. Have to be willing to invest 99% of your time to recruit others. 10. You have to pay $10 for a booklet of information and only one page is used for the duration of your employment there. 11. Fully commission based 12. Formated as a pyramid scheme, because the person who brings you in get all the money until you are licensed to sell life insurance. While you are working to get qualified you are earning points! 13. DO NOT APPLY UNLESS YOU HAVE ANOTHER JOB ON THE SIDE!!!!!!

Viewing 1 - 3 of 1,039 Reviews

Glassdoor has 1,303 World Financial Group reviews submitted anonymously by World Financial Group employees. Read employee reviews and ratings on Glassdoor to decide if World Financial Group is right for you.