Is WFG a pyramid scheme, a cult, or a legit business? (small business, license)

[Bourney]

Originally Posted by Mathguy

While WFGTommy hasn't scored any points with me by ignoring my questions and blasting at everyone about what losers they are.....your talk of intergration proves nothing.

Financial advisors are more salesmen than anything. Some of the best ones have great people skills and have tech guys that do the back-room recommendation stuff. Even then, the tech guys aren't likely doing calc.

Not true, all financial advisors hold a background in advanced linear functions. Anyone whose been to a business school knows this.

I might be missing a term here, what do you mean by "black-scholes"?

[Mathguy]

Originally Posted by Bourney

Not true, all financial advisors hold a background in advanced linear functions. Anyone whose been to a business school knows this.

I might be missing a term here, what do you mean by "black-scholes"?

1. You can be a financial adviser without going to business school. Some of those guys are merely salesmen that passed something like the CFA and majored in Latin, basket weaving or electrical engineering for all that matters. (Or didn't even attend college)

Again, you can SELL this stuff without much knowledge at all....you just need to gather thier info and have someone who knows their stuff come up with recommendations that you relay to the client.

My friend that does this stuff for a living and is quite excellent at it (and has passed all the exams and is also a CPA) might not remember how to do an integral as it's been over 20 years ago and you never have to sit down and do the pen and paper for it.

2. Black-Scholes
Black–Scholes - Wikipedia, the free encyclopedia

[dkvnel]

Lake_Lanier_Man, Good evening to you. I just happen to come accross your posting as I was looking to capture our newly launched commercials as we (WFG) are sponsoring the PAC10 this year. Aside from that, I wanted to provide a comment to your posting.... You asked is this business a Cult? The very honest and truthful with you that would be absolutely no!!!!!!!!!!! We are an company of independent agents; like a real estate agent working for a real estate broker. Same kind of concept. Just like a real estate agent has to be licensed to do what they do, so do we. I don't believe our Corporate World allows cults to be licensed to manage many american's money. Have you ever had a dream, and found the right vehicle that would allow you to achieve your dream, and maybe you share that dream with the people "you" feel that would be supportive of you, only to find out that, those same people only stomp on your dream no matter if they can or cannot see the vision.....? Believe me... that would hurt a little. Maybe that could be the reason. Not everyone is going to agree with the path one wants to take in life, that is okay, but be supportive anyway if you truly care about the person, cause they will follow their dream anyway.

Thank you, hope that helps
Derrick
WFG

[dkvnel]

Padgett2, if you base your perception of life on what you gain from google.... You have a very hard life ahead buddy. Tell me something, about how many very successful companies such as WFG, do you think you can find negative information on? I will answer that for you, ALLOT. Every company known to man has had a bad customer, bad employee, bad representative or whom ever you want to call them. Not everyone has had a pleasant experience. Just a fact of life right....? Does that mean Walmart should shut down? Does that mean that Merrill Lynch should shut down? Does that mean that Microsoft should shut down? However, this companies are making a difference in the lives of many. Think about it more thoroughly.

Thank you,
Derrick
WFG

[dkvnel]

Wallstreetwarrior,

Wow bro, you are so mis-informed and so angry at other items in your life that I want to help you. It always amazes me the great number of people who "think" they are speaking facts; when your message is clearly off basis. Let me ask you this though.... Wouldn't it make sense to conduct a background check on individuals that want to be apart of your firm that manages billions of hard working families money?????? I think so, especially when your company name is on the line. Would you want someone managing your finances with no form of background check??? What if they had investment fraud counts against them, money laundering, etc... Makes sense. Oh and by the way, your figures are wrong too. Let's speak about the positives WFG is bring to many families that are being left behind financially...? Are you willing to educate these families on how to get out of the rat race of life; living paycheck to paycheck barely hanging on? Are you going to pay for their kids eduation? Are you going to help them reduce debt the number one plague of our society? Come on man, we are changing lives out here day in day out. Take some time to do more research, you will be quite surprise. We are not selling comodities. What about the many families that do not have life insurance and the main income earner dies of premature death... are you going to help that family get through that enormous crisis?????? We do what many companies are not doing.

Thank you,
Derrick
WFG

[Bourney]

Originally Posted by dkvnel

Wallstreetwarrior,

Wow bro, you are so mis-informed and so angry at other items in your life that I want to help you. It always amazes me the great number of people who "think" they are speaking facts; when your message is clearly off basis. Let me ask you this though.... Wouldn't it make sense to conduct a background check on individuals that want to be apart of your firm that manages billions of hard working families money?????? I think so, especially when your company name is on the line. Would you want someone managing your finances with no form of background check??? What if they had investment fraud counts against them, money laundering, etc... Makes sense. Oh and by the way, your figures are wrong too. Let's speak about the positives WFG is bring to many families that are being left behind financially...? Are you willing to educate these families on how to get out of the rat race of life; living paycheck to paycheck barely hanging on? Are you going to pay for their kids eduation? Are you going to help them reduce debt the number one plague of our society? Come on man, we are changing lives out here day in day out. Take some time to do more research, you will be quite surprise. We are not selling comodities. What about the many families that do not have life insurance and the main income earner dies of premature death... are you going to help that family get through that enormous crisis?????? We do what many companies are not doing.

Thank you,
Derrick
WFG

Regarding background checks. It is true that attorneys are required to do background checks on houses in real estate sales. If I recall correctly, ALL COMPANIES ARE REQUIRED TO DO background checks, AND ALL COMPANIES DO THEM FOR FREE, because we have something called the "GOVERNMENT" in this country which holds a huge database of social insurance numbers. Thus, WFG is a scam/sham.

[Catherine R Fowler]

The Background checks for this comany are a farce. But that is not my biggest complaint about this Company. Its a Cult no ifs ands or buts. Having graduated from Theology school while I was working for this company, I know a little about both subjects. WFG wants you to lose all your friends and familly, if they don't agree with what WFG is putting forth. You end up spending more and more time with this WFG and listening to more and more of their hipe untill you brain washed. What they don't tell you is that a large amout of the Upper people went belly up and had to start from ground one. For some people this may be all fine and great, however I worked hard for 10 months I did everything they told me to do, and bought every thing they told me to. I was ranked #8 when it came to recruting. I gave this job 60 hours a week. But one day I woke up, I was broke and I could see no future with this company. I am not the exception but the norm. More people have lost everything chasing after this nobel ideal than have made a success of it. You can find thousands of storie about this company and not just through google, try Yahoo, Ask, Alta Vista. The only reason Aegon holds on to this company is because of the profits it makes. SO buyer be ware!

[anthonysgonzales]

What is a pyramid scheme exactly anyway? Wikipedia defines it themselves.
Look it up on wikipedia yourself. This answer has already been defined by law. You will find...
1. You do not have to buy anything "there are no poducts that any agent need to buy w/ WFG" (this one gets into more detail w/ other MLM's though)
2. You do not get paid to bring people into business with you. (recruit) These two by definition, and look it up please make up a pyramid scheme.

Why so negative? Want to know more. Take a closer look for yourself with WFG, I cant speak for the other MLMs but WFG is a lagit company. I hope you take the time, and not cheat yourself out of something that could be really great for you and your family.

Yes of course success is base off your efforts, but what is'nt? In the end yes you can be very successful in WFG. Hope you see for yourself and not just listen to naysayers.

Oh ya. I count over 350 people making at least 150K p/y in WFG, to 3m plus.. .

[loose cannon]

I did'nt even read all the post. Basically, these mlms are tough. If you have a lot of money maybe you can be succesful but more often than not this is not the case.

[magellan]

Originally Posted by anthonysgonzales

What is a pyramid scheme exactly anyway? Wikipedia defines it themselves.
Look it up on wikipedia yourself. This answer has already been defined by law. You will find...
1. You do not have to buy anything "there are no poducts that any agent need to buy w/ WFG" (this one gets into more detail w/ other MLM's though)
2. You do not get paid to bring people into business with you. (recruit) These two by definition, and look it up please make up a pyramid scheme.

Why so negative? Want to know more. Take a closer look for yourself with WFG, I cant speak for the other MLMs but WFG is a lagit company. I hope you take the time, and not cheat yourself out of something that could be really great for you and your family.

Yes of course success is base off your efforts, but what is'nt? In the end yes you can be very successful in WFG. Hope you see for yourself and not just listen to naysayers.

Oh ya. I count over 350 people making at least 150K p/y in WFG, to 3m plus.. .

Wikipedia is hardly a defining source to the "law". Heck, I can go into the Wiki entry right now and change it as an "editor", and no one would even know. Hmm, let's see, how should I define "pyramid scheme"???

Wikipedia is really just a fluff reference site.

Just thought I'd throw that in there since the whole MLM stuff is comedy anyway.

What about the many families that do not have life insurance and the main income earner dies of premature death... are you going to help that family get through that enormous crisis?????? We do what many companies are not doing.

Thank you,
Derrick
WFG

Wouldn't it be cheaper and a lot less work for them to just buy a life insurance policy?