Comprehensive World Financial Group Review and Opportunity

Have you been approached by reps from World Financial Group, also known as WFG, to take a look at their opportunity. Although I never joined WFG, I have a good look at what it is and how the business model works. If you look at World Financial Group business opportunity, do not join first … at least not until you read this World Financial Group review. In this review, I will go into the background of the company, the products they offer, their compensation plan and whether or not they provide the possibility that someone could be successful.

World Financial Group, formerly known as World Marketing Alliance (WMA), headquartered in Duluth, Georgia, and was originally founded by Hubert Humphrey in 1991. Before the WMA, Humphrey was the #1 Producer for A.L. Williams, now known as Primerica. After Art Williams sold his company to Sandy Weill and The Travelers Group, Humphrey decided it was time to start your own company.

Now, Hubert Humphrey is not part of the company and WFG is now a subsidiary of Aegon, one of the world’s largest life insurance and group retirement and investment products provider. WFG markets various financial services including life insurance, investment and mortgage products, through the network marketing model. WFG has several strategic partners including some big names in financial services: Western Reserve Life, Pacific Life, Allianz, Transamerica, across the country, John Hancock, Hartford Life and the international investment adviser.

Today, the company has nearly 85,000 licensed reps in it’s sales force, and operations in the U.S. and Canada. It is rumored that the company employs about 10,000 new members every month, which is pretty impressive for a financial services company headquartered in direct sales.

To join the company, there is a start-up cost of $100 ($125 in Canada) plus any licensing costs that the state in which you live charges. More or less, likely to be between $ 500 – $ 1,000 for all licenses, and around 20-40 hours of licensing time. Unlike other companies that allow you to make money the minute you join, WFG representatives were asked to get licensed before they can get paid. And while it may seem a negative point for some people, note that since this is a financial product, it must be licensed. The good thing is that you can make some pretty good commission, to the tune of $500 – $1000 for each sale, as soon as possible you write a business.

Another aspect of the compensation plan WFG is that while there’s licensing requirements, and it will take a little longer to train people because you’re dealing with financial products that may get complicated, you only need a handful of producers to make a good income. In fact, analysis of the compensation plan, I was impressed that needs only about 15 to 25 active producers to earn $ 150,000 – $ 250,000 a year. Now, obviously, you have to hire more than 25 people to get 25 producers, mainly because since only a few will actually get licensed, and of those who actually get licensed, only a few will produce. But still … development of 25 leaders, who each get 2-3 customers per month, for 2-3 years, there are many more “do-able” to build a team of 15000-20000 representatives.

One final note, there are a lot of incentive compensation plans, including various trips, Mercedes Benz, Rolex, Superbowl Rings you get for going over $100,000 a year in income and various bonuses you can earn.

With that said, you need to know all the costs incurred for the development of your business with WFG. In addition to license fees that I mentioned earlier, there is a cost to other business lines, especially if the business requires a state license. AThere’s also E&O Insurance (Malpractice insurance for financial representatives) that will run you close to $100 a month. In addition, there may be some fee to do business in other states, depending on what products you plan on selling in those states. If you are serious about building a financial services organization in WFG, then don’t get too caught up with these fees. After all, if you were to start a new traditional financial services companies, you would easily pay much, much more than this.

In conclusion, World Financial Group (WFG) is certainly not a scam. This may not be to your liking, but it was not a scam. If you put time and effort, you can build a profitable business and make a six figure income a year. However, only joining WFG does not mean you can easily succeed. All WFG provides is an opportunity for you to build your own financial business. Ultimately, your success will rely on your ability to brand yourself, market and generate more leads than you can get to. It’s extremely vital, if you’re serious, to obtain the knowledge and skills that will allow you to personally sponsor 10-20 reps a month. Without this marketing knowledge, even though World Financial Group (WFG) is a solid business, you will struggle and, most likely, be dead in the water.

I wrote this World Financial Group Review as a resource for people interested in the opportunity to WFG. Unfortunately, most people who join WFG will not achieve the success they want because they do not have the marketing skills. To learn how to successfully create WFG business, visit MLSP Weekly Webinar Training from all top money earners in this industry.

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