World Financial Group Reviews | Glassdoor.ca

World Financial Group Reviews

Updated 17 August, 2017
350 reviews

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3.7
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Joe DiPaola
155 Ratings

350 Employee Reviews

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Pros
  • Another attractive component is the unlimited income potential and ability to open offices across state lines (in 14 reviews)

  • Work hard and you make a lot of money (in 9 reviews)

Cons
More Pros and Cons

  1. "Senior Marketing Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Marketing Director in Toronto, ON
    Current Employee - Senior Marketing Director in Toronto, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at World Financial Group full-time (More than 5 years)

    Pros

    One of the best opportunities to grow , and has big potential and freedom of choice

    Cons

    no downsides except the extra fees added up every month

    Advice to Management

    non


  2. Helpful (1)

    "From Training Associate, to Senior Marketing Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Marketing Director in Toronto, ON
    Former Employee - Senior Marketing Director in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at World Financial Group full-time (More than 3 years)

    Pros

    Worked my butt off for 2.5 - 3 years, some of it part time, some of it full time. In the beginning of your career, it all comes down to your leadership, whether or not your leadership is good however, it is still a sink of swim deal. After getting my promotion to Senior Marketing Director, at the time I had 2 offices, and about to open the third (Toronto area). Good to money to make, but you have to work your butt off.

    Cons

    The bottom line is, WFG is a multi-level company, any way you put it.. from compensation, to culture, to company events... every piece of it is MLM. So if you're willing to sell your soul, and "become WFG" eat, drink, sleep, breathe WFG... you will probably become successful... at the cost of many relationships. Otherwise, you probably won't go too far, and will probably quit after realizing that you have no life outside of WFG.

    Advice to Management

    Canada's head office is a hoax. They're just a bunch of employees paid and fully run by the field activity of the MLM army. They simply have no clue. I advise you to hire private investigators to audit WFG field offices to observe and document the amount of forging signatures, malpractice, coercion, using inflating talk, ignoring client sustainability (whether it's a recruit or a sale), manipulative talk.


  3. "financial advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at World Financial Group part-time

    Pros

    Good sales experience, team leader was very helpful

    Cons

    100% commission based, if you are looking to get some quick money, this may not be the job for you


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  5. "Commissioned Based Job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    You can make more money if you are interested in sales.

    Cons

    Unorganized and a bad image in the market,

    Advice to Management

    Make easy for agents.


  6. "Glad I stumbled upon this company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at World Financial Group part-time

    Pros

    Flexible work hours
    Contract percentages are great
    The key is in their advancements!
    Not straight sales as there is the possibility to build a brokerage with earnings through broker spread just like a real estate broker
    Truely refreshing experience and career, I would recommend people to take a look and talk to a local WFG agent.

    Cons

    Not for the weak minded
    Have to self-driven and motivated

    Advice to Management

    Keep supporting new associates as they are your field force and future, they just need some guidance and some answers!


  7. Helpful (4)

    "Rather a recruiting business than financial advising"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Mississauga, ON
    Former Employee - Financial Advisor in Mississauga, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at World Financial Group full-time (More than a year)

    Pros

    - Motivation, a lot of it, basically that's what we talking about during most meetings
    -Positive minded colleagues that will motivate you

    Cons

    -No technical training on researching investment options for clients, your trainer (marketing director) do that on his own time
    -Rather a recruiting business than financial advisor, you book appointments and your trainer will do a lot presentations for you about joining the business
    -You or your relatives are most likely to become your first client for life insurances, and the firm expect you to recruit more people into your team so they can buy life insurance from you, so you can make money

    Advice to Management

    -Train your advisors on technical financial analysis skills on best investment options for clients, instead of mindless "you can do it" motivations to recruit more people who might not have the skills
    - Focus on the entire service package including investments, pension funds, mortgage instead of just trying to sell your recruits life insurances, otherwise you have to edit the job title to insurance salesman rather than Financial Advisor


  8. Helpful (10)

    "WFG - Pyramid (MLM) whatever you want to call it"

    StarStarStarStarStar
    Former Employee - Engineer in Regina, SK
    Former Employee - Engineer in Regina, SK

    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)

    Advice to Management

    - be honest with the public - admit you are a pyramid scheme posing as a legitimate business, and do the world a favor and disappear forever


  9. Helpful (1)

    "Ok to work part time"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Training Associate in North York, ON
    Current Employee - Training Associate in North York, ON
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at World Financial Group part-time (Less than a year)

    Pros

    Learning nvestment imdustry. You get help for your growth . social and friendly setting. Unlimited income potential.

    Cons

    No new people in the program, no value. Not organized. Mouth to mouth promotion of products and services has deviated the quality and authencity .

    Advice to Management

    Keep the company a bit more organized and in system


  10. Helpful (3)

    "worst company with worst people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at World Financial Group full-time (More than a year)

    Pros

    Has a huge income potential if you can lie to people.

    Cons

    People in wfg are worst people. They are so nice on your face and pretend to be so caring but these people can be worst than your enemies. They are more than selfish. Have no words for them.


  11. Helpful (1)

    "Financial Advisor/ Insurance Broker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Vancouver, BC
    Current Employee - Financial Advisor in Vancouver, BC
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at World Financial Group part-time

    Pros

    positive work environment
    great mentorship and training materials provided
    NO quotas or monthly sales requirements
    able to work on your own schedule

    Cons

    lot of external pressure to recruit others
    need a business/entrepeneural mindset to truly be successful
    need to be comfortable talking to other people
    great leadership skills are a must
    takes a lot of personal development to get going if you are new to business

    Advice to Management

    More effort needed to give on product training
    More person to person practice to simulate actual appointments
    More training on topics not covered in llqp licensing


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