World Financial Group Reviews | Glassdoor.ca

World Financial Group Reviews

Updated 20 March, 2017
311 reviews

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Full-time Part-time

3.8
Star Star Star Star Star
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Joe DiPaola
139 Ratings

311 Employee Reviews

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Pros
  • Another attractive component is the unlimited income potential and ability to open offices across state lines (in 11 reviews)

  • You can learn a lot financial knowledge that you don't learn from school (in 8 reviews)

Cons
More Pros and Cons

  1. "Financial Advisor/ Insurance Broker"

    Star Star Star Star Star
    • 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


  2. "Why it is unique platform"

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

    I have been working at World Financial Group full-time

    Pros

    I t is the best platform for smart, ethic-centre, entrepreneurs.
    No boss
    Positive attitude and motivation because of No ceiling on income
    Flexibility of time
    Flexibility of place
    passive income

    Cons

    There is no room/tolerance for unethical and unprofessional behavior
    If you not coachable, you are wasting your time.


  3. "Don't be fooled"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Agent in Vaughan, ON
    Former Employee - Insurance Agent in Vaughan, ON
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at World Financial Group part-time

    Pros

    Knowledge base is wide and on your own time.

    Cons

    It's not your own business as they would like you to think. You have to read the contract because of if you decide to leave they take all your clients. You lose all royalties and the only recourse is to take them to arbitration. Which is highly costly and if you lose you pay all legal fees including the arbitrator and their lawyers. Don't be fooled it's a pyramid system.


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  5. Helpful (2)

    "Great Place To learn about Finance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Training Associate in Grande Prairie, AB
    Current Employee - Training Associate in Grande Prairie, AB
    Recommends
    Positive Outlook

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

    Pros

    -Awesome business Model
    -able to learn about finances
    -Very Positive atmosphere
    -with hard work and dedication you can become your own BOSS
    -Unlimited potential to grow your business as large a you want
    NO FAMILY LEFT BEHIND

    Cons

    Steep learning curve at the beginning.

    Advice to Management

    Keep up the Great work


  6. Helpful (9)

    "best business model"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Mississauga, ON
    Current Employee - Associate in Mississauga, ON
    Recommends

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

    Pros

    1) excellent business model
    2) great opportunity to make money
    3) teaches u a lot about finance
    4) business that will never end

    Cons

    1) very hard to recruit people
    2) people unfamiliarity of new business models makes them think it is a scam
    3) needs patience


  7. Helpful (2)

    "Not everything they seem"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Calgary, AB
    Former Employee - Financial Advisor in Calgary, AB
    Doesn't Recommend
    Negative Outlook

    Pros

    Positive Atmosphere
    Introductory Financial information
    Cheap Desk Fees

    Cons

    Don't want to get into more indepth planning
    Offered 1 size fits all for clients I brought in
    Act like they were the only ones who offer these services to people but infact I now work with a better company with the same and better products and services
    Worst compensation starter package in the industry

    Advice to Management

    Spend more time on client files


  8. Helpful (4)

    "Chance for everyone"

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

    I have been working at World Financial Group full-time

    Pros

    - Providing the opportunity to everyone to become successful and be your own boss.
    - Unlimited potential to grow as big as you want.
    - Helping families to understand financial concepts that are hidden in the industry out there.

    Cons

    - Patience is required to be successful


  9. Helpful (4)

    "Flexible Rewarding & Fun!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Kitchener, ON
    Current Employee - Associate in Kitchener, ON
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    You can work as little or a much as you want. Your hard work really pays off and you're your own boss!

    Plus you get to help families achieve their dreams! When your finances are in check anything is possible :)

    Cons

    You have to be self motivated and be willing to learn because there is A LOT to learn. However, you're learning about finances and how to build wealth which is something you benefit from personally wether you sell product or not. If learning is your thing, this company is the perfect fit for you!


  10. Helpful (2)

    "Good company, but you need to be passionate about it"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Incredibly supportive office, very inspiring. Large range of products and good education on why life insurance is important. A clear and logical system to follow.

    Cons

    It's hard to build up a team and contacts. Everyone is very supportive and inspiring, but unless you truly want to do this and have the drive for it you'll find it very hard to succeed. Pay is on a commission basis, so again; you need to work hard for your money.


  11. Helpful (3)

    "great company for initial start up"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - 5-5-30 in Edmonton, AB
    Current Employee - 5-5-30 in Edmonton, AB
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    too many opportunity and if you want to find out more go every week training and learn from there. be passion and follow the steps nothing comes overnight so don't loose your hope.

    Cons

    hard to understand system from beginning to top u don't know whos earning commission from your commission. so part of WFG be open to your recruits.

    Advice to Management

    Get back WFG name in financial market because unsuccessful people spoiled too much. So that's why its hard for beginners



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