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    World Financial Group Reviews

    Updated 22 June, 2017
    336 reviews

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    Full-time Part-time
    3.8
    Star Star Star Star Star
    Rating Trends Rating Trends
    Recommend to a friend
    Approve of CEO
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    Joe DiPaola
    151 Ratings

    336 Employee Reviews

    Sort: Popular Rating Date
    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. Helpful (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. Helpful (2)

      "Rather a recruiting business than financial advising"

      Star Star Star Star Star
      • 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

    3. "Ok to work part time"

      Star Star Star Star Star
      • 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

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    4. Helpful (6)

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

      Star Star Star Star Star
      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

    5. Helpful (7)

      "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.

    6. 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

    7. Helpful (10)

      "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

    8. Helpful (4)

      "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

    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 (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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