World Financial Group Reviews

Updated Nov 29, 2021

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Found 800 of over 967 reviews

3.9
77%
Recommend to a Friend
81%
Approve of CEO
World Financial Group President & CEO Joe DiPaola  (no image)
Joe DiPaola
420 Ratings
Pros
  • "Good alternative to other set of part time job if you are really interested(in 29 reviews)

  • "Would the governments of every province and the federal gov't license agents who are aligned with an illegal enterprise(in 25 reviews)

  • Cons
  • "Expect to sacrifice some time with friends and family at times, also the same way any business owner must(in 50 reviews)

  • "Constant recruiting to make money(in 37 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    Anyone else hate banking lingo and make fun of it, but as soon as a discussion starts you say "we dont want to boil the ocean here". Fml. Whats your most despised finance phrase?

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    1. 5.0
      Current Employee, less than 1 year

      Consultant

      Sep 27, 2021 - Financial Advisor in Mississauga, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Learning how money works Knowledge about finances, insurance , mortgage, debt etc

      Cons

      Still no experience any downside

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    2. 3.0
      Former Employee, more than 1 year

      You may or may not love it!

      Nov 23, 2021 - Associate in Vancouver, BC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      if you have strong sales motives, this is a good start. if you are driven by personal financial success, if you are a great team builder, if you are a go getter, if you like working in an office with paper, if you like talking to people, this is your job! if you have a life licence and would like to stay a part time advisor, this may be for you.

      Cons

      WFG, originally a US company, has a MLM (MultiLevel Marketing) structure. some people might confuse it with pyramid schemes. if you wish to focus on building a financial advice business, then you lose out on commissions as compared to other MGAs. the way to make money in WFG is by building a team of advisors, in turn you receive a passive income from their practice as they grow.

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    3. 2.0
      Former Employee, less than 1 year

      Difficult to start

      Nov 21, 2021 - Insurance Agent 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Passive Incremental income through recruitment

      Cons

      Heavily focus on recruiting rather than any other business model

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    4. 3.0
      Current Employee, more than 1 year

      Work satisfaction

      Nov 15, 2021 - Marketing Director in Winnipeg, MB
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good range of products, nice environment, team effort

      Cons

      At times not easy to find clients & close deals....compared to more popular names in LI industry (Manulife, Sunlife, RBCI etc).

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    5. 1.0
      Current Employee, more than 3 years

      terrible

      Nov 26, 2021 - Agent in Vancouver, BC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      This is a pyramid scheme

      Cons

      It’s a pyramid scheme? Prepare to get taken advantage of.

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    6. 5.0
      Current Employee

      We help families to be financial free

      Oct 21, 2021 - Investment Consultant in Toronto, ON
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You can build up your own team and gradually grow it

      Cons

      You chose to work 24/7 instead of a 9 to 5 job

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    7. 4.0
      Current Employee, more than 3 years

      Great

      Oct 12, 2021 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      If you work and sell products, you will earn a lot of money. But If you are not putting any efforts in selling this is not the job for you.

      Cons

      Need to convince people .

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    8. 4.0
      Former Employee, more than 3 years

      Great Products, Tough to Maintain

      Sep 29, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great People. Products are great and should be available to everybody.

      Cons

      Some bad apples and recruitment is tough process.

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    9. 5.0
      Current Employee

      Life Changing Opportunity

      Sep 20, 2021 - Executive Marketing Director in Richmond, BC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Unlimited Income Potential. Complete Control of Time, Promotion and Income.

      Cons

      Take Time to build a business. (Minimum 1 Year)

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    10. 5.0
      Current Employee

      Great entrepreneurship entry.

      Sep 16, 2021 - Financial Professional in Vancouver, BC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      It's great opportunity for someone new in business. Low cost to start, easy license no high education needed. The company system is really great, all training is provided. Everyone is getting equal promotion opportunity for even women, stay home mom, immigrants and etc. Also great opportunity for experienced business owner too. They can start with low cost but low risk with their client base.

      Cons

      It really depends on your ability and your willingness. And most previous employee can't start off easy unless you get the right mindset. You have to be Proactive in learning and getting training. It takes time to be good at what you are doing.

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