World Financial Group Reviews | Glassdoor.ca

World Financial Group Reviews

Updated 23 September, 2018
479 reviews

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3.8
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Joe DiPaola
238 Ratings

479 Employee Reviews

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Pros
  • "If you put in the work you will definitely make a lot of money" (in 13 reviews)

  • "You will learn a lot about personal finances, investments" (in 9 reviews)

Cons
  • "It's MLM where once you blow through your friends and family it gets a lot slower" (in 33 reviews)

  • "No Base Salary and Specific products" (in 14 reviews)

More Pros and Cons

  1. "Different Offices Different Cultures"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Port Moody, BC
    Current Employee - Associate in Port Moody, BC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    There are many great things in this business that you can learn to implement in your life, relationships, and business even if you don't continue this business. Most of the pros and facts are said in the book by Steve Siebold "The Truth About World Financial Group Unauthorized."

    Cons

    Each office can do anything that they want as long as no one reports them or they do something against the law. I have experienced 2 offices that do unethical things and of course a company this big can't micromanage but they can place certain rules and regulations to stop unethical activity in the offices.

    Advice to Management

    Improving the company communication and quality check of individual offices would greatly impact the growth of the company.


  2. Helpful (1)

    "Best Career Move Ever!"

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

    I have been working at World Financial Group full-time (More than 10 years)

    Pros

    I was employed with the government making $40,000 for 23 years and if I stayed for 40 years my pension would be about $1500/m or $18,000/yr - yahoo!! Came to WFG and within 3 years my income was at $150,000 and after 5 years I was being paid about $5000/m residual income (trails on investments & renewals on insurance). Currently, after 13 years, my residual income is about $8000/m, more than 5x what my government pension would be after 40 years! Need I say more...….but there is more. Here's a list of other pros:
    a) I set my own schedule - no one tells me when to go to work, I DECIDE!!
    b) great leadership - people who walk the talk and have gone thru hardship to get what they have
    c) great training - best in the industry. Weekly training from our product partners & successful leaders in Canada
    d) unlimited earning potential - I'm directly compensated in relation to my efforts. With the gov't, no matter how hard I worked, I only made what they felt I was worth. Now, I decide what I'm worth!!
    e) I get to compete & win trips, bonuses and more
    f) Company environment - focused on helping others - we don't make any money unless a family is helped - I LOVE THAT!!
    g) we give everyone a shot to prove themselves!

    Cons

    There aren't many downsides but some would see these as such:
    a) Have to pay $125 to register with the company - they check into your background for things like fraud and financial issues. This pays also for all your training except for the occasional out of office workshops which are $5-10 per day.
    c) Conferences held in Vegas once a year and in Penticton in the fall - this is on your own dime but real business owners see it as a business expense.
    d) Similar to d) above - you are directly compensated in relation to your efforts. Most people are lazy, in my opinion and aren't willing to work hard. If that's you, don't even start here as you will NOT be successful.
    e) it takes hard work! I reiterate this because it's important. If you work hard, follow the advice of those who have gone before you, you will be successful. It's just that simple.
    f) watching people with tons of potential give up on themselves - that's the hardest part of my work. I feel sorry for them because I believe anyone can do this if they persevere. If you are given a shot here, don't waste it!

    Advice to Management

    Keep doing what you're doing! I've never worked in a more supportive environment, with nicer people and greater mission statement. I love the business culture of No Family Left Behind starting with my family.

  3. "Part Time Associate"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at World Financial Group part-time

    Pros

    Good if you're entrepreneurial and want to lead your own financial services business.

    Cons

    Constant push to recruit people to open houses and to become licensed.


  4. Helpful (1)

    "Marketing Director"

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

    I worked at World Financial Group full-time (More than 5 years)

    Pros

    Too notch training and mentorship, good commissions, lots of contests. Make sure you join a good team or its a grind.

    Cons

    MLM style company. Recruiting is a requirement to get promotions. Different offices can be very different.


  5. Helpful (1)

    "Great company with Social and worklife balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at World Financial Group part-time

    Pros

    1. Ample opportunities to be a leader.
    2. Your teammates and their families are your healthy social circle that grows positively
    3. You get lots of knowledge for how to manage and plan your finances
    4. Get opportunity to educate others and provide services to other families. Helping others is the best of living your life.
    5. I understand that it takes efforts to build your business, which is the truth in any type of business, but its worth it. When families do it together and support each other , you do not have to balance your life. It gets balanced on its own.

    Cons

    I don't see any cons


  6. Helpful (2)

    "Greatest career decision of my life"

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

    I have been working at World Financial Group full-time (More than 10 years)

    Pros

    Unlimited Income
    You can build something for yourself and your family rather than build someone elses dreams
    Total control of your time
    Amazing training and support
    Incredible personal growth and development
    World class mentoring and coaching
    Ability to have serious residual and passive income
    Amazing products for clients
    Extremely rewarding in terms of the difference you can make in clients lives as well as teammates
    The ability to get financial free
    Great character and integrity from the top down, the founders and leadership team of the company are amazing
    Build incredible friendships
    The ability to qualify for once in a lifetime travel incentives, over and over again
    Improves the quality and quantity of meaningful relationships

    Cons

    Takes a serious look at yourself in the mirror
    Need to be willing to get uncomfortable and change your habits
    Need to be willing to develop your mental toughness
    Not everyone says yes so you'll get rejection, some people have a hard time handling that
    You'll have people start with you that want to win at a high level, but quit too soon and it is sad to watch people give up at times

    Advice to Management

    Grateful to have you running the corporate side of things, keep it up.


  7. Helpful (1)

    "Marketing Director"

    StarStarStarStarStar
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great company to develop entrepreneurship mentorship quality as well as financial education

    Cons

    Leadership can range from office to office

  8. "Financal Advisor"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great opportunity to achieve dream lifestyle

    Cons

    No stable income in the beginning

    Advice to Management

    Focus on Training


  9. "Power of Choice"

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

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

    Pros

    Freedom of time
    Great commission structure
    Pay days 2 times a week
    Well structured training
    Becoming a licensed agent opens up opportunity in other fields of industry
    Transparent promotion structure

    Cons

    Corporate website not the easiest to navigate
    WFG Apps are not the greatest for your smartphone, slow to update.

    Advice to Management

    Have our website and apps more user friendly


  10. "Not at all glamorous but can be lucrative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Toronto, ON
    Former Employee - Financial Advisor in Toronto, ON
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    lucrative, high earning potential, independence

    Cons

    I was not a fan of the company culture


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