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    World Financial Group Reviews

    Updated 17 August, 2017
    350 reviews

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    Full-timePart-time
    3.7
    StarStarStarStarStar
    Rating TrendsRating Trends
    Recommend to a friend
    Approve of CEO
    (no image)
    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

      4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review

    4. "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.

    5. "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!

    6. 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

    7. 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

    8. 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

    9. 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.

    10. 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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