World Financial Group Reviews | Glassdoor.ca

World Financial Group Reviews

Updated 23 April, 2017
320 reviews

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Full-time Part-time

3.7
Star Star Star Star Star
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Joe DiPaola
144 Ratings

320 Employee Reviews

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Pros
  • Another attractive component is the unlimited income potential and ability to open offices across state lines (in 12 reviews)

  • Work hard and you make a lot of money (in 9 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. Helpful (2)

    "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.


  3. 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


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  5. 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


  6. 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


  7. 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!


  8. 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


  9. "Production operator"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Planning & Project Control Manager in North York, ON
    Current Employee - Planning & Project Control Manager in North York, ON

    I have been working at World Financial Group (More than 3 years)

    Pros

    Hard working, sensitive duties, meet the customer requirement,

    Cons

    shift working, Has not CMMS,

    Advice to Management

    Run CMMS for the production planning


  10. "Marketing Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing Director in Ajax, ON
    Former Employee - Marketing Director in Ajax, ON
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at World Financial Group (More than 3 years)

    Pros

    WFG financial offers financial services and solutions from top products providers.

    Cons

    Investment and money management strategies to put the peoples on the path of financial freedom.

    Advice to Management

    Nice peoples


  11. "coordinator"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Coordinator in North York, ON
    Current Employee - Coordinator in North York, ON
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at World Financial Group full-time (More than 3 years)

    Pros

    Nobody cares. You can come and leave anytime. Supervisors and managers are busy in their little area. You are allowed anytime coffee break, or use your cellphone. Nobody cares what are you doing? If the advisor called we are able to lie to them saying it takes 3-5 business days and they believe as we worked in the head office.

    Cons

    Supervisor is busy in her cube, with her cellphone.
    Co-workers are busy with their cellphone- they dont care about work pending and they talk and chat a lot through the system
    they don't try to answer the work phone and let the call die, even million times you try.

    more than an hour lunch break

    Advice to Management

    Please take care of the company or else it will end up in bankruptcy. Try to get an hour every week or twice a week and review and see whats going on each department. All the advisors are depending on you, as the Toronto Head office.


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