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  • Report:  #824719

Complaint Review: Symmetry Financial Group

  • Reported By:
    Steve — Carrollton Texas United States of America
  • Submitted:
    Wed, January 18, 2012
  • Updated:
    Fri, May 03, 2013
  • Symmetry Financial Group
    Lake Worth, Florida
    United States of America
  • Phone:
  • Category:

I have received several calls from them offering a job, one as Symmetry Financial Group the other as the Wilson Group.  Another time they called as the NAA.  If you look up the whois database for their webpage, sfgleads.com they started this website on Oct of 2009, not very long ago.  Both in Symmetry Financial Group and NAA I found Ed Orell's name listed.  They want to sell you leads and can cost you a lot of money if sold at $20-$25 per lead.  A telemarketer at $10/hr producing only 2 leads per hour, they profit $15-$20/ lead.  Get 2000 unemployed people to sign up who cares about selling product.  Do the Math.  $15 profit per lead, 6 leads per day is $90.  Only using 240 working days is $21,600 per agent in profit, times 2000 agents is $43,200,00. in profit.  I love Ripoff Reports.  As another person put it, same sh*t different toilet.

11 Updates & Rebuttals


froze

Fort Wayne,
Indiana,
United States of America

Leads

#12General Comment

Thu, February 28, 2013

I just laugh whenever I read about someone complaining about leads, and or the cost of leads, and or the leads are a ripoff.  Are there ripoff leads?  Sure, most phone generated leads by a call bank are a rip off, the caller needed to fill a quota for the day so they fake leads.  Mail generated leads are not that way, a person received some information regarding insurance filled out the card and return it, plainly knowing that someone will call them to set up an appointment.  

The only way a mail generated lead could be a rip off is if it had been ran several times by other sales people with no resulting sales, then it's given to another sales person with claims it's a fresh warm lead.  That does happen with a lot of lead generation programs or companies who have the leads and lie to the agents about the freshness of it.

Sales people who think these leads are a rip off are sales people who simply cannot sell and should drive a truck for living or some such thing!  I know that sounds harsh to some you, but the facts are facts.  Those who can sell do not think paying for warm leads is a rip off because they know it's difficult to get quality warm leads, and get enough of them to make a living.  Any company that offers a warm lead generation program like the one being discussed here has every right to charge for that lead to prevent loser sales people, like the ones complaining here, from burning up good leads; the charge for the lead helps to discourage the losers from working there so they'll leave to make room for those who can sell and don't mind spending the money to make more money.  

If you spend $100 for 5 leads and sell 2 a week (which in my opinion is a bad closing ratio for warm leads) you would still make the industry average of $300 in commission per sale, thus you take home $500 after paying for the leads, not bad for just 5 appointments or what I would consider to be part time work, and that income is without up selling and without getting referrals!   

Unfortunately most people hired by insurance companies cannot sell, and so you get mass hiring going on, this is done by ALL insurance companies, it's the old saying in the industry...you keep throwing mud on a silicone wall and wait to see what sticks.

And for those of you looking at this information on this site for the first time and are considering life insurance sales, keep in mind that life insurance pays renewal commissions year after year, not a lot, about 3%, but it adds up over the years, and with most companies you're vested after usually 5 years which means you keep getting the renewals even after you leave.

People who come to places like this to whine and cry about leads are people who simply cannot sell, they have no excuses, and should be ignored by others coming here to get the facts.


Ron

somerville,
Massachusetts,
U.S.A.

Bitter?

#12REBUTTAL Owner of company

Tue, December 04, 2012

Steve, you sound like a broken record...get over it...Be honest one of two things happened..1. Ed did not hire you or 2. he hired you and found out you sucked..it has to be one or the other...you sound like a bitter old man


Ron

somerville,
Massachusetts,
U.S.A.

SFG

#12REBUTTAL Owner of company

Sun, March 11, 2012

Hey Christian..u r awesome dude!  Love the way you answer people!  I just signed up with SFG and can't wait to begin!


Miami

Miami,
United States of America

Crab bucket scum

#12UPDATE Employee

Wed, February 29, 2012

This guy's full of it. Obviously you were a rejected applicant. You don't even have a clue how the company operates, yet your ranting an raving on here screwing with people heads, all the while counting the lent in your pockets.
Ed is just ONE employee out of thousand. Through his hard work he has been promoted to manager aka Agency Director of a SINGLE office, out of the many throughout the nation.
Like you said you LOVE Ripoff Report...I wonder how many other companies you took the time to bash, waiting for your 8 hour limit to pass.
PS.. If Ed is a P.O.S. and NAA, and SFG, and obviously you claim to know the intricate history of all three, YET you still applied to SFG and dealt with Ed....what type of P.O.S are you??? The lowest Scum of the Earth...real smart.


Steve

Carrollton,
Texas,
United States of America

Get it right

#12Author of original report

Tue, February 07, 2012

I stated he was a director of SFG, it is clearly stated in his video.  You can go to the link previously posted but I guess you couldn't be bothered.  Just to see if you follow, it's the last video and let's see if you can get it correct this time, http://www.sfgleads.com/testimonials.aspx  Let's not get re-directed, SFG sells leads to the people they hire to the tune of a lot of money.  Great concept but I just can't make money that way. Anyone that reads these and previous notes can see which way the wind blows. We get it, do you?  If you can get to management, sign up lots of unemployed Americans (if they make money or not it's not your problem) and make a lot of money doing that, I believe you might be able to live in the big house on the hill next to the lake.  Please read the book "Where have all the leaders gone" by Lee IacoccaIf.  The problem I have is when executives hide, say they aren't affiliated with a company that has bad reviews, and well I won't go into the rest of the BS.  I grew up in a period of an honest day's work for an honest day's wage.  I'm sure this is a concept that is unknown to you.  I can appreciate the last comment, it is more professional than prior comments that smack of high school verbal fights.  Is this what our country has become??????


Christian

United States of America

More pesky facts

#12UPDATE Employee

Sat, February 04, 2012

1) I don't think you are the right person to be correcting grammatical errors. Start by proofreading your own comments.
2) Ed is a director, and an excellent one. Since my sports analogy confused you, let me spell it out. Ed is not one of the owners.
3) Ed does not work for "Bernie".
4) The complaints you refer to are against a company named "Symmetry Direct" It has zero affiliation with Symmetry Financial Group. Does this confuse you?
5) With all of your ranting and personal attacks, you still haven't stated anything of substance.
6) I'm still waiting for that job offer from that superior company you created!


Steve

Carrollton,
Texas,
United States of America

Read the rebuttals

#12Author of original report

Sat, February 04, 2012

Let's take it one step at a time.  

Employee #3 when you say noone cares, misspelled, everyone cares about the job they are considering unless they are a sociopath. 

If you took the time to watch the video before responding you would have know " Ed Orell stating he is the DIRECTOR of Symmetry Financial Group as of Jan 26th, 2012" a clear statement not relevant to all of the other sport  rhetoric you post.  You said "Send your personal hate mail to Ed, and let the rest of us continue to earn an honest living helping protect families.""Bernie" Madoff" made a living and it seemed honest until the tide went out and everyone could see he had no clothes.  The only hate being posted is on your end, this is a forum of exploration and information.

Next:
"The only complaint I ever heard about SFG is from you."  

You can go to http://www.ripoffreport.com/directory/Symmetry.aspx for additional information or go to Google and search "symmetry financial group scam" for more information.

Employee #4
If you would have read Employee #3 he states "I understand you have some personal issue with Ed, and frankly noone cares. Because someone is affiliated with a company does not make him owner."  You said "He (Ed Orell?) isnt looking for a guy that is going to come on here and complain!" Which is it?? In some business's they call this the right hand doesn't know what the left hand is doing.

Conclusion:
I was so thankful for the rebuttals, it seems to be apparent that if you are impressed with the comments from the employees from this company, this truly is a company for you.  Hate mail "go work for geico wimp" Employee #4.  
Geico was was founded in 1936 and your website, "domain: symmetryfinancialgroup.com
created: 18-Nov-2009
last-changed: 18-Nov-2011
registration-expiration: 18-Nov-2012"!!!!!!  Your company seems to have such a long track record.

Other comments bring me to the understanding of what this company really stands for.  If their employees were diligent, educated, and work for a better life in America for the Americans they represent we might have had a different level of rebuttal.  I really hope they don't represent Americans.


jonathan

greensboro,
North Carolina,
United States of America

Get it right

#12UPDATE Employee

Wed, February 01, 2012

Well if you asked me about a job interview and ed orell was giving it! I would walk away saying what an a*s! Problem is you have to look at what he is after. He isnt looking for a guy that is going to come on here and complain! He doesnt care if you do put junk on here about how it is a scam. People dont have the balls to try this if they complain. They werent willing to change. We share in this and I cant stand the absolute degrading of something when you speak bull!!!! I can gaurantee you didnt change or make any money! you judged and you are soft! Ed is good at what he needs to do. He doesnt scam he just doesnt accept half a*s! Get yourself together and go work for geico wimp


Christian

United States of America

Again, lets consider facts.

#12UPDATE Employee

Fri, January 27, 2012

I understand you have some personal issue with Ed, and frankly noone cares. Because someone is affiliated with a company does not make him owner. Jason Garrett is the coach of the Dallas Cowboys. I guess you think he is the owner too then. He used to play for the Giants too. Does that mean the Cowboys are just like the Giants, and have just changed the name? Your logic is presumed and faulty. The only complaint I ever heard about SFG is from you. And all you complain about is Ed. If he goes to work at a homeless shelter, are you going to bash them too? Do us all a favor. Send your personal hate mail to Ed, and let the rest of us continue to earn an honest living helping protect families.


Steve

Carrollton,
Texas,
United States of America

When the Lie's so big

#12Author of original report

Fri, January 27, 2012

Go to:  http://www.sfgleads.com/testimonials.aspx and the last video is Ed Orell stating he is the DIRECTOR of Symmetry Financial Group as of Jan 26th, 2012 at 8:56pm .  I really don't care about your income, this forum is designed to inform new employees of what they might expect.  I listen to what you say only to a point in which I find conflict with your information and what your company posted to YOUR website and the affiliation you deny.  "Let me offer the facts to those who aren't blinded from the tears.  Symmetry Financial Group is NOT affiliated in any way with NAA.  The Wilson Group is with NAA, not SFG" and legally you should be correct.  Follow the rabbit and where does he run?  Nothing wrong with a new company and a new web site.  Nothing wrong with a new business.   But what about the same business practices under a new name doing the same business they have been doing all along with lots of complaints only to hide under a different name???  I am asking the question.  If you are an agent or managing partner for this firm, you might want to ask yourself "If I'm making this much money for this company, do I really want to move forward in this rebuttal and possibly risk my license with the insurance board for false statements."  The The Sarbanes-Oxley Act might make you think twice about your write it regret it formula.  I encourage all to investigate companies offering employment.


Christian

United States of America

The Truth Regarding Symmetry Financial Group

#12UPDATE Employee

Tue, January 24, 2012

My condolences about your breakup with Ed Orell.  I'm sure you had a wonderful relationship together, and your heart was broken after a short fling.  But don't take out your heartache and pain on the family by making up lies and talking about things you clearly do not understand.  Let me offer the facts to those who aren't blinded from the tears.  Symmetry Financial Group is NOT affiliated in any way with NAA.  The Wilson Group is with NAA, not SFG.  So get it right.  The website was started in Oct 2009, because that is when SFG was formed.  Is this a problem?  Is it a bad thing when a young company goes from 0 to over 600,000 annual premium in two years?  By the way, in order to produce that type of production, the agents need to be helping a LOT of people.  So it's great for the client, and great for the agent, and great for our carriers.  Here is another lie.  SFG does not have telemarketed leads, as you would imply.  They do direct mail only to generate a fresh lead.  If you have been in the insurance industry for more than 5 minutes, you know that it does indeed cost money to gather data, send out huge amounts of mailers, and distribute leads to agents.  It costs roughly 45-50 dollars to generate a hot, direct mail lead.  The agent only pays half of that cost.  So who exactly is making money on leads???  The only free lead source I know of is referrals and cold calling.  But most agents who rely on just that for their lead source are frustrated and broke.  Those are also the same people that tend to distribute false information about reputable companies to anyone who will listen.  How about this.  I produce 15k-20k in AP per month.  When you start YOUR company that provides me with FREE, fresh, direct mail leads, and will start me out on a 100% contract level, and allow me to build a 100,000 AVP agency in 1 year, give me a call. I'd be happy to take that deal, but as far as I know, it doesn't exist.  When were you planning on doing that?  Until then, maybe spend less time fabricating numbers, and more time checking facts.

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