Financial Concierge
Dublin,#2Consumer Suggestion
Sun, May 04, 2014
I definitely share some of the same concern the author has pointed out. Just because someone is licensed doesn't mean they're good driver. Same applies here. I cringe every time I see someone making recommendations or doing illustrations incorrectly. WFG is about building people who otherwise would not have gotten the opportunity in this industry. In order to succeed, you just have to have passion and work hard. Its a team strategy and having trainers who are qualified to take care of consumers for yoru while you're learning. New licensed person should not be doing illustrations or sales without supervision. With other traditional financial institution, you may be an unpaid intern for multiple years while giving away your market. With WFG, you are at least making some money while you're learning. Its all matter of perspective. At your current job, do you have a boss who makes more money than you and he/she in turn has a boss who also makes more money. Corporate structure in itself is a pyramid. As far as WFG being a scam, I would have to disagree. Insurance industry is highly regulated. If there was any scam going on, it would have been shut down long time ago. I don't always agree on how the commission percentages and structures work but its designed for average person to be able to come into the industry and make money just from working hard vs having lot of knowledge in the finance. Of course it helps to have prior knowledge but it is not required. For someone like me who does come in with the wealth of knowledge, its actually tough to build in WFG since others see me as someone not duplicatable. I could easily work for any other insurance firm across the country as multiple agencies have offered but I choose to stay here because I would rather train people who are honest and want to help people vs those who are greedy and half a** to sell unsuitable policies.