To sell the financial-success promise, PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, and AJW flaunt the wealth of the highest-ranked Associates and those few insiders at the top of the pyramid, as examples of the riches that await new participants, if only they will work hard enough (i.e., tirelessly recruit new Associates). Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. ATM Finder. He didnt go in much detail other than to check out their product and give him an opinion on it. Create an account to follow your favorite communities and start taking part in conversations. So why don't we? This Credit Union is federally insured by the National Credit Union Administration. Oops! Stated aims of the class-action include establishing. Address Line 1 *. A 2016 video cites Zhang as a Premier Financial Alliance President, and depicts her receiving a special birthday present from PFA founder and CEO, David Carroll. Sounds like that exactly whats going on. Is Premier Financial Alliance A Scam? Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. Knowledgable and experienced mentors with you every step of the way. Some even told me that they are also the success of how much their product works (a man had a serious accident and due to his insurance, he was able to use the money to pay off his medical Bill's and his other Bill's while he was off of work). Equal Housing Opportunity. That deterred me from committing. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. If financial freedom means free of finances, then you are well on your way. Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. In this company we all help each other. 100, Brisbane, CA 94005. Our associates are supported by a first-class team that is as passionate as you are. That being said, its important to do a background check before joining a program; let alone buying a product or service to avoid being scammed. Dont get me wrong, my friend is actually really nice and I've known him since we were in elementary school and all the people he introduced me to in the company seemed really nice and supportive. Financial security and freedom is an idea that all seek. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. There are lawsuit against PFA, but they are all denied. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. To join PFA, you have to pay a non-refundable amount of $125. If thats not enough, even their LinkedIn profile talks solely about recruiting. Financial Services. Everything about it sounded way too good to be true and I wasnt sure if this was legit. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. So I have to give you personal contacts and persuade them to join the team or to buy life insurance but I wouldn't be making any commission off MY contacts because I'm still "in training" and not a certified life insurance agent yet? However, this is not the case with Premier Financial Alliance. Financial Calculators. Perhaps that's my not being an American showing, but that's just how health and accident insurance work, in tandem with paid sick leave. Lawsuit After Lawsuit Calling It A Pyramid Scheme. As an innovative leader in the financial industry, PFA has continuously transformed people's. In our review we found an astonishing lack of information provided to potential PFA retail customers or indeed, whether retail sales were even possible at all. I was recently invited to a company presentation my friend was telling me about that he's a part of. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. PFA, WFG, Amway they are all big successful company using this system. The importance is, is the lawsuit successfully. You can also subscribe without commenting. So I went to one of their interest meetings and was really interested by the product and the company so I joined with a fee of $125, I just wanted to know if anyone else had heard of them. But looks like company agent screwed Nepali and Bhutanese immigrants. No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. Membership Join the Credit Union! Their . If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. Email *. Need Assistance? Now I'm literally changing lives. Phone Number 888.867.6533. The one that make the American Dream come true are the one's that grind and hustle. Premier Financial Alliance Reviews a Checklist to Prepare Your Family for Unexpected Life Events, Premier Financial Alliance Compiles Easy Money Saving Tips for Young Professionals. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. BehindMLMreviewed Premier Financial Alliancein 2016. now = new Date;
Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. };
This naturally raised the question of what Premier Financial Alliances core priority was. Operating Status Active. Its total legal and make sense. Living Life by Design Indexed Universal Life1 is customized specifically for and distributed exclusively by PFA. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. Call us at (920) 898-4232. Premier Financial Alliance Seal Team Business details. According to the FTC, if the source of your income heavily relies on the number of your recruits and not on the sales you get for selling their products, its a telltale of a pyramid scheme. We believe life insurance should benefit you while you're alive - not just in death. Now I lost $125. Ill be checking in for updates on both cases on July 19th, after which our next scheduled case update will be on or around August 20th. That was the first red flag but I was bored and curious. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. Premier Financial Credit Union Mobile Logo. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th. Press question mark to learn the rest of the keyboard shortcuts, http://www.scam.com/showthread.php?641926-Multi-Level-Marketing-Premier-Financial-Alliance-%28PFA%29-Scam, http://sajha.com/sajha/html/index.cfm?threadid=111838, http://www.ripoffreport.com/r/premier-financial-alliance-seal-team/rockville-md-maryland-20850/premier-financial-alliance-seal-team-premier-financial-alliance-seal-teamrex-wu-john-wu-1192255, http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. About us. PFA has not persuaded the Court that any other factorscosts of litigation, ease of access to sources of proof, availability of compulsory process as to former employees or associates, etc.would favor transfer to Georgia. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Ever wanted to have a super profitable online business but lack the ability or desire to create products and struggle to drive traffic, generate leads and convert sales? What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. Serve your client, Serve your team, and required always put other people first before. Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. $149. Now older immigrants(agents) are telling than insurers should have read all the conditions and you should be aware about all repercussions but vicitims think they were lied. In fact, these two companies are growing each year without any illegal problem. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Premier Financial Alliance, Inc. 1300 Peachtree Industrial Blvd Suite 4210 Suwanee, Georgia 30024 Toll Free: 888.867.6533 Direct: 770.271.0443 Fax: 678.482.1975 [email protected] Close. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". Find locations. if (theYear < 1900) {
We know our agents put in the time and effort to help their clients and feel they should be compensated for it. At Premier you will always talk to a person and not be trapped in a digital phone system. Here are the top work-from-home tips from our staff. If you have fallen for a scam, you can post your experience here to warn others. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. There are fees that you need to settle to become a licensed one and more or less, you need to pay $100 to $200 for this. Notify me of followup comments via e-mail. Whether retirement plans, funding your childs college tuition, or having enough money in the event of an emergency, these are the types of decisions that should be made sooner than later. It's actually great. Other than MLMs, one of the most questionable products or services is insurance, and perhaps thats one reason why there are people who dont have it yet. Is he supposed to have used a life insurance for that? The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. While there really is money in becoming an insurance agent, and by that I mean massive commissions, the legit IC Ive seen compensates their members for selling their products. Theres even a lawsuit filed against them by prosecuting attorneys in June 2018, claiming that the brand has never sold any of their products, in this case, insurance. Community. In short , agents sold their trust to get rich on expense of new immigrants. Permanent life insurance protection with a cash value component. No marketing is done to retail customers. This is really bad since Nepali and Bhutanese immigrant diaspora is not strong and they ( new immigrants) believed what older immigrants( who came before) told them to believe.Bad part is most of agents are older immigrants. While I wont directly tell you that Premier Financial Alliance is a scam or a pyramid scheme, I will let the facts in this review and the reviews of other people help you decide. Company Premier Financial Alliance Seal Team. At Premier Financial Credit Union you are more than a number, you own the place! They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. Read More. PFA and WFG does not make money of recruiting people. As per a July 1st order however, the hearing was continued till August 20th. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. Premier Financial Alliance believes in empowering people with the knowledge and confidence needed to build their own business without the fear of failure that prevents you from achieving financial success.. Premier Financial Alliance, Inc. (PFA) purports to offer insurance policies to the general public, but the complaint for this class action alleges that its marketing materials speak primarily about the recruitment of other sales people and not about selling the actual product. Premier Financial Alliance agents are paid variable commissions from the insurance carriers based on the type of product, amount of coverage, and other factors such as the age and health of the customer. 1 General Admission ticket. At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. 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