![]() | This page is an archive of past discussions. Do not edit the contents of this page. If you wish to start a new discussion or revive an old one, please do so on the current talk page. |
![]() | This
edit request to
World Financial Group has been answered. Set the |answered= or |ans= parameter to no to reactivate your request. |
Please change...
"World Financial Group (WFG) is a multi-level marketing company based in Johns Creek, Georgia, a suburb of Atlanta, which sells investment, insurance, and various other financial products through a network of distributors in the United States, Canada, and Puerto Rico.[1][2][3] It is wholly owned by Transamerica, a subsidiary of Aegon.[4]"
To ...
"World Financial Group (WFG) is a financial services marketing company based in Johns Creek, Georgia, a suburb of Atlanta, which sells investment, insurance, and various other financial products through a network of distributors in the United States, Canada, and Puerto Rico.[1][2][3] It is wholly owned by Transamerica, a subsidiary of Aegon.[4]
Because ...
World Financial Group is not a multi-level marketing company but rather a financial services marketing company. Below I will strategically break down the three references that have been highlighted & how they are flawed. Once I break down the flawed references, I will make a recommendation to use new references from much more reputable websites.
According to current Reference #1: Lubove, Seth (May 28, 2008). "Dutch Insurer's U.S. unit draws scrutiny from regulators" ...
We do not know who Seth Lubove is or, what his credentials are in reporting on World Financial Group. We do not know the sources of his article either and thus have found many false statements within the article itself. Although the New York Times is a reputable newspaper & website, we are not so sure about Seth Lubove.
For example: "One thing about the unit, based in Duluth, Georgia, that sets it apart from traditional sales forces is structure. As a pyramidlike, multilevel sales organization, World Financial produces the big compensation for its agents not from their sales of products so much as their recruitment of new agents, according to the company's marketing materials."
False statement #1: World Financial produces the big compensation for its agents not from their sales of products so much as their recruitment of new agents, according to the company's marketing materials.
Agents of World Financial Group do not get compensated by the recruitment of new agents. No where in the company's marketing materials does it state that. By law, compensation for recruitment is illegal in the United States.
According to current Reference #2: "Petition to Revoke License" (PDF). Securities.utah.gov. Archived from the original.
A petition to revoke license filed by Mr. Wayne Klein on October 12 2006 indicates in section 6 that "WFG is a multi-level marketing company." By which authority does Mr. Klein assert that World Financial Group is a multi-level marketing company? Multi-level marketing is a marketing strategy, not a company definition.
Reference #3 "Aegon in Missouri Provokes Regulators Finding Sales Deceptions". Bloomberg. May 28, 2008.
This reference is a dead link and can be removed.
My suggested change to the heading of World Financial Group's wikipedia page can be substantiated by the following references:
Bloomberg https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=6549822
Baltimore Business Journal https://www.bizjournals.com/baltimore/prnewswire/press_releases/Maryland/2018/12/19/PH08053
According to these references, here is what it says about World Financial Group:
"World Financial Group, Inc., a financial services marketing company, provides life insurance, and financial products and services to individuals and families. The company offers insurance products, such as term and permanent life insurance; annuities, including fixed, variable, and equity indexed; and mutual funds. The company also provides college planning services, such as prepaid college tuition and college savings plans, education savings accounts, custodial accounts, and savings bonds; retirement strategies; and business client solutions. The Company offers its services through independent business associates in the United States and Canada." 47.28.116.80 ( talk) 07:52, 5 January 2019 (UTC)