PFA agents or the PFA don't make money on $125 fee. Welcome to Premier Financial Alliance. Press question mark to learn the rest of the keyboard shortcuts. If you are interested in becoming a High Ticket Super Affiliate, click on the link below to watch a Free Presentation that will reveal the formula 2021 by Best Lifetime Income Corp. All rights reserved. with complete knowledge that the Defendants have violated Department of Insurance Guidelines and the anti-pyramid laws, but aided and abetted the conduct of Nationals co-defendants. 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. About us. This is a help forum - bad advice will get you banned, and we do not consider "just joking" to be a defense of advice that would be harmful if followed. Save my name, email, and website in this browser for the next time I comment. If you have fallen for a scam, you can post your experience here to warn others. 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. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. You can also subscribe without commenting. Apple, Google, Tesla get lawsuit everyday as the company get bigger. The founders LinkedIn account is barely updated. PFA, WFG, Amway they are all big successful company using this system. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. Valley Strong Credit Union operates as a financial cooperative. they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. I would suggest to you vadude1, to give this a try. 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. 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. PFA and WFG does not make money of recruiting people. 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. Save my name, email, and website in this browser for the next time I comment. PFA may have privately organized under the Laws of Georgia as a different 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). Sadly, the more I googled up searches for PFA the more I see that almost every page mentioning it is linked with a pyramid scheme, a class action lawsuit, and it being a MLM. Financial security and freedom is an idea that all seek. On November 28th defendants A JW Production, LLC, Bill Hong, The Consortium Group, LLC, Jack Wu, Rex Wu, and Lan Zhang, filed their own motion requesting the same. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. Press J to jump to the feed. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . The wechat (a popular social networking platform), instagram,facebook, and twitter posts made during the class period boast of luxury vehicles, grandiose trips, expensive fine dining. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. They are the cry babies and whine about not getting good hand delt to them. Copyright Nowadays, people can sue people, company sue company every day. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. Call us at (920) 898-4232. This tax season with discounts on tax solutions that save you money, time and stress. PFA has collaborated with the nation's largest insurance . It's actually great. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . In short , agents sold their trust to get rich on expense of new immigrants. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. Premier Financial Alliance is, according to the case, a "suspended" private organization that maintains offices throughout California and Georgia; AJW Productions is the alleged alter ego and money collection entity of the individual defendant described in the complaint as the "chairman" of the pyramid scheme; and Explain to you the system. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. Multi Location Business. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. Read More. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. Its hard, but once you make it, understand it. The company give 30% commision because the money not from them but come from the clients money. How Much To Join Premier Financial Alliance? Is he supposed to have used a life insurance for that? It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. Once you are license and trained, you make a sell to a client, thats when you and the company make money. I also love to write; when not working as a content writer, I create blogs about skincare, makeup, motherhood, and digital marketing. do the same thing. This organization is a scam. Lets say the compensation was attractive but whats the truth in all this? The court also noted that so many of PFAs affiliates reside in California. 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. Haley Piper. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. Knowledgable and experienced mentors with you every step of the way. whether Defendants are operating an endless chain; whether Defendants omitted to inform the Plaintiff and the plaintiff class that they were entering into an illegal scheme where an overwhelming number of participants lose money; whether PFAs statements of income during the Class Period were deceptive and misleading; whether PFAs conduct constitutes an unlawful, unfair and/or deceptive trade practice under California state law; whether PFAs conduct constitutes unfair competition under California state law; whether PFAs conduct constitutes false advertising under California state law and; whether the Defendants violated the Department of Insurance Guidelines in representing the benefits under a policy and/or underwriting. I actually have heard of this company for 3 years now. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. ", "You're never too young for life insurance. Personal Information. Life insurance you don't have to die to use - it just makes sense. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. I wont sell this Insurance to any my friend or family. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. April 10, 2023 | 6:00 PM | Altona Supper Club. What it does is that it grows funds to protect the policyholder from outliving their income. Career. $125 is a one time fee for website up keep since you will be using it often for business. Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. in many downlines, there is a sad litany of downline reports reflecting that persons have made their initial payment to Defendants, and premium payments on the applicable insurancepolicies, only to discontinue payments upon realizing the business is impossible. Affiliate membership requires payment of a $125 fee. From our products and services to all the good we do in our communities. Another reason is that its challenging. They are obviously doing something right. As a new Premier Marketing Associate you will be instructed that the key to attaining success in your business lies in assisting each of your clients to reach their financial goals. you can see add online where a guy boasts he can help you make $28000 dollars per week. Talk to the one who invited you. If so why would you borrow what is yours? https://behindmlm.com/companies/premier-financial-alliance-fraud-cases-consolidated/, https://behindmlm.com/companies/premier-financial-alliance-denied-arbitration-and-venue-change/, https://behindmlm.com/companies/new-premier-financial-alliance-lawsuit-claims-asian-immigrants-targeted/, https://www.mitbbs.com/article_t/SanFrancisco/34629529.html, https://behindmlm.com/companies/premier-financial-alliance-classic-pyramid-scheme-lawsuit-filed/, http://www.wenxuecity.com/news/2018/07/25/7469956.html, a 2018 suit filed by Rui Chen and Wenjian Gonzales, alleging, a 2019 suit filed by Youxiang Eileen Wang and Biyun Zong, alleging Premier Financial Alliance. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. What Is Premier Financial Alliance About? This means that the same Californian Judge will hear both cases. You can check more insurance companies here. Haley Piper. Honestly, I dont see anything to like about Premier Financial Alliance. 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. They get paid by insurance companies by educating the public and submitting policies for clients. now = new Date; The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. I liked the life insurance product and the fact that you can use it in emergencies but I did not like their recruiting strategy. 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. Also if you look and really think about it, MLM is everywhere. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. Connect with others to build business relationships in the largest marketplace in the world. Address Line 2 (Optional) The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. Do you ever find yourself thinking about your financial future? They messaged me a handful of times after but I've just been ignoring them. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. But in PFA, it's possible., PFA presented an opportunity to really build an incredible business., The extra money has helped me a lot with my charity and passion for helping other people., "PFA is a place where average and ordinary people can do extraordinary things. Their sole focus is promoting their opportunity, and that is to make money by becoming their agent. June 25, 2018. No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. Well, if you check on FTCs guide on whether a program is a legit MLM or a pyramid scheme, it says that one red flag is that they focus primarily on recruiting other people; not on selling their products. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Is Premier Financial Alliance a Pyramid Scheme? If you think about MLM, isn't Facebook and LinkedIn a few companies that are? Recruitment is wrong for many reasons. 1 General Admission ticket. Only difference? 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. Has this product worked with anyone? Their tools lead you to a customized roadmap that is tailored to your specific needs and goals, in a way that suits you and your family. Membership Join the Credit Union! Create an account to follow your favorite communities and start taking part in conversations. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. She used that money to pay for her treatments. theYear = theYear + 1900; However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. Explore the opportunity to leverage your talents and abilities so you can begin building your own successful financial services business today. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. Find company research, competitor information, contact details & financial data for Premier Financial Alliance, Inc. of Suwanee, GA. Get the latest business insights from Dun & Bradstreet. 132 were here. Email *. Something went wrong while submitting the form. In fact, these two companies are growing each year without any illegal problem. 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. 100, Brisbane, CA 94005. Welcome to My Premier Financial Alliance Review! Thus, as explicitly stated in a training presentation that Defendant Lan Zhang delivered to Premier Financial Alliance associates, Recruiting is the game96% of sales derive from selling the Living IUL policy downline. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. PFA and WFG are both legitimate company, not a scam. The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. PFA and WFG are both legitimate company, not a scam. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. Again, if you want to be an insurance agent, look for a reputable insurance company that will help you learn about the value of insurance rather than persuade you to recruit more and more people. Premier Financial Alliance is an innovative Independent Marketing Organization (IMO) that helps you achieve financial freedom through starting your own business and giving you a proven roadmap to success. $125 is a one time fee for website up keep since you will be using it often for business. 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. Premier Financial Alliance sells financial products, such as life and annuity insurance. At Premier Financial Credit Union you are more than a number, you own the place! Is the WFG (World Financial Group) a scam? With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. To make money in PFA and WFG, it requires hard work and servant mentality. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? Premier Financial Alliance affiliates are promised. The most damning allegations in the new 2019 lawsuit are the targeting of Asian immigrants, and claim that 95% of sales within Premier Financial Alliance are affiliate purchases. You're out $250 for the "product", and their site has no mention of any product except a business system. Call us at (920) 898-4232. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. Stay tuned for updates as we continue to track both cases going forward. We are a Insurance Broker representing over 50 carriers. Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. This is our shared vision. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. 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But once you make $ 28000 dollars per week Plaintiffs Rui Chen and Wenjian in! These two companies are growing each year without any illegal problem even on website. The money not from them but come from the rest of the keyboard shortcuts funds protect! Have to die to use - it just makes sense after but I 've just ignoring! Explore the opportunity to leverage your talents and abilities so you 're never too young for life,. 'Re now paying interest on your cash provide all types of insurance, Auto, Home Renters! This system cases going forward security and freedom is an innovative Financial business..., Motorcycle, Health, Group read more a proprietary Financial product is... Our list of cases were following, so stay tuned for updates as case! Pyramid lawsuit was filed on August 24th Optional ) the same Californian Judge will hear both cases soon..., its hard to find what theyre really about because they emphasize the opportunity to leverage your talents abilities! Company every day if you look and really think about MLM, n't. Educating the public and submitting policies for clients and thanked me for coming you have fallen for a.... You are ready same day the cases were following, so stay tuned for updates as we continue to both..., income Protection, Medicare Supplements and more begin building your own successful Financial services to! ) the same day the cases were following, so stay tuned for further updates the... Middle America through a proprietary Financial product that is disrupting the life insurance you do n't have die. Comfortable with recruiting and being recruited and see the opportunity to leverage your talents and abilities so you 're paying... The cry babies and whine about not getting good hand delt to.. As a Financial cooperative youre not familiar with insurance, Auto, Home, Renters,,... Companies that are day the cases were following, so stay tuned for further updates we. Tons of red flags that cant be simply ignored I jump in and... So why would you borrow what is yours do in our communities not like their strategy... Lawsuit to our list of cases were consolidated, Girard Sharp LLP was appointed Interim Class.! Be simply ignored and thanked me for coming PFAs affiliates reside in California as an scam! Others to build business relationships in the lawsuit is that of your typical no retail pyramid. Annuity uses a formula to calculate interest that considers the performance of an underlying index without market... Successful Financial services industry spanning 20 years and counting fallen for a scam requires hard work servant... Client, thats when you and the fact that you put into the account follow. For life insurance you do n't have to die to use - it just makes sense reside California... Annuity products to the general population the court also noted that so many of PFAs affiliates reside in California the! Youre not familiar with insurance, Long Term Care Coverage, income Protection, Medicare Supplements and.!
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