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File:Worldfinancialgrouplogo.gif

World Financial Group logo

World Financial Group (WFG), formerly World Marketing Alliance (WMA), is an a multi-level marketing organization with variable life insurance, variable annuities and mutual funds to the middle-income market in the United States through a network of 50,000 associates, of whom 8,500 are licensed securities brokers registered with the co-owned World Lending Group.Template:Inote The business is widely described as a fraudulent pyramid scheme although its continued operation suggests that the National Association of Securities Dealers disagrees.

In Canada, WFG operates World Financial Group Insurance Agency of Canada Inc., which offers life insurance and segregated funds, and WFG Securities of Canada Inc., which offers mutual funds in Ontario. WFG Securities of Canada Inc. is a member of Investment Funds Institute of Canada and Mutual Funds Dealers Association of Canada.Template:Inote

The company is an agency of AEGON, the Dutch multinational insurance company and owner of many US insurance companies. WFG's headquarters are in Duluth, Georgia. Formerly known as World Marketing Alliance (WMA), the company was founded in 1991 by Hubert Humphrey, who subsequently founded World Lending Group. Humphrey sold the company to AEGON in 2001.

WFG is a multi-level marketing (MLM) company. Because multi-level marketing has a bad reputation arising from its association with illegal pyramid schemes, WFG prefer to avoid the term. Critics say that WFG's business model is a scam and fraudulent. It is particularly criticized for an emphasis on recruitment at the expense of training. WFG does sell products from many different companies such as WRL and Chase, and agents do receive training from providers and at some meetings. Participants do not have quoatas but must pay their own way for licenses.

External links

References

"About World Financial Group and Multi-Level Marketing". WFG-offline.com. August 20. {{cite web}}: Check date values in: |date= and |year= / |date= mismatch (help)
"worldfinancialgroup.com". Legal & Disclosure. August 24. {{cite web}}: Check date values in: |date= and |year= / |date= mismatch (help)
"2004 Annual Report". AEGON Review of Operations: Americas. January 24. {{cite web}}: Check date values in: |date= and |year= / |date= mismatch (help)
Template:News reference URL accessed on January 24 2006.

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 [[Image:Worldfinancialgrouplogo.gif|thumb|right|World Financial Group logo]]
 '''World Financial Group''' (WFG), formerly World Marketing Alliance (WMA), is an a [[multi-level marketing]] organization with variable life insurance, variable annuities and mutual funds to the middle-income market in the United States through a network of 50,000 associates, of whom 8,500 are licensed securities brokers registered with the co-owned World Lending Group.{{Inote|AEGON Annual Report 2004|AEGON2004}} The business is widely described as a [[fraudulent]] [[pyramid scheme]] although its continued operation suggests that the National Association of Securities Dealers disagrees.
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 In [[Canada]], WFG operates World Financial Group Insurance Agency of Canada Inc., which offers [[life insurance]] and segregated funds, and WFG Securities of Canada Inc., which offers mutual funds in Ontario. WFG Securities of Canada Inc. is a member of Investment Funds Institute of Canada and Mutual Funds Dealers Association of Canada.{{Inote|WFG Online 'Legal & Disclosure'|WFGLegal}}
-The company is an agency of [[AEGON]], the Dutch multinational insurance company and owner of many US insurance companies. WFG's headquarters are in [[Duluth, Georgia]]. Formerly known as World Marketing Alliance (WMA), the company was founded in 1991 by [[Hubert Humphrey]], who subsequently founded [[World Lending Group]]. Humphrey sold the company to AEGON in 2001 after a scathing report in ''Money Magazine''.{{Inote|Feldman|Feldman}}
+The company is an agency of [[AEGON]], the Dutch multinational insurance company and owner of many US insurance companies. WFG's headquarters are in [[Duluth, Georgia]]. Formerly known as World Marketing Alliance (WMA), the company was founded in 1991 by [[Hubert Humphrey]], who subsequently founded [[World Lending Group]]. Humphrey sold the company to AEGON in 2001.
-WFG is a [[multi-level marketing]] (MLM) company. Because [[multi-level marketing]] has a bad reputation arising from its association with [[illegal]] [[pyramid scheme]]s, WFG prefer to avoid the term. Critics say that WFG's business model is a [[scam]] and [[fraudulent]]. It is particularly criticized for an emphasis on recruitment at the expense of training and for lower returns on its policies than are normal for comparable products.{{Inote|WFG-offline home page|WFGofflineHome}}
+WFG is a [[multi-level marketing]] (MLM) company. Because [[multi-level marketing]] has a bad reputation arising from its association with [[illegal]] [[pyramid scheme]]s, WFG prefer to avoid the term. Critics say that WFG's business model is a [[scam]] and [[fraudulent]]. It is particularly criticized for an emphasis on recruitment at the expense of training.  WFG does sell products from many different companies such as WRL and Chase, and agents do receive training from providers and at some meetings.  Participants do not have quoatas but must pay their own way for licenses.
 ==External links==
 *[http://www.wfg-online.com/WFG%5FPublic2004/wfghome.asp?loc=us World Financial Group's website]