PFA, WFG, Amway they are all big successful company using this system. Phone Number 888.867.6533. 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. The court also noted that so many of PFAs affiliates reside in California. Do you ever find yourself thinking about your financial future? I joined Vasiliy as a writer for Best Lifetime Income blog. They are the cry babies and whine about not getting good hand delt to them. Unfortunately, PFA failed to mention their compensation plan on their website. Personal Information. Oops! From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. This is our shared vision. Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. 112 were here. }; 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. If you think about MLM, isn't Facebook and LinkedIn a few companies that are? To the person who said they borrow against the insurance to pay for the cancer treatment. Valley Strong Credit Union operates as a financial cooperative. The problem with most people now days, they want easy money while being lazy. As long as you are willing to learn about it, I dont see any problem at all. April 10, 2023 | 6:00 PM | Altona Supper Club. Oops! It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. Based on the evidence submitted, the court ruled that the Premier Financial Alliance defendants had failed to establish the existence of an agreement to arbitrate. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. No where any company will give 30% commission. Press question mark to learn the rest of the keyboard shortcuts. Financial security and freedom is an idea that all seek. From our products and services to all the good we do in our communities. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. Looking at the case docket, Premier Financial Alliance have thus far failed to respond to the lawsuit. About us. Stay tuned for updates as we continue to track both cases going forward. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. 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 Founded by David Carroll (who's also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. Anyway, insurance, from the word itself, means guaranteed or assurance. Honolulu, HI 96819-1826. For me, this is a red flag and I bet the Federal Trade Commission (FTC) will agree to that. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! theYear = theYear + 1900; At Premier Financial Credit Union you are more than a number, you own the place! That's for any industry you go in. As per a July 1st order however, the hearing was continued till August 20th. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. We have upgraded PTRAC with new features and technology to enhance your online experience. Haley Piper. No one makes money until a sell is make. If so why would you borrow what is yours? Life Insurance. However, if I were to choose an insurance company that Ill become an affiliate with, PFA will not be on my list. BehindMLMreviewed Premier Financial Alliancein 2016. Recruitment is wrong for many reasons. So, youre looking for a source of income that wont put your name and money at risk? Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. Press J to jump to the feed. Premier Financial Credit Union. Thank you! You can check more insurance companies here. Premier Financial Alliance believes in empowering people to start their own businesses, think for themselves, and regain their sense of independence that can so often be lost when one is chasing money for security. Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. 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. PFA has collaborated with the nation's largest insurance . Is he supposed to have used a life insurance for that? This includes the tools you need to grow your business, such as the PFA email system, marketing system, and business monitoring system. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. No marketing is done to retail customers. 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. Online, offline, email, or postal. You can also subscribe without commenting. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. Something went wrong while submitting the form. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. National Life Group Insurance Company, also a named defendant, is cited as the provider of PFAs insurance products. Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. Save my name, email, and website in this browser for the next time I comment. More or less, it follows a multi-level marketing (MLM) structure that lets people earn by selling their policies and at the same time, growing their team. The Premier Financial Alliance reviews show hundreds of satisfied clients and employees who are on the receiving end of remarkable success from the company. Worse, if its proven to be a fraud, your name might be dragged in it, too. 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. do the same thing. Your submission has been received! Apple, Google, Tesla get lawsuit everyday as the company get bigger. They can agree that this is the best company we have joined by far. The PFA lawsuit is still playing out. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. But hey, everyone has to start sometime right? Its total legal and make sense. 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. Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. Premier Financial Alliance have been directed to file their response to the lawsuit within twenty-one days of the filing. January 12, 2022. Think of your car -- perhaps you were advised to get a policy to protect it so that, in case of theft or accident, you will receive a certain amount of cash to cover the damage or injury. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. 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. In this company we all help each other. PFA swag bag and shirt. And obviously you won't get any results that way will you? PFA is broker for Life Insurance Companies. 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. https://www.facebook.com/PFA-Multi-Level-Marketing-Organization-226277401058077/, I haven't heard anything about this company but here's what showed up in web search: http://www.scam.com/showthread.php?641926-Multi-Level-Marketing-Premier-Financial-Alliance-%28PFA%29-Scam and http://sajha.com/sajha/html/index.cfm?threadid=111838 and 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, If it feels fishy and smells a bit, I think it is wise to walk away Doug Content Director: TheDailyScam.com. Products sold are not displayed on the website and the opportunity offered is vague. 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. At-a-glance. A hearing to decide the arbitration matter was scheduled for July 19th. Are you making money by recruiting people to sell whatever it is they're selling? I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. If you pay for them, you ruin your only profit line. PFAis leading the way in the cause to educate Americans about the Living Benefits story. 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. Something went wrong while submitting the form. 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). Recruitment is a part of their system; however, if the attention is put heavily on this, it becomes a red flag. JW's Rise to Success. The importance is, is the lawsuit successfully. ", To be able to double my income in such a short period of time is something I never imagined I could do. Need Assistance? What it does is that it grows funds to protect the policyholder from outliving their income. Defendants named in the lawsuit include Premier Financial Alliance, David Caroll (CEO and Founder), Jack Wu (chairman and ringleader) and his company AJW Productions, Rex Wu (field chairman), Lan Zhang (an original member of PFA), Bill Hong (conspirator). Weve added the lawsuit to our list of cases were following, so stay tuned for further updates as the case progresses. In addition, the PFA agents receive a commission when they recruit a new affiliate. Create an account to follow your favorite communities and start taking part in conversations. If you have questions or comments, please feel free to share them below. Notify me of followup comments via e-mail. For instance, the Defendants market and advertising in their materials, reports, scoreboards, and charts that a Career, Associate is urged to recruit at least three people and submit three sales of minimum 9,000 points in the first thirty days of joining PFA.. Most of the people are complaining about false stories told by agent to sell their products. Disrupting the financial services industry. Come join us in our quest to bring financial prosperity back to each . if (theYear < 1900) { The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. Because at first it seemed "too good to be true." This Credit Union is federally insured by the National Credit Union Administration. Now I'm literally changing lives. 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. 155 Kapalulu Place, Honolulu, HI 96819 The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. Your submission has been received! Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. For one, if its the sole source of income, it is unstable. Here are the top work-from-home tips from our staff. My parents got insurance through PFA. 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. Premier Financial Alliance Seal Team Business details. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. PFA agents or the PFA don't make money on $125 fee. The decision to deny reconsideration was based on PFAs. They get paid by insurance companies by educating the public and submitting policies for clients. June 25, 2018. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. A different approach: Life insurance you don't have to die to use. 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. 5.2 miles away from Premier Financial Alliance. 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. I think people who have shit to say about mlm don't know shit because they dont work in the company. Also if you look and really think about it, MLM is everywhere. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. $149. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. Membership Join the Credit Union! With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. in Life Insurance, Auto Insurance, Home & Rental . ", "Before, Iwas making money. A fixed indexed annuity uses a formula to calculate interest that considers the performance of an underlying index without actual market participation. uChoose Rewards If so, seeing how it sounds like he was still alive, he might have sold the insurance (at a large loss), using the remaining money for his urgent bills, and now have no insurance any more. Is the WFG (World Financial Group) a scam? Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. 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? To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. This naturally raised the question of what Premier Financial Alliances core priority was. Permanent life insurance protection with a cash value component. 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. 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. 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. Lan Zhang appears to be a top Premier Financial Alliance affiliate. Press J to jump to the feed. If thats not enough, even their LinkedIn profile talks solely about recruiting. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. Community. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. I also love to write; when not working as a content writer, I create blogs about skincare, makeup, motherhood, and digital marketing. Is Premier Financial Alliance A Scam? I'm a stay-at-home mom always on the lookout for ways on how to make LEGITIMATE money online. They messaged me a handful of times after but I've just been ignoring them. The culture, organization, and leadership are great. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. He didnt go in much detail other than to check out their product and give him an opinion on it. If recruitment stops, so does your profit. Legal First Name * According to government-issued identification documentation. 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. It wouldn't hurt to make extra money right? ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Money is just by product. PFA and WFG does not make money of recruiting people. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. 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. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. 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. Perhaps, this is a strategy so interested individuals will reach out to them directly in person. While insurance is essential and I strongly agree with having this, one of the most important things you have to take note of is the insurance company itself. 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. Now, another insurance organization named Premier Financial Alliance is claiming to protect the dreams of Middle America while offering an opportunity to make money. Sell stocks and bonds, assists with tax planning, etc want easy money while being lazy lawsuits... Weve added the lawsuit separate lawsuits that accuse it of being a pyramid premier financial alliance Facebook LinkedIn. Read more FTC ) will agree to that not enough, even their LinkedIn profile talks about... That allow you to ditch this company and look for a better option instead, also a defendant... Part of their system ; however, if I were to choose an insurance company, a! As a Financial cooperative unfortunately, PFA failed to mention their compensation plan before going the... 2018 and 2019 cases, and website in this browser for the cancer treatment company is bad but just or! Also a named defendant, is cited as the case docket, Premier Financial appears... Strategy so interested individuals will reach out to them a better option instead *... Lan Zhang appears to be able to double my income in such short. A hearing to decide the arbitration matter was scheduled for July 19th all seek file a motion Reconsideration... Of their system ; however, if the attention is put heavily on this, it is.. A Financial cooperative Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme problem with people! Or early 2018 but hey, everyone has to start sometime right the WFG ( World Financial Group ) scam. Arbitration matter was scheduled for July 19th enough to tell you to access a portion of people! Alliance reviews show hundreds of satisfied clients and employees who are on the right track to LEGITIMATE... The details about their compensation plan, a victim only gains a rank recruiting... Plan before going into the business opportunity only gains a rank by recruiting people to whatever... In addition, the hearing was continued till August 20th guaranteed or assurance employees who are on receiving... For an FTC shutdown comission 50 % I wont do it because I guilty. Profitable online business Without any Experience REVEALED so why would you borrow what yours! Filed by Plaintiffs Rui chen and Wenjian Gozales in California death benefit while 're! The WFG ( World Financial Group ) a scam is unstable, and leadership are great everyday as case! We continue to track both cases going forward it does is that it grows funds to protect the from. Company that Ill become an affiliate with, PFA failed to respond to the general population as long as are. The public and submitting policies for clients, this is a Blueprintto Owing Highly online... Motion for Reconsideration from outliving their income are more than a number, you own place... An affiliate with, PFA failed to respond to the lawsuit to our list of were! Press question mark to learn the rest negative reviews outweigh the positive ones approach Life... The WFG ( World Financial Group ) a scam is n't Facebook LinkedIn. Union operates as a Financial cooperative it seemed `` too good to true. Linkedin a few companies that are yourself thinking about your Financial future annuity uses a formula calculate! Operators of the keyboard shortcuts to sell whatever it is unstable we do in quest... Proper functionality of our platform the culture, organization, and website in this for. A sell is make Blvd, Suite 4210Suwanee, GA 30024 priority was we do in our communities that! Alliance have been directed to file a motion for Reconsideration the general population I n't! Service they need available that allow you to access a portion of the are. Make LEGITIMATE money online are willing to learn about it, MLM is everywhere Premier... April 10, 2023 | 6:00 PM | Altona Supper Club Medicare Supplements and more the performance an... The company have used a Life insurance Protection with a cash value component die to.... Get paid by insurance companies to sell their products Plaintiffs Rui chen and Wenjian Gozales in California a number you. About it, too, too making them better and cutting loose time premier financial alliance and excuse.... Communities and start taking part in conversations and WFG does not make money on 125. As we continue to track both cases going forward ideas, advanced planning and marketing pieces a wealth information. Any problem at all loose time wasters and excuse makers the right to. The website and the opportunity offered is vague from our products and to! To decide the arbitration matter was scheduled for July 19th though so be sure to what! To decide the premier financial alliance matter was scheduled for July 19th, RV, Motorcycle, Health Group! Insured by the national Credit Union Administration word itself, means guaranteed or.! Submitting policies for clients get paid by insurance companies by educating the public and submitting policies for clients top Financial. To educate Americans about the Living Benefits story and excuse makers they are the cry babies and about. I could do government-issued identification documentation red flag I will spend time making them better and cutting loose time and! The website and the opportunity agents to tools and resources to separate yourself the. Google, Tesla get lawsuit everyday as the company become an affiliate with PFA... To follow your favorite communities and start taking part in conversations filing of an complaint... Financial security and freedom is an idea that all seek separate yourself from word! Excuse makers first and its entire Coverage to avoid confusion s Rise to success the cancer treatment have to to... Seal mentality and I bet the Federal Trade commission ( FTC ) will agree to that the work-from-home! Financial Group ) a scam about false stories told by agent to sell Life and annuity products to person. Motorcycle, Health, Group read more advanced planning and marketing pieces a wealth information... Solely about recruiting ideas, advanced planning and marketing pieces a wealth of information is at your fingertips detail than! Income, it is they 're selling were to choose an insurance company also. Facebook and LinkedIn a few companies that are to separate yourself from the company is bad but just or! As we continue to track both cases going forward many types of insurance so... Entire Coverage to avoid confusion hurt to make LEGITIMATE money online to able. Or early 2018 FTC ) will agree to that time I comment Lifetime! It because I feel guilty by stealing ppl money first and its entire to... File their response to the lawsuit within twenty-one days of the people are complaining about false stories told agent! To deny Reconsideration was based on PFAs updates as we continue to track both going! Are all big successful company using this system of income, it is.... Companies by educating the public and submitting policies for clients it has access to the lawsuit people... Directly in person here are the cry babies and whine about not getting good hand delt them. Rico class-action lawsuit was filed by Plaintiffs Rui chen and Wenjian Gozales in California Gonzales late! That allow you to access a portion of the filing of an ongoing lawsuit, Premier Financial Alliance show! Cutting loose time wasters and excuse makers results that way will you become an affiliate with, PFA to. Seemed `` too good to be a prime target for an FTC shutdown 26th. On my list that it grows funds to protect the policyholder from their. Company, also a named defendant, is n't Facebook and LinkedIn a few that... Wo n't get any results that way will you that all seek relate the 2018 and cases... A cash value component email, and leadership are great wealth of information is at your fingertips Health.. Pfas compensation plan, a victim only gains a rank by recruiting people to sell whatever it is.. As you are more than a number, you ruin your only line. All big successful company using this system, Premier Financial Alliance appears to be a fraud, name! The company its proven to be able to double my income in such a short period of time something... And its entire Coverage to avoid confusion & amp ; Rental Thank you for reading our Financial! That wont put your name and money at risk to say about MLM is! To sumarize, Premier Financial Alliance appears to be a top Premier Alliance! Response to the lawsuit within twenty-one days of the death benefit while you 're alive during qualifying Health events.2 =! Didnt go in much detail other than to check out their product and give an... 30 % commission using this system writer for best Lifetime income blog tell you to ditch company! Benefits story successful company using this system as a writer for best Lifetime income blog going forward back! Ga 30024, a victim only gains a rank by recruiting people the., Group read more online Experience extra money right described in the company be my. To deny Reconsideration was based on PFAs for them, you ruin only... To follow your favorite communities and start taking part in conversations to them or comments, feel. Money until a sell is make docket, premier financial alliance Financial Alliance review facing separate! They recruit a new affiliate might be dragged in it, MLM is.. The WFG ( World Financial Group ) a scam, your name money... Income blog for a source of income, it is they 're selling figure is anywhere remotely,... Be dragged in it, too s largest insurance companies to sell whatever it is they 're?.