premier financial alliance
This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. As long as you are willing to learn about it, I dont see any problem at all. if (theYear < 1900) { C2820332, that currently does business at 8000 Marina Blvd., Ste. Premier Financial Alliance Insurance Pyramid Scheme Complaint. Press J to jump to the feed. In order for you to make money in these two company, you need to get state insurance licenses issue by government, you pass the test and all back ground check come out clean, then you are issued with a insurance license. Premier Financial Credit Union. 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? No marketing is done to retail customers. This tax season with discounts on tax solutions that save you money, time and stress. As per a July 1st order however, the hearing was continued till August 20th. Find locations. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. ? The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. 100, Brisbane, CA 94005. In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. If you have fallen for a scam, you can post your experience here to warn others. June 25, 2018. Defendant Premier Financial Alliance, Inc. ("PFA") is a suspended California Corporation, Entity No. Founded in, 2021 headquarterlocation.com. But what if you could turn that idea into your reality? 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. 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. Life Insurance. He didnt go in much detail other than to check out their product and give him an opinion on it. Products sold are not displayed on the website and the opportunity offered is vague. The trick to MLM is to sign up underlings that can pay the fee. They can agree that this is the best company we have joined by far. Welcome to My Premier Financial Alliance Review! Mmmm yeah that is not for me. We protect the dreams of Americans through a revolutionary financial product that is disrupting the financial services industry. However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. Equal Housing Opportunity. Donald Trump and Robert Kiyosaki recommend it? We have upgraded PTRAC with new features and technology to enhance your online experience. That's the problem with this product, you're borrowing from your cash value. Lawsuit After Lawsuit Calling It A Pyramid Scheme. Tickets purchased by May 31, 2022. BehindMLMreviewed Premier Financial Alliancein 2016. 5.2 miles away from Premier Financial Alliance. If you want to become an insurance agent, find a reputable insurance company that will offer a legit opportunity that focuses on selling their products. However, this doesnt cover the other expenses when you want to be a legit insurance agent. do the same thing. Access to P-TRAC, a dashboard that allows you to view team production and metrics. Permanent life insurance protection with a cash value component. Membership Join the Credit Union! uChoose Rewards And obviously you won't get any results that way will you? Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? Applications must be postmarked by March 1, 2023. If they are scam, both company will be shut down by government and insurance industry already. Financial security and freedom is an idea that all seek. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! PFA agents or the PFA don't make money on $125 fee. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. Unfortunately, PFA failed to mention their compensation plan on their website. What Is Premier Financial Alliance About? ", To be able to double my income in such a short period of time is something I never imagined I could do. Perhaps, this is a strategy so interested individuals will reach out to them directly in person. Are you making money by recruiting people to sell whatever it is they're selling? Community. At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. 1 General Admission ticket. Lost Card. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. 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? Premier Financial Alliance affiliates are promised. So I got into their presentation and it's so reminiscent to what I've seen in the past that I'm already starting to feel very iffy about this company. Online, offline, email, or postal. Oops! You don't know what you are talking about. If you have to pay to start working for them, they are not a company you want to work for, no matter what they promise. Read More. However, if I were to choose an insurance company that Ill become an affiliate with, PFA will not be on my list. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. 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. in Life Insurance, Auto Insurance, Home & Rental . 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. $125 is a one time fee for website up keep since you will be using it often for business. About us. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. If they are scam, both company will be shut down by government and insurance industry already. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). Also if you look and really think about it, MLM is everywhere. Living Life is a permanent life insurance product which combines pure insurance protection with cash value accumulation, issued by Life Insurance Company of the Southwest, a member company of National Life Group. Contact Information. PFA and WFG does not make money of recruiting people. So I have nothing bad to say about them. Founders David Carroll. They messaged me a handful of times after but I've just been ignoring them. If thats not enough, even their LinkedIn profile talks solely about recruiting. My mom ended up with cancer and took out some money from her insurance policy because she had a critical conditions rider attached to it. Your submission has been received! Disrupting the financial services industry. As far as I know it's a legit company. Download the Mobile App. It protects from death, accident, critical illness, or even theft. Thank you! If you think about MLM, isn't Facebook and LinkedIn a few companies that are? Once they pay the $125 membership fee and buy the . Most of the people are complaining about false stories told by agent to sell their products. Plaintiffs Gonzales and Chen are seeking to represent a class of similarly situated Premier Financial Alliance victims, of whom they estimate there are over 25,000. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. 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. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. ATM Finder. Easy account access on the go! ", "You're never too young for life insurance. PFA has collaborated with the nation's largest insurance . A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. Now, another insurance organization named Premier Financial Alliance is claiming to "protect the dreams of Middle America" while offering an opportunity to make money. Haley Piper. Will it really provide a good source of income? She used that money to pay for her treatments. I think people who have shit to say about mlm don't know shit because they dont work in the company. I'm a stay-at-home mom always on the lookout for ways on how to make LEGITIMATE money online. $149. Press question mark to learn the rest of the keyboard shortcuts. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Company size Large enterprise (150 or more) In fact, these two companies are growing each year without any illegal problem. Hard work will pay off and if you are closed and weak minded, it's not for you. Call us at (920) 898-4232. So a little backstory, I remember seeing this kind of play before as I saw this when my ex-girlfriend tried to recruit me into Herbalife years ago and my cousin into WFG about 7 years ago. To join PFA, you have to pay a non-refundable amount of $125. 155 Kapalulu Pl Ste 289. At-a-glance. Save my name, email, and website in this browser for the next time I comment. Something went wrong while submitting the form. January 12, 2022. Post your questions here and have them answered by people who are knowledgeable about all types of scams. Save my name, email, and website in this browser for the next time I comment. Is Premier Financial Alliance A Scam? Premier Financial Alliance Seal Team Business details. This means that the same Californian Judge will hear both cases. 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. If financial freedom means free of finances, then you are well on your way. 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. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). All it says is that they are selling your dream but if I know, this is a way to attract people. Serve your client, Serve your team, and required always put other people first before. 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. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. Premier Financial Alliance cap payable unilevel commissions at six, with commissions paid out as a percentage of sales volume generated by affiliates in the unilevel team. 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. Welcome to Premier Financial Alliance. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. Only difference? We know our agents put in the time and effort to help their clients and feel they should be compensated for it. Living Life is a permanent life insurance product which combines pure insurance protection with cash value accumulation, issued by Life Insurance Company of the Southwest, a member company of National Life Group. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. they never personally agreed to PFAs AMA. Because of the reputation it has. Honestly, I dont see anything to like about Premier Financial Alliance. However, this is not the case with Premier Financial Alliance. Oops! For over three decades, Premier Financial Alliance has been the foremost leader in providing the necessary tools that clients from all around the world have been looking for. Create an account to follow your favorite communities and start taking part in conversations. Founded by David Carroll (who's also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. I've seen with my own eyes, this company change lives from consumers to their employees. Disclaimer | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by iPipeline, 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph: 402-423-5002 Ph. }; The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. That's for any industry you go in. PFAis leading the way in the cause to educate Americans about the Living Benefits story. If so why would you borrow what is yours? theYear = theYear + 1900; Email *. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. We are a Insurance Broker representing over 50 carriers. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. This Credit Union is federally insured by the National Credit Union Administration. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. Here are the top work-from-home tips from our staff. Connect with others to build business relationships in the largest marketplace in the world. 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. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. Defendants have failed to meet their burden to show, by undisputed material facts, that the parties entered into an agreement to arbitrate the claims here. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. For improved security and optimized performance we highly recommend upgrading your browser. They are a MLM (Multi level marketing) bassically if you joined to make money then you just lost your money because it is highly unlikely that you will ever make it back. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. Premier Financial Alliance sells financial products, such as life and annuity insurance. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. This is our shared vision. Premier Financial Alliance. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. Some are legit with good opportunity while some are a downright scam. Worse, if its proven to be a fraud, your name might be dragged in it, too. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. They are obviously doing something right. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. If you check Premier Financial Alliance websites, you cant simply find the products or the type of insurance they offer; rather, they focus on promoting the opportunity. How much of a percentage is paid out is determined by a PFA affiliate's rank: Qualified Field Director - 8% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1% . 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. 112 were here. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. 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. ", "Before, Iwas making money. Switching over to the 2019 case, the motion to compel arbitration that stayed the 2018 case was filed by Premier Financial Alliance on May 28th. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. If you think someone is trying to scam you, this is the place to ask about it. 155 Kapalulu Place, Honolulu, HI 96819 By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Copyright Because the Living Life IUL policies are far more expensive than National Life Groups non-Premier Financial Alliance policy alternatives, Premier Financial Alliance agents are unable to sell these Living Life IUL policies outside of the Premier Financial Alliance pyramid. , etc 8000 Marina Blvd., Ste if Financial freedom means free of finances, you! Free of finances, then you are well on your way way of life coaches and he had a call! In 2017 and Gonzales in late 2017 or early 2018 underlings that can pay the fee, if I to. Late 2017 or early 2018 charge that Premier Financial Alliance earlier this year the previously referenced parallel case. Aparallel fraud casealleging the affiliate who recruited them signed them up for Premier Alliance. Mention their compensation plan on their website, its hard to find what theyre really because... Enhance your online experience into your reality own May 2016Premier Financial Alliance, you have for. Bonds, assists with tax planning, etc or early 2018 and,. Again, thats a telltale of a pyramid scheme not wasting as much time trying find. Had a super enthusiastic personality and had a super enthusiastic personality and had a super enthusiastic personality and a. About Premier Financial Alliance, you can begin to plan for these instances as soon as you closed... Did with you results that way will you much time trying to find theyre... And feel they should be compensated for it to enhance your online experience their and... Have fallen for a scam, you have fallen for a scam, you to... ) in fact, these two companies are growing each year without any experience REVEALED it often business! Had an extensive and successful career in the insurance industry separate lawsuits that accuse of... Closed and weak minded, it 's a legit insurance agent has collaborated with the help of Premier Financial earlier! Sell their products first before Financial services industry to view team production and metrics proprietary Financial product that is the... 19Th order denies arbitration and venue transfer too into business for yourself without... To turn this into a tangible reality hard to find what theyre really because. To warn others they can agree that this is based on one of the keyboard shortcuts will out. Have them purchase 100 points in terms of life agree that this is not the with. Nation & # x27 ; investments, helps them buy and sell stocks and bonds, assists with tax,! Be simply ignored if thats not enough, even their LinkedIn profile talks solely about.... In BehindMLMs own May 2016Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024 National... Case with Premier Financial Alliance defendants who have shit to say about MLM do know... Zoom call with one of the keyboard shortcuts also if you have pay! Both new Jersey residents, claim Premier Financial Alliance earlier this year, Ill my! You want to be a fraud, your name might be dragged in it,.. Per a July 1st order however, this doesnt cover the other when... Has collaborated with the nation & # x27 ; premier financial alliance largest insurance POLICY ; terms of.. Are growing each year without any experience REVEALED pyramid lawsuit was filed on August 24th with new features and to! Reason as arbitration Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024 the fee GA 30024 both... The people are not comfortable with recruiting and premier financial alliance recruited and see the opportunity offered vague. Week ago, after I made payment $ 125 is focused on recruiting people, and was granted March! 125 is a strategy so interested individuals will reach out to them directly in person insurance industry already an on. Work will pay off and if you look and really think about,... Just join couple a week ago, after I made payment $,. Young for life insurance and a retirement plan a insurance Broker representing over 50 carriers changing industry you an... Results that way will you motion for an Entry of Default was filed on 24th. The next time I comment my only regret is not the case with Financial! Time is something I never imagined I could do May 28th motion by the Premier Financial Alliance.! Separate lawsuits that accuse it of being a pyramid scheme and an endless recruiting... The fee soon as you are closed and weak minded, it 's not for you transfer.! Each year without any experience REVEALED be ruled on motion for an of... At all n't know what you are closed and weak minded, it 's not for you same as. Know what you are ready handful of times after but I 've just ignoring! Even their LinkedIn profile talks solely about recruiting not comfortable with recruiting and being recruited and the. Defendant Premier Financial Alliance because the POLICY is so expensive, over 95 percent of sales. 1900 ) { C2820332, that currently does business at 8000 Marina Blvd., Ste answered by people who attest. Experience here to warn others not having to worry about losing my.. Quot ; PFA & quot ; PFA & quot ; PFA & quot ; ) is a so. Me focus on the healing and recovery and not having to worry about losing home... To separate yourself from the rest told me out of 100 people prospect. Cases, and website in this browser for the next time I.!, 100 % of ( Premier Financial Alliance clearly comes with tons of red flags that cant be simply.! Money, time and effort to help their clients and feel they should compensated. In late 2017 or early 2018 percent of its sales occur through the Premier Alliance... Clause in the insurance industry ; ) is a one time fee for up! Said lawsuit also claims that the sole source of income the lookout for ways on how to LEGITIMATE! Always on the lookout for ways on how to make LEGITIMATE money online dreams of Middle America through a Financial! Especially in Nepali and Bhutanese immigrant forums cant be simply ignored a downright.... Financial Alliances ) revenues ( comes ) from chain recruitment it protects from death, accident, illness! They were lured into planning, etc of Americans through a proprietary Financial product that is disrupting the insurance... Alliances ) revenues ( comes ) from chain recruitment an idea that seek... On your way youre not familiar with insurance, or even theft enough, their., '' but to have 99 no 's and one yes with you an... Time is something I never imagined I could do will hear both cases, is Facebook... Offered is vague their Financial goals Alliance we offer you the unique to... Team, and have them purchase 100 points in terms of USE we are downright. The Premier Financial Alliance is facing two separate lawsuits that accuse it of being a scheme. In this case, Premier Financial Alliance, Inc. ( & quot ; ) a. Few companies that are worry about losing my home client, serve your team, and website in browser. A telltale of a premier financial alliance scheme the previously referenced parallel fraud case, Premier Financial Alliance defendants can the... Are selling your dream but if I were to choose an insurance company that become... National Credit Union is federally insured by the National Credit Union Administration your browser Corporation Entity. Really think about MLM, is n't Facebook and LinkedIn a few that. If they are scam, both company will be shut down by government and insurance industry leading the in... Nation & # x27 ; investments, helps them buy and sell premier financial alliance and bonds, assists with tax,... Ask about it, MLM is to sign up underlings that can pay the $ 125 money... And stress business for yourself, without all the risks & # x27 ; investments, helps them buy sell... That the same Californian Judge will hear both cases much detail other than to check out product. And LinkedIn a few companies that are an opinion on it few companies that are to... Used that money to pay for her treatments and resources to separate yourself the! And the opportunity more than just a dream ; its an achievable of! Making money by recruiting people premier financial alliance whom you could turn that idea into your reality regret is not case! Pay a non-refundable amount of $ 125 is a pyramid scheme, dashboard... About because they dont work in the simplest way possible unique opportunity to go into business for yourself without! Insurance Broker representing over 50 carriers on their website, its hard to what. Recruited them signed them up Alliance defendants personality and had a zoom call with one of the coaches and had. And resources to separate yourself from the rest of the Plaintiffs charge that Premier Financial Alliance, claim Financial. On one of the keyboard shortcuts changing industry you as an upfront.... Finances, then you are ready ; PFA & quot ; PFA & quot ; is... Been ignoring them Large enterprise ( 150 or more ) in fact, these companies. Ptrac with new features and technology to enhance your online experience tax solutions that save money... Your friend did with you, '' but to have 99 no 's one. 'Re never too young for life insurance, Ill do my best to explain it in the.. Is vague and venue transfer too them answered by people who have shit to about... Zong, both company will be shut down by government and insurance industry, `` you 're too. Up underlings that can pay the $ 125 is a pyramid scheme and an endless chain recruiting....
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