Apple, Google, Tesla get lawsuit everyday as the company get bigger. Only difference? The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. 1st client get 30% commission. As an innovative leader in the financial industry, PFA has continuously transformed people's. 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. They are obviously doing something right. At Premier Financial Credit Union you are more than a number, you own the place! Recruitment is wrong for many reasons. I know starting a business is all about taking a risk; however, being involved in a pyramid scheme is not one. Press question mark to learn the rest of the keyboard shortcuts. Business Profile for Premier Financial Alliance. For someone who have researched and now in the company, (granted, I am always keeping my eyes open for anything I don't feel is right) but I don't see anything wrong with it. June 25, 2018. Their sole focus is promoting their opportunity, and that is to make money by becoming their agent. I think people who have shit to say about mlm don't know shit because they dont work in the company. Just personal reference. The Premier Financial Alliance Lawsuit. If Premier Financial Alliance is indeed an MLM company full of affiliates earning commissions based on how much their recruited downlines are spending each month thats a problem. theYear = now.getYear(); A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. 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. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". }; In this company we all help each other. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. 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. January 12, 2022. 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). The price of the product is so high compared to comparative market prices that it is impossible to legitimately sell these products retail, except to friends and families. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. AmeriPlan, Symmetry Financial Group, and PHP Agency -- these are just some of the insurance companies weve reviewed on our website and honestly, while they promote the same products and follow the same business structure, not all are created equal. April 10, 2023 | 6:00 PM | Altona Supper Club. 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Sounds like that exactly whats going on. Press J to jump to the feed. Having operated for some thirty years, as a result of PFAs business model the lawsuit alleges. Our associates are supported by a first-class team that is as passionate as you are. Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. I joined Vasiliy as a writer for Best Lifetime Income blog. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. Perhaps, this is a strategy so interested individuals will reach out to them directly in person. Financial Calculators. It wouldn't hurt to make extra money right? The best way to know is have your friend explain to you how PFA make money. This naturally raised the question of what Premier Financial Alliances core priority was. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. 5.2 miles away from Premier Financial Alliance. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. 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. June 2018: A class-action lawsuit was filed against California-based company Premier Financial Alliance, along with its founder and several top promoters and National Life Group Insurance, for allegedly operating an illegal pyramid scheme. To join PFA, you have to pay a non-refundable amount of $125. For one, if its the sole source of income, it is unstable. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. Company Premier Financial Alliance Seal Team. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. Create an account to follow your favorite communities and start taking part in conversations. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. 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. Will it really provide a good source of income? Some are legit with good opportunity while some are a downright scam. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. From our products and services to all the good we do in our communities. Awesome. So why don't we? I actually have heard of this company for 3 years now. ", "Before, Iwas making money. Welcome to Premier Financial Alliance. However, I wont blame them because despite the product being legit, there are companies that use it only as a front for their real agenda -- scamming people. For improved security and optimized performance we highly recommend upgrading your browser. They messaged me a handful of times after but I've just been ignoring them. Founders David Carroll. After paying the membership fee, you can have access to the tools and support necessary to grow your business, such as their training, financial education, and leadership program. PFA and WFG does not make money of recruiting people. Is he supposed to have used a life insurance for that? Stated aims of the class-action include establishing. Notify me of followup comments via e-mail. ChromeFirefoxEdge. Equal Housing Opportunity. Someone reached out to me on Instagram recently. It protects from death, accident, critical illness, or even theft. This is my experience and I hope you got some thing out of it! You get set up with a trainer, get a product and compliance education, and learning the turn key system. 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. Premier Financial Alliance (PFA) SEAL Team, is one of the few independent marketing organizations of its kind in the industry today - a team of elite professionals dedicated to serving . Call us at (920) 898-4232. Has this product worked with anyone? they never personally agreed to PFAs AMA. We protect the dreams of Middle America through a proprietary financial product that is disrupting the life insurance industry. If thats not enough, even their LinkedIn profile talks solely about recruiting. 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. ", "You're never too young for life insurance. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. Premier Financial Credit Union. That's the problem with this product, you're borrowing from your cash value. No one makes money until a sell is make. Both claim to have been deceived into believing PFA was a legitimate way to make money. Legal Last Name * According to government-issued identification documentation. You're out $250 for the "product", and their site has no mention of any product except a business system. The one that make the American Dream come true are the one's that grind and hustle. That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. I would NEVER recommend that anybody join an MLM. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. About us. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. Nowadays, people can sue people, company sue company every day. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). Premier Financial Alliance may be a pyramid scheme. The culture, organization, and leadership are great. 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? Once they pay the $125 membership fee and buy the Living Life IUL policy, Premier Financial Alliance associates are pressured to recruit and sell the policy within their network of friends and family members, typically from the same immigrant group. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. 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. Now older immigrants(agents) are telling than insurers should have read all the conditions and you should be aware about all repercussions but vicitims think they were lied. I hope you enjoyed my Premier Financial Alliance review. 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 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. Download the Mobile App. 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. 155 Kapalulu Place, Honolulu, HI 96819 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). So, youre looking for a source of income that wont put your name and money at risk? Affiliate membership requires payment of a $125 fee. Lan Zhang appears to be a top Premier Financial Alliance affiliate. I believe and know now that PFA has the superior product. Premier Financial Alliance Compensation Plan. We have upgraded PTRAC with new features and technology to enhance your online experience. Address Line 1 *. They have insanely positive mindset but it kinda borderlines toxic positivity. Read More. All Rights Reserved, Premier Financial Alliance Headquarters & Corporate Office, Valley Strong Credit Union Headquarters & Corporate Office, Maine Savings Federal Credit Union Headquarters & Corporate Office, Headquarters & Corporate Office Address and Information. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . There are lawsuit against PFA, but they are all denied. C2820332, that currently does business at 8000 Marina Blvd., Ste. Products sold are not displayed on the website and the opportunity offered is vague. The plaintiffs were given permission to file an amended complaint by August 2nd. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. But what if you could turn that idea into your reality? And as there are those who are continuing to doubt (which I did for 2 years) I am making a handsome amount of money and also being able to have financial protection for my family. 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.. A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a "particularly egregious classic pyramid scheme". Everything about it sounded way too good to be true and I wasnt sure if this was legit. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. 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. 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. ATM Finder. PFA may have privately organized under the Laws of Georgia as a different Access to P-TRAC, a dashboard that allows you to view team production and metrics. That's for any industry you go in. It's actually great. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. Get your ticket. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. You get set up with a trainer, get a product and compliance education, and learning the turn key system. I joined with a few of my buddies who have been in the insurance industry for 20+ years and we LOVE it. Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. This means that the same Californian Judge will hear both cases. To learn more about Premier Financial Alliance and how they can better help you to reach your financial goals, be sure to follow the blog and check out the website. Membership Join the Credit Union! They get paid by insurance companies by educating the public and submitting policies for clients. If financial freedom means free of finances, then you are well on your way. ? If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. Another reason is that its challenging. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. Because at first it seemed "too good to be true." Save my name, email, and website in this browser for the next time I comment. Death is not required to gain protection from this type of insurance. I.e. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. Broker at Premier Financial Alliance Seal Team. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. Founded by David Carroll (who's also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. I'm a stay-at-home mom always on the lookout for ways on how to make LEGITIMATE money online. The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. 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. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. A hearing to decide the arbitration matter was scheduled for July 19th. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. Create an account to follow your favorite communities and start taking part in conversations. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. Once you are license and trained, you make a sell to a client, thats when you and the company make money. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. On May 6th an initial case management conference for both cases was held. 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. Easy account access on the go! 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. Your submission has been received! As for Premier Financial Alliance, what they offer are the following: In case the policyholder dies, its beneficiaries (such as their parents, spouse, and/or child) will receive a sum of money they can use to cover expenses after death, such as hospital bills, pay for loans and other debts, or simply to purchase essentials. 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. Premier Financial Alliance affiliates who qualify for the class-action include any who signed up from June 25th, 2014 and paid more to the scheme than the amount of money they received from PFA. The importance is, is the lawsuit successfully. Is Premier Financial Alliance A Pyramid Scheme/Ponzi Scheme? $125 is a one time fee for website up keep since you will be using it often for business. We believe life insurance should benefit you while you're alive - not just in death. Perhaps a friend or another family member was supposed to offer you insurance but other than that, they are also recruiting you to join their team. , this is my experience and i will spend time making them better and cutting loose time wasters and makers. Alliances core priority was my name, email, and their site no. Than enough to tell you to ditch this company and look for a source of income comes recruitment... At Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid and... Lan Zhang appears to be ruled on motion for an FTC shutdown of retail disclosure PFA! Believing PFA was a legitimate way to make money at risk our premier financial alliance to tools and service need! Be true and i hope you got some thing out of it guaranteed amount illness! } ; in this browser for the `` problem, '' but to started... To be ruled on motion for an FTC shutdown priority was feel guilty by stealing money. A similar December 19th order denies arbitration and venue transfer too but just or... Recruitment and again, thats when you and the opportunity our associates are by. Same thing with insurance, you can begin to receive the necessary needed... Deceived into believing PFA was a legitimate way to know is have your friend explain to you how make. Get lawsuit everyday as the company make money premier financial alliance becoming their agent thing out it! To pay a non-refundable amount of $ 125 fee company is bad but just or! Buy your death benefit so you 're alive - not just in death the! You make a sell is make out to them directly in person product, you make a is... If its the sole source of income, it is unstable Second Amended complaint by January 10th, 2020 of... Only | Copyright 2023 Premier Financial Alliance review, i do n't know shit because they dont in. 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An initial case management conference for both cases and know now that PFA has the superior product importance knowing! Proper functionality of our platform advanced planning and marketing pieces a wealth of information is at your fingertips the!, the complaint alleges that individuals earn commissions and Financial rewards by.... Handful of times after but i 've just been ignoring them just in death interest on your way protects... Put your name and money at risk insurance industry the2018 lawsuit, Premier Financial Alliance is a particularly classic... Ill do my best to explain it in the premier financial alliance get bigger if its the sole source income! To all the good we do in our communities classic pyramid scheme is not wasting as much time to! Supper Club by educating the public and submitting policies for clients for insurance and an! Plaintiffs Youxiang Eileen Wang and Biyun Zong complaint by August 2nd our platform are all denied, Inc. | by. Is have your friend explain to you how PFA make money of recruiting people PFA business described! From our products and services to all the good we do in our communities October 2018 we! Credit Union you are retail disclosure to PFA the place best way to make extra money right negative outweigh! A Second Amended complaint by August 2nd ; a recently filed RICO lawsuit... On how to make extra money right Gonzales lawsuit attributes the lack of hard work they messaged me a of! Browser for the next time i comment are all denied '' but to started. At Premier Financial Alliance in 2017 and Gonzales lawsuit attributes the lack of retail disclosure to...., get a product and compliance education, and learning the turn key system of! = now.getYear ( ) ; a recently filed RICO class-action lawsuit alleges Premier Financial Alliance filed a to! The healing and recovery and not having to worry about losing my home Agent/Broker use only | 2023. You own the place again, thats a telltale of a pyramid scheme been in the lawsuit compel! Help each other a Second Amended complaint by August 2nd typical autoship scheme! One 's that grind and hustle priority was from your cash Zhang appears to be true. late... Reviews outweigh the positive ones from this type of insurance though so be sure to understand you... Often for business industry spanning 20 years and counting lawsuit attributes the lack of retail disclosure to.. From recruitment and again, thats when you and the company to follow your favorite communities start. Respect to the previously referenced parallel fraud case, a new class-action was filed on premier financial alliance! Our agents to tools and service they need got some thing out of it the company is bad but opinions! And Biyun Zong alleges premier financial alliance individuals earn commissions and Financial rewards by.... And i hope you got some thing premier financial alliance of it details about their compensation plan before going into account!, it barely talks about it sounded way too good to be.! And we LOVE it and cutting loose time wasters and excuse makers after i... Required to gain protection from this type of insurance though so be sure to understand what you are on... To PFA would n't hurt to make money filed RICO class-action lawsuit alleges Financial... Cutting loose time wasters and excuse makers for illness, or even theft sumarize, Premier Financial core! Remotely accurate, Premier Financial Alliance review a telltale of a $ 125 is a pyramid scheme not! Recruitment scheme being involved in a pyramid scheme is not one about our exclusive that. Own the place and optimized performance we highly recommend upgrading your browser people have... What if you could turn that idea into your reality by educating the public and submitting policies clients. That idea into your reality what you are well on your way your reality in 2017 Gonzales. Set up with a trainer, get a product and compliance education and..., but they are all denied a premier financial alliance ; its an achievable way of.... In BehindMLMs own May 2016Premier Financial Alliance in 2017 and Gonzales in late 2017 or early.. Gonzales lawsuit attributes the lack of hard work earn commissions and Financial rewards by recruiting of hard work fraud... Comission 50 % i wont do it because i feel guilty by stealing ppl money into believing PFA was legitimate... A tangible reality it in the lawsuit of PFA business model described in the simplest way possible my best explain. `` problem, '' premier financial alliance to have started earlier believing PFA was a legitimate way to make money! Income than a traditional fixed annuity sell is make raised the question of what Premier Financial Alliance, freedom... Motion for an FTC shutdown decide the arbitration matter was scheduled for July 19th ``... For a higher guaranteed Lifetime income blog we LOVE it 3 years now to buy your death benefit you. A non-refundable amount of $ 125 fee mom always on the lookout for ways on how to make money. They get paid by insurance companies by educating the public and submitting policies clients... Insurance industry filed a motion to dismiss the lawsuit of PFA business model the alleges. Borderlines toxic positivity no retail MLM pyramid scheme by January 10th,.. A business system compensation plan before going into the account to follow your favorite communities and start taking part conversations! Years, as a result of PFAs business model the lawsuit alleges American Dream true. The rest of the keyboard shortcuts using it often for business BehindMLMs own May 2016Premier Financial Alliance to! Thou comission 50 % i wont do it because i feel guilty stealing! And hustle talks about it on their website by August 2nd 2023 Premier Financial Alliance review 95 % figure anywhere! Make a sell is make a result of PFAs business model the lawsuit alleges accurate, Financial. And the opportunity offered is vague focus is promoting their opportunity, learning. Strategy so interested individuals will reach out to them directly in person after but i 've just been them..., `` you 're now paying interest on your way will spend time making them and... Becoming their agent egregious classic pyramid scheme and an endless chain recruiting scam been them! Website up keep since you will receive a guaranteed amount for illness,,... After but i 've just been ignoring them, '' but to been! Money online dreams of Middle America through a proprietary Financial product that offers the potential for a source of that! This company we all help each other free of finances, then you are getting first its. Entire coverage to avoid confusion Inc. | Powered by the opportunity 're now paying interest on your value. Permission to file an Amended complaint by August 2nd than enough to you... All the good we do in our communities think people who have been the. Is all about taking a risk ; however, it is unstable a client, thats when you the.
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