The motion requests permission to seek reconsideration of the earlier arbitration denial decision, or in the alternative a transfer of the case to Georgia. On January 22nd, 2019, the court denied both motions. For improved security and optimized performance we highly recommend upgrading your browser. Applications must be postmarked by March 1, 2023. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. It protects from death, accident, critical illness, or even theft. Easy account access on the go! A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. So I dont know if this is all just rival life insurance companies trying to tarnish the PFA name or whether the company itself is really just another MLM scam. 132 were here. theYear = theYear + 1900; Address Line 1 *. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. If it's through recruiting, it's a pyramid scheme. Get your ticket. This Credit Union is federally insured by the National Credit Union Administration. We protect the dreams of Americans through a revolutionary financial product that is disrupting the financial services industry. Unfortunately, PFA failed to mention their compensation plan on their website. 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. 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. Btw I also paid my friends $125 cause he didn't have it at the time. Has this product worked with anyone? Premier Financial Credit Union. Are you making money by recruiting people to sell whatever it is they're selling? This is a help forum - bad advice will get you banned, and we do not consider "just joking" to be a defense of advice that would be harmful if followed. Financial Services. 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. Death is not required to gain protection from this type of insurance. Mmmm yeah that is not for me. Recruitment is a part of their system; however, if the attention is put heavily on this, it becomes a red flag. I actually have heard of this company for 3 years now. 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? Hard work will pay off and if you are closed and weak minded, it's not for you. As far as I know it's a legit company. Post your questions here and have them answered by people who are knowledgeable about all types of scams. But looks like company agent screwed Nepali and Bhutanese immigrants. Our access to top level contracts from our carriers allow us to pass on to our agents some of the highest payouts in the industry. Other drawbacks are more than enough to tell you to ditch this company and look for a better option instead. Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. Honestly, I dont see anything to like about Premier Financial Alliance. If financial freedom means free of finances, then you are well on your way. And obviously you won't get any results that way will you? The PFA lawsuit is still playing out. Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. In light of the order, Plaintiffs have been directed to file a Second Amended Complaint by January 10th, 2020. Do you ever find yourself thinking about your financial future? If you want to join be come a agent go head..!! People from all walks of life, from all around the world, have experienced tremendous success and results from the solutions that Premier Financial Alliance provides. 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. 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). Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. This is our shared vision. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. 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. Because of the reputation it has. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. PFAis leading the way in the cause to educate Americans about the Living Benefits story. However, this is not the case with Premier Financial Alliance. Life insurance you don't have to die to use - it just makes sense. Talk to the one who invited you. 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. 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. The two Californian cases Premier Financial Alliance is currently defending are: Both cases are proposed class-actions and were consolidated by court order on April 16th. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . It is been in news a lot especially in Nepali and Bhutanese immigrant forums. So I have nothing bad to say about them. 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. Awesome. Recruitment is wrong for many reasons. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Learn More . The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. PFAs argument that the company and its employees are based out of Georgia was also rejected. It wouldn't hurt to make extra money right? Copyright In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. Tickets purchased by May 31, 2022. Stay tuned for updates as we continue to track both cases going forward. Company Premier Financial Alliance Seal Team. Now I lost $125. Again, if you want to be an insurance agent, look for a reputable insurance company that will help you learn about the value of insurance rather than persuade you to recruit more and more people. Once you are license and trained, you make a sell to a client, thats when you and the company make money. Lan Zhang appears to be a top Premier Financial Alliance affiliate. Personal Information. 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. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. PFA has collaborated with the nation's largest insurance . Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. Email *. So, youre looking for a source of income that wont put your name and money at risk? To join PFA, you have to pay a non-refundable amount of $125. If they are scam, both company will be shut down by government and insurance industry already. Premier Financial Alliance Compensation Plan. 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. Thank you! Find locations. Lawsuit After Lawsuit Calling It A Pyramid Scheme. Community. 155 Kapalulu Place, Honolulu, HI 96819 Read More. Notify me of followup comments via e-mail. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. The, Maine Savings is among Maines largest credit unions. Is the WFG (World Financial Group) a scam? Lets say the compensation was attractive but whats the truth in all this? I would NEVER recommend that anybody join an MLM. Dedicated Agent Support. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. Explore the opportunity to leverage your talents and abilities so you can begin building your own successful financial services business today. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. According to allegations of an ongoing lawsuit, Premier Financial Alliance earns all of its revenue through recruitment. 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. 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. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. For 2 of the years, I was trying to research and see what they are all about. Both claim to have been deceived into believing PFA was a legitimate way to make money. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. Equal Housing Opportunity. 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. 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 . 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. 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. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. Anyway, insurance, from the word itself, means guaranteed or assurance. Disrupting the financial services industry. In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. Create an account to follow your favorite communities and start taking part in conversations. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. I hope you enjoyed my Premier Financial Alliance review. Confirm Email *. Founders David Carroll. Premier Financial Alliance Seal Team Business details. I noticed people sign up and don't do anything about it. For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. As long as you are willing to learn about it, I dont see any problem at all. If you pay for them, you ruin your only profit line. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. Premier Financial Alliance believes in empowering people with the knowledge and confidence needed to build their own business without the fear of failure that prevents you from achieving financial success.. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. Once they pay the $125 membership fee and buy the . The company give 30% commision because the money not from them but come from the clients money. Did you borrow what you put in? My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). The same thing with insurance, you will receive a guaranteed amount for illness, death, or accident. 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. At Premier you will always talk to a person and not be trapped in a digital phone system. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. According to the FTC, if the source of your income heavily relies on the number of your recruits and not on the sales you get for selling their products, its a telltale of a pyramid scheme. PFA, WFG, Amway they are all big successful company using this system. Its hard, but once you make it, understand it. About us. If yes, then you should join our top-recommended program. With links to many carrier microsites that provide sales ideas, advanced planning and marketing pieces a wealth of information is at your fingertips. now = new Date; Press J to jump to the feed. This is my experience and I hope you got some thing out of it! http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. 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. I don't work for pfa but I know that my mom benefited from her insurance through them. PFA and WFG does not make money of recruiting people. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. You get set up with a trainer, get a product and compliance education, and learning the turn key system. From our products and services to all the good we do in our communities. Is Premier Financial Alliance a pyramid scheme? PFA and WFG does not make money of recruiting people. No one makes money until a sell is make. I know most people are confused about how it really works and thats okay. This organization is a scam. Download the Mobile App. Life Insurance. Valley Strong Credit Union operates as a financial cooperative. $125 is a one time fee for website up keep since you will be using it often for business. Address Line 2 (Optional) 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. 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). Annuities, Life Insurance, Long Term Care Coverage, Income Protection, Medicare Supplements and more. However, this doesnt cover the other expenses when you want to be a legit insurance agent. Our associates are supported by a first-class team that is as passionate as you are. 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. Providing our agents with top of the line support is our number one focus. They can agree that this is the best company we have joined by far. 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% . 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. People are confused about how it really works and thats okay sumarize Premier! 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