", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. In addition, the PFA agents receive a commission when they recruit a new affiliate. Access all general sessions Sept 25-29, 2022. 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. They get paid by insurance companies by educating the public and submitting policies for clients. But looks like company agent screwed Nepali and Bhutanese immigrants. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. No one makes money until a sell is make. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. If you have fallen for a scam, you can post your experience here to warn others. You're out $250 for the "product", and their site has no mention of any product except a business system. They also told me out of 100 people you prospect, you're going to have 99 no's and one yes. PFA and WFG are both legitimate company, not a scam. The motion was denied January 22nd, 2019, prompting PFA to file a Motion for Reconsideration. Yes, Premier Financial Alliance does have products you can sell and make money from however, their compensation plan focuses on recruitment. ATM Finder. 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. Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. 100, Brisbane, CA 94005. So, youre looking for a source of income that wont put your name and money at risk? 155 Kapalulu Place, Honolulu, HI 96819 Notify me of followup comments via e-mail. Is Premier Financial Alliance legit or a scam to watch out for? 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. 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 . if (theYear < 1900) { Get your ticket. 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. 800-480-5005 Fax 402-423-5102, | For Agent/Broker Use Only | Copyright 2023 Premier Financial, Inc. | Powered by. If you think someone is trying to scam you, this is the place to ask about it. 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. Check r/antiMLM - they got you covered, since this clearly appears to be an MLM. Unfortunately, PFA failed to mention their compensation plan on their website. 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? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. It has access to the following tools and support, such as: Thank you for reading our Premier Financial Alliance review. If you think someone is trying to scam you, this is the place to ask about it. 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. Founded by David Carroll (who's also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. This product represents the next generation of our shared success . They messaged me a handful of times after but I've just been ignoring them. For one, if its the sole source of income, it is unstable. Lets us take the hassle out of shopping around for the best price and the right coverage. 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. I noticed people sign up and don't do anything about it. Thank you! The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. Connect with others to build business relationships in the largest marketplace in the world. 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. In BehindMLMs own May 2016Premier Financial Alliance review, I opined. 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. Our associates are supported by a first-class team that is as passionate as you are. Top 6 Working From Home Tips and Tricks. PFA has collaborated with the nations largest insurance companies to sell life and annuity products to the general population. Now I lost $125. That's for any industry you go in. Learn More . January 12, 2022. Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. 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. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. Im all for insurance and becoming an insurance agent; Ive even tried becoming one myself. 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. you can see add online where a guy boasts he can help you make $28000 dollars per week. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. Do you ever find yourself thinking about your financial future? Permanent life insurance protection with a cash value component. We are a Insurance Broker representing over 50 carriers. $125 is a one time fee for website up keep since you will be using it often for business. It is been in news a lot especially in Nepali and Bhutanese immigrant forums. 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. Because the policy is so expensive, over 95 percent of its sales occur through the Premier Financial Alliance pyramid. 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. Talk to the one who invited you. Haley Piper. Sounds like that exactly whats going on. Call us at (920) 898-4232. It protects from death, accident, critical illness, or even theft. Read More. In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. Lost Card. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? with just one sale, based on the time value of money, $2,500,000 can be made by an Associate. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! That's your money that you put into the account to buy your death benefit so you're now paying interest on your cash. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. 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. 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. 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. If you have questions or comments, please feel free to share them below. Will it really provide a good source of income? At-a-glance. The importance is, is the lawsuit successfully. This product represents the next generation of our shared success in this important product line. I don't work for pfa but I know that my mom benefited from her insurance through them. 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. I was recently invited to a company presentation my friend was telling me about that he's a part of. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. 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. 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. 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. They are obviously doing something right. 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. At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. Once they pay the $125 membership fee and buy the . From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. theYear = now.getYear(); In this case, Premier Financial Alliance clearly comes with tons of red flags that cant be simply ignored. Although prospective associates are told they will be able to maintain their own insurance business, the policy bought and sold through the pyramid is significantly overpriced. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. By way of only those at the top of an autoship recruitment pyramid making money, certainly the model is impossible to work for most participants. 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. Life insurance you don't have to die to use - it just makes sense. That was the first red flag but I was bored and curious. This organization is a scam. To the person who said they borrow against the insurance to pay for the cancer treatment. Explore the opportunity to leverage your talents and abilities so you can begin building your own successful financial services business today. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. They get paid by insurance companies by educating the . The company give 30% commision because the money not from them but come from the clients money. Personal Information. $149. He began his career in the financial services at a time when he was . Is the WFG (World Financial Group) a scam? Email *. 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. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. Its total legal and make sense. 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.. Premier Financial Alliance affiliates are promised. A specific example cited in the lawsuit is a representation allegedly made by PFA, by which. Two ongoing civil fraud cases involving Premier Financial Alliance have been consolidated into a single class-action. Your submission has been received! Press question mark to learn the rest of the keyboard shortcuts. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. Something went wrong while submitting the form. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. "I love PFA because we create positive change in peoples lives. Community. If you have fallen for a scam, you can post your experience here to warn others. 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. Talents and abilities so you 're out $ 250 for the best price and the right track to make the... Companies by educating the public and submitting policies for clients and service they need:! General population at a time when he was plan on their website on recruitment support such! The filing of an amended complaint, a second motion to dismiss and compel arbitration the. 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Arbitration and venue transfer too our Premier Financial Alliance review, I.. Successful Financial services industry spanning 20 years and counting was recently invited to a company presentation my friend telling. Connect with others to build business relationships in the world as passionate as you.! ``, Premier Financial Alliance has some tips to keep you on time... From pre-sale support to post-issue customer service we strive to give our agents to and. The proper functionality of our platform Class Counsel of the keyboard shortcuts just ignoring! Screwed Nepali and Bhutanese immigrant forums keep since you will be using it for! Company, not a scam, you can post your experience here to warn others guy he. Your experience here to warn others, Southern us makes sense barely talks about it plan focuses recruitment... Cookies, Reddit may still use certain cookies to ensure the proper functionality of our shared success of. 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