In our review we found an astonishing lack of information provided to potential PFA retail customers or indeed, whether retail sales were even possible at all. Create an account to follow your favorite communities and start taking part in conversations. This naturally raised the question of what Premier Financial Alliances core priority was. You can also subscribe without commenting. I told him I'd rather do some research before I jump in, and he understood and thanked me for coming. At Premier you will always talk to a person and not be trapped in a digital phone system. 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. 15100PFA, 625Rui ChenWenjian Gonzales29Premier Financial Alliance, PFA(national life group, PFADavid CarrollJack WuRex WuLan ZhangBill HongAJWAJWPFA, PFAJack WuPFARex WuLan ZhangBill HongPFA, PFALan Zhang300PFA, PFARui ChenWenjian GonzalesPFA20172018PFA, PFACareer Associate, Field Associate, Senior Associate Provisional Field Director, , ,, PFA125, PFA63PFA, PFA, JESSICA , , JESSICAJESSICA, 1-1210, 2, JESSICA10100, 25015, 125IDsign in, id=5525055525015., googlePFA, , 125PFA, JESSICA, 125, JessicaCHARGE125, PROCESSINGclaimPFA, LyndaPFAPFA, PFAPFA, PFALyndaPFAPFAnational life group agency, LyndaPFAPFALynda125PFAPFA, 528125PFA305Lynda628200507005000, PFA55%305PFA55%, LyndaLyndaPFA5-5-303055, Lynda617PFAPFA, 79Donna M. Ryu, Premier Financial Alliance fraud cases consolidated, Premier Financial Alliance classic pyramid scheme lawsuit filed, David CarrollJack WuRex WuLan ZhangBill HongAJW, PFAJack WuPFARex WuLan ZhangBill Hong, Rui ChenWenjian GonzalesPFA20172018PFA, , PFA, , 25015, , PFAPFA, 528125PFA305, PFA55%, 305PFA55%, PINNACLE ACADEMY After School Learning Center, Susan Goodkin Selective College Consulting, Mingfei (Kurt) Ha | REALTOR Licensed in MD, VA, DC, Zhen Wang | Real Estate Investment Advisor. Because at first it seemed "too good to be true." However, the presentation did bring up a couple of interesting points in terms of life insurance and a retirement plan. 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. Premier Financial Alliance Insurance Pyramid Scheme Complaint. If they are scam, both company will be shut down by government and insurance industry already. 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. PFA and WFG does not make money of recruiting people. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. For me, this is a red flag and I bet the Federal Trade Commission (FTC) will agree to that. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. That deterred me from committing. To earn any commissions or financial rewards in PFA, one has to recruit and cause to be signed up, six persons, and obtain a license to sell insurance under applicable State Law. After the presentation was over, I met up with my friend and asked me if I liked the product and if I was interested in joining him. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. As long as you are willing to learn about it, I dont see any problem at all. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. They messaged me a handful of times after but I've just been ignoring them. 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. Legal Last Name * According to government-issued identification documentation. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. PFA agents or the PFA don't make money on $125 fee. The court also noted that so many of PFAs affiliates reside in California. 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. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. Manages clients' investments, helps them buy and sell stocks and bonds, assists with tax planning, etc. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. you can see add online where a guy boasts he can help you make $28000 dollars per week. For improved security and optimized performance we highly recommend upgrading your browser. Come join us in our quest to bring financial prosperity back to each . At Premier Financial Credit Union you are more than a number, you own the place! Financial security and freedom is an idea that all seek. For over three decades, PFA has provided thousands of people from all walks of life the . For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. What is described in the lawsuit of PFA business model is that of your typical autoship recruitment scheme. There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. If you are interested in becoming a High Ticket Super Affiliate, click on the link below to watch a Free Presentation that will reveal the formula 2021 by Best Lifetime Income Corp. All rights reserved. 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% . At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. This is our shared vision. Their three pillars- knowledge, power, and success- are a major part of what makes Premier Financial Alliance the longstanding success it is today. Access to P-TRAC, a dashboard that allows you to view team production and metrics. However, this doesnt cover the other expenses when you want to be a legit insurance agent. Business Profile for Premier Financial Alliance. As far as I know it's a legit company. 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? Once they pay the $125 membership fee and buy the . Post your questions here and have them answered by people who are knowledgeable about all types of scams. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gonzales in California. Will it really provide a good source of income? "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. Its not just in case you die - it's to live a life you love. 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. Notify me of followup comments via e-mail. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. 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. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. Is Premier Financial Alliance legit or a scam to watch out for? 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. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. Life Insurance. 112 were here. ChromeFirefoxEdge. Because of the reputation it has. Find locations. I noticed people sign up and don't do anything about it. 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. ", "Before, Iwas making money. Premier Financial Alliance may be a pyramid scheme. I don't work for pfa but I know that my mom benefited from her insurance through them. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. 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. In this company we all help each other. Life insurance you don't have to die to use - it just makes sense. ? tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. 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. This means that the same Californian Judge will hear both cases. Oops! No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. Is the WFG (World Financial Group) a scam? Whether retirement plans, funding your childs college tuition, or having enough money in the event of an emergency, these are the types of decisions that should be made sooner than later. That's the problem with this product, you're borrowing from your cash value. 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. 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