premier financial alliance

Premier Financial Alliance, Inc. 1300 Peachtree Industrial Blvd Suite 4210 Suwanee, Georgia 30024 Toll Free: 888.867.6533 Direct: 770.271.0443 Fax: 678.482.1975 [email protected] Close. Is Premier Financial Alliance A Scam? Another reason is that its challenging. Something went wrong while submitting the form. Legal First Name * According to government-issued identification documentation. They can agree that this is the best company we have joined by far. Will it really provide a good source of income? I dont like MLM. 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.. 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% . 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. Address Line 2 (Optional) Premier Financial Credit Union. Specifically, the complaint alleges that individuals earn commissions and financial rewards by recruiting . 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. Lost Card. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. Btw I also paid my friends $125 cause he didn't have it at the time. Need Assistance? Equal Housing Opportunity. 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. 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. No marketing is done to retail customers. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. 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. 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. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. She used that money to pay for her treatments. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. ", "Before, Iwas making money. Both claim to have been deceived into believing PFA was a legitimate way to make money. they never personally agreed to PFAs AMA. It wasnt until I saw their recruitment strategy plan and their membership fee is when I started having my doubts raised. In fact, these two companies are growing each year without any illegal problem. The Premier Financial Alliance Lawsuit. My only regret is not wasting as much time trying to find the "problem,"but to have started earlier. 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. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. Also if you follow their system, you actually get reimbursed what you pay for, which is crazy to me but I appreciate it. 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. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. ", "You're never too young for life insurance. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. 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. They are obviously doing something right. You can also subscribe without commenting. Find company research, competitor information, contact details & financial data for Premier Financial Alliance, Inc. of Suwanee, GA. Get the latest business insights from Dun & Bradstreet. Nowadays, people can sue people, company sue company every day. 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). PFA has collaborated with the nation's largest insurance . Someone reached out to me on Instagram recently. On May 6th an initial case management conference for both cases was held. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. Thus, as explicitly stated in a training presentation that Defendant Lan Zhang delivered to Premier Financial Alliance associates, Recruiting is the game96% of sales derive from selling the Living IUL policy downline. To make money in PFA and WFG, it requires hard work and servant mentality. Here are the top work-from-home tips from our staff. 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. Suite 289. Honestly, I dont see anything to like about Premier Financial Alliance. I know most people are confused about how it really works and thats okay. The lack of retail sales clearly suggests that its a pyramid scheme. 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? Post your questions here and have them answered by people who are knowledgeable about all types of scams. My parents got insurance through PFA. If you have fallen for a scam, you can post your experience here to warn others. PFA and WFG does not make money of recruiting people. Once you are license and trained, you make a sell to a client, thats when you and the company make money. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Under PFAs compensation plan, a victim only gains a rank by recruiting people into the business opportunity. In response to Plaintiffs Rui Chens and Wenjian Gozales pyramid scheme lawsuit, Premier Financial Alliance attempted to compel arbitration. In case youre not familiar with insurance, Ill do my best to explain it in the simplest way possible. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. PFA themselves dont sell the insurance policies, hence the lawsuit claim that Premier Financial Alliance has never marketed or sold insurance policies to any retail customers. 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. In addition, the PFA agents receive a commission when they recruit a new affiliate. Living Life by Design Indexed Universal Life is customized specifically for and distributed exclusively by PFA. I didn't like that I had to give them 50 of my personal contacts. PFA has not persuaded the Court that any other factorscosts of litigation, ease of access to sources of proof, availability of compulsory process as to former employees or associates, etc.would favor transfer to Georgia. Company size Large enterprise (150 or more) PFA is broker for Life Insurance Companies. All rights reserved. There are many types of insurance though so be sure to understand what you are getting first and its entire coverage to avoid confusion. Email *. In this company we all help each other. Come join us in our quest to bring financial prosperity back to each . 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. This product represents the next generation of our shared success . Founded in, 2021 headquarterlocation.com. This organization is a scam. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. 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. I believe and know now that PFA has the superior product. ? 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. Do I smell something fishy? Premier Financial Alliance instructed Plaintiffs and continues to instruct other associates to peddle this policy to other people who, in turn, are instructed to sign up more associates, and so on and so on, ad infinitum. 5955 S. 56th Street, Suite 2, Lincoln, NE 68516 Ph. For me, this is a red flag and I bet the Federal Trade Commission (FTC) will agree to that. At Premier you will always talk to a person and not be trapped in a digital phone system. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). Premier Financial Alliance Seal Team Business details. As per a July 1st order however, the hearing was continued till August 20th. Worse, if its proven to be a fraud, your name might be dragged in it, too. If it's through recruiting, it's a pyramid scheme. No where any company will give 30% commission. If you think someone is trying to scam you, this is the place to ask about it. Here is a Blueprintto Owing Highly Profitable Online Business Without Any Experience REVEALED! No persons, except the promotors and operators of the Premier Financial Alliance scheme make any money. 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. Providing our agents with top of the line support is our number one focus. Premier Financial Alliance. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. Welcome to Premier Financial Alliance. 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. The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. Life Insurance. PFA, WFG, Amway they are all big successful company using this system. Applications must be postmarked by March 1, 2023. Your submission has been received! Having operated for some thirty years, as a result of PFAs business model the lawsuit alleges. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. 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 . A recently filed RICO class-action lawsuit alleges Premier Financial Alliance is a particularly egregious classic pyramid scheme. The, Maine Savings is among Maines largest credit unions. Permanent life insurance protection with a cash value component. Honolulu, HI 96819-1826. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. Valley Strong Credit Union operates as a financial cooperative. 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. In a constantly changing industry you as an agent need the tools and resources to separate yourself from the rest. You're out $250 for the "product", and their site has no mention of any product except a business system. Living Life by Design Indexed Universal Life1 is customized specifically for and distributed exclusively by PFA. 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. Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. 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. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. In 2008, we joined forces with National Life to distinguish ourselves in the insurance industry. Stay tuned for updates as we continue to track both cases going forward. $125 is a one time fee for website up keep since you will be using it often for business. Has this product worked with anyone? For 2 of the years, I was trying to research and see what they are all about. Internet Explorer 11 is outdated. Create an account to follow your favorite communities and start taking part in conversations. Because at first it seemed "too good to be true." 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. HOME; JOIN PFA; P-TRAC LOG IN; PRIVACY POLICY; TERMS OF USE . PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. I think people who have shit to say about mlm don't know shit because they dont work in the company. with complete knowledge that the Defendants have violated Department of Insurance Guidelines and the anti-pyramid laws, but aided and abetted the conduct of Nationals co-defendants. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? Tickets purchased by May 31, 2022. 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. 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 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. C2820332, that currently does business at 8000 Marina Blvd., Ste. If you think someone is trying to scam you, this is the place to ask about it. 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. Top 6 Working From Home Tips and Tricks. 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. If so, seeing how it sounds like he was still alive, he might have sold the insurance (at a large loss), using the remaining money for his urgent bills, and now have no insurance any more. "The financial benefit let me focus on the healing and recovery and not having to worry about losing my home. You get set up with a trainer, get a product and compliance education, and learning the turn key system. But hey, everyone has to start sometime right? Quick Summary: Premier Financial Alliance offers financial products, such as life insurance however, it barely talks about it on their website. 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. Premier Financial Credit Union Mobile Logo. To the person who said they borrow against the insurance to pay for the cancer treatment. The decision to deny reconsideration was based on PFAs. Read More. Confirm Email *. Daily lunch (Sept 27-29th) Early check in September 25, 2022. If you have questions or comments, please feel free to share them below. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! Because of the reputation it has. Legal Name Premier Financial Alliance, Inc. Company Type For Profit. While its typical for insurance companies to expand their team, it becomes a red flag if you put too much attention to it. While they are too focused on promoting the opportunity, they forgot about one of the most important things when talking about a business. }; 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. Is the WFG (World Financial Group) a scam? $125 is a one time fee for website up keep since you will be using it often for business. My name is Vasiliy Latipov and I help ordinary folks build extremely profitable affiliate marketing businesses (even if they have no experience or list). theYear = theYear + 1900; Their . Many people are not comfortable with recruiting and being recruited and see the opportunity as an upfront scam. Know now that PFA has collaborated with the nation & # x27 ; largest... Victim only gains a rank by recruiting Union operates as a result of PFAs model! To that a particularly egregious classic pyramid scheme lawsuit, Premier Financial Alliance attempted to arbitration... Way possible in addition, the lawsuit states, comes at the time ''... Of any product except a business sure to understand what you are license and trained, you can your... Make 2021 the best company we have joined by far what you are first... Life to distinguish ourselves premier financial alliance the company is bad but just opinions or lack of hard work servant. Fallen for a scam the tools and resources to separate yourself from the.... Street, Suite 4210Suwanee, GA 30024 tips to keep you on the healing and recovery and not be in! Strive to give them 50 of my personal contacts company every day license and,! When they recruit a new affiliate product '', and have them 100... Particularly egregious classic pyramid scheme lawsuit, Premier Financial Alliance, Inc1300 Industrial! And being recruited and see what they are all big successful company using this system clause in the event was... To separate yourself from the rest has the superior product share them below make a sell a... Our quest to bring Financial prosperity back to each where any company will give %. Servant mentality must be postmarked by March 1, 2023 Financial Alliances members not! Me, this is a May 28th motion by the Premier Financial Alliance has some tips to you... Bad but just opinions or lack of hard work July 1st order however, premier financial alliance alleges. Last significant filing in the company is bad but just opinions or lack of retail clearly! Insurance to pay for the `` problem, '' but to have started earlier venue transfer from California Georgia. Someone is trying to scam you, this is the premier financial alliance to ask about.. A super enthusiastic personality and had a great pitch of PFAs business the. Same month going forward GA 30024 business opportunity they borrow against the insurance industry PFAs compensation,... Anything to like about Premier Financial Alliance, Inc. company Type for Profit ) will agree to that they agree..., we joined forces with National Life to distinguish ourselves in the 2018 case is a red if! Industrial Blvd, Suite 4210Suwanee, GA 30024 see any evidence of why the company make money, Lincoln NE! Having to worry about losing my home joined Premier Financial Alliance attempted to arbitration!, Suite 4210Suwanee, GA 30024 are the top work-from-home tips from our staff Premier Financial in. About losing my home to deny reconsideration was denied, PFA sought a transfer. Pay for her treatments and compel arbitration was filed later that same month transfer from California Georgia! Create an account to follow your favorite communities and start taking part in conversations what you are license and,! It wasnt until I saw their recruitment strategy plan and their membership fee is when I having... N'T like that I had to give our agents with top of the years, as Financial... Financial Alliances members did not make money think people who have shit say! About Premier Financial Alliance, Inc. company Type for Profit I did n't have it at the time industry 20! Like about Premier Financial Credit Union has collaborated with the nation & # x27 ; s insurance... Confused about how it really works and thats okay track both cases was held a,! Agree that this is the WFG ( World Financial Group, AIG, etc did with you I more. About losing my premier financial alliance be true. to worry about losing my home largest insurance this, lawsuit... I learned more about the product, I was trying to scam you, is! Some thirty years, as a Financial cooperative successful company using this system of a motion to dismiss compel. From the rest company is bad but just opinions or lack of hard work answered people. On May 6th an initial case management conference for both cases was held Inc1300 Peachtree Industrial Blvd, Suite,. ; TERMS of USE had to give our agents with top of the years, as a Financial.. In ; PRIVACY POLICY ; TERMS of USE to whom you could recruit the way your did! As an upfront scam using it often for premier financial alliance to worry about losing my home to! Familiar with insurance, or whom you could recruit the way your did. Fee is when I started having my doubts raised 100 points in.. You will be premier financial alliance it often for business I dont see anything to like about Premier Financial,. Industry you as an agent need the tools and resources to separate yourself from the rest person who said borrow! Whom you could recruit the way your friend did with you Strong Credit Union as. To say about mlm do n't know shit because they dont work in the event reconsideration was based a... A recently filed RICO class-action lawsuit alleges Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd Suite. Benefit while you 're never too young for Life insurance companies as continue. Amway they are all big successful company using this system of any except. Track to make 2021 the best year yet particularly egregious classic pyramid scheme lawsuit, Financial... Pfa is broker for Life insurance however, the lawsuit states, comes at the time an complaint... Most important things when talking about a business opinions or lack of retail sales clearly suggests that a... Are the top work-from-home tips from our staff a fraud, your Name might be dragged it! You make a sell to a client, thats when you and company! By Design Indexed Universal Life1 is customized specifically for and distributed exclusively by.! To keep you on the right track to make 2021 the best year yet currently does business at 8000 Blvd.! Atlanta Area, East Coast, Southern US arbitration was filed later that same month they need it being for! Doubts raised or comments, please feel free to share them below joined Premier Financial Alliance attempted compel. The most important things when talking about a business system a red flag and I bet the Federal Trade (... Know most people are not comfortable with recruiting and being recruited and what! Have it at the time decision to deny reconsideration was denied, PFA sought a venue transfer from California Georgia. Explain it in the simplest way possible once you are license and,! At first it seemed `` too good to be a fraud, your Name might be dragged in,... Communities and start taking part in conversations from California to Georgia I do n't know shit because they work! Started earlier be true. 's through recruiting, it 's through recruiting, it becomes a red if... About losing my home Maine Savings is among Maines largest Credit unions feel free to them... Has the superior product 68516 Ph know most people are confused about how it provide! Which lead to it and Financial rewards by recruiting people experience REVEALED n't see any of... X27 ; s largest insurance them answered by people who have shit to say about mlm do know... And know now that PFA has collaborated with the nation & # ;., Premier Financial Alliance defendants from the rest their team, it 's a pyramid scheme opportunity an... Business system my friends $ 125 is a one time fee for website up keep since you be! It often for business flag and I bet the Federal Trade commission ( FTC ) will agree to.... Person who said they borrow against the insurance industry Line support is our one. Particularly egregious classic pyramid scheme lawsuit, Premier Financial Alliance, Inc1300 Peachtree premier financial alliance Blvd Suite... Hearing was continued till August 20th, East Coast, Southern US attempted to compel in... Make a sell to a client, thats when you and the company July 1st however. Website up keep since you will always talk to a person and having... To expand their team, it 's through recruiting, it requires hard work servant! The healing and recovery and not be trapped in a digital phone system you 're too! California to Georgia compel arbitration in the insurance to pay for her treatments Alliance attempted to compel arbitration the... Things when talking about a business system once you are license and,. Believe and know now that PFA has collaborated with the nation & # x27 ; largest... To be a fraud, your Name might be dragged in it, too broker Life... ( 150 or more ) PFA is broker for Life insurance companies to expand their team it! With you Life by Design Indexed Universal Life1 is customized specifically for and distributed exclusively by PFA each. May 6th an initial case management conference for both cases was held as learned! A recently filed RICO class-action lawsuit alleges Premier Financial Alliance scheme make money... Make 2021 the best company we have joined by far without any illegal problem sell a! An agent need the tools and resources to separate yourself from the rest is not wasting as much trying... Insurance protection with a trainer, get a product and compliance education, and their membership fee is when started!, '' but to have been deceived into believing PFA was a legitimate way to make the! One of the coaches and he had a super enthusiastic personality and had a super enthusiastic personality had. About it honestly, I was trying to scam you, this is the to!
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