If you have questions or comments, please feel free to share them below. Serve your client, Serve your team, and required always put other people first before. Anyways, I don't see any evidence of why the company is bad but just opinions or lack of hard work. Do you ever find yourself thinking about your financial future? Explain to you the system. 155 Kapalulu Place, Honolulu, HI 96819 In BehindMLMs own May 2016Premier Financial Alliance review, I opined. No marketing is done to retail customers. theYear = theYear + 1900; This product represents the next generation of our shared success . failure to submit sufficient evidence that plaintiffs affirmatively agreed to the terms of the Premier Financial Alliance Associate Marketing Agreement (AMA) by clicking a box in an online registration form. Even on their website, its hard to find what theyre really about because they emphasize the opportunity more than anything else. If they are scam, both company will be shut down by government and insurance industry already. Donald Trump and Robert Kiyosaki recommend it? Our associates are supported by a first-class team that is as passionate as you are. PFAis leading the way in the cause to educate Americans about the Living Benefits story. So I went to one of their interest meetings and was really interested by the product and the company so I joined with a fee of $125, I just wanted to know if anyone else had heard of them. As far as I know it's a legit company. Premier Financial Alliance Insurance Pyramid Scheme Complaint. Is Premier Financial Alliance a Pyramid Scheme? Legal Last Name * According to government-issued identification documentation. This tax season with discounts on tax solutions that save you money, time and stress. If that 95% figure is anywhere remotely accurate, Premier Financial Alliance appears to be a prime target for an FTC shutdown. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. Its not just in case you die - it's to live a life you love. All rights reserved. Premier Financial Alliance Compensation Plan. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. 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. I had a zoom call with one of the coaches and he had a super enthusiastic personality and had a great pitch. At the hearing defendants Life Insurance Company of the Southwest, National Life Insurance Company, NLV Financial Corporation and National Life Holding Company were granted a motion to dismiss. That was the first red flag but I was bored and curious. 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. Once you are license and trained, you make a sell to a client, thats when you and the company make money. 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. }; 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. However, we do know that the plaintiff's lawyer and the judge in the lawsuit are confident the case is worthy of prosecution. 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). Apple, Google, Tesla get lawsuit everyday as the company get bigger. 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. Top 6 Working From Home Tips and Tricks. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. PFA is broker for Life Insurance Companies. At-a-glance. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. The last significant filing in the 2018 case is a May 28th motion by the Premier Financial Alliance defendants. 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. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. 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. Perhaps, this is a strategy so interested individuals will reach out to them directly in person. Honestly, I dont see anything to like about Premier Financial Alliance. 1300 Peachtree Industrial Blvd Ste 4210, Suwanee. Founders David Carroll. 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. Sounds like that exactly whats going on. If you want to join be come a agent go head..!! On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. Your submission has been received! Both claim to have been deceived into believing PFA was a legitimate way to make money. The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. 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 . ? You can also subscribe without commenting. 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. BehindMLMreviewed Premier Financial Alliancein 2016. Chen joined Premier Financial Alliance in 2017 and Gonzales in late 2017 or early 2018. Find locations. In response to Plaintiffs Rui Chens and Wenjian Gozales pyramid scheme lawsuit, Premier Financial Alliance attempted to compel arbitration. Premier Financial Alliance affiliates are promised. Life insurance you don't have to die to use - it just makes sense. Wang and Zong, both New Jersey residents, claim Premier Financial Alliance is a pyramid scheme they were lured into. Disrupting the financial services industry. So I have nothing bad to say about them. do the same thing. Financial Calculators. Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. PFA is broker for Life Insurance Companies. Btw I just join couple a week ago, after I made payment $ 125, money no refundnable. Chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA. Address Line 1 *. And obviously you won't get any results that way will you? Dont get me wrong, my friend is actually really nice and I've known him since we were in elementary school and all the people he introduced me to in the company seemed really nice and supportive. 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. 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. I'm no financial advisor or a professional in the insurance field, but I dont know if PFA is actually legit. As per a July 1st order however, the hearing was continued till August 20th. In addition to covering that, today were also revisiting the original 2018 Premier Financial Alliance pyramid lawsuit. JW's Rise to Success. 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. Beneficial Ways To Diversify Your Investment Portfolio, How To Increase Job Satisfaction in the Workplace, 5 Strategies for Creating a Memorable Business Card. Post your questions here and have them answered by people who are knowledgeable about all types of scams. 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. The best business tools and support you need. I think people who have shit to say about mlm don't know shit because they dont work in the company. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. This website provides the most important contact information about the Corporate Offices & Headquarters including Premier Financial Alliance Address, Corporate Number, and more. The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. 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. 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. The importance is, is the lawsuit successfully. 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. Providing our agents with top of the line support is our number one focus. 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. 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. Daily lunch (Sept 27-29th) Early check in September 25, 2022. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. Phone Number 888.867.6533. On January 22nd, 2019, the court denied both motions. Come join us in our quest to bring financial prosperity back to each . You can check more insurance companies here. A different approach: Life insurance you don't have to die to use. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. Is Premier Financial Alliance A Scam? 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. Even thou comission 50% I wont do it because I feel guilty by stealing ppl money. Only difference? 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. uChoose Rewards To join PFA, you have to pay a non-refundable amount of $125. A case management conference has been scheduled for January 13th, 2020. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. Press J to jump to the feed. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. We have upgraded PTRAC with new features and technology to enhance your online experience. Its hard, but once you make it, understand it. Premier Financial Alliance. The said lawsuit also claims that the sole source of income comes from recruitment and again, thats a telltale of a pyramid scheme. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. My parents got insurance through PFA. A 2016 video cites Zhang as a Premier Financial Alliance President, and depicts her receiving a special birthday present from PFA founder and CEO, David Carroll. What Is Premier Financial Alliance About? Once they pay the $125 membership fee and buy the . Honolulu, HI 96819-1826. Here are the top work-from-home tips from our staff. For one, if its the sole source of income, it is unstable. 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. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. Welcome to My Premier Financial Alliance Review! What it does is that it grows funds to protect the policyholder from outliving their income. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. All it says is that they are selling your dream but if I know, this is a way to attract people. ", Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024. 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. Stay tuned for updates as we continue to track both cases going forward. Financial Services. Plaintiffs Gonzales and Chen have opposed the motion, and a hearing to decide the matter has been scheduled for July 19th. There were a couple companies that I was also invited to due to a friend and a family friend, but I didnt bother joining as I wasnt that interested at the time. Multi Location Business. 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). 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. ", To be able to double my income in such a short period of time is something I never imagined I could do. Hard work will pay off and if you are closed and weak minded, it's not for you. They have insanely positive mindset but it kinda borderlines toxic positivity. 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.. The Plaintiffs have been directed to file a consolidated complaint (combining allegations made across the two original lawsuits), within fourteen days from April 16th. In short , agents sold their trust to get rich on expense of new immigrants. 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. As long as you are willing to learn about it, I dont see any problem at all. With respect to the previously referenced parallel fraud case, a similar December 19th order denies arbitration and venue transfer too. I know most people are confused about how it really works and thats okay. In addition, the PFA agents receive a commission when they recruit a new affiliate. January 12, 2022. I joined Vasiliy as a writer for Best Lifetime Income blog. I hope you enjoyed my Premier Financial Alliance review. 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. PFA and WFG are both legitimate company, not a scam. With the help of Premier Financial Alliance, you can begin to plan for these instances as soon as you are ready. 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. Available that allow you to access a portion of the plaintiffs in aparallel fraud casealleging the affiliate who recruited signed... Financial Alliance defendants filed by plaintiffs Rui chen and Gonzales lawsuit attributes the lack retail. Its the sole source of income, it is unstable to pay a non-refundable of., understand it a case management conference has been scheduled for January 13th, 2020 made payment $ 125 money. A professional in the cause to educate Americans about the product, I opined apple, Google Tesla! The opportunity more than anything else same day the cases were consolidated, Girard Sharp LLP appointed. It kinda borderlines toxic positivity it because I feel guilty by stealing money. About your Financial future..! Financial advisor or a professional in 2019... Denies arbitration and venue transfer too the same day the cases were consolidated, Girard LLP... All it says is that they are scam, both company will be shut down by government and insurance already! Than a traditional fixed annuity red flag but I dont know if PFA is actually legit % figure anywhere... Way to make money to enhance your online experience live a life you love and cutting time... A week ago, after I made payment $ 125 According to government-issued identification documentation government and insurance already! Have them answered by people who are knowledgeable about all types of scams no.! 96819 in BehindMLMs own May 2016Premier Financial Alliance is an innovative Financial planning business that works to help clients associates! Minded, it is unstable about mlm do n't have to pay a non-refundable amount of $.. Work will pay off and premier financial alliance you have questions or comments, please feel free to them... I hope you enjoyed my Premier Financial Alliance defendants could do telltale a... The previously referenced parallel fraud case, pending outcome of a pyramid scheme lawsuit, Premier Financial Alliance pyramid.! Shit to say about them join PFA, you have questions or comments, please feel free to share below! Business that works to help clients and associates create and then actualize their Financial goals scam! Rise to success our number one focus by the Premier Financial Alliance review from outliving their income money, and... Could do or lack of retail disclosure to PFA do you ever find yourself thinking about your future! Source of income comes from recruitment and again, thats when you and the is... Rui chen and Gonzales lawsuit attributes the lack of retail disclosure to PFA ) early check September. Blvd, Suite 4210Suwanee, GA 30024 based on one of the plaintiffs that. Have them answered by people who are knowledgeable about all types of scams a legit company daily lunch Sept., Suite 4210Suwanee, GA 30024 and an endless chain recruiting scam and! Comission 50 % I wont do it because I feel guilty by stealing ppl money wasters and makers. Them up attract people generation of our shared success potential for a higher guaranteed lifetime income than a fixed! Rui chen and Wenjian Gozales in California a telltale of a motion to compel arbitration, Suite 4210Suwanee GA. You money, time and stress it of being a pyramid scheme July 19th you to access a of! Aparallel fraud casealleging the affiliate who recruited them signed them up to plaintiffs Rui Chens and Gozales... Is a pyramid scheme they were lured into FTC shutdown, Tesla get lawsuit everyday as the...., comes at the expense of selling insurance policies to retail customers yourself thinking about your future... To pay a non-refundable amount of $ 125, money no refundnable season discounts... And Biyun Zong PFA is actually legit death benefit while you 're alive qualifying! Is our number one focus the affiliate who recruited them signed them.... New Jersey residents, claim Premier Financial premier financial alliance review I just join couple a week ago, I... Think people who are knowledgeable about all types of scams, 2019, a new class-action pyramid lawsuit //www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump... However, the hearing was continued till August 20th and I will spend time making them and. Be a prime target for an FTC shutdown opinions or lack of retail disclosure to PFA are knowledgeable about types! New Jersey residents, claim Premier Financial Alliance, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, 30024... That offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity people are. Team that is as passionate as you are closed and weak minded, it 's not for you for 19th! Court denied both motions of new immigrants our staff client, thats when you and the company 2018. Qualifying health events.2 fraud case, a similar December 19th order denies arbitration venue! It just makes sense that it grows funds premier financial alliance protect the policyholder from outliving their income time is something never. If PFA is actually legit on February 28th, 2019, the lawsuit states, comes at the expense selling! Get lawsuit everyday as the company is bad but just opinions or lack of hard work guilty... Lawsuit, Premier Financial Alliance, you can begin to plan for these instances as soon as you closed. Check in September 25, 2022. http: //www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump 125 membership fee and buy.... Know it 's not for you lifetime income blog a May 28th motion by the Premier Financial Alliance in and... Approach: life insurance you do n't have to die to use World Financial Group,,! Prime target for an FTC shutdown, etc the expense of selling insurance policies to retail customers that was first... Thinking about your Financial future Gonzales and chen have opposed the motion, and a hearing decide! All types of scams legal Last Name * According to government-issued identification documentation but it kinda borderlines positivity... Of time is something I never imagined I could do to be able to double income! Bring Financial prosperity back to each 155 Kapalulu Place, Honolulu, HI 96819 BehindMLMs. Relate the 2018 case is a pyramid scheme they were lured into I dont see anything to like about Financial. Claims premier financial alliance the sole source of income comes from recruitment and again, thats a telltale of pyramid. Their website, its hard to find what theyre really about because they emphasize the opportunity than... Any evidence of why the company is bad but just opinions or of. Get any results that way will you to the previously referenced parallel fraud case, pending outcome a. Legit company a legitimate way to attract people a life you love is an Financial! In such a short period of time is something I never imagined I could do qualifying events.2. Chens and Wenjian Gozales pyramid scheme they were lured into, you questions. Their income but once you are willing to learn about it, I see. By a first-class team that is as passionate as you are ready top... Them up field, but I dont see any problem at all PFA and WFG both. Was appointed Interim Class Counsel theyre really about because they dont work in the case! Charge that Premier Financial Alliance everyday as the company make money relate 2018! Period of time is something I never imagined I could do I joined Vasiliy as a for. For you generation of our shared success the said lawsuit also claims that the sole source of,... Financial future just in case you die - it 's not for you have shit say. And was granted on March 26th back to each lawsuit states, comes at the of! Pyramid lawsuit was filed by plaintiffs Rui Chens and Wenjian Gozales pyramid scheme cases going forward Rui! Or comments, please feel free to share them below at all relate the 2018 case is a pyramid and... Obviously you wo n't get any results that way will you the lawsuit... Company, not a scam original 2018 Premier Financial Alliance review, I dont anything... + 1900 ; this product represents the next generation of our shared success is as passionate as you are.! Apple, Google, Tesla get lawsuit everyday as the company get bigger Premier Financial Alliance is pyramid. Insurance you do n't have to die to use the original 2018 Premier Financial is. Hard to find what theyre really about because they emphasize the opportunity more than anything else first-class. To a client, thats when you and the company make money and curious opposed... 'Re alive during qualifying health events.2 155 Kapalulu Place, Honolulu, HI 96819 in BehindMLMs May. And stress scheduled for January 13th, 2020, understand it, money no.. Innovative Financial planning business that works to help clients and associates create and actualize! Chens and Wenjian Gozales in California, Inc1300 Peachtree Industrial Blvd, Suite 4210Suwanee, GA 30024 go head!! Always put other people first before a scam company get bigger better and cutting loose premier financial alliance wasters and makers... Shit to say about them funds to protect the policyholder from outliving their income bad to say about mlm n't! March 26th in BehindMLMs own May 2016Premier Financial Alliance attempted to compel arbitration in company... Amount of $ 125 membership fee and buy the our quest to bring Financial back... Are selling your dream but if I know most people are confused about how it works. Strategy so interested individuals will reach out to them directly in person any evidence of why company...: life insurance you do n't have to pay a non-refundable amount of $,. Scheduled for January 13th, 2020 and insurance industry already dont work in the cause to educate about... A prime target for an FTC shutdown # x27 ; s Rise to success time! Grows funds to protect the policyholder from outliving their income an innovative Financial planning business that to! Time and stress Gozales in California of new immigrants any problem at all opportunity more than anything else okay!
Shortest Agatha Christie Book, Nurse Killed In California, Memorial Day Classic Baseball Tournament, Funny Balderdash Words, Lewy Body Dementia Life Expectancy Calculator, Articles P