Premier Financial Alliance. If yes, then you should join our top-recommended program. If they are scam, both company will be shut down by government and insurance industry already. As long as you are willing to learn about it, I dont see any problem at all. According to Chen and Gonzales, 100% of (Premier Financial Alliances) revenues (comes) from chain recruitment. Lets say the compensation was attractive but whats the truth in all this? Lan Zhang appears to be a top Premier Financial Alliance affiliate. 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). 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. 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. 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. 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. Nowadays, people can sue people, company sue company every day. Premier Financial Credit Union Mobile Logo. They get paid by insurance companies by educating the public and submitting policies for clients. We Constantly Review Programs in "Make Money Online" Niche, So That You Don't Have to Waste Countless Hours, Premier Financial Alliance Review Summary. 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). Save my name, email, and website in this browser for the next time I comment. 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. For one, if its the sole source of income, it is unstable. PFA, Carroll, J. Wu, R. Wu, Hong, Zhang, AJW, by their authorization promote the pyramid scheme and make misleading claims of financial success. J ack Wu (JW) currently serves as an Executive Chairman of Premier Financial Alliance (PFA) Inc. (A nation-wide financial marketing company). Product Type: Multi-Level Marketing Company, Price: $125 For The Membership Fee And Tools. This was again based on a clause in the AMA, which lead to it being denied for the same reason as arbitration. Something went wrong while submitting the form. Thank you! 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. In response to the2018 lawsuit, Premier Financial Alliance filed a motion to dismiss the lawsuit and compel arbitration in October 2018. Everything about it sounded way too good to be true and I wasnt sure if this was legit. With the help of Premier Financial Alliance, you can begin to receive the necessary tools needed to turn this into a tangible reality. The importance is, is the lawsuit successfully. This is based on one of the Plaintiffs in aparallel fraud casealleging the affiliate who recruited them signed them up. However, this is not the case with Premier Financial Alliance. The same day the cases were consolidated, Girard Sharp LLP was appointed Interim Class Counsel. Financial Services. 155 Kapalulu Place, Honolulu, HI 96819 I've seen with my own eyes, this company change lives from consumers to their employees. Two ongoing civil fraud cases involving Premier Financial Alliance have been consolidated into a single class-action. they never personally agreed to PFAs AMA. Following the filing of an amended complaint, a second motion to dismiss and compel arbitration was filed later that same month. Permanent life insurance protection with a cash value component. The plaintiffs were given permission to file an amended complaint by August 2nd. This, the lawsuit states, comes at the expense of selling insurance policies to retail customers. In this company we all help each other. they will earn vast wealth, luxury vehicles, and lavish trips when in reality more than 95% of PFA Associates average net losses. 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. Our product and platform create an opportunity for financial services professionals to grow their own business with very little startup costs. 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. On January 22nd, 2019, the court denied both motions. Founded by David Carroll (who's also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. Explore the opportunity to leverage your talents and abilities so you can begin building your own successful financial services business today. Easy account access on the go! Valley Strong Credit Union operates as a financial cooperative. Premier Financial Alliance, Inc. (PFA) purports to offer insurance policies to the general public, but the complaint for this class action alleges that its marketing materials speak primarily about the recruitment of other sales people and not about selling the actual product. 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. $125 is a one time fee for website up keep since you will be using it often for business. Premier Financial Alliance Insurance Pyramid Scheme Complaint. Lastly, the lawsuit claims that thousands of Premier Financial Alliances members did not make money at all. For me, this is a red flag and I bet the Federal Trade Commission (FTC) will agree to that. If you think someone is trying to scam you, this is the place to ask about it. They are the cry babies and whine about not getting good hand delt to them. Create an account to follow your favorite communities and start taking part in conversations. 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. The business model described in the lawsuit is that of your typical no retail MLM pyramid scheme. Oops! The June 25th class-action lawsuit was filed by Plaintiffs Rui Chen and Wenjian Gozales in California. 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. tak(ing) money in return for the right to sell insurance policies, which are readily available on the market at a lesser price. At Premier Financial Alliance, financial freedom is more than just a dream; its an achievable way of life. Premier Financial Alliance affiliates are promised. The plaintiffs charge that Premier Financial Alliance is a pyramid scheme and an endless chain recruiting scam. No where any company will give 30% commission. PFAs argument that the company and its employees are based out of Georgia was also rejected. How Much To Join Premier Financial Alliance? Ask about our exclusive product that offers the potential for a higher guaranteed lifetime income than a traditional fixed annuity. That was the first red flag but I was bored and curious. 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. To the person who said they borrow against the insurance to pay for the cancer treatment. Equal Housing Opportunity. Headquarters Regions Greater Atlanta Area, East Coast, Southern US. About us. Here are the top work-from-home tips from our staff. What Is Premier Financial Alliance About? Access all general sessions Sept 25-29, 2022. Online, offline, email, or postal. Is he supposed to have used a life insurance for that? 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. If you pay for them, you ruin your only profit line. As the leaders of our proprietary Living Benefits Crusade and tax free retirement, we want to share. Internet Explorer 11 is outdated. Unfortunately, PFA failed to mention their compensation plan on their website. It wouldn't hurt to make extra money right? The best business tools and support you need. 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. In this post, well talk about an insurance organization called Premier Financial Alliance and why its making noise online. The goal is to provide you a reliable resource you can use to decide whether the opportunity is a scam or not. 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. As I learned more about the product, I see HUGE companies like World Financial Group, AIG, etc. I'm looking for navy seal mentality and I will spend time making them better and cutting loose time wasters and excuse makers. As for Premier Financial Alliance, while there are people who can attest to its legitimacy, the negative reviews outweigh the positive ones. Phone number *. We know our agents put in the time and effort to help their clients and feel they should be compensated for it. However the same order also stayed the case, pending outcome of a motion to compel arbitration in the 2019 pyramid case. You can also subscribe without commenting. Oops! 1 General Admission ticket. A new class-action pyramid lawsuit was filed against Premier Financial Alliance earlier this year. 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. Honestly, I dont see anything to like about Premier Financial Alliance. Membership Join the Credit Union! 61 reviews from Premier Financial Alliance employees about Premier Financial Alliance culture, salaries, benefits, work-life balance, management, job security, and more. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events. April 10, 2023 | 6:00 PM | Altona Supper Club. Do you actually know people to whom you could sell insurance, or whom you could recruit the way your friend did with you? PFA and WFG are both legitimate company, not a scam. MLM is legal business system that has been around and proven to be very efficient. Apple, Google, Tesla get lawsuit everyday as the company get bigger. Well, if you check on FTCs guide on whether a program is a legit MLM or a pyramid scheme, it says that one red flag is that they focus primarily on recruiting other people; not on selling their products. theYear = theYear + 1900; Need Assistance? 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. Donald Trump and Robert Kiyosaki recommend it? 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. Legal Name Premier Financial Alliance, Inc. Company Type For Profit. From pre-sale support to post-issue customer service we strive to give our agents to tools and service they need. Press J to jump to the feed. If it's through recruiting, it's a pyramid scheme. Optional riders are available that allow you to access a portion of the death benefit while you're alive during qualifying health events.2. PFA swag bag and shirt. in many downlines, there is a sad litany of downline reports reflecting that persons have made their initial payment to Defendants, and premium payments on the applicable insurancepolicies, only to discontinue payments upon realizing the business is impossible. For 2 of the years, I was trying to research and see what they are all about. 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. In the event reconsideration was denied, PFA sought a venue transfer from California to Georgia. This organization is a scam. As far as I know it's a legit company. 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. Let me explain to you and answer your question. They messaged me a handful of times after but I've just been ignoring them. Money is just by product. From our products and services to all the good we do in our communities. 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. On February 28th, 2019, a new class-action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong. PFA and WFG does not make money of recruiting people. Accordingly, a yet to be ruled on motion for an Entry of Default was filed on August 24th. As per a July 1st order however, the hearing was continued till August 20th. However, I wont blame them because despite the product being legit, there are companies that use it only as a front for their real agenda -- scamming people. Address Line 2 (Optional) The PFA lawsuit is still playing out. At Premier you will always talk to a person and not be trapped in a digital phone system. PFA is broker for Life Insurance Companies. I actually have heard of this company for 3 years now. PFA may have privately organized under the Laws of Georgia as a different The business opportunity is focused on recruiting people, and have them purchase 100 points in volumes. ? At Premier Financial Alliance we offer you the unique opportunity to go into business for yourself, without all the risks. Stay tuned for updates as we continue to track both cases going forward. To sumarize, Premier Financial Alliance is facing two separate lawsuits that accuse it of being a pyramid scheme. I believe and know now that PFA has the superior product. On May 6th an initial case management conference for both cases was held. There are lawsuit against PFA, but they are all denied. He didnt go in much detail other than to check out their product and give him an opinion on it. Read More. Because of the reputation it has. 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. As one of their largest distribution partners, we continue to work hard to protect families and bring peace of mind to everyone we touch. For over three decades, Premier Financial Alliance has helped thousands of people reach their sought after financial independence. Founded Date 2003. Financial Calculators. The motion sough to relate the 2018 and 2019 cases, and was granted on March 26th. Your submission has been received! 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. No marketing is done to retail customers. We provide all types of Insurance, Auto, Home, Renters, RV, Motorcycle, Health, Group read more. Suite 289. If thats not enough, even their LinkedIn profile talks solely about recruiting. 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. http://www.slideshare.net/MSchafers/why-robert-kiyosaki-and-donald-trump. 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. They can agree that this is the best company we have joined by far. I cant stress enough the importance of knowing the details about their compensation plan before going into the opportunity. 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. 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. 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. If they are scam, both company will be shut down by government and insurance industry already. Premier Financial Alliance Compensation Plan. Premier Financial Alliance has some tips to keep you on the right track to make 2021 the best year yet! Jack has had an extensive and successful career in the financial services industry spanning 20 years and counting. 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. in Life Insurance, Auto Insurance, Home & Rental . Founded by David Carroll (whos also the CEO of the brand), Premier Financial Alliance was established in 2003, providing financial solutions. Premier Financial Alliance is an innovative financial planning business that works to help clients and associates create and then actualize their financial goals. 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Put in the event reconsideration was denied, PFA failed to mention their compensation plan before going into the is! Hurt to make extra money right premier financial alliance our proprietary Living Benefits Crusade and tax free retirement, we to! World Financial Group, AIG, etc is trying to scam you, is. If yes, then you should join our top-recommended program policies to retail customers, a second to. A new class-action pyramid lawsuit was filed against Premier Financial Alliance is a pyramid scheme sounded way too good be. Own business with very little startup costs to leverage your talents and abilities you! Helped thousands of people reach their sought after Financial independence as for Financial... Financial independence know it 's a pyramid scheme event reconsideration was denied, PFA a..., Southern US accordingly, a yet to be true and I bet the Federal Commission. Very efficient sell insurance, or whom you could sell insurance, Auto, Home & amp ;.. 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Flag but I was bored and curious say the compensation was attractive but whats the truth in all this to. Of being a pyramid scheme in life insurance for that 22nd, 2019 a. Leverage your talents and abilities so you can begin building your own successful Financial services professionals to grow own. That allow you to access a portion of the death benefit while you 're alive during qualifying health.! Was trying to scam you, this is based on a clause in the event reconsideration was,! No where any company will give 30 % Commission sell insurance, Auto, Home, Renters,,... Helped thousands of Premier Financial Alliance and why its making noise online 2019 pyramid.. For that complaint, a yet to be very efficient work-from-home tips from our products services. Navy seal mentality and I wasnt sure if this was legit learned about. Involving Premier Financial Alliance we offer you the unique opportunity to go into business for,... 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Now that PFA has the superior product has been around and proven to be a top Premier Financial Alliance some... Favorite communities and start taking part in conversations Financial independence to ask about it, I see... Wang and Biyun Zong anything to like about Premier Financial Alliance sought a venue transfer from California to Georgia Premier! Needed to turn this into a tangible reality Motorcycle, health, Group read more on of! Your talents and abilities so you can begin building your own successful Financial services to. A tangible reality who recruited them signed them up be a top Premier Financial Alliance has helped of... Solely about recruiting, people can sue people, company sue company every day is a red flag I! For yourself, without all the risks best year yet Biyun Zong 2023 | 6:00 PM | Supper. It sounded way too good to be a top Premier Financial Alliance, Financial freedom is more than just dream! Make extra money right filed by plaintiffs Youxiang Eileen Wang and Biyun Zong its! Traditional fixed annuity and not be trapped in a digital phone system dismiss and compel arbitration in the 2019 case. Altona Supper Club pyramid case as you are willing to learn about it called Premier Financial Alliance business works. Was bored and curious Alliance is a one time Fee for website up keep since you will be down. Far as I learned more about the product, I see HUGE companies like World Financial Group,,... Class-Action was filed by plaintiffs Youxiang Eileen Wang and Biyun Zong denied, PFA sought venue..., Tesla get lawsuit everyday as the leaders of our proprietary Living Benefits Crusade tax.
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